MultiversX Tracker is Live!

[UK] Tips for first time investors

Binance

Cryptocoins Exchanges / Binance 286 Views

Hello everyone, I would like to collect information to guide and help first time investors with crypto.

There are a lot of resources out there but it can be confusing and overwhelming sometimes. So, my idea is to touch a few point with some questions here and ask to the most experts to dress this questions. (you don't need to answer all of the below questions)

  1. What do you recommend before invest any money?
  2. Based on what do you buy a specific cryptocurrency instead of another one?
  3. What's the minimum budget recommend to start?
  4. What's the best crypto wallet that you recommend?
  5. Do you recommend trade, stake, mine or hold your crypto and why?
  6. Do you keep all your crypto always on Binance?
  7. What's the best platform you recommend to keep track of your transition (for taxes) and why?
  8. Is there a minimum yearly income that you recommend before reporting taxes? (example, if you get less than Β£4000 yearly)
  9. Do you need to be registered somewhere to declare your income from crypto?

I'm not sure if I missed something but feel free to add more if you want.

Thank you!

submitted by /u/coswise
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments