About cryptocurrency

[Chiomaobi]

Watin be cryptocurrency.

Cryptocurrency na virtual currency way dey like cash, na also source of purchasing power, na also avenue for investment and like other investment and asserts, can be bought with the object of financial return.

Type of cryptocurrency

I go mention top 10 cryptocurrency way they very good.

1. Bitcoin
2. Ethereum
3. Tether
4. BNB
5. USDC.
6. XRP
7. Binance coin
8. Dogecoin
9. Polygon
10. Dogecoin

Cryptocurrency na good investment

If cryptocurrency go be good investment for you en depend on many factors. Like all investment, the answer to this question comes down to things like your tolerance for risk both for financial terms and psychology terms, and also how diversified your portfolio dey and the last one na if you get safe investment platform for all your cryptocurrency.

How much way person fit invest.

Invest watin you fit lose, cryptocurrency dey very volatile so invest money way you fit lose and en no go too affect your mental health.

How person go take secure en cryptocurrency.

Person need to take precautions so as to keep en cryptocurrency investment secure. Some ways to keep am secure are.

1. Use only reputable exchange and digital wallet providers.

2. Protect am with password way dey very strong, put two factor verification and protect your internet connection.

3. Dey very very careful because scammers full everywhere.

4. No go share your password to your wallet to anyone even your best friend just keep am to only yourself.

How person go take invest for cryptocurrency.

1. Choose the kind of crypto way you won invest inside.

2. Select better crypto exchange if you no no ask seniors way done dey into the business for long.

3. Choose how you won take invest.

4. This one na the last one way be advice, manage your investment very very well.

Ways to use invest for crypto.

1. Cryptocurrency exchange.
This one na online platforms way they allow people to buy and sell cryptocurrency.

2. Mining.
En involve to use special hardware to solve mathematical issues so as to earn new cryptocurrency as a reward.

3. Peer to peer marketplace.
This one involve you give me I give you, Between two people or more, buying and selling of crypto with other people.

If there's something I didn't add or I didn't explain well or if I'm wrong in any way, please I'm open for correction. And lastly I will advise everyone going into cryptocurrency to invest only on Bitcoin in other to be save I know for sure Bitcoin is to be trusted.

[Barikui1]

My brother you don talk well no doubt, but to be frank, if I be you, I no go ever advice anyone to invest in anything other than Bitcoin, unless the person dy too stubborn, and even if him or her just feels like gambling, and if him dy bent on doing so, make him invest like only 5% of him capital, or any amount him or her fit afford to lose,
 because investment in the crypto industry aside Bitcoin dy really dangerous.

Secondly, you no warn newbie investors make Dem no for any reason store their asset inside exchange, because if you do like that, anything wey happen to the exchange, your money go follow am go, and e dy very important to store ur Bitcoin in a self custodian wallet like electrum,  because in this industry we find ourselves, safety first before anything.

[Hewlet]

The first issue I have with the Information you're passing here is that you're mixing up Crypto and Bitcoin as though  they are the same thing and that has affected almost all the other points you've made including using the phrase, invest what you can afford to loose and also mistaking investments to mean same as mere holding on to a crypto asset and I guess  that's the reason you're suggesting that ones investment should be kept in a reputable exchange when in the real sense it's never advisable to keep your Bitcoin in an exchange if you'e not ready to remove it in less than no time.

You have to always create the difference between investing in Bitcoin and gambling with crypto or else you're going to make the likes of micro strategy and other big Bitcoin whales to look foolish for investing above an amount they would normally want to loose. Making such statement alone means that you're removing Bitcoin out of your statement because for us, no one really invest into Bitcoin with an amount he's ready to loose. If you're even serious with your investment, in the long run, you're going to be in a good profit region where you get tempted to sell when you've not reached your accumulation goal but with this kind of mentality, you will just sell it out at the slightest profit. Note that you can't even go about bitcoin investment the right way if you're ever considering that you're gambling with the funds you're putting into it.

Remove Bitcoin out of the list you provided as cryptos then 90% of what you've outlined here will be totally correct.

[rachael9385]

With watin you talk I understand but you suppose to dey specific with the kind of coins wey you dey refer as crypto currency, if nah Bitcoin wey you try talk, mention am so that we go understand you properly.
Make I use the world Bitcoin.
Bitcoin nah better investment source because nah good store of value and no body fit control am as e dey decentralize. All investments get risk and e better make person invest for something wey no body fit dey control. And again, all those other coins wey you mention dey learn from where Bitcoin dey as bitcoin nah the top leading coins for the crypto space.
To invest for Bitcoin you no really need much money, all you need nah the money wey you go fit afford. Bitcoin investment no require any specific amount for someone to get before em go invest for Bitcoin. Person fit start with as low amount like 5k naira sef but the important thing be say nah for the person to keep am up and make em no invest today then stop tomorrow.
Wen we talk about security, that one nai be the most important thing for any bitcoiner, as you get Bitcoin for your wallet you need to protect am with everything possible because nah your asset be that. Still e no goo for anyone to keep Bitcoin for exchange for long period of time because exchange no be wallet and those exchanges them dey centralize.
As investment dey so person need to know the kind of investment em won do and how em go take do the investment constantly and how long em go do am.
The person need to choose the coin wey em won invest in and the wallet em go use safe the coin and how much em go dey put inside the investment with how em won take dey buy, wether nah daily, weekly or monthly. If person no plan am like this em no go last for the investment because em no plan well. So these things sef nah also important things wey person need to know before em start.

Ways to use invest for crypto.
2. Mining.
En involve to use special hardware to solve mathematical issues so as to earn new cryptocurrency as a reward.

You get plenty errors for this your op thread but this one I gets quote am separate because e no aline with anything wey consern investment.
Trading and investment nah 2 different things (know am now), you can also visit this link to know the difference between trading and investment.

[AYOBA]

A cryptocurrency is a very simple in terms of investing into it and it also a ways of success of income, that means if anyone that have interest in to the cryptocurrencies have a knowledge about and did some of the research about the cryptocurrencies before jump into it, because a person can not know just sit down in one place and take decision to introduce his self about what he didn't understand about, how can the person will progress it will never have a single benefits for himself. So in this case the way some people are talking about the cryptocurrencies that is very difficult to afford is not like that, accept those that are not ready to be the part of those that earned a huge amount of money in cryptocurrency that's there classified it that is not something that everybody can afford.

This thread they very important to be considered expecially for those newbies like you that are build there self into cryptocurrency investments without enough knowledge I think if they where across this your thread it will really help and even motivate them to do much research about the cryptocurrencies investment, and even when they come to invest in any coins they will invest the amount of money that they can able afford to lose, because their some newbies that once they just into the crypto they will go anywhere start with the kind of amount of money that they will not afford to handle which most of them easily fall in vistim of losing.

[CryptSafe]

OP, you really do well to put up this post so that our people go see am. I know say this write up take the you time to do research before you come up with am. I believe say this post go dey very helpful to newbies wey just join us at the moment because when them see and read am, them go understand and this go further help them do research and findings as e please them.
Nevertheless, I go put mouth for the security matters added to your own wey you don already yan.

1 As a Crypto enthusiast, no make mistake to click link wey dem send you if you no know who send am. Quickly delete or block the contact wey send you the link. Sometimes phishing links are sent to people and when they click it, the Scammer steals your details through the link you have clicked.

2. Avoid airdrops wey no dey verified and also no dey link or permit authorisation to website to connect to your wallet as Scammers can hack your wallet through that measures.

3. Save your secret phrases manually. Do not use Google cloud in saving it because if your google account gets compromised, anybody who did that could gain access to your assets and funds which is not good. Save your details manually with either a book or a piece of paper. Write it down and keep where you alone can access when you need it.

4. When making transfer, do well to check receiving address properly before approving the transaction. Likewise you checking on your end as well because sometimes wallet apps are bugged with virus that changes wallet address without the notice of the owner. This is as a result of links clicked by the owner.

I believe this little points of mine could help a long way for members who have no idea to take note of.

[Makus]

I can see someone did his home work, and op I'm happy do see that a newbie came up with this thread. The thread actually dey very educative especially to people wey just join the forum. E give me better joy as I see say Na pidgin Naim you take compose this thread because, Na for only this board Naim you fit write with pidgin, out this local board Na English dem dey use, learning to express your thoughts through pidgin writing Na good way to communicate amongst ourselves wey some outsiders no go fit code.

Amongst all the coin wey dey this life, Na Bitcoin be the most reputable one and e no get second, because the rest coin are all called alts, and the gap wey Bitcoin give dem, no be here oo. And I go advice say make you start with bitcoin before you think of other coins, because Bitcoin go give you the basic idea of how all these things dey work while e still dey less risky compare to other coins.

[promise444c5]

I noticed  you mentioned USDC[US Dollar coin]... the coin is more like a stable coin just like USDT [US Dollar  token], although  it pumps some times but its  pump haven't pass 3 unit Dollar for a very long time so it advisable  to take it as a way of storing your Coin in a stable form for just a short period of time... and not really investing

If you  want to invest you can invest in BITCOIN ad it was first on your list so no doubt you  haven't deal with it before, invest in Bitcoin and become a holder (which means you will be holding for a long period of time ) taking it as a long investment  plan

[Promocodeudo]

Op I really commend you for this piece of writting, I must tell you that if you continue like this without deviating you will go far, you made a very good research with good outcome that's highly commendable, cryptocurrency is very complex thats why it requires basic knowledge to start the journey and learn in the system, with my little knowledge about cryptocurrency, Bitcoin surpass other coin in everything and that why most crypto enthusiast don't think about going into any other cryptocurrency aside  Bitcoin that they are already holding, despite how promising some new project might look from the onset I wouldn't advise anyone to put all there mind in it, I will always say trade with caution, Bitcoin is public figure let me use that word and it has proven to be the best coin money can buy so what next, I think we should embrace it to the fullest and invest little in other pronounced  projects if want, everything you pointed out is important for this journey to be a successful one.