Topic: 10 CRYPTO TIPS FOR BEGINNERS (AND NOT) by BitSails.com Exchange (Read 98 times)

BitSails 10 Crypto Tips

1) Never trust, always verify.

2) Never share your private key/seed phrase with third parties and unknown entities. If you don't have direct and unique control on your cryptographic keys you don't have control on your funds.

3) Always double check you are connecting to the genuine version of a website before entering credentials such passwords, 2FA codes, sensitive information and so on. Bookmark a website to be sure you are always connecting to the same URL. Anyway always check website's SSL certificate is valid and trusted by your browser.

3) Always double check wallet addresses when you deposit or withdraw to and from and exchange. Sending funds to wrong address most likely means you lose the funds.

4) Be aware that $CRYPTO is a community full of great people and genuine enthusiasts but scammers are always ready to act. They will try to impersonate many accounts to bring you in their trap. Never send funds/share info to anyone claiming he is someone before having a cross-check of his identity with a public identification method (posting with an account, sign a TX with a BTC address, etc..).

5) Keep it open source and verifiable (when possible).

6) Help the others as you would like to be helped. Sharing is caring and caring is something world need a lot!

7) Never trust websites/people claiming to multiply your money after a small investment. These are Ponzi schemes, they are illegal and a fraud. Making money in $CRYPTO is hard as any other job. It is a new and expanding market but this doesn't mean you automatically win every time you play. People makes millions but the most lose the few thousands they saved. Excercize proper risk management, never bet what you can't afford to lose.

8 ) If you believe in the future of a project and you want it to become successful become part of its community.

9) If $CRYPTO gives something to you, give it back to $CRYPTO.

10) Never trust, always verify.


BitSails.com Team