Buy Crypto Confidently
“Did I miss the boat?” At the middle of the night, Ben messaged me. That happens a lot. Prices were rising, Twitter was on fire and his thumbs were restless. I told him what I tell any newcomer: if you don’t have a strategy, you’ll be forced to follow the market’s plan.
Before you even consider placing an order, make sure that you are using a safe platform. https://www.tradu.com/my/buy-crypto/
“Big exchanges, they’re easy to get money on, they have deep markets, and they provide real support. Consider the fees, slippage and history of the listing. Learn about their past hacks and protections. Have some documents prepared when KYC is required. If you want to keep your own money, store it yourself and test with stablecoins before bigger moves.
Be careful when you move money. Bank transfers are low-cost but slow. Cards are quick but pricey. Consider the overall expense, not just the headline fee. The spread may be more painful than you realize.
Make wiser orders. Market orders fill immediately, but they can move against you if liquidity is low. Limit orders give you control. Many people DCA, so they don’t have to guess what the market will look like. “Volatility is no longer a siren, but it’s always present,” he writes.
Set aside the funds that you can afford and for how long. Hot wallets are good for spending. Cold wallets are more peaceful. Write your seed words by hand and store them like treasure, like a precious jewel. Don’t take photos. There are no clouds. Add 2FA with an app or physical device; SMS is weak. Keep multiple copies. Be very careful here.
Be wary of suspiciously polished links. Those phishing pages look legit and slick. Always type the URL. On-chain approvals remain in place; check them often. If something feels too good, take your time. Scammers push urgency.
Taxes are real. Monitor dates, transactions and cost basis. You could use a sophisticated tool, or a simple sheet. Ours is once a year — wherever your accountant lives, you’ll thank us.
Ensure the size of the positions allows you to sleep. If a decline of 20% is enough to put you in a bad mood, you’re too exposed. Your pulse is not meant to swing wildly. Don’t sound alarms; use signals. Cash is also a position.
Go beyond gut feelings homework. Read the documentation but also scan GitHub activity, engagement, the unlock timeline and the dates when insiders can unlock tokens. Get very mad about more than just memes. Hype is loud; math is quiet.
Before you go in, figure out when you’ll sell. Where could you profit, you think? Where do you move it? Get a goal and stay with it. Without rules being altered in the middle of games, you avoid spirals.
By making two rapid moves, I avoided losses. Step 1: Do a low-cost trial, Not a Big One. Costs, addresses and network decisions — learn at low cost. Step 2: it’s the down markets you enter, not green candles. It feels weird. It works.
Make the process your own. Take notes. Adapt on the basis of what you learn. The plan could be basic but personal. To feel better about the whole thing, go slow and click buttons with intent — and I don’t necessarily mean the speed of your clicks but rather the precision with which you push and the sensitivity with which you release; also, verify carefully. Tomorrow, crypto will still exist. Your money should be too.