Notes

The Best GETTING STARTED OFF WITH Crypto
Investing in the Crypto Currency market space could be a little daunting for the original investor, as investing directly in Crypto Currency (CC) requires the utilization of new tools and adopting some new concepts. So if you do opt to dip your toes in this market, you will want to have a very good idea of what to do and what to expect.

Investing CC's requires one to choose an Exchange that deals in the products you want to buy and sell, be they Bitcoin, Litecoin, or the over 1300 other tokens in play. In previous editions we've briefly described the products and services available at a few exchanges, to give you a concept of the different offerings. There are lots of Exchanges to choose from plus they all do things in their own way. Look for the things that matter to you, for instance:

- Deposit policies, methods, and costs of each method

- Withdrawal policies and costs

- Which fiat currencies they deal set for deposits and withdrawals

- Products they deal in, such as for example crypto coins, gold, silver etc

- Costs for transactions

- where is this Exchange based? (USA / UK / South Korea / Japan...)

Be prepared for the Exchange setup procedure to be detailed and lengthy, because the Exchanges generally need to know a lot about you. It is akin to setting up a new bank account, because the Exchanges are brokers of valuables, and they want to be sure that you are who you say you're, and that you will be a trustworthy person to handle. It appears that "trust' is earned over time, as the Exchanges typically allow only small investment amounts in the first place.

Your Exchange will keep your CC's in storage for you. Many offer "cold storage" which simply implies that your coins are kept "offline" until you indicate that you want to do something with them. There are a number of news stories of Exchanges being hacked, and many coins stolen. Consider your coins being in something like a bank account at the Exchange, but remember that your coins are digital only, and that blockchain transactions are irreversible. Unlike your bank, these Exchanges do not have deposit insurance, so remember that hackers are always out there trying everything they can to access your Crypto Coins and steal them. Exchanges generally offer Password protected accounts, and many offer 2-factor authorization schemes - something to earnestly consider to be able to protect your account from hackers.

Given that hackers love to prey on Exchanges as well as your account, we always advise that you use an electronic wallet for your coins. Crypto Currency News It is relatively easy to move coins between your Exchange account and your wallet. Be sure to select a wallet that handles all the coins you want to be investing. Your wallet is also these devices you use to "spend" your coins with the merchants who accept CC's for payment. Both types of wallets are "hot" and "cold". Hot wallets have become easy to use however they leave your coins exposed to the internet, but only on your computer, not the Exchange server. Cold wallets use offline storage mediums, such as for example specialized hardware memory sticks and simple hard copy printouts. Using a cold wallet makes transactions more complicated, but they will be the safest.

Your wallet contains the "private" key that authorizes all the transactions you want to initiate. You might also need a "public" key that is shared on the network so that all users can identify your account when involved in a transaction with you. When hackers get your private key, they are able to move your coins anywhere they want, and it is irreversible.

Despite all of the challenges and wild volatility, we are confident that the underlying blockchain technology is really a game changer, and can revolutionize how transactions are conducted going forward.

If you are prepared to make a speculative investment into this disruptiv
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