What’s needed and you need to understand before you start.
1.2 it can take more than one attempt to get anything set up, its normal for most people to have issues.
1.3 you will need to be willing to give personal details to set up any accounts.
Name, address, mobile, email address, date of birth.
1.4 you will need to make passwords and login details for each different part you set up, you will need to keep good records of your passwords and keep them safe.
1.5 you will need to have a clear image of the front and the back of your driver’s licence or passport, if you don’t have either of these, they usually have other option, again you’ll need clear images of them, and the ability to upload them as required.
1.6 all the above will require you to respond to a verification emails or text message and or both, setting each up.
1.7 you will need to choose an exchange;exchanges are where you need to set up your bank account details on, and buy and sell all major crypto coins and tokens.
1.7a for security exchanges require face recognizing images you need a smartphone to do this, it also can take several attempts to get right took me about 20min, be patient its worth doing,it will make buying and selling much easier. Some exchanges give you the option not to do this, it then can take days to get anything verified
1.7b there are several large exchanges tochoose from, I will make a list of exchanges at bottom of this document.
1.7c to start with I would recommend sticking to one or two different exchanges until you feel more comfortable
1.7d most exchanges have all the major crypto coins and a different variety of Alt coin / tokens, if you are after a particular coin it pays to check if the exchange, you’re looking at offers the coin / token.
Also, you need to check if you can use theexchange in your country, you need to do a google search for this.
1.7e Don’t share your account details ……there are plenty of scammers / thieves.
Now to keep it simple 1st you can keep your crypto on the exchange simple you buy it and it’s there in your account or move to a software wallet(app on your phone or browser plugin on desktop) or and hardware wallet (is like USB stick you keep your crypto on) hardware wallets start around $99 up, I’ll add info at bottom of document.
Software wallets are more secure than exchange, hardware wallets are more secure than software wallets…,
You will need to do your own research,always do your own research … (D.Y.O.R Do your own research)
There is a new platform Called Scam or Gem,that is a all in one safe place search and check a lot of info about new tokens #GoogleOfTokens #ScamOrGemhttps://scamorgem.io/ and you can purchase through here ,https://token.scamorgem.io
Its also a great coin to invest in check this out, a token that generates an income, visit this page for more infohttps://t.me/Scam_Or_Gem
Do your own D.D due diligence.
Set up a account on a exchange - In the spirt of keeping it simple ‘binance’ exchange is a great place to start..,setup an account look around watch some youtube video’s etc, D.Y.O.R before you decide to deposit and money.
Again in the sprit of simple ‘Trust wallet ’is a great software wallet to start with..D.Y.O.R before you decide to depositand money.
I am not sponsored by this exchange or software wallet there is nothing in it for me, they are just good places for anovice to start their journey into crypto with. ‘D.Y.O.R on other wallets’
Your Trust wallet is where you can purchase the small cap Alt tokens, ones that are too small or too new to be listed on a large exchange, again this about keeping it simple there are many exchanges and wallets with 1,000’s token, this a great way to learn and use this experience to build your confidence and explore this evolving world.
To purchase new or small tokens, you will need to move your crypto from the exchange to your crypto wallet.
Simple version: Example, here is how you can purchase rug busters
Setup Binance account
Binance transfer bnb to trust wallet
Setup Trust wallet
how to buy with trust wallet; How to buy Rug Busters as example in Trust wallet
Next part will be on scams …….
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