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Setting up your first cryptocurrency portfolio is complicated. It takes time and effort to build the knowledge necessary to successfully take advantage of this emerging market. This article will walk you through a 3 step process to get you into crypto for the first time and help you set up a diverse portfolio!
1. Binance
Sign up for a free Binance account.
Select âFundsâ on the Navigation Bar â Select âBalancesâ â Select Deposit on the asset you want to own. This will show a âDeposit Addressâ. Copy this address so you can use it in the next step.
Binance - Blockchain and Crypto Asset Exchange
2. Changelly
Go to Changelly. Select the asset you own. This will be USD for a first time crypto investor.
Then select the asset for which you copied the âDeposit Addressâ in the previous step.
Follow the steps on Changelly to input your credit card information and the deposit address to complete the purchase. This will send the cryptocurrency you just purchased directly to your Binance exchange account.
Changelly | Exchange BTC to ETH at the lowest rate within minutes
3. Shrimpy
Register with Shrimpy for free.
Once logged in, connect your Binance exchange API keys to the Shrimpy application. This process was previously detailed here (note, the design has changed, but the process is the same):
How to Connect Shrimpy to Binance [Pictures]
Now, visit the âAllocationsâ tab. This is where you can select the assets you would like to own and specify the percent of each asset you wish to own.
You are now set up!
You have successfully created your first cryptocurrency portfolio. In order to deposit more funds, simply revisit the âChangellyâ link above and repeat the deposit process.
Donât forget to check out the Shrimpy website, follow us on Twitter and Facebook for updates, and ask any questions to our amazing, active communities on Telegram &Â Discord.
The Shrimpy Team
Investing In Crypto Is As Easy As 1, 2, 3 was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.