Hi, welcome to the 'Onchain View' beginner village! Taking the first step always requires courage. We have organized 3 key principles to help you safely complete your first cryptocurrency transaction.
1. Choose the right 'exchange', rather than listening to friends.
Exchanges are like banks for cryptocurrencies; safety and reliability are the top priorities. Choose globally leading, large user base, and regulated platforms (e.g., Binance), and avoid small exchanges that are obscure and only promoted within specific communities.
2. Start with 'mainstream coins', and avoid small coins.
If you're just starting out, it's recommended to begin with 'mainstream coins'. They have a high market value, strong consensus, and relatively stable prices, making them suitable for beginners to learn. Various 'hundredfold coins' recommended in the community usually carry high risks, so avoid them until you fully understand.
3. Invest with 'spare money', and do not impact your life.
The cryptocurrency market is highly volatile, so make sure to invest only with funds that you can afford to lose without affecting your normal life. Never borrow money, take loans, or use emergency funds to buy coins.
Remember these three points, and you can avoid 90% of beginner traps.
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