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How to invest in cryptocurrencies for the first time: 3 tips to know how to start


Where to start to pay and save in digital currencies. The basic keys.

After a

very turbulent 2022

in the

cryptocurrency market

, this year began with an

encouraging outlook

, with bitcoin rising in price and a market that would outline greater stability.

The months of volatility in cryptocurrencies, changes in monetary policy decisions in the United States, regulations to the sector, million-dollar scams and the collapse of some large projects, caused a reordering of the crypto ecosystem and today a growth outlook is set

. more austere but firm


This is how more and

more people are encouraged to enter the world of the "new economy"

, according to the latest data from the North American consultancy Americas Market Intelligence.

In the report, Argentina is placed among the countries with the highest adoption in the region.

Between 15% and 18% of Latin American adults had purchased cryptocurrencies by the end of 2022, a group in which

Argentines (17%) stood out

compared to smaller percentages of Colombians and Brazilians (14%), Mexicans (9%), Chileans (8%) and Peruvians (7%).


country's inflationary context

explains, in part, this growth hand in hand with the adoption of


, also called digital dollars, as a method of safeguarding value against the lack of access to fiat dollars.


crypto ecosystem presents many opportunities

 but also risks, so before starting to operate it is essential to take into account some recommendations.

After a turbulent 2022 in the crypto market, this year started with an encouraging outlook.

Photo: Reuters

The 3 keys to keep in mind before entering the world of cryptocurrencies

1. Get informed and educate yourself

As a prerequisite to any financial decision,









Free courses abound on the web and there are hundreds of crypto influencers with online videos.

It may also be a good idea to join one of the

crypto communities that exist on networks

such as Bitcoin Argentina, which is a private group on Facebook where members share doubts and help each other.

But for those who want to take it more seriously, today there are already specialized academies on the subject such as Defy Education or CryptoGirls.

2. Open an account on a secure exchange

First of all, you have to choose which

trading platform you are going to operate

with .

The "exchanges" are sites that function as a kind of

"exchange houses" for cryptocurrencies

: they allow you to open a kind of virtual account or wallet through which you can buy, sell or save bitcoins.

To be able to register you only

need ID and a bank account


It is recommended to start with one that has good customer service and a good security ranking.

In Argentina there are several companies that offer this service.

Among the best known platforms are



Satoshi Tango














3. Start by buying a stable cryptocurrency and then encourage yourself to acquire others

"To start on this path, start by

acquiring stablecoins

, stable cryptocurrencies that

do not fluctuate in value

, since they are tied to that of a certain asset," recommends the Chief Revenue Officer of CryptoMarket,

Guillermo Escudero



USD Coin

is a stablecoin (stable cryptocurrency) whose

price is anchored in parity 1 to 1 with the

US dollar, thus avoiding volatility in its value. They are backed by dollar reserves in cash kept in a bank account," he said.

It is very common

to use it as a store of value

 to take refuge against the inflation suffered by Latin American countries, for local or international payments and also to invest in the so-called decentralized finance (DeFi for its acronym in English).

"The most requested assets currently, according to the records of the CryptoMarket platform, are

led by Bitcoin


followed by USDC and ETH

, demonstrating the strong penetration that stablecoins have in the region's market," said Escudero.

Meanwhile, he explained that once the first stable cryptocurrency is achieved, it can

go to a second instance and encourage other cryptocurrencies

such as:


the first cryptocurrency in the ecosystem and also the most famous. 

Ether (ETH):

Ethereum is an open source platform, which is used to execute smart contracts.

It has a native cryptocurrency called Ether, which is the second largest on the market after Bitcoin.

There are

high expectations

around it after the last successful update that the network had, which promises a lower environmental impact and greater speed, as well as the creation of other tokens on its blockchain beyond Ether itself, which allows generating other projects.

This makes Ethereum as a protocol very interesting and its Ether coin strengthens.

Pax Gold:

(PAXG) is also a stablecoin in the form of digital gold backed by physical gold bars and its price is tied to the value of 1 troy oz, so the variations it will have will be the same as those experienced in the traditional market .

Each token is backed by a fine ounce of gold from London Good Delivery.

When you buy PAXG, you own the underlying physical gold, held in custody by the Paxos Trust Company, a regulated financial institution and required to keep your assets safe at all times.


PolkaDot is a blockchain project that aims to create an interconnection infrastructure between different blockchains, as well as improve scalability with respect to other projects and new functionalities.

It should be noted that one of the creators of PolkaDot is Gavin Wood, co-creator of the Ethereum blockchain.

All these factors make your DOT coin have a lot of growth potential.

To start trading with cryptocurrencies, they recommend acquiring stablecoins, stable coins that do not fluctuate in value.

Photo: File

What can be done with cryptocurrencies when they are credited in the virtual wallet?



When you buy cryptocurrencies, you acquire an asset that is deposited in your digital wallet and if it is a volatile currency, the increase in value will depend on whether its price improves or not.

But if it is invested, as in traditional finance, it can increase its value even in passive mode through a concept that in the "Bitcoin world" is known as "Hold" (keep holding one or more cryptocurrencies for a long period of time). of time without selling them).


Make and receive payments:

Anyone can make and receive fast cryptocurrency payments without geographical limits and in just seconds.

According to Ramiro Raposo, the Country Manager of Bitwage, a pioneering platform for payment of fees in cryptocurrencies and digital dollars, "

Argentina is the country that grew the most in Latam in the last year

with an increase of 250% in new users and 350% in of payment orders processed. It is the third country with the highest billing volume in the world. An exporter of services receives average payments of US$4,000 per month in cryptocurrencies."


Buy products:

Although not all companies have this functionality available, it is estimated that in the near future most businesses will have payment methods with cryptocurrencies.

In fact,

33% of Latin Americans have already used stablecoins at some time

to make daily purchases and 51% have already made transactions with some cryptoactive, according to the results of Mastercard's New Payments Index 2022.


Transfer money:

Cryptocurrency transactions are sending cryptocurrency from one person to another.

They are immediate,

they only require a computer and a stable internet connection

, and in most cases, these cryptocurrency transfers cost less than traditional bank transfers.


look also

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Investing in the stock market: how to take the first steps to start boosting your savings

The 6 most common cyberattacks and 10 tips to protect your personal data

What happens to social media accounts when someone dies: the options offered by Facebook, Instagram and Twitter

Finances under control: the 9 apps that help you organize your expenses

Italian citizenship: what is the key document to obtain it and that many are unaware of

Source: clarin

All news articles on 2023-03-27

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