For those new to cryptocurrencies, the Wild West may have just become a little tamer (still dangerous, but at least there is light after the horizon) as industry leaders continue to push for more stringent regulations.
Far too many beginners jump right in, excited to learn, and most of the time end up learning the hard way, so here are some solid beginner-friendly safety tips that I wish more people knew when they first started:
#1 Buy and sell through a reputable exchange. Keep to established, regulated platforms. Sure, the fees might be slightly higher, but your funds are priceless.
#2 Send your crypto to any wallet: Learn how to keep your cryptocurrencies offline using hardware wallets or reliable software-based wallets.
#3 Do not ever share your seed phrase: A legitimate service will NEVER ask you for it. If they do, it’s a scam.
#4 Go small — especially in the beginning! Do not invest more than you can afford to lose.
Crypto is always interesting, but you have to play it 24/7—keep watching it continuously as the market is so volatile.
To those veterans in-game—what is your top security tip for budding crypto investors?
submitted by /u/Significant_Wave_634
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