Management of cryptocurrencies

1. ** Wallet Types and Selection: **

- Understand hot (online) and cold wallets. Cold wallets are usually safer, but hot wallets are used to make transactions.
- Hardware wallets are one of the most robust options for security.

2. ** Safety Practices: **

- Keep your keys in a safe place and never share it with others.
- Set a strong password to your wallet and replace it at regular intervals.
- Enable authentication (2FA) with a two -factor.

3. ** Portfolio diversification: **

- Distribute your risk by investing in different crypto currencies.
- Take a look at small projects as well as small and promising projects.

4. ** Basic and Technical Analysis: **

- Evaluate the basic factors behind projects with basic analysis.
- Try to understand price movements and graphic patterns by technical analysis.

5. ** ICOs and Token Purchases: **

- Do a good research before the purchasing of Initial Coin Offferings and Token.
- Reach reliable information about the teams, vision and work of the projects.

6. ** Follow the news and developments: **

- Check crypto news sites and official communication channels of projects regularly.
- Exchange ideas by interacting with other investors in community forums.

7. ** Financial Planning and Risk Management: **

- Set a budget for your investment and stay loyal to this budget.
- Create risk management strategies, use damage stop orders.

8. ** Tax and legal issues: **

- Understand the tax liabilities arising from crypto money transactions and get consultancy on this issue.
- Adapt to local regulations.

9. ** Social Interaction and Community: **

- Share your experiences by joining crypto communities and learn from the experiences of others.

The management of crypto currencies requires discipline, knowledge and continuous learning. The risk profile of each investor is different, so shape your strategies in accordance with your own needs.