Hello everyone!
I am a newbie who has been into Crypto for 3 months.
To be honest, at first I couldn't even tell Bitcoin from Binance 😅 But now I feel much more confident thanks to my own research and some small "hard-earned" lessons:
2 new things I learned that I wish I had known earlier:
1. A "Crypto Wallet" does not actually "hold" coins!
Instead, it stores the private key - the key to prove you own coins on the blockchain. Losing the key = losing money for sure!
"Not your keys, not your crypto" is real!
2. Keeping coins on an exchange is convenient, but self-custody wallets are truly safe. I am using Trust Wallet and MetaMask - both are easy to use for newbies!
Personal experiences:
1. I once mistakenly transferred on the wrong network and lost $10 in fees - now I always double-check before sending!
2. I learned about staking and am experimenting with a small amount of money - earning a few % makes me happy already!
I am still learning every day and would love to hear everyone's experiences! Are there any newbies like me? Or if anyone has good tips, please share with me! 🙏