Is it possible to make money quickly on cryptocurrency?

Started by Lissa, Jul 28, 2022, 07:31 AM

Previous topic - Next topic

LissaTopic starter

Recently, there has been an interest in investing in cryptocurrency, but there is a lack of certainty about its profitability.
As a novice, I would appreciate it if you could share your personal experience on the matter.


There is no way, in the short term, the crypt will devour more on commissions. I buy the bits myself, but I keep a wallet on a flash drive, which is called for a rainy day. And not for earnings.


You must understand that cryptocurrency is not very stable. Of course, you can make big profits, but you can also lose everything in one moment. If you are going to invest in cryptocurrency, then I advise you to study all projects in great detail separately, sometimes companies may not talk about their real profits, so be careful.


You can easily raise thousands of dollars in crypto, but you can just as easily lose the same amount. This must be approached with understanding. First learn, then invest to the fullest your capital


After making the initial decision to invest in cryptocurrency, beginners often find themselves overwhelmed. However, if you have completed the necessary preparation steps, such as selecting an asset and understanding its current market status, the process will be relatively simple.

The first step is to top up your wallet using a convenient method available on the exchange platform. For example, on some platforms, this can be done through the "Exchange" or "Trading" sections. It's important to note that if you're using a centralized crypto exchange like CEX, you'll need to pass KYC verification before depositing fiat money into your account. Verifying your account immediately is optimal as it provides better account protection and more opportunities to use fiat money on the exchange.

If you're buying through the trading mode, you'll need to select the appropriate trading pair such as Bitcoin for Dollars from the "fiat" section in the "Market" list. From there, you can place an order for the purchase and sale of cryptocurrencies.