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Explain Crypto To COMPLETE Beginners: My Guide!!?????5 steps for investing in cryptocurrency � 1. Understand what you're investing in � 2. Remember, the past is past � 3. Watch that volatility � 4. Focus on the total dollars you want to invest and not the number of coins you want to buy. Also, always remember, never invest more than you can. First, you need to pick an exchange to buy from�like choosing a broker for stocks. After selecting which exchange you want to start investing in cryptocurrency.