How to securely buy and store Bitcoin and Tezos in Corona Crisis (COVID-19)
Bitcoin and Tezos can be a safe haven during the crisis. As stock markets crash, money is printed in enormous amounts, gold is not available anymore, cryptocurrencies can be a way to diversify your portfolio. But keep in mind, that you have to be aware of some things. Here is the guide what we think is best to buy Bitcoin and Tezos during the Corona Crisis.
Choose a trusted exchange
As companies tend to fail these days, it is more important than ever to choose the right exchange to buy your digital assets. Here is our list of preferred cryptocurrency exchanges in the COVID-19 crisis.
United States:
Coinbase is one of the most trusted retail exchanges in the United States, offering deposits in US-Dollar. Credit card and other instant payment methods available.
Europe:
Bitpanda is one of the most trusted retail exchanges in Europe, offering deposits in Euro, Swiss Franc and British Pounds. Credit card and other instant payment methods available.
Asia:
Binance is one of the largest and long lasting exchanges within the Asian area. Offering wire and credit card deposits.
Safeguard your cryptocurrencies
Keeping your cryptocurrencies on an exchange is still not the best idea during a crisis even if you have chosen a trusted one. We recommend to get a hardware wallet and to store your
Being the owner of your private keys is key ;-).
We recommend to get a Ledger Nano S (cheap) or a Ledger Nano X.
Keep cool and stake
Volatility on the cryptocurrency market is the main concern in these days. We recommend to stay cool and to overreact on market movements.
If you are holder of Tezos(XTZ) you even have the possibility to generate passive income during the Corona crisis by staking* your coins, keeping them securely on your hardware wallet. How this works we show you here (for the Tutorial you need a Ledger first:
We hope this helps you to keep your cryptocurrency portfolio save during the Corona crisis or circumstances which may occur after the crisis.
Kind regards
Tezard
— You shall not parse! —
Disclaimer: Please note that this article is only a technical review. There is no investment advice given here. Please note that investing in cryptocurrencies can involve high risks. The term “passive income” means that you will be rewarded with Tez by participating in the network. If you can earn money depends on the current market prices of the Tezos coin, which can not be foreseen.
*Staking rewards can vary, as the network or the participating amount of staker can vary.