The cryptocurrency market is in a hype state as we speak. Everyone wants in, everyone is talking about big gains, big fluctuation, some scams and, in general, great opportunities. Newcomers need help navigating this gold rush and that’s why we at Coinvision have created this quick 5 step tutorial.

1. How-to Invest In
Cryptocurrency In 5
Easy Steps

2. Introduction
The cryptocurrency market is in a hype state as we speak. Everyone wants in,
everyone is talking about big gains, big fluctuation, some scams and, in
general, great opportunities.
Newcomers need help navigating this gold rush and that’s why we at
Coinvision have created this quick 5 step tutorial.

3. Step 1: Understand
The Concepts Behind
Cryptocurrency

4. Chapter Introduction
Before starting investing in cryptocurrency it’s important to understand the
basic terminology. On this article we’re going to talk about Blockchain, Bitcoin,
Ethereum, ICOs and cryptocurrency.

5. Blockchain
Blockchain is a distributed ledger technology that became a trusted way to
track the ownership of assets without the need for a central authority, which
can speed up transactions and cut expenses while bringing down the chance of
fraud.
It works like a distributed database that is used to maintain a continuously
growing list of records, called blocks. Each block contains a timestamp and a
link to a previous block. A blockchain is typically managed by a peer-to-peer
network collectively adhering to a protocol for validating new blocks.
The very first advantage of blockchain is that, by design, this technology is
inherently resistant to modification of the data.

6. Blockchain
Infographic source: The Block Geeks

7. Blockchain
Often described as the new internet, this technology can completely change
voting systems, fraud detection, financial services and disrupt industries like
banking, music, insurance and others.
The first blockchain was created by Satoshi Nakamoto in 2008 and
implemented the next year as a center component of the digital currency
bitcoin, where it serves as the public ledger for all transactions.

8. Bitcoin
Blockchain was born at the same time as Bitcoin. When Bitcoin was released as
open source code, blockchain was wrapped up together with it in the same
solution.
Bitcoin is simply the first application of blockchain, allowing users to transact
directly, peer to peer, without a middleman to manage the exchange of funds.
Bitcoin is the first digital currency, created and held electronically. It’s not a
printed currency, like dollars or euros. It’s produced by people, and
increasingly businesses, running computers all around the world, using
software that solves mathematical problems. No one controls it.

9. Ethereum
Ethereum came way later than Bitcoin, but represents yet another great
disruption: it democratized the access to blockchain by developers and
entrepreneurs.
Announced in 2014 and launched in 2015, it works as a decentralized platform
for applications that run exactly as programmed without any chance of fraud,
censorship or third-party interference.
Since it’s launch, it has served as a base platform for hundreds of new projects,
that thanks to Ethereum can run their own crowd sales and develop their
blockchain projects.

10. Initial Coin Offer (ICO)
An ICO is a crowdsale similar to a typical crowdfunding process (Kickstarter
like), but it uses cryptographically secured blockchain tokens to fund the
development and operation of the specific project.
It can be applicable to one of three types of blockchain projects:
● A platform-layer blockchain (such as ethereum or Lisk)
● An organization that operates on a blockchain (known as a decentralized
autonomous organization (‘DAO’), or a centrally organized distributed
entity (‘CODE’)
● A decentralized application (‘dapp’) that runs on a platform-layer
blockchain.

11. Initial Coin Offer (ICO)
In a typical ICO, new tokens are issued in a crowdsale in exchange for bitcoin
or ether, and then, if sufficient demand exists, digital currency exchanges will
make a market so they can be traded.
This new fundraising approach, while still in its infancy, is being hailed as a
way to decentralize and disintermediate venture capital, creating new sources
of funding for entrepreneurs and new investment opportunities for
individuals.

12. Cryptocurrency
Cryptocurrencies are a subset of alternative currencies (altcoins) that were
often generated after successful token sales.
These derivatives also use decentralized control and are in a vast majority
designed to gradually decrease production of currency, placing an ultimate cap
on the total amount of currency that will ever be in circulation, mimicking
precious metals.
These characteristics turn altcoins into a very interesting asset for traders and
Coinvision’s purpose is precisely to help new investors learn and access the
best investment and trading opportunities in the cryptocurrency world.

13. Step 2: How-to Buy
Your First Crypto
Coin

14. Chapter Introduction
Now that you know the basic principles behind blockchain and cryptocurrency
let’s move the most exciting step: buy your first crypto coin.
For this task there are plenty of platforms that we can use, but today we’re
going to center in Coinbase, a digital asset exchange company headquartered
in San Francisco.
The reason for this decision is based on the fact that Coinbase is one of the
most credible platforms to buy Bitcoin, Ethereum or Litecoin. They’re well
funded, it’s simple to use and accept on a vast number of countries. They’re
well funded, simple to use and accepted on a vast number of countries.

15. Tutorial
1. Create an account and verify your email

16. Tutorial
2. Go through the validation process

17. Tutorial
3. Connect your bank account or credit card

18. Tutorial
4. Buy your first Bitcoin, Ethereum or Litecoin
Now it’s time for your first decision, as you can start by
buying one of these three coins. It’s important to know
that the vast majority of exchanges trades are based in
Bitcoin or Ethereum.
So we recommend that you start with one these coins.
Example shown is with Bitcoin.
Note: if you’re buying with credit card there will be a
weekly limit.

19. Tutorial
5. Check your wallet in “Accounts” to see if the purchase was successful.
Now that you already have your first crypto coin is time to start with an
exchange platform.
Extra: You can also buy coins in other platforms, some are simple pay and get
coins, like Changelly, other are exchanges and will require more time in terms
of validation. Some examples:
Changelly
Kraken (Exchange)
Poloniex (Exchange)
Bittrex (Exchange)

20. Step 3: Start Trading
On The Right
Exchanges

21. Chapter Introduction
Yey, so we already went through know how-to buy cryptocurrency and we’re
ready to start trading! First, let’s go to some simple concepts:
1. Once you buy coins they’re stored in a digital wallet. If you’re not trading,
there are several ways of storing your coins: keep the coins on a web-
based service; download a software and store in your computer’s drive; a
“vault” service that keeps your coins protected offline.
2. For trading purposes you’ll have to have your coins on the exchanges’
wallets.
3. Your wallets always have an associated address, an unique hash key, also
associated to a QR code.
4. If you want to receive or send coins, you just need to use the address.
Important: if you send to the wrong address you will loose all your coins,
so very careful every time you move your coins.

22. Start Trading
Now that we have this clarified, let’s start trading. For example purposes we’re
going to use Bittrex exchange platform. It has credibility, a lot of coins and
volume. Other credible exchanges are: Kraken, OKCoin, GDAX, Bitfinex.
Note: Always check if the exchange you’re going has enough volume and if it
is credible, as there are a lot of scams in cryptocurrency.

23. Tutorial
1. Go-to Bittrex.com and sign-up. Use a safe password.

24. Tutorial
2. Go-to “Wallets” and click on the “+” sign on the coin that you have. If
you have Bitcoin, click on “+” on the Bitcoin row.

25. Tutorial
3. Click in “New Address”, wait for the address to be generated (it can
take up to one minute) and copy paste it. Double check if it’s the right address
that you’ve just copied.

26. Tutorial
4. Go back to Coinbase and go-to “Send”. Paste de address that you’ve just
copied. Click “Send Funds”.

27. Start Trading
5. Go back to Bittrex. Soon you’ll see “Pending Deposit” with the funds that
you’ve just sent. Wait a little longer and the process will be completed.
Congrats! You’re now ready to start trading.

28. Step 4: Find The Best
Coins To Trade

29. Chapter Introduction
So now you’re ready to trade, but don’t go with a blindfold and start risking
your funds. There are opportunities everywhere, but also big market swings.
So as we’ve covered on the past articles, for each ICO there’s a token sale that
then converts into a coin that goes to the major exchanges. Every coin that you
see in an exchange is associated with a blockchain related project.
You have projects from online gambling to banking and insurance. Some are
solid and have great teams working, others are just white papers with a
business idea that will never generate revenue.
For the best tips and alerts you have Coinvision.

30. Tutorial
On Coinvision we only give tips on credible coins and projects, but that doesn’t
mean that it can’t go wrong or that you don’t do your homework. You have to
do your homework.
Here’s how you can do it:
1. Go to the website of the coin/project that your thinking of investing in.
Try to understand their business model, check if they have credible
partners and an experienced team working full time.
2. You are an investor, even if you’re only trading, you are buying into their
business, check if they actually have or will have a business.
3. Traction and community are key in cryptocurrency. Almost every coin has
a subreddit and a Slack or Telegram channel associated. If you really
believe the coin, join the discussion!

31. Tutorial
● Before buying, analyse the price history and learn the behaviour and the
high and lows of the coin.
● If still in doubt if it’s a credible coin or a “shitcoin”, search on Google for
keywords like “scam” and try to understand the general sentiment about
that coin.
Remember, we give you the tips, but you have to do your own homework as
results are not guaranteed.
Good luck!

32. Step 5: The Best Tools For
Cryptocurrency Trading

33. Chapter Introduction
We’ve already covered how-to get your first cryptocurrency, how-to start
trading and how-to to known better the coins and projects that you are
investing in.
For the last step of this mini tutorial we are going to talk a little bit about the
tools that you need to boost your profit, learn how-to trade and have your
coins safe.

34. Tools
Coinvision
We couldn’t start this list without referring our
own solution, as it can greatly contribute for
major gains in cryptocurrency. Coinvision is a
Facebook Messenger bot specialised in
delivering alerts with predictions and
information about the most credible crypto
coins.
Everyday and for free you will get AI powered
alerts for the cryptocurrency market. Try it out
here.

35. Tools
Coinmarketcap
Coinmarketcap is the most trusted index for
historical snapshots of cryptocurrency market
capitalizations rankings. With this platform
you check how the market in behaving and also
go deeper and learn in wich exchanges coins
are being traded and other features.

36. Tools
Preev
Preev is a simple exchange rate index. You can
use this platform for a quick conversion of your
assets into a specific coin. Example: Bitcoin to
Euro.

37. Tools
Ledger Wallet
Ledger Nano S is a Bitcoin, Ethereum and
Altcoins hardware wallet, based on robust
safety features for storing cryptographic assets
and securing digital payments. It connects to
any computer (USB) and embeds a secure
OLED display to double-check and confirm
each transaction with a single tap on its side
buttons.

38. CONCLUSION

39. Conclusion
And here it is, the final of our quick tutorial on
how-to invest in cryptocurrency. This list and all
articles are going to be continuously updated.
Thank you and good trades!
www.coinvision.co

40. Thank you