Bitcoin Do’s and Don’t

Do’s

Always begin with a small amount

Note down every piece of information-especially your private key.

Keep track of the exchange rate

Do carry out an identification check on every buyer/seller your trade with.

Do keep your OS updated & run a virus scan to ensure wallet security.

Keep withdrawing bitcoins frequently to become familiar with how transactions take place.

Don’t

Don’t lose or forget your private keys.

Don’t trust an unreliable device or program to generate your wallet keys.

Don’t expect to get rich overnight when investing in Bitcoin.

Don’t trade with anyone having a low feedback score.

Cost of miners will share between all the members that are in the same mining pool.

Don’t leave money at an exchange.

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Posted on Nov 29, 2022

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