Buying Crypto is easy with Cryptowise

Top 5 things beginners should do when buying crypto for the first time.

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1. Pick a Trusted Exchange  

The first step is choosing a reliable exchange. This is where beginners will actually buy their cryptocurrency. The right exchange should feel easy to use, offer fair fees, and be available in their region.  

Well-known options like Kraken, Coinbase, or Revolut are often popular starting points because of their simplicity and user-friendly design.  

2. Start With the Big Name Cryptos

The endless list of coins may tempt beginners to try everything at once, but it’s best to keep things simple at the start. Sticking to the most established cryptocurrencies helps reduce confusion and risk:  

- Bitcoin – the original digital currency (Digital Gold)

- Ethereum – powering smart contracts and decentralized apps.  

- Solana – known for speed and low fees.  Popular with meme coins.

These are viewed as the “blue chips” of crypto and are ideal first picks.  

3. Set Up a Wallet  

While exchanges automatically provide a wallet, holding everything there isn’t the safest in the long run. 

Beginners should understand the difference between: 

- Exchange wallets: convenient but controlled by the platform.  

- Private wallets: software apps like MetaMask, Phantom, 1inch and UniSwap or hardware devices like Ledger that give full control to the user.  

Many start with the exchange wallet for convenience, then later move their assets to private wallets as they become more confident.  

4. Start Small and Learn by Doing  

Crypto prices can rise and fall very quickly, so beginners should start with small amounts, say £250 or an amount you’re comfortable experimenting with. Buying the equivalent of a meal out is often enough to get familiar without stress.  

This approach allows new investors to adjust to price movements without feeling overwhelmed.  

5. Think Long-Term and Stay Safe  

The most important lesson for beginners is to avoid shortcuts and focus on safety. A few golden habits include:  

- Never sharing wallet recovery phrases or passwords.  

- Ignoring “too good to be true” offers.  

- Treating crypto as a long-term journey, not a quick win.  

- Be careful of duplicate and copy cat coins with the same names. Centralised exchanges verify the coins.

Decentralised exchanges have many coins with the same name. Be careful and check it’s the verified coin.

By keeping security and patience at the center, new investors are far less likely to make costly mistakes.  

This simple five-step path makes buying crypto less intimidating and much more approachable. With the right exchange, a small first investment, and a focus on safety, anyone can begin building their place in the world of crypto.