Smart Tech Tips: Five Things You Should Know Before Investing In Cryptocurrency By Fom Gyem

Investing in Cryptocurrency can be rewarding but it comes with risks. You have to always approach it with caution, education, a long-term perspective and deep knowledge of how the platform works. These are some things you need to know before investing:

1. Do Your Research: Never invest in a cryptocurrency based solely on hype or someone elses recommendation, you should understand the projects purpose, technology, team and research extensively where your interest lies.

2. Start Small and Diversify: Cryptocurrency is highly volatile, so, always begin with an amount you can afford to lose. Diversify your portfolio across different cryptocurrencies to reduce risk and avoid investing all your funds in one coin or project.

3. Use Secure Wallets and Exchanges: Store your crypto in secure wallets hardware wallets for long-term storage. Avoid keeping large amounts on exchanges, as they are vulnerable to hacks. Make sure you enable two-factor authentication 2FA for added security.