Buy & hold
The easiest way to start with cryptocurrencies is to register on an exchange and purchase one or more crypto’s.
If the bought crypto rises in value you can sell it for a profit. This is similar to buying stocks on the stock market through a broker. The hard part is picking the right tokens to buy.
Complexity
Buying cryptocurrencies through most exchanges is very easy. It gets a bit more complex if you are looking for some smaller marketcap coins that are not listed on the big exchanges.
Time
Registering to an exchange takes a bit of time, but once registered and verified it only takes a few minutes to deposit money and purchase cyrptocurrencies.
Buy & hold
Complexity
Time
Risk
Profitability
Risk
The risk is fully dependant on the cryptocurrency that you buy and hold. Compared to normal stocks and investments the volatility and risk seem very high. But as almost all crypto projects require you to hold a certain type of currency, we express the risk of holding top cryptocurrencies like Bitcoin as 0 risk as this is the standard in the crypto world. Almost all strategies require holding atleast some form of cryptocurrencies. With that said, every crypto has its own risk level, and it is advised to read detailed information about the cryptocurrencies you wish to purchase.
Profitability
Profit is made by the rise of value of the held cryptocurrencies. As our website is purely based on cryptocurrencies the risk and profitability are based on the market average. Buying and holding is a very low risk strategy when picking higher marketcap coins, and becomes more risky and possible more profitable with lower marketcap coins. Still the risk on even the highest marketcap coins is considered much higher compared to stock investments. So be wairy that there is always a significant risk.
Start buying and holding
EarnCrypts is working on comparing the top exchanges. Return later to this page late to find out more about different exchanges. For now we recommend using the biggest exchange in the world, Binance.
