When a novice first enters the cryptocurrency circle, he may be like a headless fly, bumping around everywhere. Today, I have compiled an article on the essential tools and methods that novices must know: how to avoid detours in transactions, make assets safer, spend less money, do things without asking for help, and also help you study the industry. Without further ado, add a follow and let’s get started.
1. Several tools necessary for beginners
Digital Wallet
Digital wallets are the core tools for managing crypto assets. Depending on their uses, wallets are divided into the following two categories:Hot wallets: suitable for daily transactions and small storage, such as MetaMask and Trust Wallet. These wallets are easy to use, but because they are always connected to the Internet, there are certain security risks.
Cold wallet：Suitable for long-term storage of large amounts of assets, such as Ledger and Trezor. This type of hardware wallet stores private keys offline, which is more secure, but slightly more complicated to use.
Crypto wallet
Recommendation: Beginners can start with a hot wallet and gradually become familiar with the operation of a cold wallet.
Market tracking tools
Want to understand market dynamics and price fluctuations? The following tools are essential:CoinMarketCap and CoinGecko: Provide information such as cryptocurrency prices, trading volumes, market capitalization rankings, etc.
TradingView: A powerful technical analysis tool that supports a variety of charts and indicators, suitable for analyzing market trends.
CoinMarketCap
Blockchain Explorer
Blockchain browsers are tools used to query transaction records on the chain. Different blockchains have different browsers:Ethereum uses Etherscan.
Bitcoin using BTC Explorer.
Worldchain can use WorldScan.
Block Explorer
News acquisition and community interaction platform
📱 It is important to stay informed about crypto and engage with the community:Twitter and Reddit: Get real-time updates on industry trends.
Telegram and Discord: Join the project community and interact with investors and developers.
Social media essential
2. Techniques that Newbies Must Know
Basic blockchain knowledge
Mastering the basic concepts of blockchain is a prerequisite for understanding cryptocurrency:How blockchain works: decentralized, tamper-proof, and distributed ledger.
Smart contracts: Technology that automates the execution of contract terms.
Recommended book: (Crime Storm: Crime and Punishment of Blockchain) Author: Blockchain Finance
Basic operations of the wallet
Create a wallet and back up your mnemonic phrase properly.
Learn to send and receive cryptocurrency.
Keep your mnemonics and private keys safe and avoid storing them on any internet-connected device.
Decentralized Exchange (DEX) Operations
Decentralized exchanges (such as Uniswap and PancakeSwap) are currently important trading venues:Learn to connect your wallet and exchange tokens.
Provide liquidity and understand the associated risks (such as impermanent loss).
Basic operations of the exchange
Register and complete KYC (identity verification).
Get familiar with how to deposit, withdraw, buy and sell cryptocurrencies$BTC .
Simple technical analysis
Understand the basic structure of the K-line chart: opening price, closing price, highest price, and lowest price.
Learn to use common technical indicators such as Moving Average (MA) and Relative Strength Index (RSI).
Security Technology
Security is the top priority in the cryptocurrency world, and the following measures cannot be ignored:Be wary of phishing websites and fake apps, and verify the authenticity of the URL.
Enable two-factor authentication (2FA).
Update your devices regularly to avoid malware infections.
3. Tips: Several suggestions for novice investors
Start with a small investment
The cryptocurrency market is highly volatile, so newbies should test the waters with caution to avoid taking huge risks by going all-in.Stay rational and don't be swayed by emotions
When the market goes up or down, don't blindly chase the rise and sell the fall. Make an investment plan and strictly implement it.DYOR（Do Your Own Research）
Do your homework and don’t blindly follow the crowd. Any project requires a deep understanding of its technology, team, and development prospects.Ensure asset security
Learn to use cold wallets to store large amounts of assets and beware of fraud and cyber attacks.
In conclusion: The world of cryptocurrency is full of opportunities, but it also comes with risks. For novices, mastering the necessary tools and techniques is the first step towards success. I hope today's lesson can help you get started quickly and safely start your cryptocurrency investment journey. If you have any questions, please feel free to leave a message to communicate! #比特币战略储备 #2025有哪些关键叙事？ #新人入场
