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Tips and Tricks for Beginners Before Mining Crypto Assets

image Tips and Tricks for Beginners Before Mining Crypto Assets

Many people are busy investing their money in cryptocurrency. photo/ ist

Jakarta - Cryptocurrency investment is currently being discussed by many people as one of the profitable money-making instruments. many people are busy investing their money in the form of cryptocurrencies.

For experienced investors, of course, they have done various calculations carefully before investing, but for those of you who are still familiar with the world of cryptocurrencies, it is also fomo (fear of missing out) because many friends have more or less posted on social media regarding their crypto investments, try to learn some first. basic stuff. Read on too - this new WhatsApp feature is suitable for chatting with family or close friends

"Seeing positive developments according to the crypto ecosystem in Indonesia in general is very encouraging, for that we always remind Indonesian upbit users in particular to always be aware of people out there who can interfere with this growth by taking irresponsible actions. ” said Resna Raniadi, VP of Operations Upbit Indonesia in a press release in Jakarta (21/10/2021).

Upbit Indonesia summarizes some suggestions and tricks that can be applied when you want to start investing in cryptocurrencies, including:

1. variable evaluation of cryptocurrency assets.

Before deciding what cryptocurrency you want to buy, try to identify the type of cryptocurrency and how it works. One of the easiest ways to evaluate crypto assets is by visiting the official website.

2. Look for understanding the size of the service portfolio.

when making a cryptocurrency investment transaction, there is a fee scheme for buying and withdrawing services within the trader. Always pay attention to the amount of the fee and also pay attention to the spread. the spread itself is the disparity of the highest buy order price with the lowest selling price.

three. choose a legitimate media exchange.

In order to claim investment security, choose a media exchange that is official and registered with the Commodity Futures Trading Regulatory Agency (CoFTRA). CoFTRA is authorized to regulate digital crypto trading mechanisms in Indonesia.

So far, there are 13 companies that have been registered with CoFTRA to become Asep Crypto traders. This company is the official one to provide a crypto product exchange platform. so novice investors can be more careful in making long-term investments using digital currencies.

Being a digital asset exchange, Upbit itself has been licensed and regulated under the Commodity Futures Trading Regulatory Agency (“CoFTRA”) since its inception in 2018.

As the number of users increases, it does not rule out the possibility that there are individuals who are trying to commit fraud on behalf of Upbit.

If there is a website, program, telegram or social media account that asks you to participate in certain airdrop events or transfer crypto or rupiah assets, please be careful because it could be a form of fraud.