Earnity is the world’s first community-based crypto platform and marketplace, with fintech veteran Dan Schatt leading the team of professionals. Based in San Mateo, California, Earnity offers access to the world of crypto and decentralized finance (DeFi) via its super simple and very intuitive platform.
A whole new financial world
Cryptocurrencies are digital or virtual tokens that use cryptography to secure transactions and control the creation of new units. The cryptocurrency industry is booming, with new coins and tokens being created every day. However, the industry is also highly volatile and risky. Therefore, you should be cautious when buying cryptocurrencies.
If you are interested in joining the cryptocurrency community, Earnity’s Dan Schatt shares the following tips:
1. Do your research.
Before you put any money into cryptocurrencies, it is important to do your homework and understand what you are getting into. Unfortunately, there is a lot of misinformation out there, so it is important to rely only on reliable sources of information.
2. Be aware of the risks.
Cryptocurrencies are high-risk purchases, so it is vital to be aware of the potential risks before putting any money into them. Make sure you understand the risks involved and only spend what you are comfortable losing.
3. Start small.
If you are new or just returning to the world of cryptocurrencies after a hiatus, it is a good idea to start small and put in only a small amount of money. Then, if things go wrong, you won’t lose too much.
4. Have a plan.
Buying cryptocurrencies should be part of a bigger plan. Decide how much you want to put in and how long you are willing to hold onto your assets before buying any coins.
5. Spread your purchases.
Finally, Dan Schatt says to never put all your eggs or assets in one basket when buying cryptocurrencies. Instead, spread your purchases across different coins and exchanges to minimize risk.