How to Safely Invest in Crypto in 2024 💰
Crypto investing is gaining popularity, but there are security measures every trader and investor should take. Here is how to stay safe while investing in cryptocurrency.
Do your own Research ( DYOR )
Cryptocurrencies are highly speculative and volatile assets. You should do your own research rather than relying on other's opinion, advices, or tips such as social media influencers , posters on online forum and friends. You can take better decision about your crypto investment by doing this practice.
Find a Reliable Crypto Exchange
Again DYOR and find a secure and reputeable exchange for buying and selling your crypto assets. #Binance is the world's largest and the most reliable crypto exchange with great customer care team. You can trade 1000+ cryptocurrencies 24/7 with high standard of security.
Only keep your cryptocurrency on an exchange if you are trading it actively, Otherwise tranfer it to external wallets. If You are going to use an external wallet, the first question is wether you want hot wallet or a cold wallet. Reputeable Cold wallets like nano ledger, trezor and safepal are safest but not everyone can afford it but hot wallets often called online wallets are usually free to use and accessible for everone. Binance web3 Wallet is a great choice with extra layer of security and good thing is its free to use.
Use 2FA Security System
Take steps to make sure your exchange is secure, must use two-Factor authentication.
Start with small Investment
The biggest mistake we have done, is to start trading with large amount of money with zero trading experience. Always begin with small investment to familiarize yourseld in the market and regularly monitor your investment.
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