## 1) Understanding the Basics in Brief
- Crypto is digital assets that operate on blockchain technology.
- Private keys and the seed phrase are your key to accessing your funds. Keep them away from prying eyes.
- The wallet is the place where you store your digital assets. There are hot wallets (on your phone/internet) and cold wallets (like hardware wallets).
- Trading versus investing:
- Long-term investing means buying and holding for a long time.
- Trading means shorter time attempts with higher risks.
## 2) Security and protection
- Use strong encryption and enable two-factor authentication (2FA) on all accounts.
- Keep your recovery phrase/seed phrase in a safe, offline place (secure papers or a metal box).
- Do not share your keys or passwords with anyone.
- Make firewall and phishing (phishing) caution part of your routine.
## 3) Choose a reliable platform
- Choose reputable large exchange platforms, and check:
- Account security and authentication
- Withdrawal and deposit policies and fees
- Having protection options for users like withdrawals from specific addresses
- Always start with a demo account or small amounts until you learn how the platform moves.
## 4) Practical steps for beginners
1) Learn basic terms:
- BTC, ETH, token, blockchain, and wallet, seed phrase.
2) Setting up a secure wallet:
- Choose a hot wallet for practice and a cold storage for larger amounts.
- Record your phrases (seed phrase) and keep them in a safe, offline place.
3) Choosing an exchange platform:
- Open an account, enable protection, and perform a simple withdrawal/deposit to get used to the requests.
4) Buy your first coin simply:
- Start with small amounts, it could be a major coin like BTC/ETH or a local coin in your base currency.
- Use the dollar-cost averaging method or local currency and stick to a regular buying plan if possible.
5) Safe storage:
- Do not store everything in the hot wallet. Use a cold wallet or secure storage device for large amounts.
6) Learn analysis simply:
- Rely on fundamentals such as: project size, real-world use, development team, transparency (GitHub, official documents).
- Avoid relying solely on high returns or media hype.
7) Risk management:
- Do not invest more than you can afford to lose.
- Diversify: Do not put all your money in one asset.
- Set loss limits and take profits when trading, if you decide to enter trades.
## 5) Educational and safe resources to follow
- Read about basic terms and carefully familiarize yourself with projects.
- Use trustworthy sites to follow prices, news, and network updates like reputable public sources.
- Follow the documents of initiators and official projects and steer clear of suspicious links.
## 6) Important notes
- Investing in crypto is highly risky and subject to significant volatility. Do not invest money you cannot afford to lose.
- Regulations and taxes vary between countries; be aware of legal obligations in your country.