Before you start, read this beginner's guide to digital assets
Entering the digital assets space requires preparation. Start by creating an account on a
trusted digital asset exchange platform. After making your initial deposit, follow these steps
to make informed decisions when choosing and managing digital assets.
- Choose a reliable platform for exchanging digital assets
Smart asset management starts with choosing the right platform. Online platforms provide an easy
way to purchase digital assets. The account setup process is similar to that of a traditional
bank account, requiring identity verification and selecting a funding method.
- Conduct comprehensive asset research
Identify potential digital assets based on your interests or knowledge. Start by reviewing the
asset's white paper to understand its vision and roadmap. Use the analytical tools your platform
offers for in-depth assessments, including technical and fundamental analysis.
- Determine the amount of investment
Start with small amounts to learn how to work with digital assets. Consider choosing to
affordably interact with more expensive assets. Many platforms offer calculators to estimate the
amount of an asset you can purchase with your available funds.
- Use different types of orders
Learn the basics of digital asset trading:
--Ask: the minimum price at which the seller is willing to sell.
--Bid: the maximum price at which the buyer is willing to buy.
--Spread: The difference between the bid and ask prices.
--Market Order: Buy or sell immediately at the current market price.
--Limit order: buy or sell at a predetermined price.
Do thorough research, understand the underlying technologies of the assets, and take a long-term
view. Digital assets contribute to the progress of innovative technologies.
Ready to dive into the future of asset management? Start by doing some informed research and
consider adding digital assets to your portfolio.