I get a lot of questions from folks who want to get into crypto, but are often overwhelmed.
It seems like this whole new thing that's so different from what they've touched before.
"Louis, where do I start?"
"How can I know these exchanges are safe?"
"What platforms can I reliably use?"
These are all great questions - and I get it, it's confusing touching a whole new asset class.
But let me reassure you; you can think of these cryptos as complex-sounding software stocks. And don't just take my word for it because Bitcoin trades EXACLY like software.
Bitcoin $IBIT is the yellow line while the iShares Software ETF $IGV is the black one. Pretty damn similar, right?
This asset class has never been so accessible to outsiders. I remember back in the day, you had to go through these shaky exchanges and when you sent your hard earned funds over, it felt like it disappeared into the aether.
Well, no longer...
My go-to exchange/platform that I guide a lot of people to is Coinbase; they're doing everything right.
They're a publicly traded company under SEC oversight, operate within U.S. regulatory frameworks, and are audited like legacy Wall Street firms. They're highly liquid and offer a vast selection of cryptocurrencies, making Coinbase the go-to platform for most users.
The barriers for entry into crypto are now LOWER than that of traditional markets, like equities. For those who've never traded these things, I'm sure you'll even be surprised.
The platforms interface looks great, is easy to navigate, and unlike traditional finance, you can trade these things wherever and whenever you want to.
So while crypto might seem overwhelming from the outside, once you step in, youโll realize just how familiar it feels.
