My First Bitcoin Rendezvous

As a person who is very slow to technological advancements and procedures, the decision to own a bitcoin came very late but it was worth it.

Growing up, I have always been skeptical about owing bitcoin as a Ghanaian because friends and family kept speculating it was an area filled with fraud and irregularities.

I must admit, I fell for some of these misconceptions until I started reading a few articles about the subject on places like Investopedia. Eventually, I felt confident enough to venture into the world of cryptocurrencies. As a newbie, Mybitstore helped me get started. I started with just 0.025 BTC  and was surprised to see how much that turned around in just a few months.

I realized that the misconceptions about the crypto space boil down to the fact that not much education on crypto is being provided by our local Government and our local news outlets.

Exchanges

When trading crypto, you should be very vigilant, and let no one deceive you. Crypto trading can be very tricky as there is no straight path to follow.

I would however divulge the fact that the first step to starting your crypto journey is finding a reliable and convenient crypto exchange platform. This is the first step toward avoiding any sort of scam and fraudulent activities.

One taste of fraudulence can derail your crypto journey so you need to be sure your dealer is credible and reliable.

Rates

Do not be in a haste to enter into any trade on crypto exchanges, also do your feasibility studies. I recall being so eager to join the crypto space when I realized that my friends were getting returns from their investments. At this point, I just wanted to own Bitcoin at all costs disregarding whatever shortfalls there might be. Eventually, this desperation lead to frustrations as I bought my Bitcoin at an obscene rate.

The real freedom over your finance and within the crypto space is  your ability to buy and sell at the best rates.

In my crypto journey, knowing just the rate wasn't enough. You should go a step further by researching platforms that charge minimal to no fees for trading, it would save you and your wallet a lot. Also, make sure that buying and selling remittance has an escrow system in place.

There's no complete body of knowledge on how to start a trading journey but learning from experts would save you the hassle associated with first-time dealing.

Also published here.