If you have heard a lot of noise about Cryptocurrency or Bitcoin but do not exactly know what cryptocurrency is, I am going to give you a brief description. Cryptocurrency is a decentralized currency. No one controls the currency. To get an understanding, USD or any other currency of a currency is generally controlled by the central bank of that country. But for cryptocurrency, there is no such organization or bank. This is the beauty of cryptocurrency. You can transfer the money anytime from anywhere around the world (if the cryptocurrency is legal in that country). Actually, cryptocurrency is legal in most of the countries in the world except some small number of countries.
Why to Invest in Cryptocurrency?
As more and more transactions are happening in cryptocurrency and people are converting their assets in cryptocurrency as this is decentralized, cryptocurrency is getting popular and the value of cryptocurrency against USD is increasing. Currently, the hottest cryptocurrency is Ethereum. The value of Ethereum is increasing day by day. So, this is the best time to invest in cryptocurrency.
How to Invest in Cryptocurrency? (So Easy! Invest Within 10 Minutes)
To invest in cryptocurrency is very simple and easy, steps below:
- Step1: You join a cryptocurrency exchange platform (Coinbase recommended, cause using this link give your free $10), verify your identity, add your debit or credit card and then buy any cryptocurrency within minutes.
You can see from the screenshot that if you click on this link and sign up and then buy USD 100 worth of any crypto, you will get $10 for free. As I am in New Zealand, it is showing $14 in my currency.
Now, just enter your First name, Last name, email address and password. Verify the email address and then upload your identity (driving license or password to verify your identity) and add your debit and credit card to buy cryptocurrency.
You will get another $5 just by completing couple of simple tasks. Coinbase is trying to educate you about 2 cryptocurrencies – The Graph and AMP. So, you need to take a small quiz and you will get additional $5. Proof below that I have earned those: (The Graph and AMP earning!)
These earning are small to transfer to your Crypto wallet, but the trick is to convert those into another currency (may be Ethereum) and then buy $100 of Ethereum and transfer those to your wallet as well.
- Step 2: Once you have bought some cryptocurrency, this will show under your Assets. Now, tme to download the Coinbase Wallet in your mobile to transfer the Cryptocurrency in your wallet.
- Step 3: Once Coinbase wallet is downloaded in your mobile, you will find option named “Receive”. Click on that receive button, choose your desired cryptocurrency that you want to receive from Coinbase exchange and then get the address.
- Step 4: Once you get the wallet address, go back to the Coinbase exchange (website) and under asset, click on your cryptocurrency and then you will find option to Send. Continue with that option and then in the wallet address use your own wallet address. That’s it! Your cryptocurrency will be in your wallet within couple of minutes.