Cryptocurrencies for Beginners: Which Cryptocurrencies to Buy?
Which cryptocurrencies to buy? The real question is how to start safely. Learn the main lessons before choosing cryptocurrencies. The safest first step is choosing a regulated platform. Bitcoin Store offers easy deposits, local support, and advice from expert staff in its physical branches.
Table of contents:
- What are the Key Lessons from Crypto History?
- What are the Mandatory Steps Before Your First Crypto Purchase?
- How to Choose Cryptocurrencies Without Financial Advice (DYOR)?
- How to Choose a Safe Platform for Buying Cryptocurrencies?
- How Can I Take the First Safe Step on the Bitcoin Store Platform?
- How to Take Control of Your Financial Future?
If you are new to the world of digital currencies, you probably have one burning question in your mind—and that is, "Which cryptocurrencies should I buy?"
This is natural. We are all bombarded with headlines about quick gains, explosive growth, and projects "that will change the world."
In this information jungle, we instinctively look for that one piece of advice, that one safe recommendation.
However, after more than 17 years of cryptocurrency existence, the main lesson we’ve learned is not about what to buy, but about why to buy and how to do it safely and wisely.
This blog post will not give you financial advice on specific tokens. We will not go into an in-depth analysis of portfolio construction either (we have a separate, more advanced guide for that). Instead, we will teach you how to take the first safe and informed step. We will equip you with the mental and practical tools that are crucial for long-term success in this dynamic world.
Before you invest a single euro, focus on the foundation: security, understanding risk, and choosing the right platform.
What are the Key Lessons from Crypto History?
The cryptocurrency journey began humbly in 2009 with the launch of Bitcoin, created in response to the global financial crisis. Although it is a relatively short period, it is full of dramatic changes that have provided us with important lessons for all beginners.
Lesson 1: Embrace Volatility (Emotional Preparation)
If you entered crypto with the idea of linear growth, you will quickly be disappointed.
Throughout history, the value of digital assets has varied extremely.
Volatility (rapid and large price changes) is not an anomaly, but a fundamental characteristic of the crypto market. Prices can fall 50% in a few weeks and then rise 100% in a month.
What this means for you: You must be emotionally prepared for sudden drops. Many beginners sell their assets in a panic after the first major dip, realizing a loss.
Key mindset: Don't watch daily prices. If you bought with a long-term vision, stick to the plan and accept fluctuations as a normal part of the process.
Lesson 2: From the "Wild West" to Regulation
The early years of the crypto world were, quite literally, the Wild West.
Unverified exchanges, unclear rules, and numerous scams were commonplace.
People lost assets due to hacked platforms or entrusting money to dishonest individuals.
Today, the situation is significantly different. The crypto market has matured, and governments and regulatory bodies around the world are establishing clear rules.
The significance of regulation: The establishment of regulated platforms means your money is safer. Regulation forces platforms to adhere to strict protocols for Anti-Money Laundering (AML) and Know Your Customer (KYC), which drastically reduces the risk of misuse and fraud.
Why this is important: As a beginner, your first and most important decision is choosing a safe and regulated platform for buying and storing cryptocurrencies.
What are the Mandatory Steps Before Your First Crypto Purchase?
Before you click "Buy," dedicate time to two key steps: defining your risk and researching the projects' functions.
How much money should I invest in cryptocurrencies?
This is not just a phrase; it is the fundamental principle of survival in the crypto market. Let's repeat: Crypto investing is a high-risk investment.
→ Determine your risk budget: Never, and absolutely never, invest money that you need for living expenses, loan repayments, or emergencies. Determine a small percentage of your total disposable capital that you are completely prepared to lose without affecting your standard of living.
→ Start with a small amount: Beginner experience is key. There is no point in investing large sums until you have been through the first cycle of growth, fall, and recovery. Start with a minimal amount to familiarize yourself with the process of buying, selling, and managing, while minimizing potential damage.
What is DCA (Dollar-Cost Averaging) and is it good for beginners?
One of the smartest tactics for beginners is DCA (Dollar-Cost Averaging).
Instead of trying to guess the perfect price bottom (which is impossible), you invest a fixed, small amount of money regularly (e.g., 50 euros every week).
When the price falls, you buy more shares; when the price rises, you buy fewer shares. Over time, your purchase price is "averaged." DCA does not guarantee profit, but it eliminates the psychological stress and the risk of a major mistake when buying all assets at once at the very peak of the market.
Example
Let's say you invest 100 EUR each month for a period of three months consecutively:
| Month | Bitcoin price | Invested amount | Amount of purchased BTC |
|---|---|---|---|
| 1 | 30.00€ | 100€ | 0.0033 BTC |
| 2 | 20.00€ | 100€ | 0.0050 BTC |
| 3 | 40.00€ | 100€ | 0.0025 BTC |
| TOTAL | 300€ | 0.0108 BTC |
Your average purchase price: 300 € / 0.0108 BTC = 27,777 €.
Even though you bought at the highest price (40,000 €), your final average is significantly lower because you captured the price drop in the second month.
How to Choose Cryptocurrencies Without Financial Advice (DYOR)?
Passively copying someone else's advice (even from friends) is the fastest path to losing money.
Always Do Your Own Research (DYOR) before investing in cryptocurrencies.
Instead of searching for names, start by understanding a cryptocurrency's function. There are three basic categories of projects in the crypto world. As a beginner, you should understand the first two.
| Category Type | Function and Role | Risk for Beginners |
|---|---|---|
| Store of Value | Serves as digital gold or a global means of payment. Its goal is the long-term preservation of purchasing power and resistance to inflation. It is the longest-standing and most tested foundation. | Low to Moderate (in the context of crypto) |
| Smart Contracts | Platforms that allow developers to build decentralized applications (DeFi, NFT, Metaverse). Its value lies in the utility of the entire network. | Moderate |
| New Projects / Meme Coins | Highly speculative projects or projects based on humor and trends (virality). They can bring huge profits, but also total loss. | Extreme (Not recommended for beginners) |
How to Choose a Safe Platform for Buying Cryptocurrencies?
Buying cryptocurrencies is not like buying stocks. It requires choosing an exchange or broker that not only allows the transaction but also secures your assets.
Why is choosing an exchange more important than choosing a cryptocurrency?
You can buy the most valuable and safest cryptocurrency in the world, but if you buy it on an unregulated, unverified, or hacker-vulnerable platform, your assets are not secure.
The best investment you can make as a beginner is investing in a safe platform.
Why is local exchange regulation necessary?
Platforms like Bitcoin Store operate under local regulations and laws. This implies:
- Transparency: The platform is obliged to operate transparently.
- Protection: Mechanisms exist to protect users in case of operational problems.
- Trust: You know exactly to whom you have entrusted your financial data and assets.
What are the essential tools every crypto beginner needs?
When choosing a platform, look for these three key items:
1. Regulated Exchange/Broker
Beginners need the ability to directly convert their fiat money (EUR) into cryptocurrency without complex intermediaries and expensive currency conversion fees.
Bitcoin Store is designed specifically for this purpose—to simplify that first step. The deposit process on the Bitcoin Store platform is extremely simple. After registration and verification, a client can easily deposit funds using a standard bank transfer, and the funds are usually available for trading on the same day.
To learn more about how to make a deposit and buy your first cryptocurrency, visit our blog post:
2. Local Customer Support
You won't have to communicate with bots or overseas support when you have an urgent inquiry about verification or a transaction.
Local support is invaluable. In the beginner phase, mistakes happen, and fast, clear help in your native language saves the day.
An additional advantage is that at Bitcoin Store physical branches, you can get advice and assistance directly from expert staff in person, which is invaluable for complete beginners.
3. How can I spend cryptocurrencies in everyday purchases?
Once you have safely bought cryptocurrencies, a logical question arises: How do I use them?
A crypto card, such as the Bitstore Card, transforms your digital currencies from a static investment into an active financial asset.
It allows you to instantly spend your cryptocurrency (which is automatically converted to fiat in the background) for everyday purchases.
If crypto is easy to buy (via Bitcoin Store), it should be easy to spend. The card is the logical next step that shows the full potential of digital currencies.
How Can I Take the First Safe Step on the Bitcoin Store Platform?
Once you have adopted the mindset, set up the DCA tactic, and understood the function of the projects, you are ready for the next steps. However, you must take these steps within a secure environment.
Bitcoin Store offers the simplest and safest entry into the regional market for beginners:
- Regulated platform: We operate in accordance with all local regulations, which gives you peace of mind and trust.
- Intuitive Interface: Our platform is designed to remove the complexity of initial transactions. Registration and verification are fast, and the interface is clean and easy to understand.
- Local Support: Our team is here to help you every step of the way.
Opening an account does not obligate you to buy. Take the first step today—register on Bitcoin Store and complete the quick verification. Familiarize yourself with the platform within a secure environment. This is an investment in your knowledge, without risk.
How to Take Control of Your Financial Future?
Investing in cryptocurrencies is not a sprint; it is a marathon.
The secret to long-term success is not in guessing the "next big coin," but in discipline, risk management, and security.
Don't look for a quick gain; look for knowledge and reliability. Learn the rules, secure your tools, and choose a platform you trust.
Your first step into the world of crypto should be the safest step.
Register on Bitcoin Store and take your first, safe step into the world of digital finance.