What are the common mistakes to avoid when starting with crypto?

3 answers

• Dec 16, 2021 · 3 years ago
  One common mistake to avoid when starting with crypto is not doing enough research. It's important to understand the basics of blockchain technology, different types of cryptocurrencies, and the risks involved before diving in. Without proper knowledge, it's easy to fall for scams or make poor investment decisions. Take the time to educate yourself and stay informed to minimize potential mistakes.
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• Dec 16, 2021 · 3 years ago
  Another mistake to avoid is not securing your crypto assets properly. Many beginners overlook the importance of using strong passwords, enabling two-factor authentication, and storing their private keys securely. Failure to do so can lead to hacks and loss of funds. Make sure to follow best practices for security to protect your investments.
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• Dec 16, 2021 · 3 years ago
  When starting with crypto, it's crucial to avoid blindly following advice from others, especially on social media platforms. While there are knowledgeable individuals in the crypto community, there are also many self-proclaimed experts who may have ulterior motives. Do your own research and make informed decisions based on reliable sources. Trusting your own judgment is key.
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