I know how difficult can be to catch up with everything g at the beginning, all of us were rookies at the beginning so I understand how confusing all of these may be, especially now when things don't seem so good with crypto prices. So, I hope that this could be helpful for some of you.
So, here’s a list of the essentials you need to know before investing in Ethereum:
- Buy Ether only from reputable exchanges (eToro, Crypto.com, Coinbase, Binance, etc.).
- Find a suitable L2 solution to lower gas fees (Metis, Loopring, etc.).
- Use 2 Factor Security and use strong passwords.
- Don’t leave your crypto assets on exchange platforms.
- Buy and use one of the best hardware wallets available.
- Invest only the amount you are comfortable losing.
- Be able to make the right decisions and cash out when it’s the right time.
- Timing - don’t buy at an all-time high, don’t sell at an all-time low. You should consider buying more when the market is still recovering from its low spot.
- Diversification is necessary for any investor to reduce risk, and invest in more than one cryptocurrency.
Keep in mind that as the years' progress, Ethereum’s technology will grow.
So, is Ethereum worth investing in the end? Yes, it is!
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