You can ring up serious monthly profits from crypto investing, but that doesn't mean it's easy... unless you know the secret.

To have any chance of reaping those life-changing gains everyone dreams about, you first have to choose the right CryptoCurrency. And there lies the challenge...

In the early days of 2010 and 2011, the few who were aware of Crypto simply bought (or mined) Bitcoin (BTC). It was practically your only option.

But today, more than 18,000 CryptoCurrencies are listed on CoinMarketCap.com, with more popping up almost every day.

Many of these coins appear to be very cheap - trading for pennies on the dollar in some cases. They're similar to penny stocks but much cheaper and much riskier.

And those bargain basement prices make them very tempting to investors looking for a way to replicate Bitcoin's trajectory from being worth mere pennies to trading for tens of thousands of dollars.

But investors need to be wary.

More than 90% of CryptoCurrencies that exist today will never register huge gains. Most will fade into obscurity, eventually joining the growing list of "deadcoins."

To be successful, Crypto investors need to arm themselves with tools to figure out which coins are worth betting on - and which should be avoided...

OR... You can Earn Crypto Affiliate Income and make money if Crypto goes up or down. Read on to find out how...

Cryptocurrencies are digital assets created using computer networking software that enables secure trading and ownership.

Bitcoin and most other cryptocurrencies are supported by a technology known as... Blockchain which maintains a tamper-resistant record of transactions and keeps track of who owns what.

Public blockchains are usually decentralized, which means they operate without a central authority such as a bank or government.

The term cryptocurrencies comes from the cryptographic processes that developers have put in place to guard against fraud.

These innovations addressed a problem faced by previous efforts to create purely digital currencies: how to prevent people from making copies of their holdings and attempting to spend them twice.

Individual units of cryptocurrencies can be referred to as coins or tokens, depending on how they are used. Some are intended to be units of exchange for goods and services, others are stores of value, and some are mostly designed to help run computer networks that carry out more complex financial transactions.

One common way cryptocurrencies are created is through a process known as mining, which is used by Bitcoin. Mining can be an energy-intensive process in which computers solve complex puzzles in order to verify the authenticity of transactions on the network. As a reward, the owners of those computers can receive newly created cryptocurrency.

Other cryptocurrencies use different methods to create and distribute tokens, and many have a significantly lighter environmental impact. For most people, the easiest way to get cryptocurrency is to buy it, either from an exchange or another user.

By using the strategies taught in the following lessons, you can earn Crypto.

However, for most people, the easiest way to get cryptocurrency is to buy it, either from an exchange or another user.

Buying cryptocurrencies involves four basic steps:

1. Decide where to buy it

There are many ways to buy cryptocurrency, though the most accessible method for beginners is likely to be a centralized exchange.

Centralized exchanges act as a third party overseeing transactions to give customers confidence that they are getting what they pay for. These exchanges typically sell crypto at market rates, and they make money on fees for various aspects of their services.

If you're more accustomed to traditional brokerage accounts, there are a few online brokers that offer access to cryptocurrencies as well as stocks. Of the online brokers reviewed by NerdWallet, these include Robinhood, Webull, SoFi Active Investing and TradeStation.

If you're looking for an exchange that operates solely within the cryptocurrency world, look for pure-play crypto exchanges. These platforms, such as Coinbase, Gemini and Kraken, won't give you access to core assets like stocks and bonds, but they typically have a much better selection of cryptocurrencies, and more on-platform crypto storage options.

Though centralized exchanges are relatively easy to use, they also can be an attractive target for hackers given the volume of crypto that flows through them.

For more advanced users, there are decentralized exchanges whose fees can be lower than those charged by centralized platforms. Those can be more difficult to use and demand more technical know-how, but they may also offer some security benefits because there is no single target for a cyberattack. Cryptocurrencies can also be traded through peer-to-peer transactions.

2. Choose how you'll pay

While there are thousands of cryptocurrencies being traded around the world, you'll find that the most popular options are widely available for purchase in fiat currencies such as the U.S. dollar. If you're a first-time buyer, you'll very likely have to use regular money to buy cryptocurrency. If you're a more experienced investor, you may want to trade some of your existing crypto holdings for another type of cryptocurrency — for instance Bitcoin for Ethereum.

3. Add value to your account

Depending on how you choose to pay, you may have to fund your account before purchasing any crypto. If you're using fiat currency, most exchanges allow debit and bank transfers. Some also allow you to fund a purchase with your credit card, though this can be a risky move with a volatile asset like cryptocurrency because interest costs can deepen your losses if your investments decline in value.

If you already own cryptocurrency, you can transfer it into your account from a digital wallet or another platform, then use it to trade. Just be sure to verify that your crypto exchange allows trading between the assets you're looking at. Not all cryptocurrencies can be directly traded for one another, and some platforms have more trading pairs than others.

Another thing to note is that exchanges’ fees vary depending on what you're buying and how you're buying it, so review these details carefully.

4. Select a cryptocurrency

There are many options for cryptocurrency investors, though there are none that are likely to be right for everyone. Before you buy, ask yourself what your goals are for this investment. Are you hoping it will increase in value? Are you interested in carrying out transactions using cryptocurrency? Are you interested in using the underlying technology via decentralized apps?

These may help you make your decision.

What Is Cryptocurrency in Plain Words?

Cryptocurrencies are digital assets and decentralized systems that allow for secure online payments.

How Do You Get Cryptocurrency?

Any investor can purchase cryptocurrency from popular crypto exchanges such as Coinbase, apps such as Cash App, or through brokers. Another popular way to invest in cryptocurrencies is through financial derivatives, such as CME's Bitcoin futures, or through other instruments, such as Bitcoin trusts and Bitcoin ETFs.

What Is the Point of Cryptocurrency?

Cryptocurrencies are a new paradigm for money. Their promise is to streamline existing financial architecture to make it faster and cheaper. Their technology and architecture decentralize existing monetary systems and make it possible for transacting parties to exchange value and money independently of intermediary institutions such as banks.

Can You Generate Cryptocurrency?

Cryptocurrencies are generated by mining. For example, Bitcoin is generated using Bitcoin mining. The process involves downloading software that contains a partial or full history of transactions that have occurred in its network. Though anyone with a computer and an Internet connection can mine cryptocurrency, the energy- and resource-intensive nature of mining means that large firms dominate the industry.

What Are the Most Popular Cryptocurrencies?

Bitcoin is by far the most popular cryptocurrency followed by other cryptocurrencies such as Ethereum, Binance Coin, Solana, and Cardano.

Are Cryptocurrencies Securities?

The SEC has said that Bitcoin and Ethereum, the top two cryptocurrencies by market cap, are not securities. It has not commented on the status of other cryptocurrencies.

What is Stacking?

Staking is when you allow your cryptocurrency to be used to help a specific network operate. That's an oversimplified explanation, but it's a good place to start.

Only cryptos that use a proof-of-stake (or PoS) mechanism to verify transactions can be staked.

While your coins are staked, you can't touch them until a certain amount of time has passed, so you'll want to do it with an asset that you plan to hold for a while.

If you're anything like me, this is hardly an issue. You're looking at value for the long term.

The advantages are hard to argue with. By staking your coins, you're both helping the blockchain become more secure from attacks and allowing it to process transactions faster.

Not just that, but as a reward for allowing your cryptocurrency to be used, you earn more of the staked crypto as interest for helping the network out.

It's a no-brainer way to make your money work for you.

---

Investing in cryptocurrencies and other initial coin offerings (“ICOs”) is highly risky and speculative, and this article is not a recommendation by IntelliTech2000 or the writer to invest in cryptocurrencies or other ICOs.

Because each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. IntelliTech2000 makes no representations or warranties as to the accuracy or timeliness of the information contained herein.

---