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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Step 1. Create an account
To get started, create an account on Archax. This registration process involves providing your details and verifying your identity. For added security, Archax enables Multi-Factor Authentication(MFA) on your account.
Step 2. Deposit funds
Once your account is set up, you need to deposit funds. Archax supports multiple currencies, including GBP and USD. Navigate to the Custody and Deposit section and select the currency and amount you wish to deposit.
Step 3. Choose your cryptocurrency
After depositing funds, decide which cryptocurrency you want to invest in. Archax’s interface shows real-time data and price charts, helping you make informed decisions.
Step 4. Place your order
Using the trading interface, you can place your buy order. Click on Buy & Sell and enter the amount of cryptocurrency or fiat value you want to purchase and review the transaction details before confirming. Assets will be delivered to your custody wallet once the purchase is successful.
Step 5. Store your cryptocurrency securely
Once you have purchased cryptocurrency, it’s crucial to store it securely. Archax custodial services, ensure that your assets are protected with to highest security standards.
Step 6. Monitor your investment
Keep track of your investment by regularly monitoring the market. Archax’s Advanced Trading interface provides real-time updates and detailed trade history, allowing you to stay informed about your portfolio’s performance. You can view your trade history, including details like the quantity of cryptocurrency bought, price, and date of transaction.
Tips for investing in cryptocurrency
- Do your research: Understand the fundamentals of the cryptocurrency you are investing in. Research its use case, development team, and market potential.
- Invest wisely: Only invest what you can afford to lose. Cryptocurrency markets are highly volatile, and prices can fluctuate significantly.
- Stay updated: Subscribe and follow news and updates about the cryptocurrency market to make informed decisions. Regulatory changes, technological advancements, and market sentiment can impact prices.
- Understand the Risk: You should be aware that cryptocurrency is a high-risk investment, and you should not expect to be protected if something goes wrong.
Next steps
Investing in cryptocurrency in the UK can be a rewarding venture, if done correctly.