When I first started exploring cryptocurrencies, I made several rookie mistakes. With a little more information, I could have avoided them. In this article, I'll share five key lessons I wish I'd known sooner. If you're new to crypto, these tips can help you move forward with more confidence and caution.

1. Don't blindly trust your money to someone else

At first, I understood almost nothing about crypto. So I let someone who claimed to know how to invest for me. He bought two cryptos he believed in, and two days later, their value plummeted to $0. That was in 2021, and to this day, those cryptos are still sitting there, worthless, in my wallet. As a result, I lost that money.

👉 Tip: Never entrust your funds without understanding what you are buying. Always do your own research (DYOR) and maintain control over your investments.

Just because a token is generating buzz doesn't mean it's a good opportunity. Sudden price movements attract a lot of people, but often, latecomers find themselves buying at the peak... and losing.

When I first started, I was doing a bunch of airdrops just because everyone else was doing it. But in the end, I was wasting my time and my connection unnecessarily, without getting any real results.

👉 Tip: Always ask yourself the question “Why is this project valuable?” before investing.

3. Understand what you are investing in

It took me a while to understand that some tokens had real utility. I used to think it was all about price, but in reality, some projects offer concrete and innovative solutions.

👉 Tip: Take the time to understand a project's mission, its technology, its founders, and its real-world usefulness.

4. Safety first!

In crypto, you're responsible for your funds. If you lose your private keys, click on a fake link, or connect your wallet to a malicious website, no one can help you recover your money.

I have a friend who, four years ago, lost all 12 passwords to his main wallet. He was never able to regain access, thus losing a large portion of his capital. It was this incident that made me realize how crucial security is in this world.

👉 Tip: Enable two-factor authentication, use a secure wallet, and keep your recovery phrases in a safe place.

5. It takes time to learn

You don't become a crypto expert overnight. It's a complex ecosystem that evolves very quickly. It's normal not to understand everything right away.

Personally, it was when I started getting training that I finally understood my investor profile. Since then, I've made a lot fewer mistakes.

👉 Tip: Go at your own pace, take training courses, ask questions in communities, and be patient.

Crypto can offer incredible opportunities, but it also requires caution, learning, and a healthy dose of common sense. These lessons were sometimes painful to learn, but they helped me become a more responsible user.

👉 Safety tip: Always trade on reliable platforms with high liquidity to protect yourself against market volatility. Create an account on Binance

đŸš« Disclaimer: This is not financial advice (NFA). The information in this article is for educational purposes only.

And you? What's the crypto lesson you learned when you started out? Share in the comments! 💬

#CryptoDĂ©butant