How to Buy Bitcoin: A Guide for New Crypto Investors – NextAdvisor

How to Buy Bitcoin: A Guide for New Crypto Investors – NextAdvisor

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

Once you’ve learned the lingo, accepted the risk, and met your other financial priorities, the next step to crypto investing is actually buying in.   

There are thousands of different cryptocurrencies, but experts say you should take a hard pass on most of them. Crypto values fluctuate by the hour, and this can be especially true for lesser-known coins. Even more established cryptocurrencies like Ethereum and Bitcoin experience their share of volatility, but at least have a greater record of increasing in value over time.

Does Bitcoin Make Sense for You to Invest In?

As with any investment, it’s important to do your research first and understand what you’re getting into. Make sure any crypto investments you make do not get in the way of other goals like funding your retirement accounts and paying off high interest debt. Experts recommend keeping your cryptocurrency investments to less than 5% of your portfolio. 

Bitcoin is a good place for beginner crypto investors to start, according to the experts we’ve talked to. As the first cryptocurrency, Bitcoin has the longest record for investors to consider. Since its creation in 2009, Bitcoin
Source…