How to buy crypto? (Exchange vs Wallet)
Day 5 with makeeezy! Learned how to buy stocks, now how to buy crypto?
The process is similar, but the risks are different.
1. Centralized Exchanges (CEX):
In India, there are apps like CoinDCX, WazirX, or the international Binance app. Here, you can deposit INR and withdraw Bitcoin/crypto. (KYC is required).
2. Safety Rule:
There's a saying in the crypto world: "Not Your Keys, Not Your Coins."
If the exchange gets hacked, the money is gone. Therefore, large investors keep their crypto in private wallets (like MetaMask or a hardware wallet) where only they have the password.
Start small, stay safe.
#makeeezy #CryptoSafety #BitcoinIndia #CryptoExchange #InvestSmart > Disclaimer: Crypto markets are volatile. Invest only what you can afford to lose. This is not financial advice.