Regarding your private keys, can either keep them on a software wallet, or on a hardware wallet. The software wallet is the easiest way for beginners, but it implies that you have a computer that is properly secured (strong password, antivirus etc.) and that you do backups of your data. Remember, if you lose your private keys, the money is gone forever. As you get into cryptocurrencies more seriously, you will inevitably look for a hardware wallet, which is a dedicated device resistant to hacking where you can store your private keys (or to say it in an easy way, your crypto assets/invested money). I have already written an article on a hardware wallet, the TREZOR (see here). The most common wallets are the TREZOR and the Ledger Nano S. The TREZOR has a new model being sold from January 2018 (Model T) which will support much more currencies than the current TREZOR. The Ledger Nano S has more integrations currently, but I would recommend to wait for the TREZOR T to judge properly. Those devices usually cost around 100 USD, so once you have more than 100 USD to protect it starts making sense to get one.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, a registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp").
Finally, one point to mention is that a given cryptocurrency can be listed in more exchanges, with different listing prices (see below – Arbitraging). The best place to look for a cryptocurrency listing in term of total market capitalisation is Coinmarketcap. Cryptocurrencies are listed per descending order of market capitalisation; the site also allows to deep-dive on each cryptocurrency to see their value over time and where they are listed. Some cryptocurrencies may be listed on several exchanges but only 1 or 2 exchanges may see the critical mass of transactions taking place.

Discount brokers used to be the exception, but now they're the norm. Discount online brokers give you tools to select and place your own transactions, and many of them also offer a set-it-and-forget-it robo-advisory service too. As the space of financial services has progressed in the 21st century, online brokers have added more features including educational materials on their sites and mobile apps.


Blockchain Ventures: Amid rising popularity of blockchains, many crypto exchanges have emerged. Such exchanges are venues for trading cryptocurrencies and derivatives associated with that asset class. Though their popularity remains limited, they pose a threat to the traditional stock market model by automating a bulk of the work done by various stock market participants and by offering zero- to low-cost services.


Buy “the basket”: Can’t decide which of the companies in a particular industry will be the long-term winner? Buy ’em all! Buying a basket of stocks takes the pressure off picking “the one.” Having a stake in all the players that pass muster in your analysis means you won’t miss out if one takes off, and you can use gains from that winner to offset any losses. This strategy will also help you identify which company is “the one” so you can double down on your position if desired.
×