The media are starting to talk about cryptocurrencies again. This creates promising opportunities. Investors who think about their future and want to make profitable and promising investments, consider crypto as a good asset. To buy it, you need to find a reliable cryptocurrency exchange platform, such as AddUp, and then you don’t have to worry about the safety of transactions.

Before starting out, beginners need to understand what investments are and why they can be invested in digital currency. However, any investment is associated with risks and before deciding on this project, it is important to carefully consider everything. Cryptocurrency investment supporters understand how to choose the right coins and the right strategies that will make crypto trading effective and can bring very large profits in the future.

Criteria to consider before you buy crypto

The first step of any investment is research and data gathering. For example, before you buy crypto, you need to learn more information about each coin, study its technology, areas of application, project team, availability of investors and other key factors. After that, it is recommended to:

• determine the budget and your own financial capabilities;
• track cryptocurrency rates to understand when to buy or sell assets;
• diversify your assets, as different cryptoassets have different volatility, correlation and potential growth;
• set up two-factor authentication on their exchange accounts and wallets;
• keep passwords and recovery phrases safe.

Before you buy crypto, you need to be clear about several aspects: set limits for losses and profits in the market. It is also important to record losses and financial profits from the first days.

Choosing a cryptocurrency exchange platform

If you’re new to cryptocurrency, start by choosing the right internet exchange platform. This could be, for example, AddUp. For added security, consider using blockchain and transferring bitcoins to your own, preferably hardware wallet after the purchase is complete.

Then, create an account on your chosen platform and fund your account. Most reputable services support different payment methods: bank transfers and card transfers. Next, it is important to decide on the amount you would like to spend on crypto trading. If you are a beginner, it is better to start with smaller amounts. After that, you can start trading.

How to choose the right coins on AddUp

For beginners, it is recommended to choose well-known cryptocurrencies. In doing so, take into account such criteria:

• high market capitalization;
• good quotes on exchanges;
• easy exchange for fiat currencies.

It is also important that the coin is not in the process of development, and was already a ready working product. Such digital currencies are Bitcoin, Ethereum.

It is quite easy to invest in cryptocurrency in modern realities. Having determined the assets, you only need to choose a reliable cryptocurrency exchange platform that will help you realize your financial goals.