đ Getting Started with Crypto: 5 Things I Wish I Knew Earlier
The world of crypto can be overwhelming when you're just starting out. When I first jumped in, it felt like everyone was speaking a different languageâDeFi, staking, NFTs, L2s... huh?
If you're new to the space, here are 5 key things I wish I knew earlier. Hopefully, they'll help you avoid some mistakes and start strong.
1. DYOR = Do Your Own Research (Seriously)
Itâs tempting to ape into the latest meme coin because your friend said it's âgoing to the moon.â But in crypto, hype fades fast. Learn to read whitepapers, check project teams, and understand the problem a project is solving. If it sounds too good to be true, it usually is.
2. Not Your Keys, Not Your Crypto
I learned the hard way that keeping all your funds on centralized exchanges can be risky. If you donât hold the private keys, you donât fully control your crypto. Learn how wallets like Trust Wallet or MetaMask workâand always back up your seed phrase.
3. Start Small, Think Long-Term
Crypto is exciting, but it's also volatile. Donât throw your life savings into a token because of FOMO (Fear Of Missing Out). Start small, get comfortable with market movements, and think long-term. Sometimes, patience is more profitable than hype.
4. Learn the Basics of Trading
Even if youâre not planning to become a pro trader, it helps to know basic concepts like support & resistance, candlesticks, and stop-losses. Binance Academy has some great free resources for beginners.
5. Stay Updated, Stay Safe
Follow trusted sources (like Binance Feed đ), double-check links, and never share your seed phrase with anyone. Scammers are smartâand they prey on beginners. The best way to protect your funds is to stay informed.
Final Thoughts
Everyone starts somewhere. Itâs okay to feel lost in the beginning. The key is to stay curious, keep learning, and remember: this space moves fast, but your journey doesnât have to.
If youâre just starting out, welcome to cryptoâyouâre early. đĽ