How to Invest in Crypto Without Prior Experience, and Is This Coin Worth Less than $0.1 a Good Start?
Investing in crypto projects may sound scary, especially when engaging with the concept of blockchain, virtual assets, or decentralized finance (DeFi) for the first time.
However, the industry has advanced significantly, and it has never been easier to embark on your first crypto journey, even more so with so many materials, educational institutions, and platforms available for all stages of users.
While some head straight for the industry giants (Bitcoin and Ethereum), others opt to buy small amounts of a smaller crypto project they think has the potential to skyrocket. With its successful token presale, growing community, and a token price of under $0.10, Rexas Finance ($RXS) is one of the more anticipated projects in the real-world asset (RWA) tokenization space. This article will explain the process of buying crypto, as well as how $RXS may be a good choice if you have your eyes on tokens worth under 10 cents.
Step 1: Studying Cryptocurrency
Before considering investing in your very first cryptocurrency, we need to describe how it works and what it is.
Cryptocurrency is a type of digital asset that exists online and can serve various purposes, such as powering decentralized applications, providing access to services, or functioning as a form of payment. It operates on secure blockchain technology, which ensures transparency, security, and immutability by recording all transactions in a way that cannot be altered.
Step 2: Finding Your Crypto Investment
Investing in cryptocurrency involves finding the token that you believe would create value in the years to come. People usually prefer the big coins like $BTC, $ETH, etc. However, those who would like to invest in smaller cap coins and take on a bit more risk for more potential reward in the future often end up investing in some of the thousands of other public coins and tokens.
Investing in early-stage projects allows you to take on more risk but also potentially get rewarded with higher gains if the project attracts more widespread attention. We’ll use Rexas Finance as today’s example due to its presale price of $0.05, as well as its so-far extremely successful presale fundraising efforts.
Rexas is an innovative project that aims to tokenize real-world assets, meaning that users can transform real-world assets like properties, artworks, and products into blockchain assets.
Step 3: Set Up a Cryptocurrency Wallet
To acquire Rexas Finance or any other crypto, you will first need to get a crypto wallet in which you will keep the coins you acquire. A cryptocurrency wallet is a device or software that enables users to send, receive, and hold digital currencies like Bitcoin or $RXS.
You can use various types of wallets:
- Mobile wallets: These are apps you can download to your phone. Examples include Trust Wallet or MetaMask.
- Hardware wallets: These are tangible instruments that provide a digitally uninformed means of saving electronic money, examples include devices like Ledger or Trezor.
To begin, MetaMask or Trust Wallet is a good choice as they are intuitive and deal with crypto exchange websites.
Step 4: Buy Ethereum ($ETH) or Tether ($USDT)
To invest in a token, you would likely have to purchase a larger cryptocurrency first. In the case of Rexas finance, this means you would have to acquire Ethereum ($ETH) or Tether ($USDT).
You can acquire $ETH or $USDT through centralized exchanges, fiat onramp third parties through decentralized wallets, or even through in-person sellers.
Step 5: Purchase Your Desired Token
One of the most attractive investments to investors who prefer small-cap tokens is token presales. Presales are fundraising events that projects introduce before their tokens are made available on major exchanges. This enables investors to support the token they believe in at a cheaper price, boosting their potential gains. On the other hand, it provides a great way for the project to fund its development and marketing efforts, as well as gauge its community growth.
Our example, Rexas Finance, is currently in the third stage of its presale, with the token being priced at $0.05. In the subsequent stage, the price for the token will increase to $0.06.
How to Participate in the Rexas Finance ($RXS) Presale:
- Access the Rexas Finance site: Navigate to the official Rexas Finance website and connect your wallet.
- Choose your payment method: Choose either $ETH or $USDT to purchase the $RXS token.
- Specify your desired token amount: Specify the volume in $ETH or $USDT that you are ready to spend for the $RXS acquisition.
- Finalize the purchase: Once the presale is over and you have confirmed the transaction, the $RXS tokens will be sent to your wallet after the purchase cost has been deducted.
Step 6: Stay Close to Your Investment
Regardless of the cryptocurrency you decide to go with, it is important to monitor your position, as well as the developments in the broader crypto market.
If you decide to go with a smaller cap token, paying attention to the phases of realization of the roadmap is crucial.
Your First Step Into the Crypto World
Your first investment into crypto doesn’t always have to be difficult. With the industry advancing and user experience improving, investing in a project only takes a couple of clicks.
For those who prefer a more cautious strategy, established cryptocurrencies like Bitcoin and Ethereum often serve as the go-to options. These assets are generally seen as less volatile, offering a more stable entry point into the crypto space.
On the other hand, more risk-tolerant investors may explore smaller tokens or participate in presales, which can potentially offer higher returns but come with greater uncertainty. Rexas Finance is an example of such a project, as it is currently priced below 10 cents, has a growing network of supporters, and has a successful presale campaign.
While more established cryptocurrencies appeal to those seeking lower-risk, lower-reward, projects like Rexas Finance highlight the higher-risk, higher-reward side of the crypto market, illustrating the diverse options available to investors depending on their financial goals and risk appetite.
For more information about Rexas Finance ($RXS), visit the links below:
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
