Beginners guide

When we first started investing in cryptocurrency we was lost, there was so much information to take in, so many questions to find a answer for. In this guide we going to guide you through the basics you need to know before you start to invest in cryptocurrency.


The most common place where people buy and trade cryptocurrency is on exchanges. Exchanges are places where you can buy and sell crypto using fiat*. There are multiple measures to judge the reliability and quality of an exchange, such as liquidity, spread, fees, purchase and withdrawal limits, trading volume, security, insurance, user-friendliness.

The biggest difference between a crypto exchange and a traditional stock exchange is that the crypto exchange never sleeps, its online for trading 24/7.

*Fiat = Any money declared by a government to be legal tender, for example USD/EUR.

Here is a list of recommended exchanges:

  • Coinbase

    Based in USA, Coinbase is one of the biggest exchanges on the market, it is a very friendly looking exchange, easy to understand and to start investing in crypto.

    Visit now Read more
  • Binance

    Based in Hong Kong, Binance is a large exchange who offers over 100+ alternative cryptocurrencies for trading.

    Visit now Read more

    Based in UK, Cex is a former cloud mining service who now works as an Exchange. Offering some of the most popular coins for buy/sell/trade.

    Visit now Read more

Most Exchanges are not regulated, invest at your own risk.


Wallets works like your Cryptocurrency bank account, different wallets store different currencies.

Before you start trading, you need a wallets to store your assets, the easiest way to obtain one is to sign up at a exchange that allow you to buy, sell and trade cryptocurrencies. Coinbase for example, gives you a wallet for Bitcoin, Litecoin, Etherium and Bitcoin Cash.

Every wallet has its own unique address, so if you have a account on multiple exchanges you will have unique wallets on every exchange. A wallet address is a very long string of characters, called a hash.

Other ways of storing your assets can be for example a hardware wallet, we will cover this in a different guide, stay tuned.

Security & safety

Most people get scared when they start to read about cryptocurrencies, there is many horror stories out there, about stolen Bitcoins, hacked accounts and exchanges etc. Its very important to take every security measure possible.

There is two very important things you have to use from day one, strong passwords (that you haven’t used anywhere else) and two-factor authentication (2FA). Two-factor authentication is an enhanced security measure requiring a second passcode in addition to username and password. I recommend using Google Authenticator.


The most important thing to do, is to research.

  1. Whitepaper – Read the whitepaper of the coin, the whitepaper includes everything you need to know about the coin.
  2. Team – What kind of team are behind the coin? What experiance do they have? Reputation? Their background?
  3. Technology – What technology is the coin based of? Is it solving a problem?
  4. Timeline – Do they have a roadmap? What is the goals? Long-term plan?
  5. How long should I stay in this? Do I have a exit plan?
  6. Does it have a real-world use case?

Recommended apps

Delta and Blockfolio is two apps to keep track of your investments. With the possibility to track over 2000+ currencies, the two apps are by far the best ones out there today.

We found Delta the best one because of its friendly look and easy to use navigation. Blockfolio on the other hand, includes a news feed for those who wants that. Both apps can be downloaded from App Store and Google Play.