Whether it’s the idea of cryptocurrencies itself or diversification of their portfolio, people from all areas of life are buying digital currencies. If you’re a new comer to the theory and wondering what are you doing, here are some basic concepts and considerations for investment in cryptocurrencies.What cryptocurrencies can be found and the way should i purchase them?With a market cap of about $278 billion, Bitcoin is easily the most established cryptocurrency. Ethereum is second with a market cap of over $74 billion. Besides both of these currencies, there are a variety of other options as well, including Ripple ($28B), Litecoin ($17B), and MIOTA ($13B).Being first to advertise, there are tons of exchanges for Bitcoin trade around the globe. BitStamp and Coinbase are a couple of well-known US-based exchanges. Bitcoin.de is surely an established European exchange. If you are considering trading other digital currencies along with Bitcoin, then the crypto arbitrage bot is where you will find all the digital currencies in one location. Here is a listing of exchanges based on their 24-hour trade volume.What options must i store my money?Another essential consideration is storage from the coins. One option, needless to say, is to store it around the exchange in which you purchase them. However, you will need to be careful in selecting the exchange. The buzz of digital currencies has triggered many new, unknown exchanges appearing everywhere. Take time to do your homework so you can stay away from the scammers.An alternative choice you have with cryptocurrencies is that you can store them yourself. One of the safest choices for storing your investment is hardware wallets. Companies like Ledger permit you store Bitcoins and lots of other digital currencies as well.