The bulls are once again starting to see the light of day in the crypto market. When the mainstream media outlets begin to turn their attention back to cryptocurrency, traders will flood into the space. The explosive growth will result in millions of incumbents looking for a quick buck, threatening another bubble for this volatile asset class.

While it’s exciting to get caught up in the hype, it’s important for us to stay grounded so we don’t get trapped with misaligned expectations. Trading cryptocurrency can be a complex process and you don’t want to learn lessons the hard way. It will result in the loss of funds, deteriorating sanity, and an overall animosity towards the crypto assets. Start out with the correct foot forward by reading this article and taking these lessons to heart.

1. Pick a Reputable Exchange

Before owning any cryptocurrency, it’s important to research the reputable brands in the market which provide exchange services. This will have a direct impact on where you purchase your cryptocurrencies, how you trade, and the community in which you will become involved.

As a beginner, it’s important to focus on buying your cryptocurrency from a trusted and reliable source. Instead of focusing on “getting the best deal”, go with the exchange with the best reputation. Even if it costs a bit more, it’s worth the piece of mind and security. Due to the nature of cryptocurrencies, scammers are abundant. It’s a global market where transactions are final. Once you have sent a cryptocurrency payment, there are no charge backs, no banks you can call, and absolutely no way to become reimbursed. Getting a sweet deal in crypto can mean getting scammed.

The most trusted exchange for purchasing cryptocurrency is Coinbase. We highly recommend beginning your journey with Coinbase because you can rest assured your funds are secure, their support team is ready to answer any questions, and the experience is enjoyable. No other exchange compares to the reputation of Coinbase.

In order to get started with Coinbase, read our guide on how to purchase your first cryptocurrency and set up a portfolio.