What happens if you buy crypto?

So, you're considering buying cryptocurrency. Let's break down what happens when you make this move. First, you'll need to set up a digital wallet, which is where you'll store your crypto. Then, you'll have to choose a cryptocurrency exchange, where you can buy and sell digital coins. Once you've done that, you'll make a purchase using your preferred payment method, like a bank transfer or a credit card. Your newly bought crypto will then be deposited into your digital wallet. It's important to note that crypto prices are volatile, meaning they can rise or fall significantly in a short period of time. So, while there's potential for gains, there's also a risk of loss. Do you have a clear understanding of the risks involved and a strategy for managing them?