How to Invest in Cryptocurrency in 2023

How to Invest in Cryptocurrency in 2023

Hi, I’m Chris Winter and in this video, I’ll be teaching you how to invest in cryptocurrency!

I believe this industry is still at its infancy…because it’s not even 15 years old.

So if you’re an opportunist like me, then there’s no time wasting so let’s get started.

Why Invest in Crypto

If you’re any interested in cryptocurrency, then you might already know that cryptocurrency is a digital currency that uses a decentralized blockchain system to record transactions in code.

“Decentralized” means no central institution controls it.

Its power to the people….and there are no banks or government regulations.

The people involved are just between the coders, the minors, the validates, the exchanges or wallets, and the investors.

The technology is still being developed and while it’s not perfect yet, just imagine what the next 5-10 years will look like.

I personally think 10 years ago was the best time to invest and the next best time to invest in crypto is now.

I do have to say that I’m not a financial advisor and this video is just for entertainment and educational purposes only.

Be sure to do your own research before making any types of investments but let’s get right into the details.

Choosing a Wallet

Now, before you buy your first crypto, it’s a good idea to first figure out how and where you’re going to store it.

A crypto wallet is a place where you can securely keep your crypto with little fear of hacking or theft.

If you don’t know where to start, look for wallets that are encrypted, created by legit companies with clout, and that’s founder led.

I personally like Electrum Crypto Wallet and Coinbase wallets for starters.

They're easy to use, have an innovative UI (user interface), and have low fees.

If you want added safety, try looking up cold storage options like Nano Ledger.

This means buying an actual hardware much like a USB drive to store your coins.

The popular saying is “not your keys not your coins”.

It refers to the fact that if you’re not using your own personal wallet like a cold wallet or storage, then your crypto doesn’t really belong to you since it’s tied up to a “hot wallet” or just an online exchange or platform.

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I’m Chris Winter and on this channel I make finance videos on:
• Stock Investing
• Best Crypto To Buy & Invest In (Bitcoin, Etherium etc)
• Best Stocks To Buy & Invest In
• Best Online Stock Brokers
• How To Make Money Online
• Affiliate Marketing
• Passive Income
• Shopify
• Amazon FBA
• Print on Demand

On this channel I talk about the following:
#BestOnlineBusinesses
#MakeMoneyOnline
#Cryptocurrencies
#Bitcoin
#Shopify
#AffiliateMarketing
#MakeMoneyFromHome
#OnlineBusiness
#Dropshipping
#SideHustles
#SocialMediaMarketing
#PrintOnDemand
#PassiveIncome
#WorkFromHome
#PaypalMoney
#Investing

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