10 Tips On How To Play Crypto For Beginners To Make Money
1.Understand The Basics
explaining that crypto currency is a form of digital asset built on a decentralized network. Unlike traditional currencies, cryptocurrencies are not controlled by governments, which makes them attractive to a wide spectrum of investors.
2.Blockchain Role
explore more about the technology behind crypto, blockchain, which is a revolutionary ledger system with a transparent and secure record of all transactions.
3.Keep investments safe
they range from hardware wallets like Ledger to software wallets like Trust Wallet and online wallets like Coinbase, Indodax, Tokocrypto, Binance.
4.Make Your First Purchase
The next step is to make your first crypto purchase. To do this, you need to create an account on a centralized exchange (CEX). Although many beginners choose platforms like Binance.
5.Prioritize Security
emphasize the importance of security. Enable two-factor authentication (2FA), using a strong, unique password
6.Never Stop Learning
Education is very important in the crypto space, and Defizard urges all beginners to realize that not all crypto assets are the same.
7.Altcoins and Trading Strategies
I suggest considering altcoin trading. Although this comes with a higher risk, it also offers significant profit potential in a short period of time.
8.Stay Rational
Avoiding FOMO (Fear of Missing out) and panic is very important. Crypto markets can be very volatile
9.Increase Security
additional security tips, including the use of VPN / Proxy and be careful when downloading files from unofficial sources.
10.Start with small amounts
reminding readers that crypto assets are a profitable but risky investment. He also advised to start with small amounts, prioritize learning, and maintain a long-term perspective.