We have been talking bout cryptocurrency adoption, growth, and spread in Africa for quite some time now. And in one way or the other overlooked educating the common man or an interested crypto investor on how to join this crypto world now that the know-how is implemented. Let’s take a look at how one can learn, join, invest and earn in blockchain technology.
This is the least trouble to start with. In the modern world of today everything can be accessed via our phones.In Africa smartphone penetration in Africa at almost 50%. This has ensured that almost everyone who has access to a smartphone has heard about cryptocurrency.Seminars by the so called crypto enthusiasts are being held all over African capitals. Youths are engaging in crypto camps for example Celo camp, walks and talks for example Crypto tours in Nairobi Kenya, preaching the crypto gospel. A company like Binance are starting Binance academies all across the continent to ensure that the know how is spread. Learn online, join seminars,join twitter spaces , do your own research and learn as much as you can.
Once you learn and are well educated about Crypto, then the next step is joining the world of cryptocurrency.There are over 300 platforms in the world today where you can join and exchange your fiat currency for a piece of bitcoin. Some of the best platforms that are ding great in Africa are, Binance, paxful,Remitano, coin base and yellow card. Before choosing a platform make sure it suites your demands and intentions as well.Check its security setup and its ability to store your assets. most notably go for a platform with a separate authentication setup apart from the normal password setups.Read reviews and engage if possible with an active user of the platform you would like to start your crypto journey in.
When investing in cryptocurrency there are variables that you have to consider before choosing the coin to invest in.One should carefully do the background check and follow the market updates about the popular cryptocurrencies, preferably the top 5 cryptocurrencies as per the market capitalization. If we were to recommend the top five coins for you to invest in, they would be : Bitcoin,Ethereum,Ripple,Bitcoin cash,Binance coin and one for the mention Lite coin.
You’ve heard the success stories – people making millions of dollars by buying when the price is low and selling when the prices are high. A lot of people join this industry with the hopes of making huge reruns but end up making nothing or very few at all.There are a few ways of making money in crypto, let me take you through some of them.
- Invest or trade in the crypto exchange market.
- Stake and lend coins to the system or other users.
- Mining or receiving coin rewards for work done in the system.
*Other mention able earning ways with crypto are: Airdrops and Forks,Crypto social media
Cryptocurrency is an opportunity,a blessing and can be a tool for theft when used wrongly. Don’t be scammed. Before joining this industry take your classes and before buying a coin consider its future.