This article imbibes huge bundle of knowledge for newcomers as today people are more aware of investing their capital with all terms and conditions,along with the new era of technology,every body wants to keep themselves updated. The crypto industry is as renowned as most of the willing investors already know very well about this. Therefore when demand for crypto is raised more exchanges are formed to give their services to investors.
But there are two ways of thinking always , some one wants to be in the crypto world with their capital but they don't have necessary knowledge and investigation about crypto on a technical basis and in results all investment would be lost. On the 2nd side investors wish to understand the pros and cons of the market but to whom they would trust, "actually this is not easy to judge", in this scenario proper investigation is necessary, let's cover some essential points to know "How to Start Investing in Crypto Safely":
1st Step
The 1st step would be to find a trustworthy exchange through which someone can invest safely.Like in every industry, crypto is also having some issues regarding security or scams as all data is based on Blockchain technology so there are 1000% chances to be hacked by hackers.To choose safe crypto exchanges consider these points to investigate well !👇🏻
Country Restriction
Check which exchanges are available that are providing full services in your concern region and also there are not government restrictions/laws against exchange .
Online reviews
Make/check a list of crypto exchanges available in your country through reliable resources and check the reviews, select accordingly.More positive feedback leads to more trust.
Social community
Check its social community and join its social channels to be updated with any upcoming changes.
Research History
Research History is an organised parameter to have a healthy check on . All history research papers are always enlightened in certain situations and cases. So anyone can judge the right exchange to invest in after having a historical analysis of a certain exchange.
Official websites
Visit its official approved website to check all the options and icons properly.A trustworthy exchange always maintained it's website 24/7 however a scam website is always not up-to-date, having a low quality and also showoff scam assets .
Mobile app
After offering an official website, a reputable exchange always offered a mobile app to give easy access to their customers.
Contact /help service on fingertips
A trustworthy exchange always offers a solution for customer's problems. Customer services are their priority as chatbot , email available 24/7 etc. Trustworthy exchange is not there to loot the customers but actually they are providing services to earn money in the way of gas and charging fees .
Security measures
Having a proper check on its security measures is necessary ,as crypto is an online industry ,at any cost one should not compromise on these parameters.There would be a two-factor authentication,also a proper standardized security system to transfer capital and assets as well.
Exchange fees/gas fees
Every exchange is charging different fees to occupy a certain crypto,so make sure the charges are well enough to charge as compared to other exchanges.
Crypto assets/Tokens/Coins
Make sure maximum authentic crypto assets are available on the selected exchange, like BTC, ETH,SOL,Dodge,etc.
Liquidity:
When assets and gas fees are done check the liquidity range of the exchange as crypto is unpredictable, prices are somehow too down or too up, a rich liquidity of asset shows a strong base to invest.
After conducting all related reports one can easily choose the right exchange for himself.
2nd Step
When a trusted exchange is decided then proceed to the next step to choose the investment options, now on this point again a judgemental view is required to make an investment.For this judgemental view a detailed research is essential regarding choosing specific coins.This is also based on different phases like
Coin research on social community.
After research,check if certain coin is available on your chosen exchange.
Then compare the price offered by other exchanges.
Have a checkup on airdrops.
Check different data aggregators.
Apply reliable tools and technical support levels to check its performance in near future.
Once this happened ,Press the buy button and you will see your crypto in your exchange wallet .
3rd Step
After this step ,as an asset is there , now what to do with the asset , Either to keep it in a hot or cold wallet.
Now a day's all reputable exchanges are offering their own built-in wallets in the same market app like binanceWeb3 wallet.
Here choosing the right wallet is mandatory, always go for authentic wallet ,Do write it's seedphrase properly and keep it in safe place also book a complicated password (don't forget it in any condition)
So readers don't forget to fulfil all the requirements to have an safe journey of crypto.
One thing to be noted is that "Binance" is highly recommended, trustworthy and reputable exchange.
