| Hi Taylor:
Any advice for a cryptocurrency novice? Specifically, what app do
I get so I can start investing? - Silas.
Hi Silas: This is a great question with a lot of different answers
depending on who you ask. It comes down to personal preference and
the type of investing you want to do, because certain coins are only
available in certain places. Here are three options I know about,
but you may want to do some additional research to see if there's
something else out there you're interested in.
This is by far the most popular, and you may have read about the
fanfare when the company went public a little while back. You
can buy and sell over a hundred different coins and have the option
to pay more for Coinbase Pro, which offers lower trading fees
if you're super active. It's an easy-to-use app with lots of liquidity.
This app is where most people get started.
2. Voyager. Another publicly-traded company with FDIC-insured
cash holdings, Voyager doesn't charge commission on trades and
connects you to multiple exchanges with over fifty coins available.
The app has a simple interface and you can earn interest on your
assets if your account meets the minimum balance. Not as many
coin choices as Coinbase, but you've got access to heavy hitters
like Bitcoin and Etherium, plus a bunch of others.
3. Cash App. For some people, cryptocurrency is still synonymous
with Bitcoin. If that's how you feel, Cash App will be right up
your alley. Bitcoin is the only crypto supported by this app,
but you can actually use it like money instead of just investing
and holding. The Cash App lets you transfer coins the same way
you would money, paying back friends or even buying goods where
Bitcoin is accepted. You can use the Cash App for a lot of different
things, so if you only want to dabble in Bitcoin and send money
to friends, this is a solid option.
is a popular investment right now, so I hope you find a trading app
that works for you. Good luck!
© Taylor Kovar
January 12, 2022
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