Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. The cryptocurrency market has been around for over a decade, but it has already proven to bring excellent opportunities and huge returns for investors. Still, many people find it difficult to start and make their first crypto investment. If you are still thinking about how to get into the market and build a successful career, you are in the right place. In this guide, we will introduce the 8 best ways to get into the cryptocurrency market in 2024. The methods shared in our guide will help you understand how you can start trading, build a reasonable crypto portfolio, make a profit investing in crypto presales, etc. We will also discuss one of the leading cryptocurrency exchanges that provide a number of tools for beginners and several other opportunities. 8 Best Ways to Get Into Crypto in 2024 In the list below, we have enumerated the best methods you can use to get to cryptocurrency trading. You can combine some of them to have better practice, for example, you can learn the basics of the cryptocurrency market and build a crypto portfolio investing in multiple presale projects. Find High-Rewarding Crypto Presale Projects Open a Crypto Trading Account with a Reputable Cryptocurrency Exchange Learn the Basics of the Cryptocurrency Market Open a Digital Wallet and Learn How to Store Your Digital Assets Develop a Trading Strategy Build a Diversified Cryptocurrency Portfolio Make a Passive Income By Staking Crypto Coins Invest in Crypto Stocks and ETFs Reviewing Each of the Best Ways to Get into Cryptocurrency However profitable the cryptocurrency market may seem, it is twice as much risky. Along with several popular and well-established assets, there are thousands of speculative coins created for the hype. Not only is it crucial to understand what you are buying and selling but also when and how you are buying and selling it. To help you start your crypto trading career successfully, below we have discussed in detail some of the best tips to get into the crypto market. Find High Rewarding Crypto Presale Projects Beginner level crypto investors may find it difficult to enter the cryptocurrency market because most of the well-known cryptocurrencies are trading at high prices. Bitcoin is traded above $22,000, and ETH is worth more than $1,500 at the time of writing. So the top coins are quite expensive, and they can’t buy them in high amounts. But the crypto market is not all about the high-cap cryptocurrencies, and you can even get started with the crypto projects that have not been launched officially. These crypto projects hold presales of their native tokens at a low price before they get listed on crypto exchanges. In this way, they raise capital for project development, marketing, and other purposes. It is an excellent opportunity for the investors too, as long as they get the chance to invest in them during the early stages of their development, paying below $1. This can be hundreds of times lower compared to their listing price. Plus, the project can get popular and attract huge attention, which can lead to increasing the demand for the token. However attractive crypto presales may sound, you need to be careful when selecting a presale project to buy. The important thing is to explore whether it has a real-world solution or an interesting feature to offer which can be worth investing in – otherwise known as ‘utility‘. If you are unsure what presales can be promising, below, you will find some of the most popular crypto presales to buy in 2024. Smog – Getaway into Crypto Investing With Minimal Investment Smog is as a notable disruptor, challenging the status quo set by Dogecoin. Solana’s Jupiter DEX witnessed the meteoric rise of $SMOG, soaring by an impressive 1,339% within the first 24 hours, firmly establishing itself among the top gainers on DEXTools. Setting itself apart with a thoughtful allocation strategy, Smog dedicates 50% of its tokens to marketing and 35% to airdrops. This approach aims to foster a resilient ecosystem while generously rewarding early adopters and community contributors. Whispers within the crypto community hint at a potential connection to Sponge’s anonymous team, amplifying excitement about Smog’s future. The roadmap unfolds a strategic three-stage plan, emphasizing initial development, token launch, and the quest for meme coin dominance. Through partnerships with platforms like Zealy, Smog plans an immersive airdrop campaign, intertwining quests and activities to boost community engagement and trading volume. Leaderboards and gamification elements promise an interactive experience within the Smog ecosystem. As Smog extends its reach, integrating with ETH and launching a staking platform, users can anticipate further opportunities for growth. To be part of the Smog revolution, users can connect their wallets on Jupiter DEX, actively participate in the ongoing airdrop campaign, and engage with the community on platforms like Twitter, Discord, and Telegram. Investors can purchase SMOG tokens for $0.067 on the Jupiter exchange, at the time of writing. Visit Smog Bitcoin Minetrix – Simplifying Cloud Mining for All Bitcoin Minetrix ($BTCMTX) is a new crypto project that presents a shift in cloud mining, streamlining the process for users. Utilizing an Ethereum-based smart contract, $BTCMTX token holders can participate in staking their assets, yielding passive income, and gaining access to cloud mining credits. These credits, though non-tradable, serve as the currency for acquiring Bitcoin cloud mining power on the platform. This innovative tokenization democratizes cloud mining, making it accessible to individuals lacking prior crypto or mining expertise. What sets Bitcoin Minetrix apart is the use of non-tradable ERC-20 tokens as rewards for mining contributors. This approach enhances control over assets and mitigates risks commonly associated with third-party services in conventional cloud mining. The rapid success of the presale, amassing over $100K within hours, underscores robust early investor interest. The allocation of $BTCMTX tokens is as follows: 42.5% for funding Bitcoin Minetrix’s bitcoin mining operations, 35% earmarked for marketing and project expansion, 15% reserved for community rewards, and 7.5% for $BTCMTX staking rewards, continuing until the Bitcoin Minetrix cloud mining platform’s development is complete. Join the presale now by purchasing $BTCMTX tokens at an attractive price of $0.011. Buy Bitcoin Minetrix Scotty the AI – Get into Crypto With This AI Memecoin There have been multiple AI-based meme coins in the past, and most of them have fallen short of expectations. Scotty the AI has emerged with better and attainable fundamentals, which makes it a suitable way to get into crypto. The project has been described as the protector of the Ethereum blockchain, providing security as well as features that include fast transaction speeds and robust market analysis. While the whitepaper of this project has taken a minimalistic approach, it has explained two initiatives that could bolster the value of Scotty the AI on the price charts. One is the Scotty Swap. Scotty Swap refers to an AI-enabled decentralized exchange that will allow users to trade crypto assets easily. The transactions will be quick and users will also get a way to generate profits through their trades. The other element that makes Scotty the AI a good asset for those looking to get into crypto for the first time is ScottyChat, a chatbot with robust market analytics features. The third reason that makes it a suitable entry point for crypto enthusiasts is the fact that it is available as a presale at a discount price of $0.0053. Buy Scotty the AI Sponge V2 – A Meme-Based Way to Get into Crypto Those who want to get into crypto properly need two things. They want the excitement of investing in a token, and they want something that can provide them with long-term upsides. Sponge V2 is a memecoin that covers both. Sponge V2 originated from Sponge V1, a memecoin that arrived in May 2023 and took the market by storm thanks to its unique attributes. It went up by 3200% within four days and crossed the coveted market capitalization of $100 million. Even though the market subsided as the memecoin mania went away, Sponge still had many admirers. Sponge V2 is the way to bring back Sponge to its original form while still providing unique utilities to give investors something bigger and better. Sponge V2 can only be acquired through staking. Sponge V1 holders must stake their tokens in order to get an equivalent number of Sponge V2 tokens. Those who want to get into crypto can buy Sponge V1 tokens directly from the website, which will allow them to buy and stake simultaneously. When Sponge V2 launches, investors can claim them. However, those who decide to keep their tokens locked will earn high APY rewards. First-time investors should consider holding their tokens. That way, they will get the first taste of what holding tokens can bring. Furthermore, since the lowest APY that Sponge V2 promises is 40%, even frugal investors will get a lot out of their first investment. Visit Sponge V2 eTukTuk – High Potential Eco-Friendly Crypto In Its Presale Stage eTukTuk emerges as a groundbreaking eco-friendly cryptocurrency, poised to revolutionize global transportation. With a dual mission of environmental stewardship and building a seamlessly interconnected network of tuktuks, the platform has swiftly garnered attention for its innovative approach. eTukTuk is dedicated to establishing a worldwide grid of electric vehicles (EVs) and charging stations, aiming to curb the environmental impact of gas-emitting vehicles. Supported by a detailed whitepaper outlining its potential environmental benefits, the project has become a hot topic in the world of crowdsales. At its core, eTukTuk offers two key elements: the EV vehicles themselves and a network of charging stations. Moreover, it introduces a play-to-earn (P2E) model, offering investors a preview of its broader objectives. Central to all these endeavors is the project’s native token, TUK, currently available in the presale phase at $0.026 per token. However, as the presale progresses, the token price is slated to increase. With its innovative concept and alignment with current trends, many anticipate significant price surges for TUK upon its official launch. Buy eTukTuk Meme Kombat – Memetic Battles With Minimal Investment In the crypto world, trust and transparency are paramount, and Meme Kombat (MK) is making significant strides in this regard. To ensure security, the project is currently undergoing a smart contract code audit, with the results set to be publicly available on the Meme Kombat website, further bolstering trust among its community. Meme Kombat’s game mechanics revolve around the thrilling concept of meme battles. Users can immerse themselves in a unique world where meme-themed characters face off in epic showdowns. Users can engage in peer-to-peer matches, challenge the house, or place side bets on in-game events, all within Meme Kombat’s user-friendly interface. The project has a well-defined roadmap, with Season 1 launching immediately after the presale concludes, featuring 11 meme characters. Season 2 is scheduled for December 2023, introducing even more meme characters to wager on. Become a part of the project by purchasing $MK tokens at $1.667 on the official website. Buy Meme Kombat Wall Street Memes – Memecoin Backed by A Highly Established Community Wall Street Memes is one of the biggest invest-based memes on social media. With over 1 million followers spread across five social media channels, it has released a new token – $WSM – as a way to pay homage to the old Gamestop short-squeeze (game-stonks). This crypto project isn’t the community’s first venture into the blockchain space. Wall Street Bulls was also launched by it, which became one of the fastest NFT collections to be sold out in 2021. And the WSM presale is showing off similar interest, with over $250k worth of WSM tokens being sold within a span of 1 day. The secret of Wall Street Memes’ success is the strong community that has even garnered some interaction from Elon Musk. And being available at an affordable price at a presale, Wall Street Memes has the perfect combination of benefits to help people get into crypto. Wall Street Memes has ended its presale and is now live on OKX Buy Wall Street Memes Token Open a Crypto Trading Account with a Reputable Cryptocurrency Exchange Apart from investing in the crypto presales, you can diversify your portfolio with newly listed coins or the old ones which you believe can be profitable. But before that, you will need to create an account with a crypto broker through which you can buy and sell the coins. Finding a suitable crypto broker may be a hard choice for you as there are hundreds of options in the market. How can you understand which broker to choose? Here are some factors to consider. Security systems and reliability, Trading fees, Withdrawal and deposit fees/other account fees, Payment methods, Number of tokens supported, Customer support service. The first thing to pay attention to is whether your broker is trustworthy and can guarantee your safety. To meet this requirement, the broker must be regulated and possess strong security mechanisms to protect your account. Crypto exchanges charge trading fees for their services which can be of different types – buy/sell bids, transaction fees, etc. When choosing a broker, explore its pricing structure and select the one with rather competitive fees. Also, pay attention if there are no hidden fees that may be included in the price of the cryptocurrency. Other than the trading fees, brokers charge account-related fees, including withdrawal/deposit fees, management fees, inactivity fees, subscription fees, etc. Make sure that the fees charged by your broker are reasonable and that you can afford them. Another thing to pay attention to is how you will deposit or withdraw money from your account. Check the payment systems supported by your broker to understand if any of these methods are available for you. Finally, you need to pay attention to the opportunities that you will get as a trader from your broker. One of the main things is to check the number of cryptocurrencies supported by your broker. You must ensure that the popular and leading cryptos are listed or that the broker keeps adding new ones to its list. This is also crucial in terms of portfolio diversification. Once you select the broker you want to trade with, go on to its website to create an account. This process usually takes a couple of minutes with the leading crypto exchanges. The next step is to verify your account by providing proof of your identity and address. When you have a verified account, you can finally deposit funds on it or link your bank card to start trading. Learn the Basics of the Cryptocurrency Market It has been more than a decade since cryptocurrencies have been around. This and the fact that any central authority does not regulate them makes them the most volatile assets and the riskiest investment. Due to their volatility, they can bring you high rewards, but the risks are higher too. Hence, it is important to have at least a basic understanding of the crypto market before getting started. If you are completely new to crypto trading, start learning the fundamental terms related to the field. These can be low-cap, high-cap, and mid-cap cryptocurrency concepts, staking, NFTs, digital wallets and their types, different types of coins such as memecoins, speculative assets, coins with P2E elements, cryptocurrency exchanges, etc. It is also essential to get a basic understanding of the trading market and learn about bear and bull markets, simple charts, crypto signals, etc. The next thing to pay attention to is crypto regulations. Though cryptocurrencies rely on a decentralized blockchain, some governments take action to regulate the limits of trading digital assets, etc. Many countries also charge taxes on crypto earnings, so make sure you learn about them beforehand. See our list of the best crypto courses on the market to learn to trade. Open a Digital Wallet and Learn How to Store Your Digital Assets When you invest in cryptocurrencies, it is also crucial to know where you will keep them. Your exchange wallet is an option, however, when it comes to safety, digital wallets are the best to choose from. Besides, when you purchase crypto in its presale stage, you can’t transfer it to your exchange account as long as it is not yet listed on the exchange. Instead, you need to have a digital wallet, link it to the cryptocurrency’s website and get the coins on your digital wallet. Cryptocurrency wallets can come in two kinds – software and hardware. In both cases, you will get two types of keys for your wallet – public and private keys. The public keys can be shared with everyone, and it is usually the address of your wallet. You must provide your public key to send or receive cryptocurrencies. Private keys are created automatically. Private key acts like the password to your digital wallet. Unlike the public key, you need to keep your private key confidential and not share it with anyone. It is actually the way to access your digital wallet, so be careful not to lose them. Apart from your private key, you also create a 12-digit code which is also called seed which will help you to recover your private key in case you forget it. As mentioned already, crypto wallets fall into two large groups – hardware or physical ones and software wallets, which are also known as hot-storage wallets. The latter are apps that can be downloaded or installed on your device. They are more practical if you will trade often and make transactions every week or every day. If you don’t trade quite often and prefer long-term investments, hardware wallets could be a better option. A hardware wallet is a physical device that stands out with excellent security. They can be connected to your device to make the transaction though they are not as convenient for frequent buying and selling. However, if you have made a huge investment and intend to keep it for a long time, a hardware wallet is the best choice. Develop a Trading Strategy It is also recommended to have a plan about how you will trade and develop a trading strategy based on your time, money, and some other factors. Generally, trading strategies can be of two kinds – short-term and long-term trading. Long-term trading or investment happens when you buy an asset and hold it for a relatively long period. The investment span can differ starting from a couple of weeks to months and years. This type of investment is also known as HODLing in the crypto industry. When you make a long-term investment, you believe that the value of the cryptocurrency will increase over time and don’t sell it no matter what happens with the market. Short-term trading is when you buy and sell cryptocurrencies in a short time. As cryptocurrencies are quite volatile, most traders use this method to make money. There are different types of short-term strategies. Day trading is among the most popular ones, during which traders buy and sell assets within the same trading day. Traders also can buy and sell assets within minutes, hours, etc. For example, you can buy a huge amount of Bitcoin and wait for a year or so till its price increases significantly. Then you sell it to gain your profit, and in this case, you make a long-term investment. However, if you find a crypto asset is extremely volatile, and you buy it intending to sell after a few days to make a profit, you make a short-term investment. You can face some challenges when developing a trading strategy as a beginner. To get started, first, you will need to have a basic understanding of how the market works. There are many crypto tools and indicators that seasoned traders use to understand how the market will move. So, they create a trading strategy based on those indicators, which makes short-term trading quite risky. Build a Diversified Cryptocurrency Portfolio When it comes to cryptocurrency trading, risk management is among the first things you need to take into account. And one of the ways to handle risks when investing in crypto is to build a diversified crypto portfolio. To put it simply, you don’t put all your money in a single crypto project but allocate them between multiple assets. In this way, you manage the risks of losing all your money when the only cryptocurrency you invested in crashes. But when you invest in multiple assets, you will not lose all your money, even if one or two assets lose their value. Diversification is even more important in the cryptocurrency market, as these assets are highly volatile compared to stocks, forex, etc. When diversifying your crypto portfolio, it is usually recommended to consider investing not only in well-established cryptos but also in newly emerging ones. See our latest rundown of the best new crypto projects. Obviously, you will need to do some research to build a wisely diversified portfolio and more clearly understand which tokens to choose. Some brokers and exchanges offer features such as copy trading and portfolio building to help users build their portfolio based on their risk tolerance. Make a Passive Income By Staking Crypto Coins If you plan to make a long-term investment in a cryptocurrency project, staking is one of the best methods to gain passive income. It is the process of locking up a certain amount of your cryptos through a platform and earning rewards for that. Not all the cryptocurrencies can be staked, though: only those built on the Ethereum blockchain and use the ERC-20 token standard. In other words, the projects that use the Proof-of-Stake consensus mechanism to operate their blockchain. Let’s say you have invested in the most popular stackable asset and intend to store them for a long period. Instead of keeping your tokens in a digital wallet, for example, you can stake them to contribute to the network and get rewards for that. And clearly, it’s a smart decision to choose the best platforms and coins to stake. When staking a cryptocurrency, first, you need to get familiar with the terms of staking that asset. You need to consider the minimum number of tokens you must own to be able to stake them and how much time your assets will be locked up. Also, it is important to understand the yield that the platform offers for staking your asset. Invest in Crypto Stocks and ETFs Our last tip about getting into the cryptocurrency market is to invest in crypto stocks and ETFs. In this case, you don’t directly buy a certain cryptocurrency but buy the crypto ETF which is a basket of assets combined to help you easily diversify your portfolio. Crypto ETFs are becoming increasingly popular in the market as they aim to gain diversified exposure to the crypto market. Traders also use this method to maximize their profits while saving time. In this case, they don’t spend time picking the coins individually but invest in an already chosen collection of assets. However, it should be mentioned that crypto ETFs are quite risky, and you always need to do your own research before getting started with them. How to Get Into Cryptocurrency Mining Cryptocurrency mining is a popular concept in the industry which is the process of validating the transaction on the blockchain. The latter results in resting a new block, and those who do it get rewarded with new coins. This consensus mechanism is called Proof-of-Work, and Bitcoin is the most popular crypto to use it. When Bitcoin was first introduced, its mining process was quite simple and could be done with a PC at home. However, along with its development and price growth, more and more people get involved in it, which has made the process harder. Plus, the number of Bitcoins that can be mined is halved every four years, which is another factor influencing its mining process. Today, a powerful computer that you use at home is not enough to mine Bitcoin, and you must have powerful and expensive hardware to do that. Additionally, you need to spend a lot of money on electricity bills as Bitcoin mining consumes huge amounts of electricity. Hence, getting into cryptocurrency mining can cost you a lot of time and money. Plus, you will understand if the results are worth it. There is another quite popular consensus mechanism used by Ethereum and other projects based on it. It is called Proof-of-Stake and provides regular rewards through staking. You are supposed to lock up a certain number of tokens into the network to contribute to the blockchain’s operations. You will get rewards in the form of new tokens for the service you provide. While staking may seem quite simple in the beginning, it can be a bit tricky for the beginner. So, we recommend you start making money with cryptocurrencies with easier methods, such as investing in crypto presales. It is the best way to start without spending too much time and money on it. Conclusion Figuring how to get into cryptocurrency can seem tricky at first, but it is actually simpler than one can imagine. If you have difficulties with it, there are several ways to get started crypto trading. Throughout the guide, we have discussed multiple ways of getting into both new and old cryptocurrency projects and introduced the top 8 tips to get started. We consider that investing in crypto presales is among the best strategies because you start investing with little money. As long as the projects are about to launch, they conduct a presale and sell the token at its lowest price. The token gets listed on the exchange with a higher price, but it can further grow based on the popularity and adoption of the project. So, investing in the early stages of the development of a project can bring you good returns in the future. According to our research, Smog is the best way to enter the crypto space right now. The token is currently available on the Jupiter exchange and has a unique concept which could be a major factor for its growth in the upcoming months. Readers ready to take the next step may also be interested in our related guide on how to money with cryptocurrency. Smog (SMOG) - Newest Crypto Launch Rating Fair Launch on Jupiter Free Airdrop Rewards High APY Staking - smogtoken.com Solana Based Meme Coin with ETH Bridge Trending on DEXTools Upcoming CEX Listings Learn More FAQs on Getting into Crypto What is the best way for a beginner to get into crypto trading? We have shared several tips that you can use to start trading cryptocurrencies as a beginner. Perhaps, the first thing you should do is to get a fundamental understanding of the cryptocurrency market. Simultaneously, you can use your theoretical knowledge in practice by creating a trading account and starting with some small-volume trades. Alternatively, you can start investing in popular crypto presales, which are quite affordable and easy to start with. Is it a good time to get into the crypto market? Cryptocurrencies have been in the bear market for the last few months, experiencing a deep drop in their value. However, the situation has changed since January, and many cryptos have experienced a big pump. Bitcoin’s value has grown to $23,000 from $16,000. So, it is a good time to get to trading as the prices are expected to increase even higher. In any case, do your own research before investing in any project and make sure that it is worth your money. How can I get a passive income from cryptocurrencies? One of the most popular methods to make a passive income from cryptocurrencies is staking. Crypto projects based on the Proof-of-Stake consensus mechanism will let you lock up a certain amount of your assets, thus contributing to its network safely. In return, you will be regularly rewarded with new tokens. ETH is the most popular crypto to stake, and all the other tokens based on the Ethereum blockchain are stackable as they use ERC-20 token standard. How much money do I need to get into cryptocurrencies? It depends on your trading strategy and plans. You can start by investing in several cryptocurrency presale projects which are traded below $1. It is quite a good way to start, as these projects may increase by several times once they land on exchanges. You can also open a trading account with a reputable crypto exchange and start trading.