3 Dos and Don’ts of Crypto for Beginners:
This week, we cover the essentials with 3 dos and don’ts for crypto beginners. If you’re thinking of starting your crypto journey but don’t know where to begin, don’t worry, we’ve got you covered.
Dos:
- Do Get a Wallet: Like Moneybrain’s or Coinbase, wallets are apps that hold your crypto assets, protected by passcodes.
- Do Start Small and Learn: Begin with modest investments to understand market dynamics safely. Think of it as learning to swim in the shallow end before going deeper.
- Do use QR Codes: When making transfers, they’re the most foolproof way to ensure your crypto goes where intended.
Don’ts:
- Don’t Invest More Than You’re Prepared to Lose: Crypto can be volatile. Treat it with investment caution, not as gambling, like any investment there are risks.
- Don’t Invest Without Understanding Volatility: Bitcoin has been one of the best-performing assets over the years, with a capped supply of 21 million coins. However, cryptocurrencies, in general, can be volatile, and their value can fluctuate rapidly.
- Don’t Download Unregulated Wallets: Please make sure that the wallet or app you download is from a regulated firm.
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Explore Moneybrain’s carefully curated selection of cryptocurrencies, designed to give you a secure and beginner-friendly introduction to the world of digital assets. Start your crypto journey today with the Moneybrain app at moneybrain.com, available on Apple and Android.
Next week: Stay tuned as we delve into the latest crypto trends and offer tips on how to stay informed and make smarter decisions when it comes to your digital assets.
