Transfer between exchanges

Did you follow the first three tips? Wow! Now you can start buying your first cryptocurrency! For this, we recommend using a cryptocurrency platform.

On this platform you can buy very popular cryptocurrencies such as BTC and ETH. To buy other cryptocurrencies that are less popular but have high growth potential, you need to transfer Ethereum and Bitcoin to so-called exchanges.

Exchange is a platform that allows you to exchange Bitcoin for a cryptocurrency we call Altcoin.

DYOR (do your own research)

Investing in the top 10 cryptocurrencies is not a big mistake. Investing in some of these cryptocurrencies is also a security guarantee.

What we are interested in here is how to invest in cryptocurrencies with less capital. There are about 2,000 altcoins. Some projects have great potential for growth, while others are destined to be fraudulent or extinguished. Therefore, you need to be especially vigilant before investing in one of them.

Our fifth tip is a very popular saying in the cryptocurrency world: DYOR! This comes from the English word "Do Your Own Research", which means that you need to do your own research before investing in a project. Don't invest in the advice of strangers (for example, you've read a message on a forum).

Here are the different media you can use to analyze the cryptocurrencies you are interested in in detail.

1. Read the white paper
2. Professional discussion forum
3. Use of Twitter
4. Join Telegram, Discord, Skype
5. Google Search-Search for online reviews, Reddit, Steemit and more.

It is important to have enough information so that you can form your own opinion about cryptocurrencies. Don't hesitate to take the time before investing in a project. Sometimes it's better to miss a good opportunity than to work head-on on a project where you will lose money.

Beware of fraud

Our sixth tip is about all the scams that exist in the crypto world. Particular attention should be paid to this and it should be avoided as much as possible.

Here's an article we wrote about cryptocurrency scams: Bitcoin and Scams — Find out!

To avoid falling into these traps, we encourage you to read this little guide on scams in detail.

Find someone you can trust to follow

Our seventh tip is to find someone you can trust to help you with your investment.

Some people don't want to spend hours analyzing a project, others don't have time to analyze a project. Then you have the option to follow experienced people who can provide advice. However, you need to be careful and choose these people carefully. The environment is full of scammers and people who just want to manipulate the course for their own benefit.

Here are some guidelines for detecting whether a person is potentially trustworthy.

• Seriousness and rigor
• Human humility
• Description of all risks

If you have a paid subscription, it must be renewable. This requires users to provide interesting and serious advice so that they can renew their subscription.

On the contrary, there are some signs that an individual or group is trying to show that they are fraudsters.

1. Promise to win easily without effort.
2. Immature.
3. Pump group.
4. Arrogance.
5. Single payment subscription to become a life member.

Read more: https://bit.ly/3dHx9Ox