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How newcomers can prevent being scammed
Counterintuitive operations:
The market is shouting 'The bull is here' 👉 Be alert to selling signals; others calling may be trying to scam you;
Community panic 'Zero theory' 👉 Filter out wrongly killed valuable coins (like ETH rebound for investors during a crash).
✨ Advice: Invest with spare money! No more than 5% of household assets, refuse leverage + mortgage all in.
📚 Step 2: Arm yourself with knowledge — Practical checklist from 0 to 1
1. Must-learn basic courses
Blockchain core: Decentralization, smart contracts (read 'Bitcoin Whitepaper');
Key terms: Gas fee, private key/public key, spot vs contract (don't operate if you can't distinguish!);
Tools: CoinGecko to check market prices, Dune Analytics to look at on-chain data.
2. Exchange introduction
Choose platform: Prefer Binance exchange, register and immediately enable two-factor authentication (2FA)
First operation:
⭐ Fiat → Buy USDT → Exchange for BTC/ETH (limit order, don't go all in!);
⭐ Small trial with $100-500 to practice.
3. Dollar-cost averaging method
⏰ Automatically deduct funds to buy BTC/ETH on payday, ignore fluctuations, smooth out costs! Long-term compounding
❌ Blood and tears pitfall guide
Do not touch contract leverage: liquidation can happen overnight, spot is the safe zone for beginners;
Anti-fraud: Phishing websites and trading scams are rampant! After wallet authorization, regularly clean up with revoke tools;
Cold wallet for large amounts: Lock 90% of assets in a Ledger hardware wallet, keep only 10% on exchanges.