Tips for New Crypto Investors

There are more and more people coming into crypto space which is great. However, most of these people are making very common beginner mistakes which could actually be prevented if little bit of time were invested. Don't think I am being arrogant. I was actually one of those who made silly mistakes. Thankfully I was only investing the money I could afford to lose. The times are also different to 2017, we have more resources and information available to us and I will also try to help informing people with this article. 

I would like to give a bit of a background. I have been investing in the markets since late 2017. To  have a diversified portfolio and manage my risks, I invest in Commodities. Only 30% of my portfolio is exposed to Crypto (some people think this is a lot, some think this very small). I have been through 3 of the biggest 7 crypto crashes within this time. I can say I am fairly accustomed to the volatility of Crypto market. I can tell you that it is nothing like Commodities or Stocks. But it is definitely more fun for those who enjoy the journey. It is a market that I am truly sold in. But that doesn't mean I am blindly investing in every single project that I come across or hear. I want to share some of the wisdom I gained so that people invest more responsibly and make the mistakes earlier with small amount rather than big. No one has 100% track record of success and no one ever will. It is also OK to make a wrong call and sell it at a cost when you realise it. I apply the legendary rule to the coins that I truly believe in and I try to only buy coins that I can for at least 5 years. If you are looking for 100x-500x projects, then this article isn't really for you. If also someone is telling you 100x, 1000x in their articles and Youtube channels, then it is highly likely they are shilling or they know nothing about crypto space. You may get one or two tip, like you may get lucky (rather unlucky) with one of your tokens and become a millionaire over night. However, that is very rare. I say rather unlucky because if you get lucky and become a millionaire over night and not truly understand how the market works, it is highly likely you may lose that money over night. Without further ado, I would like to introduce the advices for new investors. I have collated this from a reddit thread which I started un KUCOIN Subreddit and feel free to have a look at on

I would like to thank great Kucoin Subreddit Community here for sharing their experiences. Also just an important note; none of these is financial advice and solely for entertainment and education purposes.

1. First and foremost, invest your time first before investing money. Understand the market and how volatile it is.

2. DYOR before buying and never open a position based on a tip.

3. Don't stick to one source of information. There are tonnes of resources out there. Just check pro and contra arguments to the projects. I am going to leave some of the sources I use o my researches but please have more to your sources. 

   • Reddit - almost evey project have their own subreddit and people are always happy to help with questions.
   • Official Discord channels of the projects ( Beware of fake Channels)
   • Official Telegram Groups of the Projects ( Beware of fake Channels)
   • Twitter - Follow the Official Projects and follow some prominent figures. 
   • One and only Coin Bureau - I find him to be the best and the most trustworthy YouTube channel. Always impartial reviews of the projects and pros and cons. I love his humour, too. 
   • Ellio Trades YouTube Channel - I have been following him for a while. He is usually honest with what he is invested in and what projects he is an adviser for. But there are also sense of pumping of some projects.
   • Crypto Banter YouTube Channel - I am following this channel and there are sometimes good information but you need to take anything they say with a grain of salt. Just don't jump into anything they say before DYOR. This applies to all the YouTube channels mentioned. 
   • Crypto Price Predictions YouTube Channel - Fairly new channel which has been exposing some of the Pump and Dumps by big Influencers and also giving really good information on how to spot potential scams and pump and dumps. Definitely one to add to research portfolio. Some of the big influencers are the ones that I listed above. But if you have variety of sources of imformation, you can make a better judgement call and it is not really black and white. Above channels have valuable information, too. Just try not to fall into shilling and tame your FOMO.

4. Always check referral codes online before opening an account somewhere. I usually do this in Reddit but a simple Google or search should get you what you want. 

5. Ticker price of a token has no meaning. Check the Market cap. Don't go into $0.000000000000001 token and expect it to be $1. This is earthly not possible. We need Extra-terrestrial beings to hold that token to happen.

6. Don't invest in anything you do not understand.

7. Don't use 5x+ leverage in your first trade in margin or futures.

8. Learn to HODL.

9. Be aware of scammers, official admins will not DM you first in most cases.

10. Password: The longer and more complex your passwords, all else being equal, the better.

    2FA: Google Authenticator, SMS, E-mail, or all three. Just make sure you also have a backup for yourself on the 2FA so if something happens you don’t get locked out based on your own security. You can even print out QR codes and put them in a safe place.

    Whitelist: An opt-in security feature in the address book which enables crypto withdrawals to go only to addresses (external or KuCoin) already designated in your Address Book.

11. Never ever ever give out your password or Seed Phrase. 
12. This market is very volatile even though you hear this and you say ok got it. Until you experience 30% or 50% drops you won’t know. Don’t trade with emotions . Very hard to do.
13.  This one I wanted to put on its own as I find it to be witty.
14. This one, too.
15. Start slow and invest monthly for a year. Keep your crypto accounts secure and in several accounts and wallets.

I think the list is pretty comprehensive. If I missed anything please add them in the comments below. 

I would also like to add some of the platforms that I use. Please note below will have some referral links and it is partially advertising purposes. If you don't want to use my links, please refer to rule number #4. 

 - One of the most trustworthy platforms, however it lists very few coins in comparison to the other platforms. One advise I can give is that use  COINBASE PRO to trade as the fees are a lot less and it doesn't cost extra to use PRO version. You can earn $10 TC if you sign up with my referral, I think they have a fixed referral offer and not sure if you can get more if you use others. But again DYOR.
Coinbase referral Link - We'll both get free Bitcoin when you register with the code below and buy or sell $100 of crypto. Happy Trading.
 - It is by far the most used trading platform for me as they offer variety of altcoins. You can also get daily dividends if you are holding more than 6 KCS. What's more they have trading bots. But please invest on those with caution as they are a lot more risky than holding coins.  
Kucoin Referral Link- There is not much in it for you. I will be getting a little share for each transaction by you. 
 - The Almighty Binance. There are loads of opportunities to use you idle cryptos. Daily flexible staking, Fixed Staking etc. They have plenty of coins to invest to. 
Binance Referral Link- We get 10% rebate each for transaction fees. 
 for defi and holding your assets in your wallet. Beware there are loads of fake  METAMASK sites and DEFI is extremely risky. Also there are no Metamask KYC required. You maybe receiving phishing emails. Just ignore them. 
 - Great exchange but there are not many coins. I use it to transfer my BAT that I earn by using  BRAVE browser. 
Gemini Referral Link- Get $10 in BTC when you invite a friend and they trade $100 worth of crypto. 
 - Recently started using it. They have reasonably good staking APYs. Give it a go. They also have GBP and EURO stable coins that you can stake.
Nexo Referral Link-  For every friend who tops up $100 or more, we’ll reward both of you with $10 in BTC
 - This is by far my favorite project and just a heads-up I am heavily invested in it. I use  PRESEARCH instead of Google and earn PRE tokens for each search up to 30 searches a day. It is privacy focused, soon to be decentralised. So give it a go. 
Presearch Referral Link - We both get 25 PRE tokens. 
CoingeckoCoinmarketcap for price analysis. For Coinmarketcap, if you sign up with the link, we will both get 20 diamonds :) Not sure what we can do with those diamonds yet but you can claim them everyday just by logging in.  
Lunarcrush for Social Sentiment analysis - Just make sure you are not making decisions solely on this. You can also sign up and contribute to the data while earning LUNR tokens. Here is my referral 

Hope you enjoyed the content and please leave comments and likes or dislikes, also follow me for more upcoming content.

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