Cryptocurrency Beginners Guide｜3 Minutes to Get Started + Pitfall Avoidance Guide⚠️
Hey guys, do you feel overwhelmed when you see "Bitcoin" or "NFT"? Don’t panic! This article teaches you how to get started quickly without stepping on landmines～
First, understand these 3 basic terms
Exchange: A platform for buying and selling cryptocurrencies, like the "Taobao" of the crypto world. Choose a larger platform for more stability.
Wallet: The "small safe" for storing coins, available as mobile apps and hardware. It’s recommended to use a hardware wallet for important assets.
HODL: Not a typo! It means "Hold On for Dear Life". Newbies should avoid chasing prices and focus on patience～
Must-See 5 Pitfall Avoidance Tips
1️⃣ Don’t fall for high-yield traps: Those "guaranteed profits" or "10% daily returns" are 99% scams; there’s no free lunch!
2️⃣ Invest spare money: Don’t touch living expenses or mortgage money; losing it can ruin your mindset.
3️⃣ Reject FOMO: When you see others saying "buy now", take a moment to think, do your homework before acting.
4️⃣ Small funds for trial and error: Start with a few hundred or thousand to familiarize yourself with the process and market, understand the nuances before increasing your investment.
5️⃣ Learn more, act less: Understand concepts like "blockchain" and "Gas fees" first; don’t just listen to influencers brag, truly understanding is what matters～
💡 Key Points
The risks in the crypto world are enormous! Beginners must first understand the rules, maintain a steady mindset, and not think about getting rich overnight～
Have any terms you don’t understand? Ask me in the comments, and I’ll explain them to you～
