Important tips I wish I knew when I got into crypto

So I have been in this space for a while now, in crypto terms I would be considered a boomer. Not quite a grandpa yet, but a boomer at least. I have made many mistakes, I have dodged quite a few bullets, but all in all, I have learned a tremendous amount and I think that some of these tips might save you some money along the way. Obviously if you are a crypto veteran these will not be news to you!

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'1. You have Bitcoin or Ethereum and want to move between exchanges. DO NOT transfer using Bitcoin or Ethereum as the transfer fees will be quite substantial. Switch over to Litecoin, XRM, XRP, many good alternatives that have little to near-zero fees for transferring.

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'2. If it sounds too good to be true, it definitely is. This might sound like very much common sense, but the scams in the crypto space are getting more and more convincing. Some nasty examples:

• Youtube streams of a Charles Hoskinson or Elon Musk livestream, the stream looks legit on a youtube channel with 700k subscribers, thousands of concurrent viewers, the topics are legit. The only difference is that there will be a link somewhere on screen claiming a bitcoin giveaway or some sort of refund, signup program, whatever. It's all a scam. The youtube account has botted viewers and subscribers to seem legit.
• Reddit posts that claim a new NFT launch by a big brand (Adidas, Ferrari) with hundreds of upvotes and fake comments. These are very popular recently, I saw two of them in the last two days. Luckily our mods get these fast, but there will be some time that these posts are up regardless. Do not link your wallet, do not mint anything, it's a scam!
• The basics, scam DM's, phishing links/emails, anything relating to crypto please take triple caution and use your common sense!

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'3. Luckily, to avoid this you can use bookmarks to make sure you don't go to phishing site by accident. If you google search Binance or Coinbase, often the ads that pop up first are fake similar sites like Binaince or Coinbaise, the second you send any crypto here or try to log in it is already too late.

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'4. In addition to this, use whitelisting addresses on exchanges and in metamask to strengthen your security. This ensures that you always know what addresses you are sending to, and can prevent clipboard malware from stealing your crypto (this malware makes it so that when you copy a crypto address, it pastes their own address and not the one you copied so you send them crypto instead)

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'5. When selling or buying crypto on an exhange, use limit orders instead of market orders, especially for larger quantities. Limit orders guarantee the sell or buy price where market orders just fill up whatever limit orders other people have outstanding. If there are not many (for altcoins this can be the case), selling a large amount of coin X at $130 each, might make it so your average sell is closer to $127 because there are not enough people selling at $130 to fill your order. Set a limit order at $130, it might not sell instantly but at least you know what you are getting. This gets worse the smaller marketcap the token and the bigger the sale.

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'6. Free crypto is 99% of the time a scam, but there are programs like Coinbase Earn, crypto faucets, and other trading rewards on exchanges that could earn you a little bit of crypto. Especially useful if you ever get coins stuck on BSC, Matic, Arbitrum, or whatever chain you use, there probably is a faucet that gives you just enough crypto to make that one transaction you needed!

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'7. Be careful who you tell about your crypto investments. Especially family, do not push them to invest large amounts, as crypto is very volatile and they can easily lose out if you time it wrong. Secondly, if crypto goes well, it could lead to unwanted messages and attention from people who know that you own crypto. Begging, asking for advice, or scamming.

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'8. If you get emotional from the charts, you are probably overinvested. This is much more volatile than the average investment, and you COULD lose it all. If the bad days really affect you too much, take a step back and consider pulling out at least a considerable amount to protect your sanity.

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'9. Stay the fuck away from leverage. Seriously. It is addicting, gambling, and irresponsible. The higher leverages up to 125x will make you bankrupt faster than you can say blockchain. Sure, you could win big, but that's exactly what every gambler says before they go all in on red. Just don't do it, crypto is volatile enough as it is without insane leverage.