Here’s beginner-friendly crypto advice:
1. Start small:
Don’t invest all your money at once. Begin with an amount you’re willing to lose.
2. Do Your Own Research (DYOR):
Don’t buy a coin just because someone told you. Look into the project’s purpose, team, use case, and long-term potential.
3. Avoid FOMO (Fear of Missing Out):
Don’t rush to buy just because prices are rising. Markets always pull back—wait for a better entry.
4. Use strong security:
Enable 2FA on your Binance account. For large amounts, use a private wallet like Trust Wallet or Ledger.
5. Know the difference: Investing vs. Trading:
- Investor: Buys and holds long term.
- Trader: Buys and sells regularly to profit from price swings.
6. Set goals:
Know why you’re buying—long-term growth or short-term profits?
7. Never use borrowed money:
Only invest what you can afford to lose without affecting your daily life.
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