Beginner's guide
to crypto!
Whether your goal is to set up a crypto savings plan or to start crypto day trading, it all starts with buying your first crypto. Invity is here to open the world of crypto safely and easily!
Get started with crypto!
What coin should I start with?
How should I approach my decision?
Cryptocurrencies let you be your own bank, meaning you get to manage your investments directly. So the way you invest in crypto is based on your situation and needs informed by your own research. A good all-around starting point is the first and most popular cryptocurrency, Bitcoin.
First, you need
a crypto wallet
Keep your crypto safe and accessible
I already have a walletWhat is a crypto wallet?
What is a crypto wallet?
Like with offline money, you need a way to protect your crypto while keeping it close at hand: a wallet. This can be a smartphone app or a standalone device. Whatever your choice, keep it secure.
Crypto wallets don't contain coins - coins are only pieces of a blockchain network. Wallets contain your keys.
Two types of keys, public and private keys, are bits of data that let you access the blockchain and thus your coins.
Keys are like your bank account number and your signature on a check. They're how you receive and send your crypto.
Where can I get a crypto wallet?
Hot (software) wallet
Where you get your wallet depends on the type of wallet you want. If you want a convenient app (a "hot wallet"), these can usually be downloaded from the creator's website or an app store for free or low cost. If you’re located in the EU, Iceland, Norway, or Switzerland, the Invity mobile app is the ideal, easy-to-use, safe & simple gateway into the world of Bitcoin. For non-EU users, Blockstream Green and the BlueWallet are other trustworthy, easy-to-use hot wallet choices.
Learn more about crypto wallets
Cold (hardware) wallet
When deciding on your first crypto wallet or upgrading, make sure a wallet supports the coins you want to invest in.
The Invity mobile app
Take your first step into the world of crypto with us and see for yourself that crypto can be simple, intuitive, and secure.
- Buy & sell bitcoin with just a few taps
- User-friendly interface without unnecessary features and jargon
- Save for the future with dollar-cost averaging
- Send & receive bitcoin hassle-free with a QR code option
- Top-tier security for your funds and payments
- Learn as you earn with useful in-app tips
What is a crypto address?
A crypto address is similar to a postal address or email address: it's where you'll receive your crypto when you buy or receive some as part of a trade. Another person's address is where you'll send your crypto when you spend or trade crypto.
Addresses are mathematically generated from the public key that your crypto wallet protects.
The process that generates an address preserves your privacy and can produce endless numbers of addresses.
You can have as many addresses as you like. Using a new address each time you receive crypto is a security best practice.
The exact address format also varies depending on the crypto. You must use a key and address specific to the crypto you are buying. Read our blog to learn about some of the major coins.
In the Invity mobile app, you’ll find your Bitcoin address simply under the Receive feature. For easier sharing, you can also make use of the QR code functionality.
Be prepared to
verify yourself
Get your documents and phone ready
I already have my IDsWhat is verification?
What do I need to verify myself?
Why do I need to verify myself?
Verification is also called "know your customer" (KYC). Along with anti-money laundering (AML), KYC is a required step for finance institutions - from banks to crypto exchanges - to operate legally. It helps keep the crypto ecosystem safe for everyone. Learn more about KYC.
It's also good to note that Invity's Exchange feature includes crypto exchanges without KYC, meaning crypto-to-crypto exchanges can happen even more quickly.
KYC in the Invity mobile app
Verification is mandatory in order to use the Invity app. However, it’s a simple, painless, one-time process, and we’ll guide you every step of the way:
- Take a photo of an ID document (Passport, national ID, residence permit)
- Take a selfie
- Upload a document (e.g. utility bill) as proof of address
- Wait to be verified (usually a couple of minutes)
- Enter the world of Bitcoin!
How do I get offers?
Go to Invity.io or select Buy crypto in the Invity menu. Before you start, double-check that your wallet, phone, and verification materials are ready. Then make sure "Offers for" is set to your location - this ensures you see all applicable offers when you buy your first crypto.
Choose a currency to spend
You can spend over 30 world currencies using a credit card, debit card, bank transfer, or local payment methods.
Choose how much to spend
Type in how much cash you want to convert to crypto. Or click the double arrows to type how much crypto you want to purchase.
Choose which crypto to buy
Use the drop-down list to choose which coin you want to buy. You're all set - now hit "Compare and buy"!
The payment method you choose can also be beneficial; read our blog to learn more about local payment methods.
Compare and buy crypto instantly!
Invity's comparison tool will show you offers from around the web based on the info you provide. Compare crypto prices, payment methods, and provider details all in one place. All applicable exchange fees already included - what you see is what you'll get. Just select "Get this deal" next to the offer you like best.
Currency to spend
Invity's results pages recap how much of your selected currency you want to convert to crypto. If you choose a smaller currency, you may also see alternative offers in major world currencies for even more options.How much crypto you can buy
The main focus of each offer is how much crypto you will end up with for the amount you want to spend. Find this on the left side of the list of offers along with the symbol of the coin you want.Payment method
Just to the right of center on each offer is the payment method you'll need to use to get that price. Credit card, bank transfer, or local payment methods - Invity connects you to a dozen options with more on the way.Provider
Beneath the "Get this deal" button is the logo and name of the provider that will carry out your crypto purchase. Not every provider works in every location or with every currency, so check this carefully.Try our app
for the simplest way to buy bitcoin
With the Invity mobile app, you can get your first bitcoin in just a few taps. You won’t encounter any unnecessary features, technical jargon, or hidden fees. Try the safe & simple Bitcoin experience and embark on your journey towards financial independence!*
*The Invity mobile app is currently available in countries within the European Union, Iceland, Norway, and Switzerland.
Your companion
in cryptocurrencies
Compare. Buy. Sell. Exchange. All in one place.
Compare crypto exchanges in real-time, choose the best offer, then buy Bitcoin and altcoins instantly.
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