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  1. Home
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  3. Bitcoin
  4. Important things about bitcoin.

Important things about bitcoin.

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  • M Offline
    M Offline
    Max_theWalt
    wrote on last edited by
    #1

    As a beginner to this crypto world, what do I need to learn about bitcoin? How can I invest, and which platforms are suitable to start?

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  • M Offline
    M Offline
    Mark
    wrote on last edited by
    #2

    The first thing you need to understand is that the cryptocurrency market is large and risky due to its volatility. So you have to be very careful before investing. Then you need to learn how bitcoin works (blockchain) and its decentralized nature.

    Then, types of wallets, which one is the best to store your bitcoins (https://fincuss.xyz/topic/126/how-can-i-secure-my-bitcoins/2), private keys, and all the tax implications (https://fincuss.xyz/topic/72/how-does-taxation-work-with-cryptocurrencies/2).

    For investing, which are the best trading platforms available, like Coinbase, Cash App, or Kraken? And out of all, which is the best user-friendly platform?

    Start investing with small amounts because of the risk factor. Dollar-cost averaging (DCA) would be the best option for you, where you start investing with $1 on a weekly or monthly basis as well.

    So before investing, stay updated and do your own research and beware of any scams or traps.

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