Nowadays, due to a lack of information, I often hear the majority of beginners in crypto say, my capital will not allow me to get started in crypto.
If you are among this category of people, what are you waiting for to give a like because before the end of this article, you will know how to proceed.
How to smartly invest $100 in cryptocurrencies: best practices to adopt
Investing in cryptocurrencies may seem appealing, especially when you have a limited budget like $100. However, even with a modest amount, it is essential to adopt a thoughtful and rigorous strategy. Here are some professional recommendations to optimize your investment while minimizing risks.
1. Diversify your portfolio
The first rule of any informed investor is diversification. Avoid placing your entire $100 on a single asset. Instead, spread your investment across several types of cryptocurrencies:
A majority (60 to 70%) in solid and well-established projects like Bitcoin (BTC) or Ethereum (ETH).
A small portion (20 to 30%) in emerging projects with high potential but higher risks.
A minimal percentage (5 to 10%) can be allocated to more experimental tokens or DeFi projects, only if you have done thorough research.
This diversification helps manage market fluctuations better, especially in such a volatile universe as cryptocurrencies.
A small bonus to stay SAFU
2. Prioritize security
In the crypto world, security is a top priority. Here are some essential measures:
Use recognized and regulated platforms such as Binance for your purchases and exchanges.
Store your assets in a secure wallet, preferably a non-custodial or physical wallet (like Ledger or Trezor).
Always enable two-factor authentication (2FA) to secure your accounts.
A well-protected wallet is better than a high return that is exposed to hacking risks.
3. Only invest what you can afford to lose
The cryptocurrency market is highly volatile and subject to significant price variations in a very short time. Therefore, it's crucial to adopt a responsible attitude:
never invest more than you are willing to lose.
Gains can be significant, but losses can be just as much if one does not act with caution.
In summary, with $100, it is entirely possible to start investing in cryptocurrencies wisely. The key is to act with discernment: diversify, secure, and remain aware of the risks. Like any investment, the key lies in preparation, discipline, and patience.
To make your task easier,
Follow cryptocurrency prices in real-time on Binance:
to plan and build a well-balanced crypto portfolio.
#Binance #novice #CryptoPatience
