World is moving fast! Fast like never before. Have anyone noticed how much we have changed the way we live in the past ten years? And I start to feel a drastic change coming again with Crypto Currencies.
This is my very first article about crypto, sharing some ideas and experiences I’ve encountered. It’s extremely excited to learn that there are a lot of innovations out there and a lot to learn, to keep up with the fast-moving world. It’s a passion and something driving me to get up and start doing something useful, not just for myself, but also for others with the same interest.
For a new comer in crypto world, I’m sure there will be a lot of things you may not understand, but there are many resources on internet where you can find useful information. Even a particular coin itself, or those crypto exchange platforms, there’s also about-us introduction, and educational academy with plenty of articles and VDOs for beginners. This is surely a chasm to cross into the new world, but just don’t give up. Practicing and small money trial will help you better understand it. After a few trials, you may find it so fascinating that you may have to spend hours a day to explore what’s more to offer. Then you are on the way to go deeper in the Cryptonian world.
Personally I’m sure that crypto will be the new financial world for our kids’ generation. There are several reasons I’ve seen so far:
Popularity of holding crypto as a medium for exchange
Higher yield and convenience of accessibility
Speedy transfer with less fee
Connection to the real world asset, etc.
As I have experienced more of crypto, I’m more confident that it will change the way we live. We have seen the crypto coins approaching many sectors: stock market, real estate, games, and many others.
So how should we start? Choosing the first place to land our hard-earned money is the most import step for beginner. My suggestion is to choose the local platform in your country, since it is usually convenient to transfer your local currency to the platform. However, do a lot of researches on offerings from each platform. Some offer the interest as high as 16% APY with coin lock-up, or 6-8.5% APY with flexible account, which is much more than what traditional banks offer. Even BBB corporate bond may not offer this much. What beginners should also consider is the first coin to buy, as we do not want capital loss with higher interest rate. Stable coins such as USDT, USDC, DAI, etc. should be considered since they are not highly fluctuate. Moreover, try a small amount to experience first. Until you are comfortable with higher-risk product, then start moving your fund around, for example, lock saving, staking, yield farming etc., but leaving a portion of stable coins in your wallet is not a bad idea after all.
Although Binance, Coinbase, KuCoin etc. are what people might first think of, since they accept a lot of major currencies, in my case I started off with Zipmex since the interest was quite attractive, and transferring local currency to the platform was convenient (At the time of writing, it supports only AUD, IDR, SGD, USD, and THB. For those who are interested in Zipmex, I’ve put the link here https://trade.zipmex.co.th/accounts/sign-up?aff=4OfnUb3cqt for both of us to enjoy special bonus). In the Global play, Binance has opened up my world to experience several new things. I started going off my comfort zone to try more complicated financial products. Of course, it came along with months of hard studying, and investing a small amount to actually learn from doing it. (For those who do not have Binance account, you can register at https://www.binance.cc/en/register?ref=K0NJC80A with bonus sharing between you and me)
We may have heard a lot about how fluctuate crypto currencies are, or preparing to lose all your money once coming into crypto world. In my opinion, there’s a truth in it if you speculate. Money should be earned by working, but instead of working by yourself, won’t it be better having money working for you too? Crypto currencies still have a long way to go and I t’s just the beginning of the whole new world. We may see a lot of new coins, new products, new innovative ideas coming up in the near future. In fact, we may have to admit that there are only 2 choices, either catching up with the new world, or being left behind.