To buy other types of cryptocurrencies on Binance, you need to use Bitcoin or Ethereum. This is why we set up a Coinbase account in part one of this article series, which allows you to exchange fiat like US dollars for bitcoin or ethereum. fiat on bittrex will bitcoin ever be regulated Between these two accounts, you will be able to exchange your bitcoin and ether for all of the major cryptocurrencies and some minor altcoins. In this article, I will walk you through setting up an account with an exchange called Binance.

She’s also a popular speaker on the topic of cryptocurrency, and she’s been featured in major media outlets such as Bloomberg, Forbes, and The Wall Street Journal. Casey is a thought leader in the industry, and she’s helping to shape its future. Crypto Casey is a YouTuber who has gained a following for his videos about cryptocurrency.

Second, Cryptocurrency is Highly Risky – Only Invest What You Can Afford to Lose

This step is optional, but if you would like the app to be more secure, disable the “Allow multi–device” option. Back in the security section, enable “protect entire app” and enter your pin again. You can also enable “Touch ID Protection,” if you have that option.

  • Crypto Casey is a well-known investor, trader, and YouTuber in the cryptocurrency space.
  • This includes your name, nicknames, or usernames you’ve used for accounts anywhere online or offline in the past.
  • In a later article, I will teach you about the different types of wallets and storage available for some of the major cryptocurrencies.
  • You will learn everything you need to do BEFORE buying cryptocurrency.

Her channel soon gained popularity as she began sharing her insights and trade recommendations with her viewers. Today, Crypto Casey is one of the most respected names in the cryptocurrency community. She was fascinated by the technology and saw the potential for massive growth in the industry.

Step 2: Buy Bitcoin or Ether on Coinbase

I personally prefer Authy over Google Authenticator, however, some websites only allow 2 factor authentication through Google, so we will set that up as well. I’m going to show you how to set up a brand new email account using ProtonMail. Key Scramblers are great tools that prevent hidden keystroke logging malware from recording your passwords to hack into your accounts by encrypting everything you type in real time. Remember, never rely on one single password to protect your investments. Never use the same password on more than one account to increase security.

  • Now no one else can access your Authy account on any other device except your specific cell phone.
  • As we set up your accounts, make sure you click on the links provided in the guide to access the correct websites safely.
  • She quickly began buying Bitcoin and altcoins and started trading on cryptocurrency exchanges.

The third thing you need to do before buying different altcoins on exchanges is set up corresponding wallets that support the specific cryptocurrency you wish to buy. I am going to show you how to get started in investing in alternative cryptocurrencies, or alt coins, like EOS, NEO, and Iota safely and securely step-by-step. Now that all of your accounts are set up and you’re ready to invest, there’s one more step you need to take. There cryptocurrency wallet guide for beginners are a ton of exchanges out there and I will share other guides with you on how to buy cryptocurrency with trusted altcoin exchanges. This is why it’s crucial to understand what you are doing and learn how to buy cryptocurrency safely and securely before investing any funds. So in this article about how to buy cryptocurrency for beginners, I’m going to walk you through setting up a safe, easy to use, and insured wallet using Coinbase.

Step 10: Record Instructions on How to Access Accounts and Create a Will or Trust in the Event of Death

This new email address should be used exclusively for crypto investments ONLY. DO NOT use an email address you use already and that people know about to open up crypto accounts. Cell phone numbers are used to access a myriad of sensitive data, including banking, crypto, and two-factor authentication applications we will be setting up later on in this article.

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Coinbase has wallets that support Bitcoin, Ether, Litecoin, and Bitcoin Cash. While continuing to learn how to buy cryptocurrency, make sure you ALWAYS enable two-factor authentication on accounts whenever https://cryptonews.wiki/ it is available. This is how it works, when accessing an account, after entering your super secure password, you will be required to input a code that is generated on your 2-factor authentication phone app.

Binance is a Great Cryptocurrency Exchange for Beginners

If you have a PC instead of a Mac want to go one step further to take your security to the max, I recommend downloading and installing a keyscrambler. These are all high-quality cyber security solutions that will help protect your computer from hackers. So, do not rely on one single password to protect your investments.

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These devices store the keys to your crypto offline, so it’s the safest way to store and access cryptocurrency. Now 2 factor authentication should be required when logging into your ProtonMail account. Authy will scan the QR code account and allow you to name the account and select another logo.

She was born and raised in Boston, Massachusetts, and attended Northeastern University. Casey is a 29-year-old cryptocurrency entrepreneur and investor. She’s been involved in the industry since 2012, and she’s seen it grow from a niche interest to a booming global market. Congratulations, you are now prepared to start buying cryptocurrency safely and securely. Allow Authy to access your camera and hold up your cell phone to face the bar code like you are taking a picture of it.