How to make money investing in Cryptocurrencies: 

A guide to smart investing in Bitcoin and other cryptocurrencies

The cryptocurrency market is exploding, and Bitcoin has quickly become the most popular option. Some experts predict that the value of a single Bitcoin will go up to $100,000 in the next few years! Investing in cryptocurrencies can be extremely profitable and savvy, but it’s also full of risks and intricacies that can take away your hard-earned money quickly if you don’t know what you’re doing. Here are some tips on how to make money investing in cryptocurrencies to help you maximize your returns without exposing yourself to too much risk at once.

Step 1 - Choosing your exchange

There are many different exchanges available for trading cryptocurrencies. Some popular exchanges include Coinbase, Binance, and Kraken. It's important to choose an exchange that is reputable and has a good user interface. You also want to make sure that the exchange offers the coins that you're interested in trading. For example, if you're interested in Ethereum (ETH), then it's best to sign up with Coinbase since they offer ETH. Step 2 - Getting your account verified: You will need to verify your account before you can start buying or selling any cryptocurrency on an exchange. The verification process can take anywhere from a few minutes to several days depending on how fast you respond to any requests for information from the exchange about your identity and bank account. Step 3 - Buying some Bitcoin or Ethereum: Once your account is verified, you can use it to buy some bitcoin or ether from the exchanges using either USD or another cryptocurrency as payment. Be careful not to buy too much of a cryptocurrency at once because the price could quickly go down after you buy it. 

 After you have some bitcoins or ether, you can store them off of the exchange so that they're out of reach from hackers. Coinbase provides insurance against theft or loss through its vault service while GDAX only provides insurance against hacking events but not theft by employees, so storing them on an exchange may not be recommended. Store your bitcoins offline by creating a paper wallet (basically writing down all of your private keys and addresses) which can't be hacked remotely like online wallets can be. If you get ransomware on your computer and lose access to your files, then you won't lose access to your bitcoins as long as they're stored offline. Other tips include encrypting sensitive data, installing antivirus software, setting strong passwords and avoiding unsecured WiFi networks when possible. Some people recommend keeping some cash on hand just in case there's a sudden crash and others recommend staying away from leverage trading. Lastly, avoid exchanging one cryptocurrency for another unless you know what you're doing because crypto prices can change very quickly. Instead, invest in altcoins. Investing in altcoins means buying new cryptocurrencies with high potential for growth instead of investing in more well-known coins such as Bitcoin and Ethereum. Make sure that you read reviews about the altcoin before purchasing it because many scams exist. In addition, do research about the company behind the coin to see if it's trustworthy and find out where it stands among other competitors. Look into news articles and social media posts before deciding whether or not to invest in any given altcoin. Always set a limit order rather than buying directly into fiat currency because this protects you from market volatility. Keep your investment diversified by spreading funds across different altcoins rather than putting all of your eggs in one basket. Put some funds into ICOs because sometimes these investments yield large returns when they hit major exchanges later on even though most don't succeed. Don't put more than 5% of your total portfolio into risky investments unless you have an appetite for risk and understand how volatile crypto markets can be. As a general rule, you should never invest more than you can afford to lose. This is true for any type of investing, not just cryptocurrencies. Doing your own research and understanding the risks before you invest can help you make a decision that is right for you. Although the cryptocurrency world is still largely unregulated, some countries such as South Korea and China have taken steps to regulate cryptocurrencies. Bitcoin has been considered a commodity by the Commodity Futures Trading Commission in the United States. Regulatory efforts are ongoing and you should make sure that you're aware of any regulatory changes that happen before you invest. Step 4 - Monitoring your coins: You can monitor your coins on any exchange or by signing up for a trading website. You can buy and sell coins on many exchanges and then withdraw those funds into your bank account, however it's not always worth it to pay fees when withdrawing if you plan to spend those coins shortly afterwards because the fee may be higher than the amount you end up spending on whatever it is that you're buying with those coins.

Step 2 - Buying your coins

Now that you know which coins you want to buy, it's time to purchase them. This can be done in a number of ways, but the most popular method is through an exchange. Exchanges allow you to buy and sell cryptocurrencies, as well as store them. However, they aren't necessarily the most secure option, so it's important to do your research before choosing one. There are a few things to look for when picking an exchange, such as security features, fees, and ease of use. Once you've found a reputable exchange, you can create an account and start buying coins. The process typically starts by entering your desired price per coin and total amount of coins you wish to purchase. From there, it will show how much total USD or BTC you'll have to pay based on the current market price. Most exchanges accept payment via bank transfer or credit card, though some only offer bank transfers. It's also possible (but slightly more complicated) to send payment from your wallet if the exchange supports this feature. 

When purchasing coins from an exchange, many people like using USD because it tends to carry less risk than cryptocurrency if their investment does poorly. However, if you believe that cryptocurrency prices will continue rising over time, then investing some BTC might be worth considering since those currencies tend not fluctuate as wildly. If you don't want to invest any of your own funds, it's possible to find a broker who specializes in crypto investments. Brokers often charge a fee for managing these investments and can offer guidance based on what types of coins they think would perform best at any given time. They usually take possession of your coins until the investment has matured and will require you to provide access to your wallet, where they can withdraw the profits. That means you need to take extra precautions with brokers just as you would with any other type of trading partner. While these sorts of services may seem attractive, it's better to build up a portfolio on your own first before paying someone else a hefty fee to manage it for you. 

Brokers may seem like an easy way out, but this isn't always true. Remember that nothing comes without risk--so even if something seems too good to be true, chances are it probably is! Some scammers prey on unsuspecting investors, offering advice or management services while simultaneously making off with large sums of money. Look for red flags that indicate you're dealing with a shady person, including if they refuse to give their name or refuse to speak via video chat. Make sure you read all the fine print before signing anything and avoid deals that sound too good to be true; however tempting they may be, they probably are! Some scammers prey on unsuspecting investors, offering advice or management services while simultaneously making off with large sums of money. Look for red flags that indicate you're dealing with a shady person, including if they refuse to give their name or refuse to speak via video chat. Make sure you read all the fine print before signing anything and avoid deals that sound too good to be true; however tempting they may be, they probably are!

Step 3 - Storing your coins safely

Now that you have bought your coins, it is important to store them safely. The most important thing is to never store your coins on an exchange. Exchanges are a hot target for hackers because they hold a lot of coins in one place. If you store your coins on an exchange and the exchange gets hacked, you could lose all of your coins. The best way to store your coins is by using a hardware wallet like the Ledger Nano S or Trezor. These wallets allow you to store your coins offline in what is known as cold storage. This makes it impossible for hackers to steal your coins because they are not connected to the internet. However, if you do want to be able to access your coins anytime then use a software wallet (like Exodus) or even just write down your private key on paper and keep it somewhere safe (if you are worried about losing access to your funds). You can also back up this key online with services like MyCrypto so that if anything happens to the paper copy, you still have access. 

A quick word of warning before we finish off this blog post - do not invest more than what you can afford to lose! It's better if we stick with our $1000 investment from earlier in this blog post because anything more could put us at risk of losing everything. Investing wisely means knowing when enough is enough and pulling out before things get too risky! That being said, these three steps will ensure that you don't end up making any rookie mistakes while investing in cryptocurrency and hopefully leave this post feeling confident about how to proceed. 

Continuation (four+ sentences): Step 1: Research potential investments and decide which ones interest you the most. Step 2: Establish a budget for yourself and don't go over it no matter how tempted you may be! Step 3: Storing your coins safely! There are two types of wallets that you can use to store your coins - software wallets and hardware wallets. Software wallets connect to the internet so it might seem safer because there is no chance of forgetting your password or having your hard drive fail, but that isn't always true. They often need to sync with the blockchain every time you open them, meaning they become slow and buggy until they finally catch up with everyone else who is trying to access their account right now. Hardware wallets avoid this problem completely because they are disconnected from the internet altogether. They store your keys offline on a physical device and you can choose between a desktop or mobile wallet. Desktop wallets are generally considered to be more secure because they aren't connected to the internet, but they also require a download onto your computer first. Mobile wallets offer easy accessibility without compromising security since they're always running in an app instead of needing to download anything onto your computer. 

Continuation (eight+ sentences): You should only ever use software wallets if you really know what you're doing and only use desktop wallets if it was recommended by someone with experience. We recommend using either the Ledger Nano S or Trezor hardware wallet for maximum security because both come with backup seed keys that let you recover all of your lost coins should something happen to the device itself. The one downside to hardware wallets is that they cost around $100 each. But in the long run, it's worth it because you'll be protected against any kind of attack. And if you want to be extra careful, you can use a passphrase or a PIN code with your hardware wallet for extra protection. All the information that you'll need to store securely is on this sheet below. Again, please take care to never invest more than you can afford to lose and only invest as much as you feel comfortable with. Thanks for reading and remember to share this post if you found it helpful!

Step 4 - Building a portfolio

When it comes to investing in cryptocurrencies, there are a few different ways you can go about it. You can buy individual coins, invest in an ICO, or trade on a cryptocurrency exchange. However, the most common (and arguably the smartest) way to invest in cryptocurrencies is by building a portfolio.

When building a portfolio, you want to diversify your investments across a variety of different coins. This way, if one coin goes down in value, your entire portfolio doesn't take a hit. Instead, only a small portion of your investment is affected. Furthermore, by investing in multiple coins, you'll be able to take advantage of different market conditions and potentially make more money overall. For example, if bitcoin's price falls while ethereum's rises, you'll be able to sell off some of your bitcoins and use that money to purchase more ethereum. 

One thing that makes this strategy difficult is knowing which coins to choose for your portfolio. While everyone has their own preferences when it comes to choosing cryptocurrencies, some analysts recommend starting with an index fund- something like coinshares. Index funds allow investors to diversify their portfolios while still maintaining a low risk level- meaning they're not betting everything on one coin just because they think it will do well. Rather, they're spreading out their bets so that if one coin fails, they don't lose all of their money. It also means less work for them as investors. In order to build a successful index fund, you need to find out what coins are the best picks right now- so don't worry! We've done all the research for you! Coinshares does all of this work for you so that all you have to do is decide how much money you want to invest and then wait for your profit checks every month. It couldn't be easier! All you have to do is sign up, select your desired risk tolerance, and watch your profits grow. As long as the crypto market continues to expand and thrive, Coinshares will provide savvy investors with a great opportunity to maximize their returns.

Continuation (six+ sentences): So what are you waiting for? Sign up today! 

This is just a small sample of how we at Coinshares can help you maximize your returns on cryptocurrency investments. We're constantly working on new products and services that will enable us to become one of your best investment resources, so be sure to check back often. We'll see you again soon! 

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Step 5 - Automating your trades

If you want to be a successful cryptocurrency trader, you need to automate your trades. By automating your trades, you can take emotion out of the equation and let your computer do the work for you. There are a number of different ways to automate your trades, so find the method that works best for you and stick with it. For example, on Coinigy you can use Coinigy's trade copier (which is their third-party program) to automatically execute all of your trades at once without having to worry about timing. When an order is executed, the trade copier will then inform all of your social media accounts about what has happened (e.g., I just sold 1 ETH at 995 USD). Alternatively, if you're more technically inclined and want to get more into the code side of things, there are a variety of programming languages such as Python or Java where you could write a script which will execute buy/sell orders on any platform as soon as they become available. So instead of spending hours waiting for your turn on an exchange, you could have your script monitor these markets 24/7 and respond within seconds whenever one becomes active. 

To wrap up this blog post, here are some final tips to help ensure success in trading cryptocurrencies: Have patience when trading - remember that cryptocurrencies are here to stay and nobody knows what will happen tomorrow. Always keep detailed records of every transaction - after all, a penny saved is a penny earned! It's important not to chase trends too far - always ask yourself why before buying or selling anything; wait until prices have fallen considerably before trying to buy back in again. Remember that the only person who should know how much you own is YOU! Secrecy is key in successfully avoiding being hacked. The most common form of hacking is called phishing, which typically occurs when someone emails you pretending to be from a legitimate organization like Facebook or Google asking for your password. However, as long as you are aware of the risks and follow security procedures, cryptocurrency trading can provide you with many years worth of financial freedom and independence. Happy Trading! 

Please leave your comments below if you found this post useful and tell me what kind of content would you like to see next on Coinigy? Is there something else you would like to learn? What is your favorite book? Why did you choose to read it? Did you enjoy reading it? 

What is your favorite book, and why did you choose to read it? Did you enjoy reading it? After reading the first three books in the Hunger Games series, I was hooked. The story revolves around a girl named Katniss Everdeen and her fight to survive in a dystopian world where children must fight to the death in televised games. While many of the themes were difficult to stomach, Suzanne Collins does a phenomenal job of highlighting the atrocities committed by corrupt government systems and comparing them to similar events in history. At first glance, you might think Katniss is simply another strong female protagonist fighting for her life against oppressive forces but she's actually quite nuanced and complex. Her character development throughout the trilogy is beautifully portrayed and is largely responsible for my love of these books. I feel like I've come to know her and genuinely care about what happens to her. This is not a perfect book, of course. Many readers have argued that the writing could be better and the author doesn't always portray the motivations of all characters clearly. But if you are looking for an engaging read with a twist on classic dystopia tropes, this is a great place to start! It is a quick, fun read that may lead you to find new authors and genres to explore. If you're new to the genre, it's hard to go wrong with the first three books in the series. And don't forget- if you enjoyed the Hunger Games, we have plenty of epic fantasy novels and medieval tales waiting for you at Coinigy Books. Check out a few of our best sellers, including The Name of the Wind and A Song of Ice and Fire! Would you like to share your thoughts on this post? Let us know in the comments below. Don't forget to sign up for your free 14 day trial of Coinigy's tools to monitor the market. This will allow you to practice trading, track your portfolio, and execute trades on more than 200 different currencies in a variety of exchanges!