All the tech you need to start investing in crypto 

Cryptocurrency investing can sometimes feel like walking through a digital labyrinth, but with the right tools, you can navigate the market like a pro. The proper tech setup is important, and it doesn’t matter whether you’ll be snagging some Bitcoin or trying your luck with altcoins.

Access to cryptocurrency exchange 

The most exciting part of the tech you’ll ever need is a platform where you can find cryptocurrencies. Here you can buy, sell, and trade them. These exchanges act as the middleman between you and the crypto market. You might also need access to a crypto presales list since here you can be ahead with the latest crypto presales and opportunities. Traders and investors there can get valuable insights into upcoming and popular cryptocurrency projects and decide which they will choose once they register for their chosen exchange.

Some of the most well-known exchanges are Binance, Coinbase, and Kraken. Coinbase has an intuitive interface great for beginners, Binance has a wide selection of cryptocurrencies, while Kraken is more suitable for experienced traders with more advanced features.

A reliable computer or smartphone 

Before you even think about crypto wallets or exchanges, you need a solid divide to access them. If you want to give it a go on a computer, whether it’s a desktop or a laptop, you’ll have more flexibility. It’s usually more secure, as it’s easier to set up firewalls and install antivirus software. Plus, the large screen makes analyzing charts and data so much easier. 

But if you want to invest in crypto on the go, a smartphone might be the right choice. Mobile apps are designed for ease of use. You can look after your portfolio, buy and sell coins, and keep track of news–all from your pocket. Just make sure to have the latest security updates installed. Outdated devices, computers or smartphones, are easy target to hackers. 

A secure internet connection 

You want to make crypto transactions over public Wi-Fi? Think twice. Hackers can intercept your data, steal your private keys, and wreak havoc on your investment. For this reason, always make sure to use a secure internet connection. 

And while you’re at it, set up a strong password for your Wi-Fi, and if possible, consider using a virtual private network (VPN). A VPN encrypts your online activity, thus keeping you safe from prying eyes. 

If you’re on the go and don’t have access to a secure network, your mobile data plan is usually more secure than public Wi-Fi. 

A crypto wallet (hot of cold)

Here we are, back at the exciting tech of cryptocurrency investment. Cryptocurrency wallet is the most essential piece of tech you need. This is where you’ll store your coins. 

There are two main types: cold wallets and hot wallets. 

Hot wallets are digital wallets connected to the internet, which makes them convenient for frequent trading. They can come in the form of apps or software programs you install on your computer or smartphone. Some of the most popular are MetaMask and Trust Wallet. 

Cold wallets are physical devices, like USB. Here you can store your crypto offline. Cold wallets offer higher security since they’re not connected to the internet. They’re nearly immune to hacking. But they can be a bit inconvenient for regular trading. Trezor and Ledger are two leading cold wallet brands. 

If you’re a beginner, starting with a hot wallet is the easiest route, but if you plan on holding a large amount of cryptocurrency, think about more secure cold wallets.

A hardware security key or authentication app

For securing your crypto account, two-factor authentication (2FA) is a must. You can go one of two routes here: use a hardware security key or an authentication app. 

Hardware security key is a physical device, like YubiKey, that you can plug into your computer or tap against your smartphone to authorize logins and transcriptions. It’s one of the most secure 2FA options out there. 

You can also use an app like Google Authenticator or Authy. These apps generate a code that changes every 30 seconds, which you’ll need to enter to complete a login or transaction. 

Whichever you choose, don’t rely only on SMS verification for 2FA. SIM-swapping attacks are on the rise, and hackers can steal your phone number and intercept your codes. 

Crypto tracking and analysis apps 

Once you’ve made your first crypto investment, you’d like to keep track of the market. There are plenty of apps designed to help you monitor prices, set alerts, and follow the latest crypto news. 

CoinGecko and Blockfolio (now FTX) are just one of many. They can track thousands of coins in real-time, along with your portfolio, news, and offers market data. 

Final thoughts 

With these tools in your crypto toolkit, you’re ready to go on your digital investment journey. Just remember to put security in the first place. Stay informed and don’t rush into trades without doing your research.