If you’re like us, you’ve seen the current cryptocurrency craze going on. So, how can you get started investing wisely?
Three of the best ways to maximize your profit and reduce your risk is to take a cryptocurrency course, listen to crypto podcasts and read cryptocurrency books — the latter of which we’ll break down in this article.
If you’re ready to check out some of the best cryptocurrency books of 2024, let’s get started!
The Best Cryptocurrency Books of 2024
Okie dokie, bookworms and crypto enthusiasts! Are you ready to boost your cryptocurrency IQ?
We’ve handpicked some fantastic reads that will turn you into a crypto authority in no time. Here are our top picks:
1. “Cryptocurrency Investing For Dummies” by Kiana Danial
Dive into the world of cryptocurrencies with this user-friendly guide. It’ll take you through the volatile market with practical advice on trading and investing in the top 200 digital currencies.
Learn more about this cryptocurrency book on Amazon.
2. “How to Make Money Online with Crypto: Mastering Cryptocurrency, Bitcoin, Blockchain, NFTs, DeFi, Altcoins, & Other Digital Assets” by Brian Scott Fitzgerald
This comprehensive guide is jam-packed with insights on investing and trading in the crypto market — this is what makes it one of the best crypto books today.
Whether you’re a beginner or looking to level up, this book decodes the secrets to success in the digital finance revolution.
Check out this cryptocurrency book on Amazon.
3. “The Only Cryptocurrency Investing Book You’ll Ever Need: An Absolute Beginner’s Guide to the Biggest ‘Millionaire Maker’ Asset of 2022 and Beyond” by Freeman Publications
This book gives you a front row seat to understanding why crypto is the fastest-growing financial asset on Earth.
Packed with insider tips, it’s a must read for anyone aiming to be part of the less than 8% of the global population owning crypto.
Learn more about this cryptocurrency book on Amazon.
4. “The Everything Guide to Investing in Cryptocurrency: From Bitcoin to Ripple, the Safe and Secure Way to Buy, Trade, and Mine Digital Currencies” by Ryan Derousseau
This all-in-wonder is a gold mine for understanding the A-Z of cryptocurrency investing. Learn about different major cryptocurrencies, how to buy and sell them safely, and how to manage your digital assets like a pro.
Take a look at this cryptocurrency book on Amazon.
Whether you’re just starting out or looking to up your game, these books are your trusted companions on your crypto journey. Happy reading, and may your digital currency adventures be both profitable and enlightening!
Now that we’ve broken down the latest and greatest crypto books, let’s make sure we cover some crypto basics before ya go!
What Is Cryptocurrency?
What exactly is all the buzz surrounding cryptocurrency that’s got everyone talking?
Well, at its core, cryptocurrency is a digital payment system that doesn’t need banks to validate transactions.
It’s like sending an email; you don’t need a post office to send it — similarly, cryptocurrencies work on a peer-to-peer basis, enabling anyone, anywhere, to send and receive payments.
Think of your money as digital entries in an online ledger, not physical cash jingling in your pocket. Every crypto transaction gets logged in this public ledger, making it as transparent as it is secure.
And your digital dollars?
They’re tucked safely in digital wallets, like virtual mini bank accounts in your pocket.
Here’s where it gets cooler, geek out with me for a minute: “Cryptocurrency” is all about encryption. You essentially have a secret code that guards your cash, making sure your transactions are bulletproof.
Let’s not forget the trailblazer that started it all back in 2009, Bitcoin. It’s not just a tech fad — it’s a potentially profitable yet risky adventure, much like the stock market.
Crypto’s more than just an innovative way to handle money… it’s a financial revolution that’s grabbing eyeballs worldwide.
Whether you’re a real estate tycoon or just getting your feet wet, understanding crypto is crucial. And what better way to up your crypto game than with some top-notch books?
We’ve got killer book recommendations below to help you get started. Before we get to that, though…
How Does Cryptocurrency Work?
So, you’re probably wondering, “How does this digital magic money actually work?”
Let’s break it down…
Cryptocurrencies operate on a technology called blockchain.
Imagine blockchain as a digital ledger, but instead of being in one place, it’s spread across a network of computers. Every transaction made with a cryptocurrency gets recorded on this ledger, making it both transparent and secure.
The Mining Process
Here’s where it gets a bit techy — but stay with me! Cryptocurrencies are created through a process called mining. No, it’s not about pickaxes and hard hats — it’s about using computer power to solve complex math problems.
Solving these problems generates coins. Think of it as a digital treasure hunt, where your computer’s brain power is the map.
Owning Cryptocurrency
If you own cryptocurrency, you don’t actually own a physical object. What you have is a key. This key allows you to move records or units of measure from one person to another without needing a middleperson. Pretty neat arrangement.
The Future of Cryptocurrency
Bitcoin kicked things off in 2009, but the world of cryptocurrencies is still evolving. We’re talking about a future where not just money but bonds, stocks, and other financial assets could be traded using blockchain technology.
The possibilities are mind-boggling!
How to Get Started in Cryptocurrency
Ready to dip your toes into the cryptocurrency pool? Here’s a quick and handy overview to get you started:
Step 1. Choose a Platform
First up, choose your platform. You’ve got 2 main options: traditional brokers or cryptocurrency exchanges. Brokers are like the online version of stock markets, offering a mix of cryptocurrencies and other financial assets. Exchanges are the crypto powerhouses, offering a wider range of currencies and features.
Step 2. Fund Your Account
Next, fund your account. You can use fiat currencies (like USD, GBP, or EUR) and pay by debit card, credit card, ACH transfer, or wire transfer. Each platform has its own set of accepted payment methods and associated fees, though, so pick what works for you.
Step 3. Place an Order
Finally, it’s time to buy! Whether it’s through a web or mobile platform, the process is simple. Choose “buy,” pick your cryptocurrency, enter the amount, and you’re all set!
You’re part of the crypto club. Hooray!
And keep in mind, there are other ways to invest in crypto, like through payment services or investment vehicles like Bitcoin trusts and ETFs (exchange-traded funds). Just remember, it’s a journey, so take your time, do your research, and most importantly, have fun exploring the digital currency universe!
Or, if you’re looking for another way to invest in cryptocurrency, you can earn passive income from liquidity pools whether or not the crypto market is going up or down. Learn more about this by checking out Automatic Payment Pools!
The Best Cryptocurrency Books
We’ve journeyed through the digital wonderland of cryptocurrency, from the basics to getting started, and even dove into some must-read books to quench your crypto thirst. The world of digital currencies might seem like a roller coaster at times, but armed with knowledge and insight, you’re more than ready to join the ride. Enjoy!
