Just a list of things I wish people told me before I had invested in crypto.Don’t time the market, dollar-cost-average. Just buy a set amount every week. You will be better off this way. Make sure when you buy on an exchange, move it to one of your wallets as ‘not your keys, not your crypto’, is a true enough statement.Do your own research before you buy a project. I would only recommend BTC and ETH for newbies, and if they want to diversify into other projects, see the work that has been done on the project, see if the developers are active, and make sure the developers are trustworthy (to prevent pump-and-dumps).Invest in a hardware wallet like a Ledger or Trezor if you are going to invest a decent amount of money into crypto, like 500+ of USD, EUR, GBP, etc. It is worth the (less than) 100 $/€/£ to hold on a hardware wallet, rather than holding on a software (like a on a computer or phone) wallet, that is subject to malware or a false version of a wallet.Make sure to only purchase brand new hardware wallets from the official websites of Ledger, Trezor, etc.If you have any other bits of advice, please give it up, as this sub gets a decent amount of new users a day, and some are beginners who want to learn something.
Submitted October 19, 2020 at 03:44AM
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