New to crypto?
GoGoCrypto is your
step-by-step guide on how
to enter the world of Bitcoin
Learn with us how to buy your first crypto and how to use it in order to generate profits from it
Bitcoin is the first cryptocurrency that paved the path to the thousands of cryptocurrencies that have sprung after it. Nearly everyone today has heard of it as Bitcoin’s unbelievable ups and downs regularly make their way to the media. That’s what makes Bitcoin a...
The Binance Exchange is the world’s leading cryptocurrency exchange with the greatest transaction volume by far. Founded in 2017 in Hong Kong, it has since moved to Malta and it’s serving most of the countries in the world. Binance currently offers crypto-to-crypto...
People enter the cryptocurrency market to make money, but not all manage to achieve their goals. Many give up during this journey since the fluctuations can be quite overwhelming and losses may occur. Others fall into scams and send their digital assets to fraudsters,...
If you want to get into the world of cryptocurrencies then the first thing you need to do is actually buy some crypto.
As they say – the best time to start investing was yesterday. The second best time is today.
A Binance account acts as your gateway into trading crypto trading.
Step 1 – Registering on a crypto-exchange (like Binance)
Next, you have to complete the Know Your Customer (KYC) process. KYC helps Binance make sure you are who you claim to be so they can fulfil their legal requirements. All you’ll need is an email or a phone number and a strong password in order to register.
You can then either deposit the cryptocurrencies that you already possess in order to trade with them or if you don’t have any crypto whatsoever – purchase it with a debit or credit card.
Step 2 – Purchasing crypto with a debit/credit card
You can use your credit or debit card to directly buy BTC, BNB, or ETH for instance. Just go to the Binance home page and click ‘Buy now’. Your purchased cryptocurrency will go directly to your Binance Fiat and Spot Wallet. Possible issues you may experience while trying to make a purchase:
1) Your bank does not allow transferring funds to cryptocurrency exchanges. Unfortunately, there is no fully comprehensive list that we can provide to you since banks change their stances regularly. Try with different debit/credit cards if your first deposit fails.
2) Deposit limits. Sometimes we may have limitations on the amount of money we can deposit. If your deposit fails due to unknown reasons, try with a lower sum.
Step 3 – What are market orders and how to use them?
A market order is an order to buy or sell at the best available current price. If you need to get into a trade right away or get yourself out of trouble that’s when market orders come in handy.
The fees for this type of order are higher (0.5%) compared to limit orders (0.1%), which give you the option to buy and sell at a price set by you.
And you’re ready to go! Now, you might be wondering which cryptocurrencies have strong fundamentals and which don’t.
Luckily for you, we took the time to look into the most promising projects out there!
Deciding where to invest
One of the favorite investments of many traders are exchange tokens because these can provide regular dividends, great benefits, and many opportunities to multiply their investment. Today we will look at the top 5 tokens and cryptocurrencies issued by some of the...
Proof-of-Stake (PoS) validation is an essential part of the development of next-generation blockchain projects. In this article, we will look at the top 7 coins and tokens available for staking and examine how you can benefit from them. Proof of Stake is an advanced...
Why are governance coins (usually) valued higher than ordinary tokens? Simple, because they are required for the entire system to work properly. They are the means through which coin holders are capable of shaping the future of a protocol. All the stakeholders can...
Who we are
We are people (who used to be) just like you. When we first got into crypto there wasn’t enough information about cryptocurrencies – and then there was too much of it.
That’s why we decided to create this website where we share with you our personal opinion on the best deals, best exchanges and best practices when it comes to dealing with cryptocurrencies. We provide you with the help that we could not find when starting this journey. Our hope is that you will be able to avoid many of the pitfalls on your way to becoming financially independent.
Nonetheless, none of the content on the website should be perceived as financial advice.
Dogecoin is one of the most volatile cryptocurrencies on the market, considered by many to be among the most speculative forms of investment. In 2015, its founders, Jackson Palmer and Billy Markus, denounced the digital coin as fundamentally exploitative and...
In August 2021, Cardano’s founder, Charles Hoskinson, announced that smart contracts will be available on the network after the Alonzo hard fork is completed. Along with that, he stated that the new version of the blockchain will have improved infrastructure and allow...
Turkey is among the countries in the world where cryptocurrencies have enjoyed the most popularity over the recent years. However, in April 2021, the central bank issued a directive that led to the prohibition of the use of digital assets for payments. The measures...
Never do what the crowd is doing
The crypto-space is full of the so-called ‘Pump & Dump’ schemes. If a coin’s value has made abrupt upward movements in terms of price (such as 100% in less than a few hours), better stay away from it as it can go down just as quickly. These spikes are often coordinated by the crypto whales – the holders of large amounts of cryptocurrencies that can easily manipulate the market. They count on the crowd’s sense of urgency, also known as ‘fear of missing out’. Warren Buffet has said it best – ‘Be Fearful When Others Are Greedy and Greedy When Others Are Fearful’.
Always do your own research
Just because someone is hyping a certain cryptocurrency, doesn’t mean that it is truly a solid investment – even if it’s a well-known billionaire who does the promotion. Many of the influencers in the cryptocurrency space are paid to do promotions on certain projects. Make sure to dig deeper into the cryptocurrency’s fundamentals and look into a variety of sources of information about it before deciding whether or not to invest.
Never invest more than you can afford to lose
It’s better to think of crypto as an additional way to expand one’s portfolio rather than putting all of your life savings in it. The enormous upward and downward movements are definitely not for the faint-hearted and may lead to a lot of stress if you are truly counting on this money. During a bear market (meaning that the prices go down for an extended period of time) a coin may lose a great chunk of its value – so keep that in mind when deciding whether or not to invest.
Being greedy and looking for ‘get-rich-quick’ schemes is a recipe for disaster – being patient on the other hand can pay off in the long term. More often than not people who just buy cryptocurrencies with solid fundamentals and wait for them to appreciate over the years are more successful than the day traders who look into dozens of signals such as Fibonacci retracements, Bollinger bands, etc. Trying to time the market is almost impossible, even people who do it professionally tend to fail in that regard. Oftentimes the best investment strategy turns out to be DCA (Dollar-Cost averaging) – dividing the total amount to be invested in an asset at regular intervals regardless of its price. Don’t take this as investment advice though and make sure to do your own research!
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