85% of people who decide to invest in crypto today are all confronted with one thing: Scams 🚨
The crypto ecosystem is filled with dishonest people, whether on social media or in crypto itself. You are lucky to come across this article because we will discuss 5 essential things to do before investing in crypto....
📌 1 Get trained:
This step is very important; many beginners skip it. Without knowledge, you will get lost in this ecosystem.
To learn, you can go through (YouTube, Binance Academy).
There is a saying that goes, "If you do not train before starting, you will pay double for your training with your losses."
📌 2. Do your own research (DYOR).
Doing your own research is very important; do not invest in a cryptocurrency just because a friend or a crypto influencer talked about it. You will get rug pulled; trust no one in this ecosystem. Many have been victims, and I have too.
📌 3. Do not join crypto communities.
It is a mistake to start alone; not integrating into communities allows you to discuss with people who have more knowledge in the field than you. You take the opportunity to learn at the same time. Many will share their mistakes, and that will help you avoid making the same ones.
📌 4. Choose your investor profile.
Yes, yes, it is necessary; otherwise, you will be lost in your investments. You need to know if you are a long-term or short-term investor, or if you will be both at the beginning. If you know your profile, you will know what to invest in or not, and your investor profile will also depend on your initial capital.
📌 5. Choose your exchange platform.
Yes, it is very important for your investment to choose your exchange platform. If you want to keep your privacy, opt for DEX, but if you want more products and convenience, you need a CEX (Binance).
From training to choosing your exchange platform, you have a journey to undertake as a beginner, but it is very important to go through these steps to secure your capital...
✅ Bonus: Never, ever, and I mean never be greedy when it comes to money because in this field, that is what kills newcomers. Becoming a millionaire quickly is a myth...
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