Getting Started With Cryptocurrency

You are new to crypto? Here's our four step guide to getting in the game.

STEP 1: Get Educated

While investing in cryptocurrency has analogs to investing in other asset classes, there are many facets that are unique and require some knowledge. Also, there are tons of scams, con artists, thieves and bad actors, so if you don't want to get played, you need some knowledge of what you are doing. Here are three resources to get you started.

What is Cryptocurrency

If you prefer reading, this article What is Cryptocurrency: Everything You Need To Know [Ultimate Guide] is a great getting started guide.

blockgeek

How Cryptocurrencies Work

If you prefer video, check this video out:

On-Ramping With Dee

If you prefer listening, check out this great starter podcast.

on ramp

STEP 2: Buy Some Coins

Okay, now that you "get it," you need to exchange some of your hard earned dollars for some coins. Here are some services that we recommend which will allow you to convert your "fiat" currency into cryptocurrency.

Coinbase

Coinbase is one of the oldest and most reliable players in the space. They make getting into cryptocurrency simple and easy. You can buy Bitcoin, Ether and Litecoin using a credit card or directly connecting a bank account. Click the logo below to create an account.

coinbase

CEX.io

CEX.io is an exchange for trading Bitcoin and Ether. It also allows purchase with either a credit card or linking a bank account. It is more sophisicated than Coinbase, allowing for margin trading and other more advanced trading options. Click the logo below to create an account.

cex

STEP 3: Get A Hardware Wallet

If you've been paying attention thus far, you will have realized that YOU CAN BE YOUR OWN BANK with cryptocurrency. But to take that plunge, you need to be responsible for your own private key(s) and not rely on an exchange to hold them. The safest, most secure way to do so is by using a hardware wallet. Here are some recommended vendors:

Ledger Nano S

For the most security, use a hardware wallet like the Ledger Nano S. This device protects your secrets and private keys. This device is simple to use and gives you the peace of mind for securing your cryptocurrency assets.

Ledger Wallet protects your bitcoins

Trezor

TREZOR is a single purpose device which allows you to make secure cryptocurrency transactions. With TREZOR, transactions are completely safe even when initiated on a compromised or vulnerable computer.

Trezor

STEP 4: Use EFOLIO To Track, Analyze and Diversify your portfolio

Now that you are in the game, use our tools to stay in the game!

Track And Analyze

Use our portfolio tools to visualize your portfolio and understand how it is doing.

Diversify

With our Shapeshift integration, you can diversify your portfolio by adding additional coins.