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3 things every beginner should know before investing in Cryptocurrency

The cryptocurrency market can be tricky especially for any new investor. Beginners usually make the mistake of being influenced by someone else making good profits and end up investing a chunk of their money and more often than not end up making losses.

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3 things every beginner should know before investing in Cryptocurrency

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  1. 3 things every beginner should know before investing in Cryptocurrency

  2. The cryptocurrency market can be tricky especially for any new investor. Beginners usually make the mistake of being influenced by someone else making good profits and end up investing a chunk of their money and more often than not end up making losses. This article will help beginners understand a few points they should keep in mind before making any investment and will also help those who want to get started with their cryptocurrency investment journey by helping you with a way to buy Bitcoin in Canada which is the most noble currency in the market today.

  3. Let’s get started with a few points to keep in mind before making any investment decisions, DO NOT INVEST YOUR FUNDS BLINDLY BASED ON RECOMMENDATIONS AND SUGGESTIONS. This is one of the traditional ways by which new investors enter the market, tips and recommendations can be helpful to make a quick buck but more often than not these tips end up backfiring because of which new investors end up losing most of their money and they lose their faith in the cryptocurrency market.

  4. While there is no harm to hear what others have to say, it is very important to do your research before making any investment decisions. One can read up about the currency and try finding out about the quality of projects that the currency would be a part of and then make an informed decision.

  5. KEEP YOUR CRYPTOCURRENCY WALLET SAFE AND TRY USING COLD WALLETS Your cryptocurrency wallet is the medium that holds all the currency you own, these wallets can be susceptible to hacking which may cause you to lose out on all the asset you own. It is advisable to own a cold wallet and store your cryptocurrency there. A cold wallet is like a thumb drive which can store all the cryptocurrency you own. This thumb drive can then be stored in a locker or any other secure physical medium that you are comfortable with. To access your cryptocurrency again, all you need to do is connect your thumb drive back to your pc and all your holdings will be visible there.

  6. BEWARE OF SCAMS This is one of the most important points that every new investor must know. There are a lot of scams that are now floating around with the increasing popularity of the cryptocurrency market. People might claim on Twitter, Quora and several other platforms that if you send them a cryptocurrency they will double it back and return it to you. Believe it or not, a lot of people have fallen prey to such scams and all new investors should stay away from any such messages.

  7. HOW DO I GET STARTED? There are tons of cryptocurrencies to choose from like Bitcoin, Ethereum, Litecoin and many more. If you are now wondering that why “Litecoin buy Canada” could be trending on your search engine then the growing pupillarity of cryptocurrencies is one of those reasons and all you need to get started is to visit the Netcoins website and follow the instructions listed there. SOURCE CREDIT : https://medium.com/@netcoinscanada/3-things-every-beginner-should-know-before-investing-in-cryptocurrency-16f1a66ba3d6

  8. THANK YOU FOR WATCHING

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