If you are new to investing, particularly new to investing in Crypto and have a limited capital then here is how you can get your feet wet. I would recommend investing about $500 - $1000 dollars, simply because sending smaller amounts will see you getting chewed up by fees; bank fees for sending money, fees when investing, fees when withdrawing etc.
1. You need a wallet
Newbies into crypto tend to roll with Coinbase, however, you may want to get a software wallet such as Exodus or Electrum. Further down the line you can invest in a Hardware wallet to store your crypto. Since you are just starting out in crypto, with a small amount of capital then I advise just beginning on Coinbase.
Set up a coinbase account and fund the account with some fiat money (USD, EURO etc.)
You can take advantage of my ref link to get credited $10 worth of BTC when you invest $100 : https://www.coinbase.com/join/5991b5ec468d03012909e197
(Excuse shilling of ref link!)
Coinbase allows you access to the 'main' cryptos - Bitcoin, Litecoin, Ethereum and Bitcoin Cash. This is probably a good place to start your crypto investing journey.
2. Buy Your Crypto
Personally, if I had $1000 I would probably split it between Bitcoin and Litecoin, however, you do not have to take that advice. I got my feet wet with Bitcoin and Litecoin before opening up exchange accounts and investing in Alt coins. If you do want to look outside of the top market cap cryptos then open an exchange account: Binance, Bittrex, Kucoin etc (I will not shill my referral links for these on this occasion!)
If you do set up an exchange account then be sure to only send THE SAME currency to the specific wallet. For example, don't send bitcoin to an ethereum address, you will lose that BTC!
3. Look into Altcoins once you are in the game
So if you have limited capital I already gave my opinion that you should buy and hold BTC and LTC, however, if you are looking to invest in other altcoins then I would first look at coins in the top 20 of www.coinmarketcap.com
Do research into the project, the team behind the project and what problems the project is trying to solve. A lot of cryptos aren't just forms of currency, they are actually trying to solve a problem or make something more efficient using block chain technology.
Other projects I would consider if I was brand new to crypto and had limited capital: ICX, NEO, ADA, DRGN, VEN - basically projects that are platforms for other things to be built on top of. That is a relatively safe bet. Rather than putting money into something speculative, you have invested money into fundamental block chains that will be the foundation of other cryptos.
4. Don't spread your limited capital too thin
If you have $1000 then don't pick 10 coins and invest $100 in each - break it down to 2 or 3 coins. That is why I suggest your first $1000 being in Bitcoin / Litecoin. Then as you manage to save more money for investment, look into altcoins from there and start diversifying your portfolio.
Again - DONT SPREAD YOURSELF TOO THIN. Its better to have more money in less assets, that have longevity than putting less money in more speculative cryptos.
Basic info for today and I am not a financial adviser so take my opinion with a grain of salt. Do your research and invest what you can afford to lose. Dip your feet before jumping into the deep end.
your article is very helpful for the beginners. a good and precise piece of information.