How to Start with Cryptocurrency

Welcome to the world of cryptocurrencies! Whether you’re curious about Bitcoin, Ethereum, or other digital currencies, you’ve come to the right place.

At Easy Crypto, we believe that anyone can understand and benefit from cryptocurrencies with the right guidance.

This brief guide is intended to help point you get an overview of what it means to get started with cryptocurrencies and point you in the right direction to help you start your crypto journey with confidence.

What are Cryptocurrencies?

First and foremost, what are cryptocurrencies?

Cryptocurrencies are digital or virtual currencies that use cryptography for security. Unlike traditional currencies issued by governments (like the US Dollar or Euro), cryptocurrencies operate on decentralised networks based on blockchain technology. This means transactions are verified by a network of computers rather than a central authority.

New to crypto? Here’s everything you need to know to get started.

Understanding Blockchain Technology

Blockchain is a distributed ledger technology that records all transactions across a network of computers.

Each block in the chain contains a list of transactions. Once a block is completed, it is added to the chain, creating a permanent and immutable record.

Learn more: What is blockchain technology?

Why Use Cryptocurrencies?

Cryptocurrencies have distinct advantages over traditional fiat currencies. Below is an overview:

• Decentralisation: No central authority controls cryptocurrencies.
• Security: Transactions are secure and transparent.
• Global Reach: You can send and receive cryptocurrencies anywhere in the world.
• Lower Fees: Often, transaction fees are lower than those charged by banks.
• Ownership: You have full control over your digital assets.

Setting Up a Crypto Wallet

To start using cryptocurrencies, you’ll need a crypto wallet. A wallet is a digital tool that allows you to store, send, and receive digital currencies. There are different types of wallets:

• Software Wallets: Apps or software you install on your computer or smartphone (Easy Crypto Wallet, MetaMask).
• Hardware Wallets: Physical devices that store your cryptocurrencies offline (Ledger, Trezor)

At Easy Crypto, we recommend starting with a software wallet for its ease of use.

Easy Crypto Wallet: Your Gateway to Crypto

If you’re on the search for a crypto wallet, the Easy Crypto Wallet is our very own, locally designed software wallet that we’ve built to simplify the crypto experience for all levels crypto users.

Easy Crypto Wallet features:

• The Easy Crypto Wallet is a self-custody wallet with recovery features and encrypted cloud-based backups. Self-custody means this wallet puts you in full control over your assets.
• Features the latest security measures, MPC (Multi-Party Computation) signing for authenticating secure transactions.
• Customisable accounts to create multiple addresses to suit your needs and improve on-chain privacy.

The Easy Crypto Wallet combines the autonomy of using a self-custody wallet, whilst also incorporating the protection, security, and privacy of cold wallets – making it the best of both worlds.

Buying Your First Cryptocurrency

Buying cryptocurrency on Easy Crypto is simple and straightforward:

1. Sign Up: Create an account on Easy Crypto by providing some basic information.
2. Verify Your Identity: Complete the KYC (Know Your Customer) process by submitting a government-issued ID and proof of address.
3. Deposit Funds: Add funds to your Easy Crypto account using your preferred payment method (e.g., bank transfer, credit card).
4. Buy Cryptocurrency: Choose the cryptocurrency you want to buy, enter the amount, and confirm your purchase.

Need a more detailed guide? We’ve got you covered.

Staying Safe in the Crypto World

Security is paramount when dealing with cryptocurrencies. Here are some tips to keep your assets safe:

• Use Strong Passwords: Create complex passwords and change them regularly.
• Enable Two-Factor Authentication (2FA): Add an extra layer of security to your accounts.
• Keep Your Private Keys Secure: Never share your private keys with anyone.
• Beware of Scams: Be cautious of phishing attempts and fraudulent schemes.

Explore our comprehensive list of security topics for best safety practices in the crypto space.

The world of cryptocurrencies is vast and constantly evolving. At Easy Crypto, we provide educational resources to help you stay informed. Explore our blog, tutorials, and webinars to deepen your understanding and enhance your crypto journey.

Final Thoughts

Starting with cryptocurrencies can seem daunting, but with the right knowledge and tools, it becomes an exciting and rewarding experience.

At Easy Crypto, we’re here to support you every step of the way. Dive in, explore, and discover the potential of digital currencies today!

Explore crypto: Learn all things crypto with Easy Crypto.

Disclaimer: Please be aware that digital assets, such as cryptocurrencies, tokens, and NFTs, are volatile and largely unregulated assets. It’s important to understand what you will be investing in, before you put your money at risk. If you’d like to learn more about digital assets, head over to our Get Started page, and just start there!