Cryptocurrencies are traded like regular currencies on the foreign exchange market, with prices changing relative to each other. What sets them apart is the ability to send them without a bank.
Now that we are here, it is important to state that dealing with crypto requires a lot of care and attention to detail. Proceed with caution when buying or depositing cryptocurrencies, as a simple mistake, such as sending funds to the wrong network, could result in the irreversible loss of your money. There are different coins and also networks. While some coins may accept networks like BEP2, ERC20, and BEP20, others may not.
With crypto, mistakes are not forgiven!
Once you make an error of sending it to the wrong network, you automatically lose your money. Double-check all transaction details to ensure accuracy and security, safeguarding your digital assets from potential risks.
How to Buy Crypto
The first step when buying a coin is to have a cryptocurrency wallet.
Having a cryptocurrency wallet is an essential starting point!
What is a Cryptocurrency Wallet?
A cryptocurrency wallet is a digital tool that allows users to securely store, receive, and send their cryptocurrencies. It doesn't actually "store" the coins but rather stores the cryptographic keys (private and public keys) needed to access and manage the user's cryptocurrency holdings on the blockchain.
Cryptographic keys play a central role in securing transactions and ensuring the integrity and authenticity of digital assets.
There are lots of crypto wallets out there, like Ledger Nano S, Trezor, MyEtherWallet, Trust Wallet and many others. But for the sake of this article, we will pick Trust Wallet and guide you on how to open it.