FAQs Archive- Page 10 of 12

How do I choose a cryptocurrency to invest in?

Research the project's goals, team, market cap, and real-world use cases before investing.

DCA is investing a fixed amount regularly, reducing the impact of market volatility.

You can start with as little as $10, depending on the platform. Only invest what you can afford to lose.

HODL means holding cryptocurrency despite market fluctuations, anticipating long-term value growth.

Bitcoin (BTC) and Ethereum (ETH) are beginner-friendly due to their stability and recognition, but research is essential.

Investing involves holding assets long-term for growth, while trading focuses on short-term gains through frequent buying and selling.

A rug pull is a scam where developers abandon a project after collecting investors’ funds, leaving the tokens worthless.

Not all exchanges are equally secure. Choose reputable ones and avoid storing large amounts of crypto on them.

It’s when someone gains access to your private key, potentially stealing all your funds.

Write it down on paper and store it in a secure place. Avoid digital storage to prevent hacking.