Cryptocurrency and the blockchain is a complex topic that is not easily grasped by most. However, the good news for you is that you need not become a blockchain prodigy to make some passive income.
The best time to invest was 10 years ago; the second best time is now
The best time to invest was 10 years ago; the second best time is now
Buying Your First Coin
In order to begin making a passive income stream based in cryptocurrency, we must first acquire some.
- First, find an exchange that fits your needs. The table below gives a brief overview of a few top exchanges, however the best exchange will vary person to person.
- KYC: Know your customer: Some exchanges will ask you to verify your identity using government ID, this process takes anywhere from 10 min to a few weeks.
- Once you connect your bank, you are ready to make your first purchase.
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Coinbase
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Binance
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Bisq
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Kraken
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NDAX
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If you are interested in acquiring crypto but are unwilling / unable to spend any money as an initial investment there are a few options. Look at earning free crypto through Games , faucets, and Coinbase
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Now you have your account set up and ready to go , and as with most things it is not enough to simply buy what ever coin you like the name of and make profit .
Before investing a dime make sure you are aware of and follow these two golden rules .
Now you can begin your decision on which coin to purchase, depending on your risk tolerance , long term goals, preference on staking amongst other variables |