How do you invest safely?

[Mr. Magkaisa]

        -   If you want to invest safely and not waste your capital, you must know how to do your own research on the coin you are looking for. There are many ways we can use platforms to find legitimate coins in this field, such as Coingecko, CMC, Geckoterminal, and others.

These are just some of the ways we can find good crypto to do as a form of investment. Especially in this era of bull runs, there are many scammers who will take advantage of us to become victims. We need to be smarter than them as much as possible.

[bayu7adi]

Wanting to invest safely in a new cryptocurrency project is certainly more difficult than investing in a cryptocurrency project that has been running for a long time. Until now, many projects have been launched but their lifespan is only limited to fundraising, after that many of these projects will disappear in their own ways.

The safest way to invest in cryptocurrency is to buy BTC, yes... because the world of cryptocurrency is very risky, but with this high risk, if you are lucky you will get something big too. It's worth the risk, so it's only natural that many people lose their money because they may not be aware of this risk.

[Gladitorcomeback]

Wanting to invest safely in a new cryptocurrency project is certainly more difficult than investing in a cryptocurrency project that has been running for a long time. Until now, many projects have been launched but their lifespan is only limited to fundraising, after that many of these projects will disappear in their own ways.

The safest way to invest in cryptocurrency is to buy BTC, yes... because the world of cryptocurrency is very risky, but with this high risk, if you are lucky you will get something big too. It's worth the risk, so it's only natural that many people lose their money because they may not be aware of this risk.

There is no doubt that Bitcoin is the safest investment option available in this industry but that doesn't mean other cryptocurrencies are useless or aren't worth investing. One thing that is essential for every investor in this industry is to always do research before investing because as you said, a lot of projects that are launched aren't as good as some investors might think and that is the reason why they lose money.

If someone invests in cryptocurrencies only after doing enough research, their chances of losing money will be much less because they will only invest in cryptocurrencies and projects that are good and have the potential to provide good returns on investments.

[Agbe]

I just made a similar comment I'm another thread. You don't have to invest any platform you see in the internet about trusted ones. And base on what you said, it is only advise to invest your coins to an open source wallet and if it is for trading there are platforms that are good for trading. You can use metatrader or reputable exchanges to trade. And if it is for investment then you can use open source wallet or airgapped wallet to invest. So with that, nobody will take your money and run away because you have used legit and secure platforms to do your businesses.

[SmartGold01]

I just made a similar comment I'm another thread. You don't have to invest any platform you see in the internet about trusted ones. And base on what you said, it is only advise to invest your coins to an open source wallet and if it is for trading there are platforms that are good for trading. You can use metatrader or reputable exchanges to trade. And if it is for investment then you can use open source wallet or airgapped wallet to invest. So with that, nobody will take your money and run away because you have used legit and secure platforms to do your businesses.

Most times people don't understand what they are actually wants because whenever they sees anyone post online about good news on coin or a platform they invested they feels so cool to go join them without knowing some of this are just naturally trap for them to fall to get scammed.
Op needs an Open source wallet ( Electrum wallet can be used here) or
Hardware wallet.
After which he can create account on exchange that is trusted, buy and moved his bitcoin to the address downloaded. If he thinks fee will be much then he can use p2p then they send directly to his address.

[emmybd]

Investing in cryptocurrency can be exciting, but it’s important to do so safely to protect your investment.

Before investing, understand what cryptocurrency is and how it works. Familiarize yourself with blockchain technology and the specific currencies you’re interested in.

Don’t invest more than you can afford to lose. Cryptocurrencies can be volatile, so it’s wise to start with a small investment and gradually increase it as you gain more experience.

Use secure wallets to store your cryptocurrencies and enable all available security features, such as two-factor authentication.

Just like with traditional investing, don’t put all your eggs in one basket. Diversify your crypto portfolio to spread the risk.

[bhadz]

Use secure wallets to store your cryptocurrencies and enable all available security features, such as two-factor authentication.

Use hardware wallets for your own safety. Because they're the recommended ones to use. If you don't have an hardware wallet then use desktop or mobile wallets that are secured and I agree about 2FA. It's a second layer of security before someone gets access to your funds. Not all users are using 2FA because they think they're safe but it's the a recommended application if you want additional security for your funds.

[Litzki1990]

First of all you need to ensure maximum security of money when investing. To ensure maximum security, you have to see which coins in the market are more reliable and among all the coins in the market, if we invest in which coin, the risk of our money will be much less. Because instead of expecting more profit we should invest in those coins which will have less risk of our money. Many investors make such a mistake that they invest in the wrong coin to gain a relatively large amount of money where they lose all their money. But it is not a safe investment at all, it is foolish to expect extra profits if your capital is not ultimately protected.

[bayu7adi]

Just like with traditional investing, don’t put all your eggs in one basket. Diversify your crypto portfolio to spread the risk.

It's true, diversification is very important... but never diversify into the same type of asset... for example, if you only like cryptocurrency, it's a good idea to also pay attention to other assets such as shares or bonds. As time goes by, you will find an appropriate risk profile for yourself in relation to the number of assets you own.

Cryptocurrency obviously has many types of coins, from meme coins to coins with high utility, you can buy PEPE or DOGE, but you also have to pay attention to other coins such as BNB or ETH and more importantly, don't forget BTC.

[pacar_tiri]

It's true, diversification is very important... but never diversify into the same type of asset... for example, if you only like cryptocurrency, it's a good idea to also pay attention to other assets such as shares or bonds. As time goes by, you will find an appropriate risk profile for yourself in relation to the number of assets you own.

Cryptocurrency obviously has many types of coins, from meme coins to coins with high utility, you can buy PEPE or DOGE, but you also have to pay attention to other coins such as BNB or ETH and more importantly, don't forget BTC.

I prefer to keep assets in the form of Bitcoin, Ethereum and BNB. I don't want to buy meme coins in the form of Pepe or Doge which in my opinion have very high risks and no guarantee for a bright future.

[Doovla]

There is no safe way to invest on any exchange. There is a risk in all of this. Pay attention to the settings and select the CEX exchange in which you intend to profit.

[Z-tight]

Use secure wallets to store your cryptocurrencies and enable all available security features, such as two-factor authentication.

If you are using a recommended wallet, i.e. Electrum wallet, then i would recommend that you set up a multisig wallet, rather than a 2fa wallet. Another extra layer of security is to extend your seed phrase with a passphrase, this gives you extra protection and can help you create plausible deniability in a situation of a $5 wrench attack.