How do you get started in crypto?
You’re probably wondering how to get started in crypto. Here are a few tips for getting started wisely in this ecosystem, which can be complex:
Acquire knowledge and stay informed
As crypto-currencies (crypto-assets or digital assets, as the ACPR officially calls them) are based on decentralized technology, there is no trusted centralized entity from which to launch headlong without a certain level of knowledge. It is therefore essential to understand certain technical and security aspects in order to make informed choices and avoid potentially costly mistakes.
There are many resources available on the Internet. You’ll easily find guides, how-to videos and tutorials to get you started. Social networks are also a great source for keeping abreast of new developments. Be sure to consult reliable sources recognized in the crypto world, such as journalducoin.com or coinacademy.fr. And don’t forget to diversify your research to form your own point of view and compare information.
Discover our educational files to better understand digital assets
Being a fast-moving field, the crypto market requires staying abreast of trends, the latest technological developments and emerging digital assets. Acquiring this knowledge allows us to better grasp the risks in a volatile market and adopt an investment strategy based on in-depth understanding.
Choosing a secure wallet
The issue of safeguarding your digital assets is essential. The secure walletPrice variation of an asset on a given period. protects your cryptos against the risks of piracy and theft. It also gives you control over your private keys, allowing you to act on your assets. There are many different types of wallets to suit everyone’s needs:
- Hardware wallets, which are physical devices disconnected from the Internet to protect your private keys from cyber-attacks.
- Software wallets, which are applications accessible from a computer, tablet or smartphone.
- Online wallets, hosted on online servers, can be accessed via a web browser.
- Paper wallets, which are simply the printing of your private keys and addresses on the medium of your choice.
- Multi-signature wallets, which require several individuals to authorize a transaction.
Invest a small budget and diversify your portfolio
When you do your research, you quickly understand that crypto-currencies (crypto-assets or digital assets) are highly volatile and investments can lead to significant losses. Like any investment, don’t put everything in one basket by diversifying your assets, don’t invest more than you can afford to lose.
It may be a good idea to start with a small amount in order to familiarize yourself with how things work and put your knowledge into practice. Each crypto has its own risk factors, be they technological, governance or market fluctuation issues. By investing in multiple cryptos, you reduce the potential impact of a single cryptocurrency’s underperformance on your overall investment and balance out your gains.
Cryptocurrencies or digital currencies are terms commonly used in the crypto ecosystem. However, the terminology favored by regulators (ACPR and AMF) is crypto-assets or digital assets. This distinction arises because, although often referred to as cryptocurrencies, these assets do not qualify as currencies in the legal sense. They are virtual resources 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, whose value is determined solely by supply and demand.
None of the information contained in this FAQ constitutes investment advice, tax advice, legal advice, or any other type of advice, nor does it serve as an invitation to engage in any form of financial transaction.
Investing in digital assets carries risks and may not be suitable for all investors. It is the responsibility of investors to educate themselves about the risks associated with different digital assets. In particular, it is noted that digital assets can exhibit significant volatilityPrice variation of an asset on a given period., and investments in digital assets involve a risk of capital loss. Accordingly, it is important to remember that the past performance of digital assets, as might be indicated on Banque Delubac & Cie’s website or in documents provided to investors, is not indicative of future performance. Investors should familiarize themselves with the technologies underlying each digital asset and their associated risks, including vulnerabilities, defects, hacks, errors, protocol failures, or attacks on the protocol. Banque Delubac & Cie cannot be held liable for any misunderstanding of the risks associated with digital assets or for any losses investors may incur due to errors in wallet addresses attributable to the investor.
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