What Is the Least I Need to Know to Get Started With Crypto?

Technically, you don’t need to “know” anything. You can make a Coinbase account, load it with cash from your bank, and buy up a bunch of ETH and BTC, and hold it forever without doing a drop of research.

Is that the best play? Absolutely not. But we see it happen all the time.

As far as the least you need to know, the honest answer is a bit abstract. Why do you want to get into crypto?

Once you know the “why”, a lot of other things will fall into place.

“I want to get rich overnight!”

Ohhhhhhhkkkaaaayyyy. Good luck.

“I want financial freedom!”

Good Lord… This person is doomed to start going down the DeFi rabbit hole and will probably never stop until they go nuts. 

Let’s give you a quick example of the “why” from one of our own team members.

This gentleman was most attracted to two things – 1. DeFi and 2. Yield farming. He’s tried a lot of different strategies. Played around with different blockchains and projects within these ecosystems. And he now has a decent plan in place that’s making him some passive income. He’s been in DeFi for almost three years and it’s only been in the last few months that he has realized how comfortable he is with his current strategy.

He’s worked with DeFi projects as an independent contractor and as a paid Discord moderator. This guy had his finger on the pulse for nearly three years before he got to where he wanted to be.

It takes as long as it takes. The number and level of knowledge will be different for every individual user.

Meta – You need the right tools to get the job done. This will probably start with a CeFi account, a hot wallet, and of course, a cold wallet for maximum protection.