You’ve most likely heard of cryptocurrency one way or another. Whether it be through the mention of the well-known crypto, Bitcoin, or by any other means, you’re probably looking at this article for a reason.
Digital currency is a fascinating thing, and as time goes on more and more people are wanting to be involved with it. But equally so, the task of getting into cryptocurrency can be a daunting one. The community uses scary words that often frighten off people outside of the fold.
This makes getting into digital currency seem scarier than it actually has to be. To alleviate some of these fears, let's look at some of the simplest, and least time-consuming ways to introduce yourself to the crypto community.
One of the first and most fundamental parts of obtaining your first piece of cryptocurrency is having a place to store it. This is most often done through the use of digital wallets.
Just like wallets in real life, a cryptocurrency wallet is a vessel to hold and protect your valuables. These wallets are usually password protected by your private key among other means to protect your crypto. The use of wallets such as Coin Cloud’s digital wallet greatly simplifies the process of trading cryptocurrency and also makes managing the digital currency you own much more clear and concise.
If you’re just looking to obtain your first piece of crypto, or you have some and want a simple way to turn it into cash, Bitcoin ATMs (Digital Currency Machines or DCMs) are the way to go. DCMs allow you to purchase cryptocurrency with physical cash.
Beyond that, Coin Cloud specifically is the only national company that has 100% bidirectional machines. In other words, you can either purchase digital currency with cash, or turn digital currency back into cash at these machines.
Even better, all you really need to do this is what was mentioned above: a wallet! This makes taking the first step towards your initial interaction with crypto profoundly easy. Simply go to one of the Coin Cloud DCMs near you, download the wallet, and make your first transaction in only a few minutes.
The final and possibly most helpful way to make cryptocurrency easy to use is simpler than you might think: to self-educate about digital currency. This is surprisingly an often overlooked step in the process of becoming involved in the crypto-community.
Through the use of various educational tools, including news articles and blog posts, you can become much more versed in digital currency. This will make the process of trading crypto much less confusing and help you learn some of the scary lingo that people often use.
If you’re looking to dip your toes into crypto for the first time, these three things can make the process much simpler, much less frustrating, and far more exciting.
Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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