Crypto Investing for Beginners

[Mika]

If you have not invested in crypto yet, this is the time, crypto winter has passed and the bull market is coming. Recently Security Exchange has approved crypto ETFs and this has already sent positive signals in the crypto market and coins are growing rapidly.

If you want to invest in crypto, choose a reputable exchange like Binance, Coinbase, Crypto.com, KuCoin, etc. and verify your account. Then, fund your account with fiat currency and choose crypto to invest. Start with BTC and ETH. These are the most trusted coins. Remember, crypto is volatile, so invest wisely, diversify by investing in multiple coins and do your research!

 

[raaman]

How can we know that certain crypto exchange is a reputable one? Is there any tool for this? In the absence of such helpful tools for guidance, most people are only likely to fall prey to fraudsters and scamsters. Investing via fiat currency is always better. However, some people in countries like India, may have to disclose their investment to Government. Again, how can we know that BTC and ETH are the most trusted coins? Is their any yardstick for this?

 

[Isi24]

How can we know that certain crypto exchange is a reputable one? Is there any tool for this? In the absence of such helpful tools for guidance, most people are only likely to fall prey to fraudsters and scamsters. Investing via fiat currency is always better. However, some people in countries like India, may have to disclose their investment to Government. Again, how can we know that BTC and ETH are the most trusted coins? Is their any yardstick for this?

You asked a good question, for me I’d say bitget is a reputable exchange for the following few reasons..
User Protection Fund
They’ve got the Second-Largest with over US$300 Million with a Public addresses for Real-Time transparency.

Secondly let’s talk about Proof of Reserves (POR) which Sets industry standards: 200% reserve ratio with a Monthly POR reports for transparency.

They’ve good partnerships and also commitment to compliance including kyc and Continuously improving AML measures as well as Wallet Security

 

[Shaf]

It would be wise to take free cryptocurrency courses online for a week at least to understand the terms and how to invest. It's possible to lose money in the blink of an eye if you invest in the wrong projects, so learning how to do your own research and learning the history of the markets is very important for newbies.

 

[Suba]

Not all crypto exchanges are accessible to all countries, in India, FUI bans some crypto exchanges like Binance, Kraken, Kucoin, Gate etc. So choose an exchange that is safe, easy and registered in your country. For beginners, you should only choose crypto that has a high market cap such as BTC, Ether and BNB, buy it gradually or use the DCA method and store it in a safe wallet such as a cold wallet for the long term.

 

[ImamShaheb]

Yup, choosing the right platform to trade should be the first priority otherwise one can easily end up with scenarios like FTX.... Unfortunately Nance/Kucoin/Huobi aren't available on many regions, the comes Bitget, providing their best to satisfy their users.