If you are new to crypto, here are some basic tips and tricks.
Tips :
Don't be greedy
Patience pays you
Hold for Long term
Where to buy : In India ,You can buy cryptocurrency through WazirX , Giottus , Coinswitch and Coindcx .
Tricks :
Use Hardware wallets (eg.SAFEPAL ) for storing your cryptos.(note for large investors more than ₹30k)
While holding,use Staking , Farming and Liquidity providing techniques .
Once you brought crypto in any exchange , transfer it to Binance .
Binance provides you interest and you can perform all activities here.
Be open minded, try to know about all cryptos .
Don't depend on Bitcoin and Etherum ( common cryptos )
Top 10 cryptocurrency you can invest:
My personal suggestion
1.Cardano (ADA)
2.Matic
3.AAVE
4.Chainlink (LINK)
5.Doge coin
6.Bit torrent ( BTT )
7.Vechain (VET )
8.Binance (BNB)
9.Etherum (ETH)
10.Litecoin (LTC)
There are many other coins releasing day by day . You can do your own research to know about it .You can get any coin's price,trading volume,its supply ,its price chart and it belong to in which market in Coinmarketcap .
If you are using twitter ,u will come across SAFEMOON , SHIBAINU etc., These are memecoins , you can get in Defi (Decentralized Finance) eg. Uniswap ,Pancakeswap , Manyswap and many other defi platforms are there and you can store them in wallets (eg. TRUST WALLET , METAMASK ). DEFI works in major two network ETH (Etherum network ) and BSC (Binance Smart Chain).In this BSC has very low gas fees. ETH is only for largest investers. Wallets dont need any KYC details . Gas feel is nothing,its a transaction fees .Binance has largest liquidity compare to another exchange
LIQUIDITY :
It depends on n
o. of sellers to collect particular coin and No. of buyers to collect a particular coin.
At present more than 10000 cryptos are available in the global market .
Stay away form Meme coins,they are shut coins.
Go for Standard Coins with good support .
Eg. BTT - Torrent
WIN - Gaming
BNB ,WRX , CRO - Exchange
Time to get cryptos :
More you learn more you gain in crypto. Jump in when everybody in fear.
2 situation in crypto market :
Bull market - Rising phase
Bear market - Falling phase
