Quote:
Originally Posted by MoniqueGalvan
Using a centralized exchange like Coinbase is a great starting point, especially for new users. It's user-friendly and allows you to easily deposit US dollars for cryptocurrencies.
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I agree. They have a unique system with a centralized exchange and then what looks to be a decentralized wallet. I think the biggest lesson I learned in crypto was to stick with the bigger coins if you didn't have time to trade frequently. This isn't really a buy and hold game otherwise. Even with the larger coins you can day trade to a degree. An example would be. Had I just bought and held things like BNB, Solana, etherium, BTC on the dips instead of gambling on garbage coins I'd have lost less money. It's easy to get sucked into the gambling side of crypto because it's fun. First secure your primary coins, then play. Always keep a stash of funds ready to buy that's in cash on an exchange or a stable coin like USDt. That way you can take advantage of quick dips