Buying crypto-currency: complete guide
Crypto-currencies (crypto-assets or digital assets as the ACPR officially calls them) have revolutionised the global financial landscape, offering both novice and experienced investors exciting new opportunities. If you’re new to the world of crypto-currencies, this article will give you some pointers on what precautions to take before buying your first crypto-currencies.
How do you get started in crypto?
Learning the basics before investing
Before diving into buying crypto-assets, it’s crucial to understand the fundamental concepts. Crypto-currencies 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-currencies with the confidence that you’ve acquired the skills you need to invest and interact safely and responsibly. So, familiarise yourself with these concepts and pave the way for your adventure into the exciting world of crypto-currencies. Buying crypto-currencies can be an exciting opportunity, but it’s also a commitment that requires a thorough understanding.
Find out about regulations and taxation
Regulations on digital assets vary from country to country, particularly in terms of taxation. As a crypto investor, you must declare your gains in cryptocurrencies, as these profits are subject to taxation. Depending on how often you invest and how much you earn, the applicable tax regime differs.
It is therefore important to keep yourself informed about the latest provisions in force, especially in the evolving regulatory context of crypto-assets. One example is the European Union’s MiCA (Market in Crypto-Assets) law, which aims to harmonise the rules relating to crypto-assets across the EU, affecting the taxation and regulation of European 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 trading.
Choosing a platform to buy crypto-currencies
Choosing the right exchangeExchange platform for crypto assets (Binance, Kraken…) platform is key to buying crypto-currencies safely. Look for reputable, regulated platforms that offer a user-friendly experience. At Banque Delubac & Cie, you can buy crypto-currencies with complete peace of mind, as our security system ensures complete safekeeping of funds against malicious attacks.
What’s more, Banque Delubac & Cie was the first French bank to obtain PSAN (Prestataire de Services sur Actifs Numériques) registration. Our commitment to offering a reliable and secure solution makes our bank the first choice for investing with complete peace of mind.
Securing your crypto-currencies with a wallet
A cryptocurrency wallet is a digital wallet that allows you to store your digital assets and keep them secure. There are two main types of wallet for securing your crypto-currencies: cold wallets and hot wallets.
Cold wallets, often in the form of physical devices such as USB sticks, offer quality security by storing your crypto-currencies offline (disconnected from the internet), keeping your crypto-assets safe from online attacks. This is a solution frequently chosen by investors to store large quantities of crypto-currencies over the long term.
On the other hand, hot wallets, which operate online via software or applications, facilitate day-to-day transactions, but are generally less secure than cold wallets because of their exposure to the internet. Combining the two types of wallet can offer an optimal balance between security and accessibility for using and holding your digital assets.
Monitoring and analysing the market
Monitoring and analysing the crypto-currency market is very important when it comes to making decisions. Favour reliable and recognised sources of information, such as specialised and recognised sites in the field of Web3New web version using blockchain technology. Decentralized, by the users, for the users. and crypto-assets. Beware of over-promising advice on social networks, which can often be biased or motivated by personal interests. It’s also a good idea to follow market trends and technical and fundamental analyses from recognised personalities in the field. Bear in mind that the crypto-currency market is volatile and unpredictable, so a measured and well-informed approach is essential.
Buying the crypto-currencies that suit you
Before you buy, do some thorough research into the different crypto-currencies 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 projects that interest you, read their white papers and examine their long-term potential. Diversifying your portfolio by including several crypto-currencies can mitigate risk.
By carefully choosing the crypto-currencies that match your goals and staying informed about their evolution, you can maximise 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 crypto-currencies 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.
What’s the point of buying crypto-currencies?
Participating in financial innovation
The appeal of buying crypto-assets goes far beyond mere price speculation. The main reason why many investors are interested in crypto-currencies is the rapid evolution of blockchain technology. This revolutionary technology underpins most crypto-currencies and has disruptive potential in many sectors, such as finance, logistics, healthcare and many others. By investing in crypto-currencies, you are indirectly participating in the adoption of this technology, which could shape the future of many industries.
Diversifying your portfolio
Diversifying your investment portfolio is an important strategy for managing risk. Crypto-currencies are a relatively new asset class that can help diversify a traditionalportfolio of stocks, bonds and other types of investments. Buying crypto-currencies can add a little diversity to your portfolio.
However, it is crucial to bear in mind that the crypto-currency market remains highly speculative and carries significant risks. Crypto-currencies are volatile, and it is possible to suffer significant losses. Caution and an informed approach are the key to taking advantage of the opportunities offered by buying crypto-currencies.
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 driven by crypto-assets and blockchain technology. Fascinated by these emerging technologies, we offer banking and financial services to web 3 and crypto companies. Contact us and we’ll give you the opportunity to buy various crypto-currencies such as bitcoin (BTC), ethereum (ETH) and tezos (XTZ).
At Delubac & Cie, we are here to offer you the best investment experience in the fascinating world of crypto-currencies. We are committed to providing you with the highest quality of service, which is what drives us to go the extra mile every day.
L’investissement dans les actifs numériques présente des risques et ne convient pas à tous les investisseurs.
Il revient aux investisseurs de s’informer sur les risques liés aux différents actifs numériques. Il est notamment souligné que les actifs numériques peuvent présenter une volatilité importante et que les investissements en actifs numériques présentent un risque de perte en capital. À ce titre, il est rappelé que les performances passées des actifs numériques qui pourraient être indiquées sur le site de la Banque Delubac & Cie ou sur les documents mis à disposition des investisseurs ne sont pas représentatives des performances futures. Les investisseurs doivent se renseigner sur les technologies afférentes à chaque actif numérique, et leurs risques, notamment de failles, défauts, piratages, erreurs, défaillances de protocole ou d’attaques de celui-ci. La Banque Delubac & Cie ne saurait être tenue responsable d’une mauvaise compréhension des risques associés aux actifs numériques ou des éventuelles pertes que l’investisseur pourrait subir en cas d’erreur sur l’adresse du portefeuille imputable à l’investisseur.
La Banque Delubac a fait l’objet d’un enregistrement dit « simple » soumis aux dispositions de l’article L. 54-10-3 du code monétaire et financier en vigueur avant le 1er janvier 2024 et n’a pas été soumis aux dispositions relatives à l’enregistrement dit « renforcé » introduit par la loi du 9 mars 2023.
Lors de cette procédure d’enregistrement, l’Autorité des marchés financiers a vérifié :
- L’honorabilité et la compétence des dirigeants et bénéficiaire effectifs,
- Que le Prestataire est en mesure de se conformer à ses obligations en matière de lutte contre le blanchiment des capitaux et le financement du terrorisme, de gel des avoirs et d’interdiction de mise à disposition par la mise en place d’une organisation et de procédures.