You might have heard of exclusive parties, celebrities investing fortunes, or your favourite café accepting crypto for payment.
You have heard for sure the incredible highs on crypto prices at the beginning of 2020 “sponsored” by Elon Musk, and the vertiginous low in summer 2022 that lead to drastic lay-offs.
Those not investing in Bitcoin from the start were seeing fortune pass them by, while early adopters’ smile shouted “have fun staying poor”.
“But it still feels just like a vibe where you are either in or out.”
But it still feels just like a vibe where you are either in or out.
So let’s get into the crypto vibe once and for all before you end up being still in your 30s and sounding like your parents trying to get into the Instagram vibe in their 60s.
I want to invest in crypto, where do I start?
Just like with any other investment, you need to find an intermediary. You might have this option with your ordinary investment app, or invest directly through a crypto exchange like Crypto.com, Binance, or Coinbase.
When choosing a crypto exchange, you will want to pay special attention to their fees, support offered, and other assets you can trade on the platform – are you diving into NFTs too?
The next steps are: opening an account, fund your account, and purchase your crypto.
But remember: always, always, always, diversify your portfolio. Crypto should represent only a part of your investment portfolio.
Learn how to create a healthy investment portfolio and start investing in two hours with My Investor Toolkit. Download for free here!
I want to pay with crypto, where do I start?
To be able to pay with crypto, you need to own crypto in a crypto wallet, exactly as you own money in your bank account. To achieve this, you follow the steps above.
From your crypto investment account, you can transfer the amount you want to use for payments to your crypto wallet.
Many crypto exchanges offer a VISA card that you can use to pay in any establishment, just as with any other card.
If you are not interested in a card, you can only pay with crypto in retailers and business that support this payment form, you would be surprised how many do! The business will create a QR code that you scan with your crypto app.
Want to start investing? Cut through the noise with Her Lab education and resources.