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How to Invest in Crypto

by Sandip Das from
How to Invest in Crypto

Investing in cryptocurrencies can generate high returns if you read this guide on how to invest in crypto step by step. This cryptocurrency investment guide for beginners explains the crucial steps involved in crypto investments in 2025. In this step-by-step crypto investment guide for 2025, we will discuss:

  • What is cryptocurrency?
  • Why should you invest in cryptocurrencies?
  • Who should invest in cryptocurrencies?
  • How to start investing in crypto - 5 main steps of crypto investment
  • Pros and cons of investing in crypto
  • Difference between crypto and traditional assets
  • Staying away from crypto scams
  • 10 essential safety rules of crypto investment

Larry Fink, the Chief Executive Officer (CEO) of the world’s largest asset management company BlackRock, recently said that Bitcoin would revolutionize the financial world. Today, the total market value of the entire crypto market is about $1.25 trillion, while Bitcoin is the market leader. Currently, there are more than 9,000 active cryptocurrencies. In comparison, there are only about 4,300 publicly traded stocks in the USA. So, cryptos provide investors with a booming new asset class that is offering numerous investment options.

Even though the number of options is many, you cannot catch them all. You need to have clear-cut investing strategies before taking a leap into this growing crypto market. So, how to start investing in cryptos in 2025? What are the first steps for a safe start in cryptos? And most importantly for beginners, where to start? Let’s answer all these questions one by one.

1. What is Cryptocurrency

You are likely to have heard about Bitcoin (BTC), Ethereum (ETH), or Dogecoin (DOGE). These are all examples of cryptocurrencies (or cryptos). A cryptocurrency is a digital currency based on cryptography and blockchain. Cryptography is a method of securing information through codes. Blockchain is a distributed database with a series of blocks containing transaction information.

Cryptocurrency transactions are safer, faster (as they don’t require banks or intermediaries), and permanently recorded. So, cryptos are getting increasingly popular as a medium of exchange or store of value as compared to fiat currencies like the US dollar or euro. With greater adoption and usage, the value of cryptos is like to go up. So, cryptos offer excellent investment opportunities. To know more about cryptos, read our complete guide on cryptocurrencies.

If you want to learn more on what is cryptocurrency, follow through the link to our article on the topic. Our experts dove deep into how exactly does it work, what gives it value, and where to use it.

2. Why Should You Invest in Cryptocurrencies?

The main reason one would like to invest in cryptos is that cryptos can potentially give you very high returns compared to other assets like stocks or bonds. Also, if you already invest in these traditional assets, cryptos offer you an additional investment avenue to diversify risks.

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Moreover, cryptos is a new technology with a huge market potential, some cryptos can potentially offer 10X or 100X returns depending on the time horizon. Also, the crypto market never sleeps. So, cryptos can be traded 24/7 because it does not require any bank or other centralized bodies for settlements. But, before you go all in, you must acquire knowledge, research the fundamentals, build an investment strategy, and take a step-by-step approach.

3. Who Should Invest in Cryptocurrencies?

Cryptos is not a traditional asset class. It came into existence only in the last one and a half decades. Cryptocurrencies are based on a novel technology called blockchain. So, cryptos tend to be volatile. In our opinion, crypto investments suit better for the following types of investors:

  • Investors looking for high-risk high-return investment options
  • Relatively young investors starting with their investment journey
  • Investors looking for alternative assets for diversification
  • Investors looking forward to learning the crypto market dynamics
  • Technology enthusiasts
  • Investors with excellent risk-management skills

Additionally, cryptos are high-risk and high-return investment options. You need to evaluate each one carefully before you decide to spend money on it. Another good option to consider is to look for potential promotions that the best crypto exchanges sometimes offer. A good example of such promo is what you get at BTSE with our referral code BTSE, so feel free to take advantage of it when you start your crypto investing journey!

4. How to Start Investing in Crypto - 5 Main Steps of Crypto Investment

Once you have made up your mind, you have to learn how to start investing in crypto one step at a time. We are here to do a bit of hand-holding to make your crypto investment journey safe and profitable. We have broken down the entire crypto investment process for beginners into 5 basic steps.

If you are looking for additional sources on how to invest, and recent news about the market, then make sure to visit https://www.investopedia.com/. Investopedia has been functioning since 1999 and was founded to simplify financial decision-making and to give its readers the confidence to manage every aspect of their financial endeavours.

Step 1: Select the cryptos in which you want to invest.

The first step is to choose a few cryptocurrencies in which you want to put your money. As we just said, there are more than 9,000 cryptocurrencies to pick from. Obviously, we don’t suggest you know about each and every crypto (which may take months, if not years). An ideal starting point would be to know about the top cryptos in the market in terms of market value or the number of users or even trading volume. Next, you can make a choice depending on your understanding of fundamentals, past returns of these cryptos, use cases, reputation, and popularity.

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Here, we must mention one important aspect of selecting cryptos. Not all cryptocurrencies are the same. They differ on the basis of the underlying technology and use cases. For example, Bitcoin is a specific-purpose cryptocurrency, and it is mainly a cryptocurrency for making payments. On the other hand, Ethereum (ETH) is a general-purpose cryptocurrency. This means you can do much more with it in addition to making payments. Here are the top cryptocurrencies based on market value, usage, and popularity:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. BNB (BNB)
  4. XRP (XRP)
  5. Cardano (ADA)
  6. Dogecoin (DOGE)
  7. Solana (SOL)
  8. Litecoin (LTC)
  9. Polygon (MATIC)
  10. Avalanche (AVAX)

So, our suggestion for you is to acquire knowledge about the top cryptocurrencies. Next, you can come up with your list of cryptos to investment.

Step 2: Choose a crypto exchange

Crypto exchanges are your doorways to the crypto market. You need a crypto exchange to buy or sell cryptos. A crypto exchange is a marketplace in which cryptos are bought and sold by users of that exchange. Then use a guide on how to use your chosen crypto, for example, you can learn how to buy Bitcoins from our article - just follow through the link. Also, crypto exchanges offer different crypto-related investment options like crypto ETF, crypto derivatives, crypto staking, Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs).

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For beginners, our advice is to choose an exchange that offers low cost, ease of use, high reputation, and many cryptos. We know it can be a bit overwhelming to select the right crypto exchange given the large number of options. To simplify the process, you can shortlist them using a number of criteria like:

  1. Average trading volume
  2. No. of users
  3. No. of cryptocurrencies supported
  4. Trading fees and commissions
  5. Transparency and reputation
  6. Regulatory status
  7. Trading platforms, apps, and ease of trade
  8. Customer support, customer ratings, and feedback
  9. Safety and security features
  10. Types of crypto wallets supported

We know the number of names on the market is constantly growing. Therefore, to make your search easier, we have a recommended list of crypto exchanges for beginners:

  1. Binance
  2. Coinbase
  3. Kraken
  4. KuCoin
  5. Bybit
  6. OKX
  7. Bitfinex
  8. Bitget
  9. Gemini
  10. LBank

Once you have selected your exchange, you need to create an account, verify KYC, and then deposit fiat currencies (like the dollar or euro) to buy cryptos. Creating an account is often easy and hassle-free. Once your account is ready, and you have verified KYC, you can start buying and selling cryptos.

Step 3: Decide how much to invest in cryptos

Onco you start your crypto investment journey, you need to decide how much funds you want to start with. If you are starting to invest in cryptos for the first time, it’s better to start with a small amount and then gradually allocate more funds as you become more confident. Anyway, the amount of funds to be allocated depends on your income, savings, investment goals, your financial obligations, and risk-bearing capacity.

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While investing in cryptos for the first time, never go all in. Start with a fraction of your total investible funds and then reallocate funds based on your returns or investment strategies. Always, legendary investor Warren Buffet’s classic investment advice - ‘Never test the depth of a river with both feet’. Also, make sure to read our article about the crypto trading strategies for beginners.

Step 4: Pick your wallet to keep your cryptos safe

Once you have bought a certain amount of cryptos, you must now choose the right wallet to keep your cryptos safe. A crypto wallet is basically an online or offline vault that stores your cryptos in digital forms. There are basically two types of crypto wallets - hot and cold wallets. Hot wallets are connected to the Internet, while cold wallets are based on offline storage devices. Read our detailed guide on crypto wallets, their types, and how to pick the right crypto wallet.

Most exchanges provide their wallets to safeguard your cryptos. For most users, this is a convenient practice to keep their cryptos with the wallet provided by the exchange. However, for added safety, our suggestion is to keep all your cryptos in a hardware wallet or cold wallet.

Step 5: Manage your crypto portfolio and risks

Once you have invested in cryptos, you need to keep track of your crypto portfolio and make periodic adjustments. Keep an eye on crypto market developments, news, events, and regulatory changes to update your crypto investment strategies accordingly. Also, you can make changes to your portfolio and investment strategies based on the relative performance of different cryptos in your portfolio.

Another important aspect of this step is risk management. In any investment, there is a close link between risk and return. In general, there is a risk-return trade-off. So, the higher the potential return, the higher the risk. As you can see, you cannot just chase higher returns without taking more risks. If you don't manage your risks appropriately, you may end up incurring losses. Summarily, like any other investment, in crypto investments too, you need to follow the fundamental risk management principles.

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5. Pros and Cons of Investing in Crypto

Crypto investments can potentially generate excellent returns. However, there are some potential downsides too. So, let’s look at the pros and cons of crypto investment to have a balanced view.

Pros of crypto investments

  1. Potential for extraordinary returns
  2. 24/7 trading activities
  3. Fast and secure settlement
  4. High liquidity because of an international market
  5. New asset class
  6. Increasing interest of investors
  7. A great option for diversifying portfolios
  8. A large number of cryptos to choose from
  9. Cryptos have the potential to transform the future of finance
  10. Cryptos enable hassle-free cross-border payments

Cons of crypto investments

  1. High volatility
  2. Involves high risks
  3. Cryptos still have limited real-life use cases
  4. There can be regulatory concerns in certain countries like China

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6. Difference Between Crypto Currencies and Traditional Assets

Traditionally, people invest in various assets like stocks, bonds, currencies, and commodities (Gold, Silver, etc.). Cryptos is a new asset class that originated with the inception of Bitcoin in 2008. Let’s look at some of the main differences between cryptos and traditional investment assets:

Cryptos Traditional assets
Return Has extremely high return potential like 10X or even 100X. Return potential is generally much lower than cryptos.
Volatility Cryptos are highly volatile. It’s common for a crypto’s price to go up or down by 10-20% in a single day. Volatility is much lower than cryptos.
Risk Cryptos are high-risk assets Stocks or commodities involve low to medium risks whereas bonds have low risks.
Trading hours Crypto markets are open 24/7 Traditional assets can be bought and sold for a limited time on a business day.

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7. Staying Away from Crypto Scams

Since crypto is a relatively new technology, most people have limited understanding about cryptos. Also, the potentially very high returns attract millions of new investors to cryptos each year. This is why cases of scams and fraud are also common in the crypto market.

Beware of dubious crypto platforms which have siphoned off investors’ funds. Our advice is that only stick to legitimate crypto assets and platforms for investment. Also, don’t take unsolicited advice from people approaching you on social media regarding crypto investments. These crypto schemes can be scams designed to target unsuspecting investors. Let’s now look at the 10 essential safety rules of crypto investment to ensure the safety and security of your funds.

8. 10 Essential Safety Rules of Crypto Investment

It is easy to get lost when dealing with cryptocurrencies. Follow these important safety rules for beginners entering the crypto market for the first time:

  1. Conduct thorough research on your cryptos or exchange before investing. Invest only in legitimate cryptocurrencies through genuine crypto platforms.
  2. Always manage your risks appropriately to keep your capital safe.
  3. Store your cryptos in hardware wallets (cold wallets) for maximum safety
  4. Never take unsolicited advice from social media regarding crypto investments. These can be potential scams.
  5. Never reveal your cryptos’ private keys to anyone.
  6. Trade only through the official app or website of your crypto exchange
  7. Create strong passwords and use two-factor authentication (2FA) to keep your trading account secure.
  8. Don't click on links or download files sent by unknown senders on emails, social media, or text messages.
  9. Keep yourself updated with crypto market developments to tweak your investment strategies.
  10. Cryptos are high-risk investments. So, never trade with money that you cannot afford to lose.

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9. How to Invest in Crypto - FAQ

9.1 💰 What to know before buying cryptocurrency?

Cryptocurrency is a high-risk, high-reward investment, therefore approach it with caution. Cryptocurrency is mostly unregulated, and there are numerous unknowns aspects about how this new form of currency can develop in the future.

9.2 đŸ€ Is investing in crypto legit?

There are safe ways in which you can invest in cryptos, however you have to beware of scammers who use high pressure methods to make you invest before you have the time to do any research.

9.3 🧍How should you invest in crypto?

Certainly, there isn't one simple way to learn how to invest in crypto, however there are many techniques that you can implement to stay safe while investing in crypto.

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