how to play crypto for beginners

How to play crypto for beginners, of course, various things must be prepared. This is so that you don't make a wrong move and are able to generate large profits.

As we all know, the trend of investing in crypto asset trading has started to increase this year. Even the cryptocurrency pioneers managed to record highs of up to IDR 483.54 million.

This increase proves that crypto investing provides a lot of confidence for investors. Even throughout this year, there have been many novice investors who want to invest in crypto.

In Indonesia, this kind of investment is legal and reliable and can be bought and sold through various media exchanges that have an official list.

So that buying and selling crypto must go through a policy issued directly from the Commodity Futures Trading Supervisory Agency (CoFTRA).

For that, using the crypto way of playing helps you understand and make the right move in investing.

Understanding and How to Play Crypto for Beginners

Lately, crypto investment is indeed increasingly advanced and growing. In fact, many investors are targeting this investment because the profits are quite large.

However, not everyone can do this right away. There are many ways that you must prepare before making an investment.

Even for you beginners, of course you need the right steps in crypto investment. But before going any further, you should first know what crypto investment really is?

Understanding Crypto Investment

How to play crypto you really need to do as a novice investor. But there is nothing wrong if you also need to know what the crypto asset itself is.

Crypto is a digital asset that functions to carry out virtual transactions using the internet only. This digital currency is quite safe because it comes with several secret passwords.

This crypto asset is different from conventional money. Cryptocurrencies are decentralized. So that no party will act as an intermediary in a transaction.

Transactions are carried out directly by the two parties concerned, namely the sender and the recipient. However, crypto assets still get monitoring in the crypto asset system itself.

After knowing a little explanation about crypto assets, find out how to play crypto for beginners. So that you don't go wrong, use the following simple method.

Learn Selected Crypto Assets

How to play crypto, what you need to do first is to understand the types of crypto currencies that are already circulating in the market. After understanding each type, try to check if it is available on the exchange you choose.

For you novice investors to get to know more secure crypto assets. By going through this fundamental analysis process, you can find out whether a cryto asset is overvalued or undervalued.

During this process, we are able to analyze various evaluation activities of economic, financial, and other factors. So it affects the value of the asset.

Choose the Right Exchange

As a novice investor, how to play crypto does not seem easy. However, you don't need to panic. The next no less important way is to choose an exchange for trading crypto.

By doing this, you can make transactions safely. Currently there is a list of companies that are legal and registered with CoFTRA.

Security Technology

The use of technology to conduct transactions is also quite important. You can ensure security through a website that provides information on exchange security tests around the world.

 addition to choosing the best and official exchange, make sure you also have ISO 27001. Because, it provides security information that has also been officially registered with the Ministry of Communication and Information.

Getting to Know Candlestick Charts

In addition, there are many things that investors still need to prepare. You also need to know technical analysis. With the right technical analysis, it will certainly generate investment profits from crypto trading.

Moreover, crypto assets do not have rules from an institution. It all depends on the seller and the buyer.

The indicators are able to identify patterns and see buy and sell signals in the surrounding area. Knowing how to play crypto is quite helpful for beginners who want to invest. (R10/HR-Online)