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Tips On How to Buy Crypto

When you buy crypto for the first time, you should not be enchanted by fabulous returns and big promises some projects make to “catch” investors. Amid successful projects, there are also fraudsters who only hunt for investors, promising the Earth.

We recommend running through every project you consider investing in, learning about its founders’ background, the core of the project, what benefits it brings, what problems it solves, etc. And only when you make sure the project is trustworthy buy its coins.

The next question the novice investor may wonder is, “Where is the best place to buy cryptocurrency?” and the answer is centralized crypto exchanges. As a rule, such exchanges are more reliable and propose a wide range of trading tools.(1)

The best way to buy crypto is a WhitBIT exchange – a centralized platform with a full range of instruments for trading:

trading bots margin trading leverage spot p2p DEX swap etc

Besides, the WhiteBITcrypto platform has a WhiteBIT Blog that features a lot of interesting and valuable information on different topics:

how to buy cryptocurrency how to pass KYC how to use trading bots how to create own token

These and many other topics are uncovered on the WhiteBIT Blog. Now that we found out where to buy cryptocurrency, let’s switch to trading tips for beginners.

Tips on how to buy crypto

The first thing you should consider before buying crypto is a crypto wallet. There are several ways to store your crypto assets – cold and hot wallets or “light” and “heavy” wallets. 

Hot purses are wallets in your mobile application or on your PC. You install such an app, register the wallet and use it. Such wallets are suitable for everyday use if you trade often and need to conduct transactions quickly

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When you buy crypto for the first time, you should not be enchanted by fabulous returns and big promises some projects make to “catch” investors. Amid successful projects, there are also fraudsters who only hunt for investors, promising the Earth.
Buying a new house is an overwhelming experience and a big investment for the future. It may easily threaten your financial well-being, especially with high-interest rates and unfavorable terms and conditions.

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