Helpful tips for investing in crypto
Are you looking to invest in cryptocurrency? Well, you’ve come to the right place.
We’ve compiled a list of helpful tips for you to consider before you start investing:
Market research. You should research all of the tokens you’re planning on investing in, and learn as much about their history and market value as you can. You should also look into the type of trading platform you’d like to use, we have a helpful article about CEXs vs DEXs to guide your research.
Assess risk. Trading crypto is exciting and it can be easy to get carried away, so we recommend only investing in what you’re willing to lose. Assess the financial risk before executing any trade as this ensures you don’t make losses you can’t afford.
Using a crypto wallet. Before you can start trading like a pro, you’ll need a crypto wallet! Think of a crypto wallet as similar to a virtual wallet, except it stores the public and private keys for cryptocurrency transactions. The most popular Ethereum wallet is MetaMask. Check out our video on installing here. You can also use your Trust Wallet on our platform from your mobile.
Diversify your portfolio. Holding more than one token reduces the risk of losing all of your assets. If you invest everything in one token, and it sees a huge value drop in the market, you risk losing everything. This is why we offer all tokens over multiple networks on our platform — so you’ll have plenty to choose from!
For more guides on investing, read our educational articles about crypto: