Newcomers to the cryptocurrency world should pay attention to the following points to avoid potential risks:

First, contract trading is risky, so newcomers should focus on spot trading and gradually accumulate experience. Second, when investing, choose mainstream currencies, such as Bitcoin ($BTC ) and Ethereum ($ETH ), rather than small-cap currencies, because the latter are more prone to large fluctuations and the risk of cutting leeks.

When choosing an exchange, be sure to use a well-known platform to avoid the security risks brought by small exchanges. At the same time, set reasonable profit expectations, realize that the recent market dividends have decreased, and not losing money is also a sign of success.

In terms of fund storage, large amounts of funds should not be placed in unknown wallets to avoid security issues. In addition, newcomers should avoid short-term trading and hold it patiently for safety. Setting stop loss and take profit points is an effective way to protect the principal.

Finally, fund management is crucial. It is recommended to use idle money for investment and continue to learn market knowledge. Through these strategies, newcomers can invest more safely in the cryptocurrency world and increase their chances of making a profit.