The first time I explained about cryptocurrency, I explained in details which can cover a whole book. Unfortunately, the feed back I got was that most people do not want to hear my long story initially but want a quick guide of how to participate in the space where only after that some maybe interested in knowing more. Therefore in this article, I covered the minimum necessities to start using cryptocurrency which should not take more than an hour to practice.
1. Cryptocurrency Information Sources
People who only heard about Bitcoin and cryptocurrencies probably only knew them from TV news, social medias, and rumors from their circles. Not knowing where to get the details about certain coins is probably the first wall that procastinates people from entering the space. Good thing today there are many cryptocurrency information sources and databases. My favourite is Coingecko but there are ohers out there such as Coin Market Cap and Coin Paprika that provides:
- Status of the whole cryptocurrency market.
- Crypto related news.
- The price histories of many coins.
- Details about each coins.
- Portfolio tracker.
2. Cryptocurrency Wallet
After getting information sources to know about the cryptocurrency space, to truly enter the space we need a cryptocurrency wallet. For new users on computer desktops I recommend Exodus multiple cryptocurrency wallet, Atomic Wallet for staking coins, and Metamask browser extension to enter decentralized finance (DeFi). A personal wallet is used for:
- Send and receive and access your coins.
- Full ownership of your coins by keeping…