Blog Post
What are the Top Five Things You Must Not Do When Investing in Cryptocurrency?
Marius Bogdan Dinu • May 20, 2019
Here are top five tips & tricks you mustn’t do when investing in cryptocurrency.
Do Not Lose Your Seed Words For Your Wallet
The seed words in your wallet are there you help you recover your wallet in the case of your phone getting lost, your computer dying, or if your backup files get corrupted. They are one of the coolest inventions ever with regard to finance. With those words, a nuke can hit the country and you will still be able to get your funds bank. The government can raid all the banks like that have done in other countries and you can get your funds back in a different country. It’s pretty cool.
However, if a bad guy gets your seed words, they too can recover your wallet. They can then take your funds for themselves. There are definitely ways to reduce the damage in the event this happens:
- store funds in different coins, which have different wallets.
- store large sums of one coin in separate wallets
- do not leave your seed words on your computer or on a cloud platform
- write your seed words down, and store them safely.
Do Not Keep Funds on an Exchange or Give Your Keys to Someone Else
This is a nascent industry and it is still learning the ropes. It’s expected that some level of hacking happens, heck, Equifax has been around forever and they still cant keep their data safe. Banks lose funds all the time, but your tax dollars supplement them (never mind about the fact that 90% of that money is birthed out of thin air in a reserve banking system).
Leaving funds on an exchange risks you losing your funds. Some exchanges are rich enough and insured well enough to cover losses, like Binance recently showed. However most exchanges are not, the smaller they are the worse this condition. The Cryptopia hack is ending up with them liquidating and people losing a lot of funds forever. Mt. Gox is of course the most famous for this.
If you want to use an exchange, the best things to do are:
- Use biggest and best exchanges: Coinbase, Gemini, Binance. See our top 10 here.
- Deposit funds, make exchange, withdraw funds.
- Use 2FA!!!! and don’t deposit any funds until 2FA is set up
Do Not Fail to Follow the Projects You Have Invested in
I can’t stress this enough and I thought about putting it first. The single most stupid thing people do in crypto is to not check on their projects. “HODLing” does NOT mean “ignoring”. Lots of things happen in crypto which moves at the speed of sound compared to stocks, which are hindered by insane regulations designed to keep rich people rich and the rest of the people out of the industry without rich person gatekeepers. Crypto is different.
So when you buy into a project, AT MINIMUM, check in every month on telegram or discord and ask “Is there anything we have to do to get prepared for?”
An anecdote: One project I am in, The Divi Project (like Dash , but far more inclusive, with a far better economy, and one of the best communities in crypto), started as an ERC-20 token. This token was never going to be the actual currency from day 1. It was always intended to be swapped for the real coin when the main net was ready, like a bazzillion other coins. Anyone who read the whitepaper or spent 5 minutes in the Telegram would know this.
When they performed the swap last year, they kept it open for 4 months. Due to SEC uncertainty and the legal framework mostly in the US, it had to be closed. Facebook posts, Telegram announcements, Twitter Announcements, Emails, were all used to get the word out for the last 2 months about when the swap would close. Still, after the close date there were stragglers, who the project members nicely accommodated. But even today, now that the bull market has started again, people are still coming in and claiming they didn’t know about the swap, and then proceed to get mad, when it was they that failed to check or outright ignored the announcements that were directed at them.
Do Not Invest More Than You Can Afford Lose
This is true for stocks, for real estate, or any investment. You don’t want to be in a condition where your investment tanks and you are homeless.
Do Not Fail to Secure Your Computer
The #1 way people lose funds, for crypto, for bank accounts, for PayPal, or whatever, is through their own computer and their own actions or non-actions. The less familiar you are with an industry, the more likely you are to get phished and attacked. It may not even be your fault that you are getting phished.
So secure your computer.
- Use an anti-virus.
- Use a VPN.
- Don’t put all your passwords in a single file called “Passwords to everything”.
- If you can handle it, use a Mac or Linux computer.
- Don’t talk to scammers on telegram. Remember the movie Boiler Room where scammers from stock market investing houses got people to invest in pure scammy penny stocks? Or when banks made junk loans to people who bought houses they couldnt afford. Well, those same scam artist type people are in crypto too. Stay away from them, some of them are pretty tricky.
- Don’t download stuff from unverified websites (look out! phishers are good at making clone websites), and when you do CHECK the file and the link it came from
The post What are the Top Five Things You Must Not Do When Investing in Cryptocurrency? appeared first on Crypto Adventure.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.
MNEE on 1SAT is excited to announce the launch of its WhatsOnChain MNEE plugin, designed to make viewing MNEE blockchain transactions more accessible and easier to navigate. WhatsOnChain is a leading blockchain explorer providing a clear, accessible view of blockchain transactions. With MNEE now live on 1Sat Ordinals, the plugin is an essential tool for users who need a simple way to view and confirm MNEE transactions. Raw blockchain data can be complex and difficult to interpret, especially for those who are not tech-savvy—making this new plugin a valuable resource. The WhatsOnChain plugin translates technical blockchain data into an easy-to-read format, making it simple for businesses and users to view MNEE transactions on 1Sat Ordinals. Users can track payment histories, monitor wallet balances, audit blockchain activity for transparency and compliance, and resolve customer support issues quickly. With just a transaction hash, users can now instantly verify MNEE transactions and access detailed insights. “Partnering with WhatsOnChain allows us to provide a seamless way for anyone to explore and verify MNEE transactions on the blockchain,” said Harbind Likhari, Executive Director at MNEE. “This partnership is pivotal in making stablecoin infrastructure more transparent, accessible, and user-friendly. We’re thrilled to offer enhanced visibility for MNEE on 1Sat Ordinals.” The WhatsOnChain team added, “WhatsOnChain is committed to bringing transparency and accessibility to MNEE 1Sat Ordinals. This integration enables users to view MNEE (1Sat Ordinals) transactions in a simple, easy-to-understand format. We’re proud to support the infrastructure that powers the next generation of digital assets.” The WhatsOnChain plugin is at the heart of MNEE’s mission to provide open, secure financial infrastructure. It ensures that blockchain activity is transparent, verifiable, and easy to understand, helping to drive the adoption of MNEE’s cutting-edge financial technology. To use the new MNEE plugin, users can simply paste their transaction hash into WhatsOnChain , click on the MNEE icon, and instantly view transaction details in a clear, user-friendly format. Media Contact press@mnee.io About MNEE MNEE is a pioneering fintech company focused on revolutionizing global payments. As the issuer of the MNEE stablecoin, MNEE combines the power of the 1Sat Ordinals protocol and Ethereum blockchains to deliver an instant, low-cost, and scalable digital payment solution. Each MNEE token is fully collateralized by US Treasury bills and USD cash, ensuring regulatory compliance and security. MNEE’s commitment to building the future of money focuses on delivering secure, efficient, and affordable payment solutions across a wide range of industries and platforms.
Momentum is building fast in the XRP ecosystem as XRPTurbo —a rising DeFi and AI-powered launchpad built on the XRP Ledger—breaks through the 250,000 XRP milestone in its presale. With under four days remaining , investor interest is reaching new heights as anticipation grows around XRPTurbo’s game-changing platform demo. Earlier this week, the XRPTurbo team previewed a redesigned landing page, giving the community a sneak peek of what’s to come. A full demo of the platform is expected to drop any day now. This highly awaited reveal, expected later this week, showcases XRPTurbo’s robust suite of tools and innovations poised to revolutionize decentralized finance on the XRP Ledger. Join Xrpturbo Presale XRP Whales Are Taking Notice In a strong show of confidence, a major XRP whale recently contributed 20,000 XRP in a single transaction—further validating XRPTurbo as a credible project with serious momentum. As support from prominent figures within the XRP ecosystem pours in, XRPTurbo is becoming the launchpad of choice for Ripple's growing Web3 community. Built for the XRP Ecosystem—A Launchpad Without Barriers XRPTurbo is setting itself apart from other platforms by offering a simple yet powerful launchpad tailored specifically for developers and creators on XRPL. Unlike other existing solutions, XRPTurbo eliminates technical hurdles, allowing users to create tokens, mint NFTs, and launch decentralized apps with just a few clicks. A highlight of the platform is the GUI Token Minter —a no-code solution that enables effortless token creation. Historically, minting on XRPL required command-line expertise, but XRPTurbo’s tool opens the doors to everyday users and creators, unlocking true mass adoption. Liquid Staking With Flexibility and High APY Another headline feature is the soon-to-be-launched Liquid Staking Portal , which will allow users to stake their $XRT tokens while maintaining complete custody of their assets. Offering yields of up to 25% APY , this staking system blends DeFi flexibility with competitive returns—without locking up tokens. Buy XRT Tokens Why $XRT Matters: Real Utility and Early Access Owning $XRT offers far more than token speculation—it unlocks core advantages that position holders for long-term value, including: Early Access to Launches : $XRT holders gain first access to new AI and RWA projects launching through XRPTurbo. Staking Rewards : Benefit from high-yield passive income with no lockup required. Revenue Sharing : Earn a share of platform revenues, rewarding loyal supporters. With only 100 million tokens ever in circulation, the supply scarcity paired with deep utility positions $XRT for strong growth potential. Just Days Remain—Presale Ends Soon The clock is ticking. With over 250,000 XRP raised out of the 300,000 XRP Hardcap and exchange listings confirmed at a 25% premium over the final presale price, early supporters stand to gain significantly once trading goes live. XRPTurbo is already in active talks with top exchanges, ensuring high liquidity and wide market access from day one. Combined with a dedicated team, a growing community, and a roadmap full of firsts, XRPTurbo is shaping up to be a cornerstone of XRP’s DeFi revival. Join the XRPTurbo Presale Now: xrpturbo.com/presale Stay Connected with XRPTurbo: Telegram : t.me/xrpturbocom Twitter (X) : x.com/xrpturbocom Website : xrpturbo.com Whitepaper : docs.xrpturbo.com
Decentralized Exchanges (DEX) have become a game-changer for crypto enthusiasts in the fast-paced financial world we’re in today. These platforms provide enhanced security, transparency, and full control over digital assets. Agrifi is at the forefront of this innovation, introducing an advanced DEX where users can seamlessly trade AGF tokens with popular cryptocurrencies like USDT, ETH, and MATIC, as well as participate in liquidity provision to earn valuable LP tokens. Seamless Crypto Trading Agrifi’s Decentralized Exchange allows users to effortlessly swap AGF tokens for major cryptocurrencies like USDT, ETH, and MATIC. Unlike traditional exchanges, our DEX offers a secure, transparent, and censorship-resistant trading environment. Transactions occur directly between users, eliminating the need for intermediaries and significantly reducing transaction costs. Even newcomers can navigate our intuitive and user-friendly interface with ease. With just a few clicks, you can trade tokens securely, optimizing the flexibility and efficiency of your crypto portfolio. Since this decentralized method ensures your funds remain under your control at all times, it greatly minimizes the risk of centralized hacks or losses. Earn Rewards Through Liquidity Provision Beyond simple trading, Agrifi gives users a unique opportunity to earn passive income by providing liquidity to the exchange. When users deposit token pairs (such as AGF-USDT, AGF-ETH, or AGF-MATIC) into our liquidity pools, they receive Liquidity Provider (LP) tokens in return. These tokens serve as proof of participation and entitle holders to a share of transaction fees generated within the pool. Providing liquidity not only offers a steady stream of rewards but also strengthens the exchange’s stability and functionality. This helps traders experience minimal slippage and smooth transactions, making liquidity provision a mutually beneficial endeavor that supports both individual users and the broader Agrifi ecosystem. Why Choose Agrifi's DEX? Agrifi isn’t just another decentralized exchange—it’s a complete financial ecosystem built on sustainability and long-term value creation. Our DEX operates on robust blockchain technology, ensuring top-tier security and transparency. Thanks to decentralized governance, our platform continuously evolves to meet community needs, fostering fair, user-driven decision-making. Blockchain integration guarantees that every transaction is immutable, transparent, and secure. You can trade with confidence, knowing that your investments are safeguarded, verifiable, and entirely under your control. Join Our Growing Community Stay connected and informed by following Agrifi on our official platforms: Telegram : https://t.me/agrifi Twitter : https://twitter.com/agrifi_tech Facebook : https://facebook.com/agrifitech Instagram : https://instagram.com/agrifi.tech Community Telegram : https://t.me/agrifi_official Start Your Decentralized Trading Journey Today! With Agrifi’s DEX, experience the future of decentralized finance today. Trade securely, earn rewards through liquidity provision, and join a thriving community committed to innovation, transparency, and sustainability. Don’t miss out on this opportunity to grow your crypto portfolio with Agrifi’s cutting-edge DEX platform. Explore now and be part of the decentralized revolution!
The CDG project has officially launched, introducing an innovative solution that enables everyone to earn passive income directly from their homes. With just a compact device, a power outlet, and an internet connection, CDG simplifies earning predictable, reliable, and hassle-free daily income. Earn Daily Rewards Effortlessly CDG offers two user-friendly models: CDG Home and CDG Power Home , which provide GPU computing power to a decentralized computing network. In return, device owners receive daily rewards in the form of CDG credits. CDG credits operate similarly to loyalty points and can be conveniently exchanged for fiat currency through the easy-to-use CodegoPay app , available on both iOS and Android. Each credit maintains a guaranteed minimum value, ensuring consistent and predictable earnings. Why CDG is Different The concept of sharing computing resources isn't new, but CDG's implementation is uniquely accessible and efficient. CDG devices are incredibly energy-efficient: the CDG Home model consumes just 10 watts , and the powerful CDG Power Home uses only 30 watts . Designed for home use, these devices are compact, quiet, and discreet, seamlessly blending into any living space. Device owners begin generating income immediately upon activation. The CDG Home device generates a minimum of $5 per day , while the CDG Power Home offers at least $20 per day . Setup is straightforward, requiring no technical expertise. Simply plug the device in, connect through the CodegoPay app, and instantly start earning. Quick Start Guide Getting started with CDG is easy: Download the CodegoPay app (Android or iOS ), and open your account to receive your personal IBAN instantly. Order your preferred CDG device via the app or through an authorized reseller. Activate your device using CDG credits with a few simple taps. Your daily earnings will be tracked in real time within the app. Pricing and Activation CDG offers two versatile device models: CDG Home : Priced at $2,500 , requiring 10,000 CDG credits for activation. It consumes only 10 watts and delivers daily rewards of 50 CDG credits , valued at a minimum of $5 per day . CDG Power Home : Available for $10,000 , requiring 40,000 CDG credits for activation. It consumes just 30 watts , providing daily earnings of 200 CDG credits , equivalent to at least $20 per day . Earn Even More with Referrals CDG users can further increase their income through a rewarding referral program: Earn €150 cash for every friend who purchases a CDG Home , plus your friend receives a €50 discount . Receive €600 cash for every friend who purchases a CDG Power Home , with your friend enjoying a €200 discount . Referral bonuses are paid directly to your bank account via the CodegoPay app. Contributing to a Growing Global Network By owning a CDG device, users actively contribute to a decentralized GPU network, essential for industries like gaming, artificial intelligence, and mobile services. As the global demand for GPU computing power continues to grow, the potential value of CDG credits increases, providing additional long-term value. About CDG and Codego The CDG project was developed by Codego , a fintech leader providing secure, comprehensive digital banking solutions. Codego offers core banking, prepaid and debit card issuance, and European IBAN accounts, supporting more than 12 fiat currencies and over 500 cryptocurrencies . Thanks to Codego’s advanced financial infrastructure, users enjoy a seamless experience in managing their CDG devices through the CodegoPay app, which includes integrated IBAN accounts, secure real-time earnings tracking, and compliance with the PSD2 regulatory standards. Learn more about Codego and the CDG project: Codego (Website) | CDG (Website) | X (Twitter) | Instagram | LinkedIn | TikTok Discover how CDG transforms passive income generation—simple, efficient, and rewarding from day one.
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