Introduction:

Bitcoin and cryptocurrency markets are heating up and people have started paying attention. Many of us have been curious about “How to Buy Cryptocurrency?” And we haven’t dipped our toes in yet. And what’s great is that buying crypto is easier than ever. The world has changed significantly over the past few years at an extremely fast pace culturally, politically, geopolitically, technologically, and most of us financially.

In the realm of the failing economy and monetary system, we are looking for alternative financial solutions that can protect our purchasing power, to build wealth to take care of us and our families to get more freedom in our lives. For some of us, the alternative is bitcoin and cryptocurrencies. So, how do we buy Bitcoin? How to buy cryptocurrency? How to make money with cryptocurrency safely and securely without being scammed?

Concept to Understand Before Buying Cryptocurrency:

Bitcoin and cryptocurrencies are unique in that they can’t be physically stored in your house. Like cash in your mattress or gold in your safe. It can’t be stored at a bank like money or held in stock, like a brokerage account. Bitcoin and crypto are just bits of data stored on a database that never leave the database.

So, bitcoin and crypto are never actually in your crypto wallet and are never actually on crypto exchanges. Rather than that when we use a crypto wallet the wallet can be more accurately described as a key. A key to access the bitcoin or crypto or crypto on the database. and whoever has the key to access the crypto can transfer the crypto to another place in the database. and after transfer, it is assigned with a different key.

This whole concept of crypto may look confusing or strange at first, however, as we go through this process it is easy and understandable.

The Golden Rule of Investing in Crypto:

It is crucial to not simply sign up on an exchange to buy crypto and just let it ride. If we are serious about getting into crypto, we need to create a secure foundation to build on. This will require some investment of our time and some money into products and services. Being an investor it’s important to consider new cutting-edge technology. This brings us to the second key concept we need to know before buying crypto. This concept is called the golden rule of investing in crypto. This concept says “Never invest in anything you can’t afford to lose”. High risk can lead to high reward and we humans tend to want to overreach. So, we need to figure out an amount we are completely comfortable with investing and the amount that we are comfortable with potentially losing it.

Keep learning and growing in the crypto space and be patient in the process. Crypto is being traded around the clock 24/7 violently. So, if we want to get a good night’s sleep while investing in the crypto market. We need to budget an amount we are going to use to buy crypto and stick to it.

Rule no 3 stay away from Hackers and Scammers: The third concept is to understand that there are a lot of scammers and hackers in the space who are constantly trying to steal your crypto on the channel. You need to learn all the security methods and check to secure your crypto asset the hackers will try to steal your login credentials, money, and crypto. So, to make things safe we need to take security steps. Always use official and authentic sites, and double and triple-check the site’s URLs before logging in.

9 Steps to Take Before Buying Crypto:

These are the steps that you can follow to protect your crypto account. You can follow all, some of the as per your comfort. Some of these are free some of them are paid. Following these steps will create a more secure foundation.

Step#1 Secure Devices:

First of all, we need to ensure our computers, cell phones, tablets, or whatever devices we will use to buy and manage our crypto are secured and free of any malware before we start setting up account wallets. There are tons of tools and services available to scan and secure devices. My personal favorite is Malwarebytes.

Step#2: Set Up Strong Password:

Now our devices are clean and secured. We haven’t already made sure that our app has a strong password so that if we lose our device the potential hacker won’t have access to our account. Another thing to consider is that our cell phones play an important role in our lives. But keep in mind that your cell phone no that is used in crypto should be secret. Your no should not be displayed online, or on social media. If it’s present immediately remove it.

Cell phones are used for account creation, security, and similar. Cell phone numbers from any public website, social media, and similar. Try to never publish it anywhere publically. Your cell phone can be used to access a myriad of sensitive data including banking, two-factor authentication, crypto, two-factor authentication, and similar. So, they are huge targets for hackers. One of the most devastating types of hacks that is rampant right now. This is called sim hacking, or sim theft.

Step#3 Protection against SIM Swaps:

There are many secure mobile services available that give security against SIM swapping. It is secure for location tracking, spam calls, spam text, and malware. Some companies come with millions of dollars in insurance policies if we become victims of a sim swap despite using the services of that particular company. It is so economical and brings lots of peace that our crypto assets are secure.

Step#4 Use VPN:

VPNs make crypto trading more secure. They allow us to secure our identity, data, investments, and location. By using a VPN, you can hide your IP address and mask your location.

Step#5 Wallet Protection Browser Extension:

Use a free extension like Wallet Guard or some other good extension. This ensures we access the correct and official websites and crypto projects. Before you access the site, these extensions will warn you that this site might be harmful for your security purposes.

Step#6 Encrypted Email Account:

An encrypted email account to be used dedicatedly for crypto trading must be created. This email account should not have been used before for online or offline in the past. This is to separate our crypto account from any other platform on the internet like banking, social media, and similar.

The question here is what is the benefit of an encrypted email account, and the answer is that in case the hacker hacks your account all the emails received would be encrypted. It means they would not get any information related to your account. This is a barrier to gaining your account access by any other person. You can take this service from any encrypted email account service provider.

Step# 7 Two-Factor Authentication (2FA):

Most online bank accounts like bank accounts, crypto exchangers, etc use 2FA (two factor authentication). This option is available in security settings. This also helps against the protection of your account, as it requires two steps of verification to access your account. We should enable 2FA on all important accounts related to crypto and finance.

Step#8 Start Branching Out:

Throughout our crypto journey, we eventually will start branching out and trying new wallets for decentralizing exchanges or dexes. Like dabbling into NFT trading. Crypto is an oyster that is nearly limitless and continues to expand and grow every day. so, over time if we don’t stay organized it will get messy during tax season or in case of our death or injury.

So, we need to keep a secure recordkeeping system that works for us. Where we can store accounts, passwords, and instructions on how to access them. We should keep wallets, addresses, and similar inaccessible records.

Step#9 Get a Hardware Wallet:

When we buy crypto it’s important to get it off the exchange, so we can completely own and control it. There are lots of wallets like Tangem wallet, that are extremely affordable and incredibly easy to set up. It only takes like 60 seconds, check it out.

How to Buy Cryptocurrency Safely and Securely?

If you made it this far congratulations! Now you can buy cryptocurrency safely and securely. It’s easier than ever to buy crypto. It takes like 30 seconds to buy a cryptocurrency and another 30 seconds to transfer it to our card storage hardware wallet. Once we decided to take the plunge and get into crypto. It’s always best to have accounts with us as many reputable reputable exchanges as possible. Like Kraken, Coinbase, Crypto.com, Binance, and Gemini are some good crypto exchanges. In this way, we will have good options to buy, sell, and exchange crypto especially when the market is hot. Buying cryptocurrency usually involves three steps.

Step By Step Guide for Buying Cryptocurrency:

4 Steps to Buy Crypto with Confidence:

Step#1 Research:

Whether you know which cryptocurrency you want to buy or you are still debating research is a vital step. It’s highly recommended to do extensive research before investing your money. Sometimes a certain coin gets a lot of hype. But once you research it a bit, you find out that it’s not very wise to invest in it. Aside from googling information about coins, coinmarket.com, and coingecko.com are good places to start.

Step#2 Get a Wallet:

Cryptocurrencies are stored on programs called wallets these are installed on computers or your mobile phones. Each cryptocurrency needs a different kind of wallet. Most wallets can store multiple coin types. Most wallets support multiple coin types. Make sure that your coin is supported by your wallet. If you are looking for added security it’s better to use hardware wallets. This is a physical device that connects to your computer and keeps your coins offline, away from the reach of hackers.

Step#3 Locate your Address:

You need to locate an address for receiving your payments. Each coin has a different receiving address format. Usually, it contains a long string of letters and numbers. You will need it for the final step.

Step#4 Buy Your Coins:

The last and final step is to buy your coin on an online exchange. All markets don’t sell all kinds of currencies. Luckily coinmarketcap.com lists all kinds of relevant exchanges for buying any listed coins. If you are looking to buy several cryptocurrencies, we recommend choosing an exchange that already supports all your desired coins usually takes a while.

As a signup process at an exchange usually takes a while. Before we conclude a word of advice, we never invest any amount in cryptocurrency that you can’t afford to lose. Cryptocurrency is extremely volatile and highly risky, even the more established ones. You will find a huge list of wallets, go for the wallets that with best reviews, descriptions, and links. If you are confused in choosing the wallets go for research on wallets, check out their descriptions, and select one according to your coin.

Wrapping Up; How to Buy Cryptocurrency:

Buying cryptocurrency is now simpler than ever, yet it requires a thoughtful approach to ensure security and long-term success. Before diving in, remember the basics of how to buy cryptocurrency: use secure devices, keep your details private, protect your wallet with strong passwords and two-factor authentication, and consider a hardware wallet for added security. It’s essential to start small—invest only what you can afford to lose—and keep an eye out for scams and hackers by using reliable security tools like VPNs, encrypted emails, and browser extensions.

Once you’re ready, research thoroughly to select the best cryptocurrency and wallet for your needs, and choose a reputable exchange like Coinbase or Binance. Investing in cryptocurrency can be exciting and profitable, but patience and caution are key to navigating the volatile market with confidence.