
Step-by-Step Guide to Buying Bitcoin for the First Time
Buy Bitcoin First Time Signup with an Exchange Deposit your fiat currency (your local nation’s currency like USD, EUR etc) Buy Bitcoin on the exchange
Read our crypto blog to learn where and how to invest your cryptocurrencies to earn the best interest rates
Here, we have collected all articles about the our crypto investment strategy for 2023. All articles are about how to get the best interest rate for each cryptocurrency. We have identified a strategy that suits our goals very well.
There are other strategies including HODL on a non-custody wallet, leverage trading and more. However, in the article below we present our crypto investment strategy for 2023
No Financial Advice, Information only. Do your own research
Buy Bitcoin First Time Signup with an Exchange Deposit your fiat currency (your local nation’s currency like USD, EUR etc) Buy Bitcoin on the exchange
We will present an easy way to perform Bitcoin and crypto arbitrage trading via a crypto peer-to-peer exchange. Find a crypto exchange where you can
Buy Bitcoin with Lira(TRY) from Turkey Changelly and changeNOW are two non-custodial crypto exchanges accepting users from Turkey and the local currency Lira(TRY)as payment currency.
Buy Bitcoin with Wise(TransferWise) 2023 – No KYC Three crypto P2P exchanges offer the possibility to buy Bitcoin with Wise with no KYC requirements. Bybit,
BitValve Review 2023 Summary Buy Bitcoin and other cryptocurrencies with no, KYC or ID verification requirements up to $1000 Get free signup bonus worth 10
Luno Review 2023 Summary Easiest Bitcoin SignUp Deposit Bonus – Buy EUR 250 Crypto get rewarded EUR 25 in Bitcoin. Luno exchange accept users from
What is Morpher trading app? Morpher is one of the most innovative applications built on Ethereum as we know it. Morpher is a trading application
Dollar-cost averaging is an easily, well-tested, and suitable strategy for many long-term investors. Let’s break this strategy down and sort out why it’s so popular
Is Bitcoin, Gold, or USD the perfect money and store of value? What properties does the market evaluate and demand the ideal money or medium
Why should you buy ETH and HODL as long-term investments? We have summarized the most significant reasons to buy and HODL ETH. Ethereum is relatively
It can be hard to find places to buy XRP for US citizens. We have searched and found the best US crypto exchanges for Ripple
Compared to exchanges, we analyze the alternatives to store Bitcoin on private hardware, software, and wallets. Crypto Wallets Summary Private Hardware Wallets Private Software Wallets
We list the PAX Gold APY interest rates offered by different companies. PAX Gold is a kind of stablecoin since its value is pegged to
We go through the best wrapped Bitcoin BTC wBTC APY interest rates among all available savings accounts. Wrapped Bitcoin BTC is the Bitcoin version on
With YouHodler Dual Asset, you can earn excellent yields up to 365% APR. YouHodler is a great platform where you can earn APY crypto interest
No Financial Advice, Information only. Do your own research
As we see it, there are several different crypto investment strategies. We have chosen to go with the invest and HODL strategy to earn crypto passive income.
There are other investment strategies, some examples are
It´s important to look for the best interest rate if you apply a similar crypto investment strategy as us.
Why?
You might think that 4% or 6% interest rate doesn´t really matter. However, make a calculation over 10 years, 20 years and 30 years to understand and visualize how much this will impact your total crypto holdings over time. We have made a calculation and graph in our article about the best USDT interest rates.
At the same time, it´s important to not forget how important security is. You don´t want to get your cryptocurrencies lost due to a hack, bad business, scam or any other reason.
When we are talking about this, you must understand and manage a diversified crypto portfolio. Read more about crypto risk diversification VS over diversification.
It´s very important to weigh in how the crypto tax will impact your crypto investment strategy.
Pure technically, the tax can ruin your crypto portfolio if you don´t manage it appropriate.
For example, in Sweden you have to pay 30% tax on all gain but you can all deduct losses up to 70%.
Calculation
It´s very important to understand and manage the risks with crypto trading.
How can you manage your risks?
We have used a diversification strategy.
It means that we don’t invest everything in one cryptocurrency and we don´t hold all our cryptocurrencies in one wallet.
On top of this, you can dollar average out in an uptrend and average dollar in during a downtrend. Here, a lot of psychology and timing comes into play and this strategy can be hard to manage if you are a newbie.
The best tip you can get is to create a strategy and follow it, but market movements will probably affect you anyway.
Diversification is important since it will reduce the risk that your crypto portfolio is completely lost due to a hack or business failure.
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