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Similar to the stock market (although not exactly), an individual exchanges dollars, or whatever the country’s currency is for virtual coins or part of a coin.

There are more complicated ways to buy or sell crypto that avoid fees, however using some sort of broker that will include a small fee for every time you buy.

Similar to stocks you can buy a small piece of many, or go all in one two to three coins. The top three coins are Bitcoin, Ethereum, and Litecoin. You can buy these on Buy/Sell Digital Currency — Coinbase. There are other brokers that allow you to buy many other coins. However, to buy those other coins you’ll have to exchange Bitcoin, not dollars.

How do you make money? Buy and hold. That’s it.

The coins’ worth can be exchanged for dollars using these networks. Some say it’s about timing, others have a longer strategy. When you get ready to cash out, cash out.

If one would have spent $1,000 on Ethereum on March 12th, 2017, at $25 a coin, he/she would have had 40 coins. If one held these coins until today, June 9th, one coin would be worth $269. A virtual portfolio would have gone from $1,000to $10,760 . That’s a 10x return. The beauty of it is you can buy just one coin, or a part of a coin. In order to realize these gains, one would need to convert it to cash.

There are other and more sophisticated ways to make money with crypto, but this is the most straightforward.

You’ll have speculators telling you they know the next big coin (a current coin that’s priced low, but is predicted to go high), however speculation is what it is and it’s still all a gamble.

You could diversify like some do with index funds and spread your investment over 100 coins, or go “all in” on a blue chip, so to speak.