Cryptocurrency investing is now starting to become more popular with everyone. Although the cryptocurrency market has a lot of fluctuations, it also contains many opportunities for investors who know how to grasp them. So if you still don't know where to start investing, please refer to this article to start investing in cryptocurrency safely.
Steps to Investing in Cryptocurrency Safely in 2024
Step 1: Choose a reputable trading floor
First, of course, you will need to convert your money to cryptocurrency for convenient investment. To do that, you need to have a reputable exchange account. And with its position as the top 1 trading floor in the current market, I recommend that you choose #Binance . Top trading volume, smooth trading experience, multiple security measures are what Binance offers its users.
To start using Binance, you will need to register an account. Please register an account at here to receive reduced transaction fees. After successful registration, you will need identification documents to perform identity verification. Then to make a transfer from cash to cryptocurrency, you just need to make a P2P transaction.
Step 2: DYOR (self-study)
Not only in the cryptocurrency market, but in any financial market, before investing, you need to clearly understand the products you intend to invest in. The same with cryptocurrency, before investing in any cryptocurrency, you need to do your own research to understand it clearly before deciding. Don't trust anyone but yourself.
Step 3: Keep your cryptocurrency safe
Once you've done your research and decided to buy a cryptocurrency, you'll need to store your cryptocurrency. If you buy this asset directly on Binance, you can completely store it directly on the exchange's wallet.
However, not all cryptocurrencies are listed on Binance. To store cryptocurrencies not on Binance, you will need a web3 wallet. There are many web3 wallets on the current market such as Metamask, Trust, Coin98, Binance Web3.
You can choose any of the wallets above, but I recommend that you create a Binance Web3 wallet for yourself. Because this wallet will be needed to participate in #MegaDrops bets on Binance. You can create a wallet right here here.
summary
Recently we learned together how to start investing in cryptocurrency safely in 2024. Hopefully you can start participating in the market after this article. Wish you luck and make money from the market.