$BTC
#MarketRebound Awesome! Here are some important tips if you are interested in Ethereum (ETH) whether for investment or use:
1. Understand the basics first
Ethereum is more than just a digital currency; it is a platform for building decentralized applications (dApps) using smart contracts.
ETH is the token used to pay gas fees on the network.
2. Follow news and updates
Updates like Ethereum 2.0 and the "Shanghai upgrade" have a significant impact on price and performance.
Follow reliable sources like CoinDesk, CoinTelegraph, or the official Ethereum website.
3. Use secure wallets
For large amounts, it is advisable to use a cold wallet like Ledger or Trezor.
For small amounts and daily transactions, use popular and secure wallets like MetaMask or Trust Wallet.
4. Be cautious of fees
Gas fees can be high during busy times. Use tools like ETH Gas Station to monitor them.
5. Don't invest more than you can afford to lose
The cryptocurrency market is very volatile. It is important that your investment is based on analysis, not emotions.
6. Use smart contracts cautiously
Always check the source of smart contracts before interacting with them, as some applications may have vulnerabilities or malicious intentions.
7. Consider long-term storage
If you believe in Ethereum for the long term, "HODLing" may be a good strategy.
Do you want more advanced tips? Such as ways to profit from ETH or technical/fundamental analysis?