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What do you need to start trading cryptos?

Getting started with crypto trading might seem like like learning Chinese, but it's actually not that difficult.

Crypto trading can earn you some serious money, but you should also be aware that crypto trading can even more easily result in losing all your money.

So before anything else, trade responsibly!

But if you're just starting to think about crypto trading and are unsure how to do it, what do you need to get started?

Get your money ready

Firstly, of course, you need money. To make money you need to have money to get started with.

The positive thing is that you don't need much. If you want to, you can get started with just $10 or even less.

Choose your crypto wallet

You need to have a crypto wallet where you keep all your cryptocurrencies.

While you can keep your cryptocurrencies in the exchanges you're trading in, it's not really recommended.

Decide on crypto exchange

You need to decide which cryptocurrency exchange you want to start trading in. How to choose?

  • The exchange needs to accept people from your country.
  • The exchange should be trustworthy. So choose some bigger one.
  • The exchange should have lots of different cryptocurrencies available.
  • The exchange should have as low trading fees as possible.
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Siim Einfeldt photo
Author: Siim Einfeldt
I became interested in cryptocurrencies only a bit more than two years ago. Since then I have been in investing in cryptos using different exchanges. And I also launched Cryptolorium.com when I started trading, just to share my crypto journey and my results.