Learn more about crypto with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
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Coinbase is a good option for new investors as it has a free cryptocurrency conversion feature where you can trade your crypto for any other token that Coinbase supports.
Other solid crypto brokerages are eToro, Binance and Gemini. Robinhood supports certain cryptos and only supports trading for 5 altcoins.
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Ensure to invest in cryptocurrencies that have a solid team backing the project.
Decentralized finance (DeFi) cryptocurrencies are some of the hottest altcoins of 2021. Altcoins are a general term for any cryptocurrency that is not Bitcoin. DeFi tokens are usually built on Ethereum's blockchain.
The top 5 DeFi tokens ranked by market capitalization:
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A cryptocurrency's price can fluctuate over 10% in one day. It is great if you're looking for high returns, but not for the risk-averse investor.
There is always a risk of losing your money to the market. If you believe in the future of cryptocurrency, holding on to your crypto assets long term may be more valuable.
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