Jakarta, Pintu News – The world of cryptocurrency is on the rise, and many people are interested in investing. However, for beginners, the world of cryptocurrency can seem complicated and daunting. Don’t worry, this article will guide you to understand how to invest in crypto or bitcoin for beginners. Check out the full article!
Cryptocurrency investment has the potential for high returns, but also high risks. Here are some of the benefits and risks of cryptocurrency investment:
Before investing in cryptocurrency, there are several factors you need to consider, including:
Also Read: Bitcoin Continues to Thrive Amid Crypto Market Fears: The Impact of Inflation Fears on Crypto
If you have considered the above factors and decided to invest in bitcoin or cryptocurrency, here are the steps you need to take:
Before buying crypto assets, you need to know what your investment goals are. Is it for the short, medium or long term? A clear goal will help you choose the right investment strategy, including choosing the appropriate type of cryptocurrency.
Example: If you want quick results, you can choose small-cap altcoins. For the long term, Bitcoin or Ethereum could be an option.
Cryptocurrency investment is known for its high volatility, meaning prices can go up and down very quickly. As a beginner, make sure you understand these risks and only use funds that you are prepared to “lose” (cold cash).
Avoid using emergency funds or loans for crypto investments.
The next important step is to choose a crypto trading platform that is officially registered and supervised by the Financial Services Authority & CFX, such as Pintu. Besides being safe, Pintu also provides portfolio monitoring, staking, and crypto education features for beginners.
Also check user reviews and the app interface before creating an account.
After choosing a platform, create an account and complete the identity verification process (Know Your Customer/KYC). Usually, you will be asked to upload your ID card and selfie for account verification.
This process is important so that your account is secure and compliant with government regulations.
Once your account is active, you can deposit funds in rupiah using bank transfers or e-wallets. The minimum trading amount is also considered very affordable, as in the Pintu app, the minimum trading amount starts from Rp11,000 (~$0.65).
Make sure you understand the transaction costs or fees before depositing.
Before buying a crypto asset, make sure you study the fundamentals of the asset you want to choose. Each cryptocurrency has different functions, technologies, and risks, so it is important to understand its characteristics first.
Avoid buying just because of a trend. Do your research first to make your investment decisions wiser.
You can start by buying a small portion of the asset you are interested in, for example 0.0001 BTC. The buying process on the Pintu app is quite easy-just select the asset, enter the rupiah amount, then click buy.
Check real-time prices and charts to see the latest price trends.
After purchase, you can store your crypto in the wallet provided by Pintu or use an external wallet such as a hardware wallet for higher security.
Enable the 2FA (Two-Factor Authentication) feature for extra security.
Use the portfolio tracker feature available on Pintu to monitor the performance of your assets. Conduct regular evaluations and adjust your strategy if necessary.
Portfolio diversification is also important to minimize risk.
The crypto world is moving fast. Follow the latest news, trends, and market analysis on Pintu News to stay updated.
Cryptocurrency investment can be a lucrative way to diversify your investment portfolio. However, it is important to understand the risks involved before investing. Do your research and consult a financial advisor before making an investment decision.
Also Read: Cardano Price Explosion Potential According to Analysts: Repeat 2021 Surge, Target $16?
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*Disclaimer:
This content is intended to enrich readers’ information. Always do your own research and use cold hard cash before investing. All crypto asset trading and investment activities are the responsibility of the reader.