Cryptocurrency is purchased through a platform known as an exchange. When you use an exchange, you are exchanging your “fiat” (money established by government regulation, such as US dollars) for cryptocurrency.
Coinbase is a great place to start your crypto journey. Once you become acclimated to the crypto space, switch over to Coinbase Pro to get access to lower trading fees.
Swan Bitcoin is a Bitcoin-only exchange that allows you to accumulate Bitcoin with automatic recurring buys and/or instant buys.
Coinbase Pro has the lowest trading fees of any exchange.
Cryptocurrency is stored within a wallet. A crypto wallet includes both a public key and a private key.
The public key is a string of letters and digits that serves as the public id number for your wallet. When you make crypto transactions, you provide this string.
The private key is a password for your wallet made up of 12 or more randomly generated words. It allows you to manage and access your cryptocurrency funds. Do not lose this key, and do not give it to anyone else.
The wallet can either be a hot wallet or a cold wallet. To learn the difference, click here.
Celsius is a centralized lending platform based on blockchain technology. People can borrow from Celsius or deposit cryptocurrencies with the company to be lent out. In exchange, they will receive interest. Learn More
When you own crypto, what you really own is a private key that gives you access to your coins. You need to keep this key completely safe. The Ledger Nano X wallet is the best way to own and secure this key.