1. Basic concepts

  1. Cryptocurrency (Crypto)

    • Decentralized digital assets based on blockchain technology, such as Bitcoin (BTC), Ethereum (ETH), etc.

    • Characteristics: Anonymity, global circulation, inflation resistance (for some cryptocurrencies).

  2. Blockchain

    • Distributed ledger technology that records all transactions and is tamper-proof.

  3. Common terms

    • DeFi: Decentralized finance (e.g., lending, trading without intermediaries).

    • NFT: Non-fungible token (represents unique digital assets).

    • Gas fee: Blockchain transaction fee (common on Ethereum).

    • Contract trading: Leverage or futures trading (high risk).

2. How to get started?

  1. Choose an exchange

    • Mainstream platforms: Binance (international), Coinbase (compliant), OKX, Huobi (HTX).

    • Note: Registration requires KYC certification, prioritize platforms with good reputation and high liquidity.

  2. Buy cryptocurrency

    • Fiat deposit: Purchase USDT (stablecoin) via bank card, Alipay, etc., then exchange for other cryptocurrencies.

    • Decentralized Exchange (DEX): Such as Uniswap, PancakeSwap (trade directly connecting your wallet).

  3. Storage methods

    • Hot wallet: Built-in wallet of the exchange (convenient but high risk).

    • Cold wallet: Hardware wallets like Ledger, Trezor (safest).

    • Make sure to save the mnemonic phrase offline!

3. Investment strategies

  1. Long-term holding (HODL)

    • Suitable for mainstream coins like Bitcoin and Ethereum, ignore short-term fluctuations.

  2. Short-term trading

    • Pay attention to market sentiment and news (e.g., ETF approvals, halving events).

    • Tools: TradingView for analysis charts, CoinMarketCap for data lookup.

  3. Dollar-cost averaging (DCA)

    • Regular fixed amount buying to reduce timing risk.

  4. Airdrops and mining

    • Participate in new project testing or stake tokens for rewards (be wary of scam projects).

4. High-risk warning

  1. Market volatility

    • Cryptocurrency trading 24 hours a day, prices can surge or plummet in an instant.

  2. Types of scams

    • Pump and dump: Fake investment group leads.

    • Shitcoin: Tokens with no audits and high return hype (may go to zero).

    • Phishing websites: Imitation exchanges or wallets.

  3. Policy risk

    • Some countries prohibit cryptocurrency trading (e.g., within China).

5. Essential tools

  1. Information channels

    • News: CoinDesk, Jinse Finance.

    • Community: Twitter (influencer updates), Telegram (project groups).

    • Data: Glassnode (on-chain analysis), DeFiLlama (DeFi data).

  2. Security tools

    • Wallet authorization check: Revoke.cash.

    • Contract audit: CertiK.

6. Recommendations for newcomers

  1. Start with small funds, avoid going all-in.

  2. Avoid high leverage unless you have mature trading experience.

  3. Study whitepapers to understand the underlying logic of projects.

  4. Diversify investments, combine mainstream coins with potential altcoins.

Opportunities and risks coexist in the cryptocurrency world, always remain rational, and avoid FOMO (fear of missing out).

🤫 Follow Sheng Ge, a seasoned practitioner with 10 years in the crypto space, to unlock more practical tips and hidden content~