Crypto Investment Tips That Beginners Must Know

Rancakmedia.com – The trend of investing in crypto assets or crypto currency has become commonplace in Indonesia. This investment is very popular among young people, especially active users of social media.

For individuals who are skilled and have a high risk profile, crypto assets can definitely be an investment alternative. However, for those of you who are new to crypto assets, of course you have to understand a lot before starting to invest so you don't regret it in the end.

Therefore, it is very important for those of you who are beginners to understand 4 Crypto Investment Tips

1. Assessment of Crypto Asset Variables

First, you must recognize the types of crypto assets and how they function before investing. Currently, there are several leading crypto assets such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), Ripple (XRP), and many more.

Well, each crypto asset has different requirements and methods of operation. To recognize it, the simplest approach is to check it from the official website.

2. Find Out the Amount of Service Fees

Every time you make a transaction to acquire crypto assets, you will be charged a service withdrawal fee by the merchant. Well, you should always pay attention to the price.

In addition, it is also important to pay attention to its spread. What are spreads? The spread itself is the difference between the highest buy order price and the lowest sell price.

3. Choose Legal Media Exchange

This last suggestion is very important. Make sure you choose an exchange media that is official and registered with the Commodity Futures Trading Regulatory Agency (Bappebti).

So far, there are 13 crypto asset provider businesses registered with Bappebti. The company officially offers a crypto goods exchange platform. So novice investors may be more cautious about making long-term investments with digital currencies.

4. Upbit Has Obtained Permit from Bappebti

Now, Upbit itself, which is a digital asset exchange, has received Bappebti's authorization. Upbit has been working since 2018. You can access the Upbit service by downloading the Upbit Global app.

As the number of users increases, it is possible that someone is trying to commit fraud on behalf of Upbit. If any site, program, Telegram or social media account invites you to join a certain airdrop event or send crypto assets or rupiah, please be careful because it might be some kind of scam.

"Seeing the positive development of the crypto ecosystem in Indonesia in general is very encouraging, for that we always remind Upbit Indonesia users in particular to always be aware of elements out there that can disrupt this growth by taking irresponsible actions," said Upbit Indonesia. VP Operations, Resna Raniadi in an official statement, Wednesday (27/10/2021).

Conclusion Regarding Crypto Investment Tips:

The trend of investing in crypto assets or cryptocurrencies has become commonplace in Indonesia. There are several leading crypto assets such as Bitcoin (BTC), ETH, Binance Coin (BNB), Dogecoin (DOGE), Ripple (XRP), and many more.

As the number of users increases, it is possible that someone is trying to commit fraud on behalf of Upbit. Make sure you choose an exchange media that is official and registered with the Commodity Futures Trading Regulatory Agency (Bappebti).