How to Play Crypto for Beginners, Note This!

Over the last few years, a lot of people have been talking about investing and learning how to play crypto. It's really hard to guarantee finances when you're in this one asset. 

Also, for those of you who want to get rich quickly at a young age, this is worth a try. One of the growing investment vehicles is crypto or cryptocurrency. For those of you who are still beginners and want to get into the world of investment, we will teach you how to play crypto for beginners

Cryptocurrencies or crypto currency is a virtual currency that acts as a medium of exchange and uses cryptography to secure financial transactions. This currency has actually entered circulation and is popular not only in Indonesia but also abroad. 

Cryptocurrencies are also different from traditional currencies. Cryptocurrencies are more decentralized. Therefore, we can say that there are no brokers in trading. What does it mean? Well, basically the transaction is carried out directly by the two parties involved, namely the sender and receiver.

The Simplest Way to Play Crypto

By knowing the concept, you can start trying to invest and get started trading cryptocurrencies for beginners. 

Prepare Only "Cold Money"

There is hot money and cold money. Cold money, as the abbreviation X stands for, is money that you don't use as a hold on or the most important asset in life. This money is not money you will use anytime soon. 

Investing in cryptocurrencies is very risky and often doesn't come with much to lose. If you really want to try a virtual currency trading method for beginners, you must be prepared to lose money. So make a special budget for this. 

Get to Know the Crypto Assets You Will Buy

How to play crypto is the first thing you have to do. The point is you need to know and understand the crypto assets on the market, bro. Some of the names of crypto assets that are quite well-known on the market are Solana, Ethereum, Bitcoins, Shiba Inu, and Dogecoin.

Also read: Investment Tricks When Bitcoin Drops, Keep Earning!

Choose the Right Wallet

Beginners should also know the right exchange for cryptocurrency trading. Well, that can help you to make transactions safer, bro.

Not only that, choosing the right exchange will also determine whether you win or lose. You can choose an exchange by considering the following: security, customer service, and transaction fees. 

The thing is that when choosing the right exchange, you need to make sure that the marketplace you are using already has a clear license.

Don't rush to sell when the asset goes up

For example, if you are out of luck buying a cryptocurrency and the price drops, don't worry. When your crypto goes down in value, you can buy it back at a lower price to get a lower average price. Pay attention to its future performance. If the price starts to rise, you must be profitable, right?

Also read: Bitcoin and Binance Coin Analysis Monday 1st August 2022

The most important way to play crypto and be profitable is to be calm and patient. So, learning to be patient is the key in playing this crypto.