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beginner
June 13, 2022
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how to start investing in crypto easy?

When people who are not familiar with cryptocurrency want to start investing, they are normally put off by the sheer amount of information that needs to be digested in order to get started. However, it really is not so daunting once you learn the basics. After that, each action becomes second nature, just like riding a bike. In this article, maxxer has compiled a starter’s guide on how to invest in crypto the easy way; a step-by-step handbook that complete beginners can use to ease themselves into their first investment.

After familiarising yourself with this guide, you will be able to easily setup an account on any exchange and purchase whatever cryptocurrency you are looking to buy.

There are several crypto exchanges where you can buy & sell cryptos on; we will be using the maxxer exchange as the example in this article: it is tailored to beginners and even has Social Trading features to make crypto investing even easier and exciting. So here you are at the ‘Log in/Sign up’ page on maxxer. All centralised exchanges require users to create, and verify, an account before they can start purchasing crypto with fiat currency - so this is what you are prompted to do before anything else:

*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.

This is a very straightforward process, and a regulation that centralised exchanges (CEXs) must abide by - it will take a maximum of 10 minutes to upload the relevant information, and a short while longer for maxxer to verify it. Once this is done, you will have your maxxer account and digital wallet ready to make your first deposit and invest in your crypto of choice! Digital wallets are where your purchased cryptos are stored. Every single wallet is unique, and consists of a long line of (26-35) characters.

So here we are: maxxer account created and verified and wallet setup complete. Now it is time to make your first deposit from your currency of choice - let’s use €500. On maxxer, you make deposits by transferring to the relevant bank account with a unique reference. Once the €500 is transferred your funds will land in your maxxer account, ready to purchase any crypto listed on the maxxer exchange; in this case we will use the $MXXR token as an example.

Now you have your euro on your maxxer account you are ready to buy $MXXR tokens. You click on the ‘Swap’ tab where you can trade one currency for another on the exchange. You then select your euro you have deposited and the $MXXR token to be purchased, confirm the amount you will pay of €500 and the amount of $MXXR you will get at the time of purchase.

Once you confirm your trade, you will now be the proud holder of 5,555.56 $MXXR. Your tokens are stored in your maxxer digital wallet, which is created automatically when you sign up for an account. You can trade these tokens, hold them, or transfer between other digital wallets as you wish. They are unequivocally yours! maxxer prides itself on the security of its systems, ensuring that any attempted breach is neutralized immediately with as little need for human interaction as possible.

It really is this simple, all exchanges have very similar processes, but maxxer offers features that other exchanges don’t - like copy trading. When you create an account on an exchange, your unique digital wallet is setup where any tokens you purchase will be held, and you can interact with them as you wish. This article outlines the absolute basics for any beginner, once you have set your account up and get used to navigating an exchange, buying & selling crypto really does become as easy as riding a bike. Now you just need to find out some trading tips, see our article on how to make money with crypto here.

*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.

how to start investing in crypto easy?

When people who are not familiar with cryptocurrency want to start investing, they are normally put off by the sheer amount of information that needs to be digested in order to get started. However, it really is not so daunting once you learn the basics. After that, each action becomes second nature, just like riding a bike. In this article, maxxer has compiled a starter’s guide on how to invest in crypto the easy way; a step-by-step handbook that complete beginners can use to ease themselves into their first investment.

After familiarising yourself with this guide, you will be able to easily setup an account on any exchange and purchase whatever cryptocurrency you are looking to buy.

There are several crypto exchanges where you can buy & sell cryptos on; we will be using the maxxer exchange as the example in this article: it is tailored to beginners and even has Social Trading features to make crypto investing even easier and exciting. So here you are at the ‘Log in/Sign up’ page on maxxer. All centralised exchanges require users to create, and verify, an account before they can start purchasing crypto with fiat currency - so this is what you are prompted to do before anything else:

This is a very straightforward process, and a regulation that centralised exchanges (CEXs) must abide by - it will take a maximum of 10 minutes to upload the relevant information, and a short while longer for maxxer to verify it. Once this is done, you will have your maxxer account and digital wallet ready to make your first deposit and invest in your crypto of choice! Digital wallets are where your purchased cryptos are stored. Every single wallet is unique, and consists of a long line of (26-35) characters.

So here we are: maxxer account created and verified and wallet setup complete. Now it is time to make your first deposit from your currency of choice - let’s use €500. On maxxer, you make deposits by transferring to the relevant bank account with a unique reference. Once the €500 is transferred your funds will land in your maxxer account, ready to purchase any crypto listed on the maxxer exchange; in this case we will use the $MXXR token as an example.

Now you have your euro on your maxxer account you are ready to buy $MXXR tokens. You click on the ‘Swap’ tab where you can trade one currency for another on the exchange. You then select your euro you have deposited and the $MXXR token to be purchased, confirm the amount you will pay of €500 and the amount of $MXXR you will get at the time of purchase.

Once you confirm your trade, you will now be the proud holder of 5,555.56 $MXXR. Your tokens are stored in your maxxer digital wallet, which is created automatically when you sign up for an account. You can trade these tokens, hold them, or transfer between other digital wallets as you wish. They are unequivocally yours! maxxer prides itself on the security of its systems, ensuring that any attempted breach is neutralized immediately with as little need for human interaction as possible.

It really is this simple, all exchanges have very similar processes, but maxxer offers features that other exchanges don’t - like copy trading. When you create an account on an exchange, your unique digital wallet is setup where any tokens you purchase will be held, and you can interact with them as you wish. This article outlines the absolute basics for any beginner, once you have set your account up and get used to navigating an exchange, buying & selling crypto really does become as easy as riding a bike. Now you just need to find out some trading tips, see our article on how to make money with crypto here.

*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.

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beginner
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June 13, 2022
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