How to buy cryptocurrencies: complete guide
Crypto-currencies have revolutionised the global financial landscape, offering both novice and experienced investors exciting new opportunities. If you’re new to the world of crypto-assets, this guide will give you some pointers on the precautions you need to take before buying your first crypto-currencies.
Learning the basics before investing
Before diving into buying cryptocurrencies, it’s crucial to understand the fundamental concepts to maximise your success and minimise risk.
Cryptos are digital assets based on blockchainA blockchain is a type of distributed ledger technology. It is a huge database formed by blocks,cryptographically linked to each other, containing information such as transactions. These blocks are addedfollowing technology. Take the time to learn key terms such as blockchain, digital walletPrice variation of an asset on a given period., private keyOne of the two components of a crypto wallet, it gives the digital assets’ ownership and must stay
confidential., public key… With this solid understanding, you’ll be able to navigate the exciting world of crypto-assets with peace of mind.
What’s the point of buying cryptocurrencies?
A promising investment in the evolution of technology
The appeal of buying crypto-currencies goes far beyond mere price speculation. The main reason why many investors are interested in crypto-assets is the rapid evolution of blockchain technology. This revolutionary technology underpins most cryptos and has disruptive potential in many sectors, such as finance, logistics, healthcare and many others. By investing in cryptocurrencies, you are indirectly participating in the adoption of this technology, which could shape the future of many industries.
Crypto trading to diversify your asset portfolio
Diversifying your investment portfolio is an important strategy for managing risk. Cryptocurrencies are a relatively new asset class that can help diversify a traditional portfolio of stocks, bonds and other investments.
However, it is crucial to bear in mind that the cryptocurrency market remains highly speculative and carries significant risks. Cryptos are volatile, and it is possible to suffer significant losses. Caution and an informed approach are the key to taking advantage of the opportunities on offer.
Choose to buy the cryptocurrency that’s right for you
Before you buy, do some thorough research into the different cryptocurrencies available. Bitcoin (BTC) and EthereumSecond most important crypto asset by market capitalization. Ethereum blockchain has been launched
in 2015 by Vitalik Buterin, it is also used for other applications such as DeFi and NFTs. (ETH) are the best known, but there are thousands of other options. Identify the ones that interest you, read their white papers and examine their long-term potential. Diversifying your portfolio by including several crypto-assets can mitigate risk.
By carefully choosing the crypto-currencies that match your goals and staying informed about their evolution, you canmaximise your chances of success in this ecosystem. Whether you’re looking for long-term stability or are ready for riskier challenges, the key is to make informed and considered decisions based on your preferences and financial goals. Buying digital assets can be an exciting adventure, and with the right preparation, this type of asset can become a lucrative and interesting component of your investment portfolio.
How do you choose a platform to buy cryptocurrencies?
Choosing the right exchangeExchange platform for crypto assets (Binance, Kraken…) platform is key to buying cryptocurrencies safely. Look for reputable, regulated platforms that offer a user-friendly experience. At Banque Delubac & Cie, the first French bank to obtain PSAN registration, you can buy cryptocurrencies with complete peace of mind, as our security system ensures complete safekeeping of funds against malicious attacks. Our commitment to offering a reliable and secure solution makes our bank the first choice for investing with complete peace of mind.
Delubac & Cie, a crypto-friendly bank
We are an independent, family-owned bank founded in 1924. For ten years now, we have been convinced of the revolution being driven by crypto-assets and blockchain technology. Fascinated by these emerging technologies, we offer you the opportunity to buy cryptocurrencies such as, bitcoin (BTC), ethereum (ETH) and tezos (XTZ). We are committed to providing you with the highest quality service, which is what drives us to go the extra mile every day.
Thanks to this comprehensive guide, you are ready to take your first steps into the world of crypto-assets with confidence and security At Banque Delubac & Cie, we’re here to offer youthe best investment experience in the fascinating world of cryptos.
Frequently asked questions
How do you get started in crypto?
To get started investing in crypto-assets, a well-informed and considered approach is essential. Start by gaining a solid understanding of the fundamentals of blockchain and the various cryptocurrencies, including Bitcoin and Ethereum.
Explore a variety of educational resources, such as online articles and video tutorials, and take part in discussion forums to keep abreast of market trends and developments.
It is also very important to define your investment strategy by assessing your goals and risk tolerance, given the inherent volatilityPrice variation of an asset on a given period. of the cryptocurrency market.
Finally, practise rigorous security, using measures such as two-factor authentication and keeping your private keys confidential.
Where can I buy bitcoins?
Bitcoin can be purchased through a variety of platforms, each offering its own unique advantages. Online crypto-assetDigital asset based on cryptography principles. Peer to peer traded, on a decentralized network, thanks to Distributed Ledger Technologies such as blockchain. The user is integrated into storage and transaction exchange platforms are generally the most common starting point. These platforms offer a user-friendly interface to facilitate the purchase, sale and secure storage of bitcoins.
It is important to consider transaction costs and the reputation of the platform to ensure the security of your investments.
Another option is to use peer-to-peer (P2P) platforms, which allow you to buy bitcoins directly from other users, often with greater flexibility in terms of payment methods.
For those who prefer a more tangible approach, Bitcoin Automated Teller Machines (ATMs) are an interesting, if less widespread, alternative.
How much should I invest in crypto?
When it comes to deciding how much to invest in crypto-assets, caution and strategic planning are the order of the day. A golden rule in crypto investing, as in any other area of investment, is to never invest more than you can afford to lose. The volatile nature of the cryptocurrency market makes a measured approach essential.
Starting with a modest investment is wise, especially if you are new to this ecosystem. Diversification is also crucial. Instead of concentrating all your funds in a single cryptocurrency, consider spreading your investments across several assets to reduce overall risk.
Investing in digital assets involves risks and is not suitable for all investors.
Investors should inform themselves about the risks associated with the various digital assets. In particular, it is emphasised that digital assets can be highly volatile and that investments in digital assets present a risk of capital loss. In this respect, investors are reminded that past performance of digital assets, which may be indicated on the Banque Delubac & Cie website or in documents made available to investors, is not representative of future performance. In addition, investors should inform themselves about the technologies related to each digital asset and their risks, like flaws, defects, piracy, errors, protocol failures or attacks thereon. Banque Delubac & Cie cannot be held responsible for any misunderstanding of the risks associated with digital assets or for any losses that the investor may incur in the event of an error in the address of the portfolio attributable to the investor.
Banque Delubac was the subject of a “simple” registration subject to the provisions of article L. 54-10-3 of the Monetary and Financial Code in force before 1 January 2024 and was not subject to the provisions relating to the “enhanced” registration introduced by the law of 9 March 2023.
During this registration procedure, the Autorité des marchés financiers (Financial Markets Authority) verified:
- The integrity and competence of the managers and beneficial owners,
- The ability of the Service Provider to comply with its obligations in terms of the fight against money laundering and terrorist financing, the freezing of assets and the prohibition on making assets available, by putting in place an organisation and procedures.