Crypto for Beginners: How I Would Start Today with Just $1

Not financial advice!!

Blog post description.

7/3/2026 5 min read

How to Get Started in Crypto — Bitcoin Kindergarten

I made money in crypto, and I'm not good at tech, and I'm not good at math. Well, I am now that I understand how lucrative it is. Please send me any of your questions in the contact form at the bottom of the page. There are no stupid questions, only stupid people. If you ask questions, you're smart! The more simple and basic the question, the better I can answer it in a blog post and help everyone.

All vocabulary words are in italics and in the glossary below. One of the hardest things about crypto is its new vocabulary.

The whole point of investing is to get rich . The faster you're trying to get rich, the riskier it is. We call that high risk, high reward.

At this point, Bitcoin is not high risk. Every major bank and every major corporation is invested in it now. To put your whole net worth in it is risky. So diversify.

I'm just gonna give you some of the basics that I can think of for getting started and what I would do today. Always check the date of the blog post because things change all the time.

Why Are People Afraid to Invest in Bitcoin?

Bitcoin is too expensive. I can't afford it.

As of today, Bitcoin costs $60,000 for one Bitcoin. But you can own 0.0001 Bitcoin. You can buy $1 in Bitcoin.

How long does it take to get my money?

Number one is that people don't know how to get their money back! They have a lot of ideas, like if they invest, can they cash out? I can have thousands of dollars' worth of Bitcoin cashed out within five minutes and in my bank. It's that easy. You cash out at what we call a Centralized Exchange (CEX). They all require KYC. That means you have to verify your account and connect your bank so that you can put the money into your bank or or app.

I use Coinbase to cash out. That's just my habit, but people use different exchanges like Binance, Kraken, Gemini, PayPal, Cash App, Venmo, etc. If I were starting today, I would definitely use Cash App!

When you are more advanced, you can use a decentralized exchange, and it will take about three extra minutes to get your money out.

How EXACTLY do I cash it out?

#1. You just "Sell Bitcoin" for USD Cash, not USDT, USDC, etc.

#2. TRANSFER Cash to your bank or leave it in your Cash App if you need to send money to someone.

If I were starting today, this is exactly what I would do.

#1. I would download Cash App to my phone.

#2. I would buy $1 worth of Bitcoin, or $100, whatever your risk tolerance is. Many people are very nervous about buying Bitcoin, so I always just say buy $1 worth.

#3. Sell it to see how it works.

👉🏻Now you have all the confidence you need to get started. After this you are no longer a beginner but a Bitcoiner! 🚀

The reason I say Cash App is because recently Cash App has dropped all fees on buying and selling crypto. They want to become the number one exchange! You will pay a fee on Coinbase and every other exchange.

Virtually every bank and payment service uses Bitcoin now because they know that's where the money is at behind the scenes. Bitcoin has become mainstream over the last few years.

👉🏻 Anything I say here is 100% my honest opinion and information. I'm not trying to get rich on my affiliate links, but I do appreciate it if you use them!

How to Get Rich in Bitcoin:

The tried-and-true method of getting rich in crypto is to hold it for five years or at least a couple of years. We call it hodling. That is how you get rich. There are many millionaires out there who drove Uber for a couple of years and just invested every penny they had in Bitcoin. One is Toby from the "Crypto Tips" podcast. He is a multimillionaire right now. Of course, the more mature bitcoin is it's likely to be hard harder and hard harder to get rich like it was in the early days.. but most of us think that these are still the early days. They are some of the most honest people in the space, even if they're always harping on and on in their libertarian fatalism.

There are a lot of other ways to make money in crypto, but that is the easiest and the best. You don't have to know any charts. You don't have to know anything. Many influencers and people, and even your friends, are going to exaggerate how much money they made trading because they didn't also factor in how much money they lost.

Once you know the Bitcoin basics, there are other steps, and I will put them here. There's high risk, medium risk, and low risk. Hodling Bitcoin is the low risk. That's how you get rich. Read Warren Buffett's biography. He literally was thinking in terms of 10 years whenever he was buying a stock.

When the price of Bitcoin goes up and you have doubled or tripled your money, it's good to take profits. Take some money out, buy something, pay some bills, diversify investments into land or whatever, because Bitcoin will go up and then it will go down. So if you take profits when the price is really high and you've made a lot of money, then there's no way you can ever lose money. That's the lowest risk strategy.

Overall, the safest crypto investing strategy to get rich is:

#1. BITCOIN — keep it as at least 70% of your portfolio.

#2. Blue-chip cryptos, like Solana, Ethereum, or any that are in the top 10.

#3. High-risk new coins, which have the ability to make very high profits quickly, but you can also lose that money easily.

Crypto is the Wild West, and before you listen to your friends, influencers, or even the most famous podcasters, you need to understand that they are giving their own opinion; and many are trying to get you to join something or are just trying to give you clickbait so they can make money on their YouTube channels, etc. Some people are just very confident and sound very smart, but they are not wise.

NOTE: Many very smart people are going to tell you that you need to wait until the price drops to a certain number in order to buy Bitcoin. People have a lot of strategies, and many of those people do not make money in crypto because they wait. What most of us do who have made money is called:

DOLLAR COST AVERAGING: That is when you buy crypto on a steady basis or just disregard the price and buy it at all different prices. If you hodl, it will go up significantly over time.

So you just buy it at whatever number it is. If you keep holding, the number will most probably just keep going up over time, with some major dips and setbacks along the way.

Below is a chart of the all-time Bitcoin chart, and you do not have to know math to see that it goes up!

Crypto Vocabulary

Centralized Exchange (CEX): This is where you buy and sell crypto, but it is an official commercial business that you can connect to your bank directly. This would be Coinbase, Kraken, Binance, Cash App, PayPal, Venmo, etc. It's called centralized because it is owned by one corporation. In the United States and many countries, you have to do something called KYC, and that is where you are verified.

KYC means “Know Your Customer.” It is when a company asks you to prove who you are, usually with an ID, so they can verify your identity, prevent fraud, and have an electronic record of every transaction.

Risk Tolerance: How much can you handle Bitcoin’s price going up and down? Can you stay calm when the price changes a lot? If you have a low risk tolerance and get very nervous, it is better to start small. Get your feet wet while you learn more.

Hodling: It's what we call holding our Bitcoin or other cryptos. It's a verb.

Take Profits: A stock market term that means you sell a little after you made money, so the profit becomes real.

DOLLAR COST AVERAGING: That is when you buy crypto on a steady basis or just disregard the price and buy it at all different prices. If you hodl, it will go up significantly over time.