
Chess Cryptocurrency START
1. Sometimes I'm playing a game of chess thinking how I have diversified my FINANCES with bullion and CRYPTOCURRENCY. I like BitCoin and Atherium. Ethereum (ETH), a major cryptocurrency, or a different, less-known token called Aetherium (AETH). Ethereum is a decentralized platform for smart contracts and decentralized applications, powered by its native cryptocurrency Ether (ETH). Aetherium (AETH) is a separate, smaller Web3 coin built on the Solana blockchain.
2. If you don't have cryptocurrency,....you should get some. Here are some guidelines:
To get into cryptocurrency, you first choose an exchange or broker, such as Coinbase or Kraken, and create an account using your personal information. After funding your account with fiat currency, you decide which crypto asset (like Bitcoin or Ethereum) to buy and make your purchase. Finally, you store your cryptocurrency in a secure digital wallet to protect it from theft and hacking.
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Crypto Exchanges:These online platforms act as marketplaces where you can trade cryptocurrencies directly. Popular exchanges include Coinbase, Binance, and Kraken
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Crypto Brokers:Some traditional brokerage firms and apps, like Cash App or Robinhood, also allow you to buy and sell crypto
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Sign Up:You'll need to create an account on your chosen platform and verify your identity, a process often called Know Your Customer (KYC).
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Add Funds:Deposit money from your bank account using methods like debit card payments, wire transfers, or ACH transfers.
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Place an Order:Once your account is funded, you can select the cryptocurrency you want to buy and place an order
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Consider a Whole or Fraction:You can purchase a whole coin or a fraction of one, depending on the amount you wish to invest.
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Digital Wallets:Store your cryptocurrency in a digital wallet, which is a virtual location for your funds.
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Hot vs. Cold Wallets:
- Hot Wallets: These are online and accessible from a computer or phone, but they carry a higher risk of cyber-attacks.
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- Cold Wallets: These store your crypto offline, offering greater security from online threats.