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Joined: 9/8/2012(UTC)
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I've decided to start learning about cryptocurrencies and token exchanges, but I realize that it's not as simple a task as it may seem at first glance. I wonder what risks await beginners and how can they be minimized? For example, how to avoid losses due to volatility of the exchange rate or not to become a victim of hacking? I've heard that security is important, but I don't fully understand how to ensure it. It would be great to hear advice from those who already have experience in this field and know what to pay attention to in order to protect their funds.
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Rank: Guest
Joined: 9/8/2012(UTC)
Posts: 16,160
Was thanked: 16 time(s) in 15 post(s)
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In general, the risks are mostly for people who do not want to study this area thoroughly. In order to avoid this, I advise you to add to your knowledge bank some facts that I have learned from https://coincodecap.com/how-and-why-to-wrap-and-unwrap-ethereum. If you want to avoid mistakes when choosing an exchange, it is important to pay attention to several things. I always check the reputation of the platform - if it has a lot of negative reviews, it is better to look for another. It is also important to look at the commissions, so that they do not eat up all the benefits. And I never keep more on the exchange than I intend to exchange - that way I can minimize the risks of losing money.
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Rank: Guest
Joined: 9/8/2012(UTC)
Posts: 16,160
Was thanked: 16 time(s) in 15 post(s)
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Very glad I stumbled upon this article when I was just starting my journey in cryptocurrencies. It really saved me a lot of time and nerves. All the necessary information is collected in one place, and now I'm sure that I'm doing everything right. I advise all beginners to read it.
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