š¢ Tips to Help You Trade Crypto Responsibly
Trading cryptocurrencies responsibly requires you to manage multiple aspects of your trading behavior. It doesnāt start and end with theĀ buyĀ orĀ sellĀ button. Try and incorporate as many of the tips below as possible into your routine. It might seem like a lot of advice, but they will help to improve your trading skills.
š¢Secure your trading account and wallet
šBefore you even start trading, the best thing you can do is secure your account. No matter how responsibly you plan your trades, itās worthless if your funds, account, and password are compromised. There are multiple ways to do this, including usingĀ two-factor authentication (2FA), creating a strong password, and whitelisting withdrawal addresses.
If you also use an externalĀ cryptocurrency wallet, the same rules apply to yourĀ private key. You should never share your private key orĀ seed phrase with others, just like your bank account details.