Our weekly crypto derivatives analytics report dives into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

Spot prices have jumped significantly in the two weeks following the November 5, 2024 U.S. elections, propelling Bitcoin to new all-time highs, while Ethereum hasn’t kept pace. The implied volatility term structure has inverted again in tandem with these spot price movements, although longer-dated tenors remain relatively stable. Derivatives market indicators reflect strong positive sentiment: perpetual funding rates are consistently positive, open interest in futures contracts is rapidly increasing and options skew remains firmly positive.

Open interest in futures has surged, indicating heightened market participation and a growing interest in leveraged exposure due to recent price movements. Similarly, open interest in perpetual contracts has sharply increased, fueled by rising trader confidence and a growing demand for leveraged positions in light of recent market rallies. Meanwhile, the implied volatility term structure continues to invert in alignment with spot price increases, demonstrating a sustained correlation between spot prices and volatility.

Please check out the report’s highlights.

Futures Open Interest Reaches ATH Along With Price

Perpetual swap open interest has been increasing alongside futures, with a consistent rise in open positions over the past week reaching all-time high activity levels. This trend suggests that traders are actively pursuing leveraged exposure in response to the ongoing spot rallies, aiming to capitalize on the rising spot prices. Notably, there’s been renewed interest in Ethereum (ETH), reflected in rising trading volumes. 

Perpetual swap funding rates have reached exceptionally positive levels, indicating that long positions are confident enough to pay these rates to sustain their leveraged exposure. This trend has consistently been observed across all tokens, with a noticeable rise in funding rates since Nov 10, 2024. The persistently high funding rates highlight the strength of the bullish sentiment, which is also evident in the increasing open interest in futures contracts. This aligns with the recent spot price action, demonstrating significant upward momentum.

Option Volatility Term Structure Inverts 

The implied volatility term structure for Bitcoin has inverted amid the recent spot rallies over the past few weeks, indicating heightened market uncertainty and expectations of imminent price movements. However, levels haven’t exceeded the highs seen before the elections, and longer-dated tenors remain firmly range-bound. Concurrently, open interest in Bitcoin options has risen significantly, with a notable increase in put trading volumes. Open interest in puts has slightly surpassed calls, despite the persistently bullish market outlook indicated by the volatility smile skew.

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 20, 2024): Market Becomes Extremely Positive About Bitcoin as Volatility Curve Turns Invert

Learn how to join Bybit's VIP Program, where you can realize exclusive benefits — from up to 50% off trading fees and tailored interest rates to instant OTC trades up to $10M.

With the Bybit VIP Program, you can realize exclusive benefits — from up to 50% off trading fees and tailored interest rates to instant OTC trades, Bybit Card cashback and more. Joining the ranks of the very best traders on the platform will boost your profitability, raise your limits and offer access to VIP-only perks.

 and guides you through the steps to become a VIP trader and unlock exclusive benefits. Let's get started!

 is an exclusive club for the most esteemed traders in the crypto market. It’s designed to provide members an enhanced Bybit experience with numerous VIP-only benefits and perks. The program aims to reward avid traders who have high volumes, account equity levels and borrowing activities.

The Bybit VIP Program offers a multitude of benefits for members. These range from discounted trading fees and high limits for withdrawals and application programming interface (API) trades to priority Bybit customer support access, relationship managers and exclusive VIP events and meetups. You can find the full list of VIP exclusive benefits 

Requirements to Become a Bybit VIP Trader

You’ll need to fulfill a specific level for one of the criteria below to become a VIP trader on Bybit:

Bybit's VIP Program features six distinct tiers: 

. Each successively higher tier offers greater rewards, and also comes with more stringent qualification requirements. For instance, as a 

 trader, you’ll enjoy reduced trading fees, such as 0.03% for makers and 0.045% for takers in the spot market. To qualify for this exclusive tier, you must meet at least one of the following criteria:

Once you become a VIP trader, you must continuously meet the above criteria to maintain your Bybit VIP status and keep enjoying the benefits. 

However, this doesn't mean your account will immediately lose its VIP status and revert to standard after a single day in which you don’t meet the requirements. Bybit offers a 14-day grace during which you can continue enjoying VIP perks and benefits, even if you no longer meet the program's conditions. If the criteria are not met by the end of this period, your VIP status will automatically be revoked. However, if that occurs, you can regain your status by fulfilling the requirements for any VIP tier either during or after the grace period. When this happens, Bybit will grant you a new 14-day grace period.

How to Sign up to Become a Bybit VIP Trader

In the following section, you'll find a step-by-step guide that shows you how to join the Bybit VIP Program.

The first step to becoming a VIP trader is to open a Bybit account (if you haven't already done so). Simply 

 and fill out the form with your details. After registering, you’ll need to verify your account to enjoy the platform's full functionality.

Next, fund your Bybit account with crypto or fiat currency.

You can deposit cryptocurrencies by using the 

 menu. On the page, choose your desired coin and the blockchain where you'll be depositing the assets. To avoid any loss of funds, please always ensure that you're transferring crypto from the correct chain.

Next, copy-and-paste the wallet address displayed on the page, or scan the QR code with your smartphone's camera, and initiate the deposit from your wallet. After a few confirmations, your cryptocurrencies will be credited to your Bybit account.

To fund your Bybit account with fiat currency, click on the 

 button and select one of the available services (e.g., 

 service, choose a fiat currency, the deposit amount and one of the available payment methods. After clicking on 

, follow the instructions displayed on the next pages to initiate the transaction. Your funds will be credited to your Bybit account, with processing times varying according to your chosen service and payment method.

After you have a verified Bybit account funded with either crypto or fiat, perform eligible activity on the platform until you qualify for VIP status (see table below).

You can achieve VIP status by fulfilling a minimum level of VIP 1 in either of the following categories (

After becoming a VIP trader on Bybit, don't forget to maintain your VIP status to continue enjoying the exclusive perks and benefits.

If you have active VIP status at another crypto exchange, or your total MT5 trading volume meets Bybit's VIP criteria, you can apply for a VIP+2 upgrade. This upgrade will grant you VIP status on the platform — and instantly elevate it by two levels. (Please 

 that Bybit only considers 10% of any MT5 forex trading volume.)

 and submit your 30-day trading volume on your current exchange. Bybit’s VIP team will review your application, and a Relationship Manager will contact you if you're eligible for the VIP upgrade.

How to Get Started With a 20-Day Bybit VIP Trial

Another way to qualify for VIP status on Bybit is through a 20-day trial. Instead of fulfilling the requirements of the VIP 1 level, simply fund your account with $50,000 to enjoy the exclusive benefits of the program for 20 days with a VIP Trial Card (issued one day after your deposit). The VIP trial offer is available to users who haven't used a trial within the past two months.

To unlock the 20-day VIP trial, head to the 

 menu on Bybit and use one of the available payment methods to fund your account with $50,000 in assets.

With VIP Level-Up Tasks, you can earn generous bonuses as high as 6,000 USDT. You can claim rewards for Level-Up Tasks for five VIP levels (VIP 1, VIP 2, VIP 3, VIP 4 and VIP 5), with higher tiers offering greater bonuses upon completion.

If you're eligible, you’ll see a pop-up window with VIP Level-Up Tasks after you log into your account. To claim your rewards, complete the specified trading volume requirement within 14 days of receiving the task, and click on the 

 page. You can learn more about Bybit VIP Level-Up Tasks

Exclusive Trading Benefits Offered to Bybit VIPs

As a member of the Bybit VIP Program, you can unlock exclusive benefits to supercharge your trading experience. Among these are discounted trading fees (which can significantly boost your trading revenue), profitability and chances of winning trades.

In addition to discounted trading fees, you’ll also enjoy substantially higher API trading and withdrawal limits. While the former is restricted to 10 trades per second for non-VIP users, you can take advantage of up to 120 API trades per second as a VIP trader. Simultaneously, your daily withdrawal limit is increased from the basic 1 million USDT to as high as 12 million USDT.

 is an exclusive club that provides an enhanced service experience for the most esteemed traders. As a member, you can access a multitude of exclusive benefits and perks, such as the following:

Are you ready to supercharge your trading experience? 

Intermediate

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How to Become a Bybit VIP: Your Guide to Exclusive Benefits

LETSTOP is a drive-to-earn mobile app that monitors phone distractions while driving. Learn more about how it works in this article.

Smartphone distractions have created an unprecedented road safety crisis worldwide. 

: texting behind the wheel makes drivers six times more likely to crash than drunk driving does — yet millions of drivers still use their phones while operating vehicles.

This article explores how LETSTOP is transforming safe driving into rewarding experiences through blockchain technology. We'll examine its drive-to-earn model, reward system, tokenomics and potential as both a road safety solution and an investment opportunity.

 is a drive-to-earn mobile app that monitors phone distractions while driving. Users earn STOP tokens for phone-free driving through a gamified system that transforms daily drives into rewarding experiences.

A life-changing car accident caused by a distracted driver running a red light inspired LETSTOP co-founder Almog Nissan to reimagine road safety. Together with co-founder and CEO Dor Levy, they envisioned rewarding safe driving, rather than just punishing dangerous behavior.

The founders built a platform that combines automotive technology, cryptocurrency and AI to revolutionize road safety through rewards. This innovative approach has quickly gained traction, with over 50,000 users logging over 3 million kilometers of safe driving since the app’s launch.

Distracted driving claims thousands of lives annually, with 

, of which 9% are directly linked to phone use. LETSTOP aims to tackle this crisis as follows:

Each of these objectives works harmoniously to support LETSTOP's ultimate mission of transforming road safety into a rewarding experience that benefits both individual drivers and society.

The LETSTOP app operates through a sophisticated system that monitors and rewards safe driving through the following apps and features:

The result is a dynamic system in which better driving habits unlock greater earning potential.

The following five core features power LETSTOP's drive-to-earn ecosystem.

LETSTOP uses a dynamic 40-level system to make safe driving rewarding. As drivers earn XP through distraction-free journeys, they advance from Level 1's 2% bonus toward Level 40's 70% boost. Through this gamified approach, daily commutes become opportunities to climb the ranks while building safer driving habits.

LETSTOP Credits are the core currency of the platform, earned directly through safe driving achievements. Earning rates directly scale with user level, vehicle type and subscription tier as follows: PRO subscribers enjoy unlimited earning potential, while PLUS and LITE tiers are capped at 300 and 150 monthly credits, respectively.

In the STOP Store, users invest their earned credits into virtual cars with unique earning multipliers. From the basic model's 2% bonus to the Jazzster GN's 150% boost, each vehicle offers different strategic advantages for maximizing rewards.

Beyond vehicles, the store features mystery boxes containing rewards from 10 to 450 credits, as well as car upgrades and subscription boosts. Users can also access a voucher marketplace to redeem credits for real-world rewards through LETSTOP's partnership network.

LETSTOP's triple-boost system combines vehicle multipliers for immediate earnings acceleration, a level-progression system for sustained growth and a 5% referral program for community expansion. Premium membership unlocks enhanced benefits across three tiers, while special events create time-limited opportunities for increased rewards.

The platform's comprehensive rewards system operates across three membership tiers, each one tailored to different user needs. LETSTOP PRO (at $9.90 monthly) offers unlimited credit earning potential and exclusive benefits. The PLUS tier provides a balanced option at $4.90 monthly with a 300-credit earning cap, while the free LITE tier allows users to earn up to 150 monthly credits.

Beyond direct earnings, the rewards system incorporates partner vouchers, cryptocurrency conversion options and community features, such as leaderboards. Achievement rewards recognize milestones in users' safe driving journeys, while the upcoming cryptocurrency integration will allow users to convert their efforts into tradeable STOP tokens.

LETSTOP has shown consistent progress, with the following key milestones already achieved:

Looking ahead to 2025, LETSTOP plans to implement the following key developments:

These developments aim to strengthen LETSTOP's position as a leader in drive-to-earn while furthering its mission to enable safer roads worldwide.

STOP is an SPL token built on the Solana network. It’s designed to bridge safe driving behavior with cryptocurrency rewards. The STOP token implements an annual halving mechanism to ensure long-term value preservation, similar to Bitcoin's model, but accelerated to align with the project's growth trajectory.

STOP has a max supply of 100 million tokens, to be distributed in the following manner:

The growing adoption of LETSTOP's drive-to-earn app and its impact on road safety directly influence STOP's price trajectory. While cryptocurrency forecasts remain speculative by nature, multiple price analysis platforms project the following for STOP:

These forecasts suggest a positive long-term outlook for STOP, driven by the growing drive-to-earn sector and LETSTOP's innovative approach to road safety. However, STOP's future value will ultimately depend upon user adoption, platform development and broader market conditions.

Looking to trade LETSTOP tokens? Bybit now offers the STOP/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

STOP shows promising potential in the drive-to-earn sector, though investors should carefully weigh both its strengths and potential risks before making investment decisions.

While STOP's innovative approach to road safety and its strong initial traction distinguish it in the market, potential investors should 

 and invest no more than they can afford to lose.

As smartphone distractions continue to endanger lives on roads worldwide, LETSTOP offers an innovative path forward. Through its innovative drive-to-earn model and STOP token ecosystem, the platform transforms daily commutes into safer roads and user earnings opportunities, showing how digital innovation can effectively “drive” positive behavioral change.

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LETSTOP (STOP): Turning Daily Rides Into Profitable Journeys

FDUSD, a stablecoin from First Digital Labs, is now live on Sui as a native token, joining other stablecoins like USDC and AUSD.

The S&P 500 ended flat amid mixed earnings and geopolitical concerns, as investors awaited Thursday's data and Fed commentary. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.01%, with Bitcoin rising by 1.91% and Ether dropping by 0.59%, in the past 24 hours.

Today's top performer is LUMIA, which surged 16.1% following the announcement of its partnership with Cobox to bridge real-world assets and virtual ownership.

Lumia (LUMIA), founded in 2024, is a Layer 2 blockchain solution leveraging the Polygon CDK to enhance scalability, liquidity, and interoperability. It addresses challenges like data availability and cross-chain interactions by incorporating AvailDA for decentralized data and Polygon AggLayer for cross-chain functionality, enabling efficient and flexible dApp development. 

 to integrate real-world assets (RWAs) into its immersive, player-owned universe. This collaboration aims to enhance asset liquidity, trading, and gameplay experiences, bridging digital and physical realms for more tangible and vibrant virtual ownership.

Check Out the Latest Prices, Charts, and Data of 

, a stablecoin from First Digital Labs, is now live on Sui as a native token, joining other stablecoins like USDC and AUSD. This launch reflects growing institutional confidence in Sui, which has seen significant growth in TVL and DeFi volume. FDUSD, backed by reserves in Asian banks and US Treasury debt, offers DeFi users a reliable, US Dollar-pegged stablecoin, bridging traditional finance and cryptocurrency ecosystems.

Yesterday, the total flow into Bitcoin Spot ETFs is $146.9 million, with $0 million in GBTC and $146.9 million in non-GBTC products.

: the Spotlight Badge, which requires minting through the Spotlight Protocol and joining a Spotlight circle; the Impossible Finance Badge, which involves completing social tasks, claiming the TIDIA faucet, staking TIDIA on Impossible Finance, and then claiming the badge; and the SNGLR Badge, where users connect their wallet, follow artists, mint IP assets, tweet, and provide personal details to claim their badge. More badges are coming soon!

Beginner

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FDUSD Launches as Native Stablecoin on Sui, Strengthening DeFi Ecosystem

Trading

Investing

Fascinated by the potential of DeFi and ethereum but not sure where to begin? Let our crypto beginner investing tips be your trusty guide.

Crypto beginner investing tips are a dime a dozen these days. However, back when Bitcoin was introduced in 2009, it was just an interesting phenomenon in the world of finance. Despite futurists seeing its potential, the interest in cryptocurrency didn’t develop until many years later.

Crypto investments are rising in popularity, mainly due to the constant support decentralized finance (

) is getting from the world’s billionaires and tech minds. Today, investors can use exchanges like Bybit to buy and acquire crypto.

However, if you plan on investing in currencies, you should only dive in with the understanding that crypto is a high-risk/high-reward investment. Since cryptocurrencies are volatile, you can experience significant monetary losses if you start investing when uninformed.

In this guide, we discuss some beginner investing tips to keep you out of harm’s way.

How Beginners Can Invest in Cryptocurrency

As a beginner, you can invest in cryptocurrency by choosing a crypto exchange or broker, creating and verifying your account, depositing 

 for investment, placing your crypto order and selecting a storage method, such as a wallet.

But this is just a summary of what you need to do to invest. If you want to learn how to get into cryptocurrency and pick up crucial crypto beginner investing tips on where and how to begin, this section will be your guide.

Choose a Cryptocurrency Exchange or Broker

Before anything else, you need to select a broker or a cryptocurrency exchange. Each one lets you purchase cryptocurrency, but the two have specific differences.

A cryptocurrency exchange is a place for you to trade cryptocurrency with other buyers and sellers. The fees on these platforms are typically low. However, they have multiple trade types and interfaces that beginners might find hard to comprehend at first.

Some popular cryptocurrency exchanges include Bybit, Coinbase and Gemini.

When choosing a cryptocurrency exchange, make sure you select one that allows you to buy crypto with a fiat currency, such as U.S. dollars. Some exchanges only take crypto, which means you will need one cryptocurrency to buy another.

As a beginner, you may not have any cryptocurrency. If so, you’ll need an exchange that accepts a fiat currency in order to purchase your crypto.

A cryptocurrency broker makes the crypto trade much simpler and straightforward than an exchange. The interface is easy to use, although the fees may at times be higher.

Two popular cryptocurrency brokers are SoFi and Robinhood.

As we move along in this article, the importance of crypto wallets will become apparent. Some advanced crypto enthusiasts also prefer keeping their holdings in 

. That being said, it’s vital to keep in mind that not all brokers let you move your holdings from their platforms.

For instance, both SoFi and Robinhood don’t let you transfer your holdings to a wallet, or anywhere out of your account. If you want to keep your cryptocurrency in a secure wallet at any time in the future, consider this when choosing a broker.

After choosing an exchange or broker, the next step is to sign up on the platform. Platforms require you to verify your identity through different methods. This is essential for preventing fraudulent activities.

For verification, you may have to submit a scanned picture of your passport or driver’s license. The platform will then ask you to upload a selfie to match your face with your driver’s license or passport photo.

To buy crypto from either an exchange or broker, you must have a fiat currency in your account. You can deposit money into it through a wire transfer or your debit/credit card.

After you’ve deposited the funds, it will take a few days for you to use that money to buy crypto. The duration depends on the platform you’re using.

 While you can use your credit card to deposit funds on some cryptocurrency exchange platforms, we don’t advise it. Your credit card company will process this purchase as a cash advance. Typically, cash advances incur a

 and come with a cash advance fee. Thus, you may have to pay a certain percentage of the transaction as the cash advance fee.

Once the money you’ve deposited is available for use, you can choose from hundreds, if not thousands, of cryptocurrencies. Some popular ones include Ethereum and Bitcoin.

You can identify a cryptocurrency by its “ticker” symbol, which is sort of like a nickname. For instance, BTC is the ticker symbol for Bitcoin. Here are the tickers for some popular cryptocurrencies:

Depending on the cryptocurrency you choose, it may not be possible for you to buy a whole coin due to its exorbitant price. Fortunately, many exchanges let you buy fractional shares.

Instead of buying 1 BTC, which of late has stayed in the $50,000 to $60,000 range, you can buy one-hundredth or any

Your bank may be insured by the FDIC, but a crypto exchange is not. Crypto exchanges are at risk of hacking, and you can lose your money if you don’t keep your investments secure.

As we’ve already discussed, if you’re buying crypto from a broker, you’ll probably have no choice but to keep it in your account. But if you purchase crypto from an exchange, you can transfer your money to a hot or cold wallet.

A hot wallet runs on computers, tablets, phones and other devices connected to the Internet. Your money will be stored online in a hot wallet. While this storage method is convenient, it exposes your funds to the risk of hacking and theft due to its constant Internet connection.

A cold wallet isn’t connected to the Internet. You can “’carry” your cold or hardware wallet with you in the form of a hard drive or USB.

However, you need to be careful when using a cold wallet. If you lose the private key to the wallet, you may never be able to regain access to your cryptocurrency. Likewise, if the device malfunctions or breaks, you can lose your money.

Which Cryptocurrency Is Best for Beginners?

One of the best beginner investing tips we can give you is to invest in popular currencies, such as Ethereum and Bitcoin. These currencies are not only less volatile but also give a high return on investments.

, are volatile since their value is built on hype. The moment the hype dies, the value drops.

If you want to play it super safe, choose a currency from the

What Should You Do When Investing in Cryptocurrency?

When investing in cryptocurrencies, you have to be careful since one dip in the market can put you at a loss. Below are some beginner investing tips to keep in mind.

Any list containing crucial beginner investing tips will tell you to always do your own research before committing to an investment. The white paper of any crypto project is a guide or report that tells you all you need to know about that currency. It describes in detail the philosophy behind the crypto and how it works.

Reading the white paper will provide two benefits: One, you’ll be familiar with the intricacies of a particular cryptocurrency. Two, you can judge a project by the white paper. If it’s poorly written, you know the project isn’t worth the investment.

 talk about starting a new religion and a whole lot of other non-crypto things. While Baby Doge Coin appeals to some investors for its charitable contributions, no amount of hype will make it a good investment in the long run.

In crypto investing, a trading plan is one of the best beginner investing tips to keep in mind. It refers to the blueprint that dictates how you buy and sell cryptocurrency. Your cryptocurrency trading plan includes the following components:

With a trading plan, you stay focused and target only those trades that fit your parameters and guidelines. The most important part of

 is sticking to it. Only change your plan if you’ve found a better trading method.

A cryptocurrency trading plan aligns your strategy with market engagement. You work in a controlled environment and get measured results. This way, you can envision your potential outcomes.

More importantly, a trading plan lets you manage your risk to limit your portfolio losses. When you stick to a fixed 

Don’t let greed dictate your decisions. Beginners often invest in high-risk cryptocurrencies due to “FOMO” — the fear of missing out. However, they end up losing their money since they don’t know the right time to sell. If it were easy to make a lot of money, more people would be doing so.

Therefore, don’t let haste, emotion or any kind of irrelevant information cloud your decision to stick to your cryptocurrency trading plan.

Although you don’t want to lose money when you’re trading crypto, it is inevitable at some point. However, you can set a limit on the amount of loss you can handle.

 is a limit you set with a broker to sell your holdings when a specific price is reached. In doing so, you minimize the loss you incur. For instance, if you buy a token at $50, you can set a stop loss order to sell it if the price reaches $45. In this case, you’re ready to afford a loss of 10%. As a beginner, you must know when to cut losses with a stop-loss.

Meanwhile, the target price for a cryptocurrency is the analysts’ estimate of a token’s future price. Experts base these prices on a token’s historical performance and earnings forecasts.

When investing in cryptocurrencies, check their target prices to make the most of your investment.

It’s nearly impossible to enter or exit the market safely without experiencing any losses. When you step into the crypto investment world, you have to be prepared for its ups and downs.

, since that will eat up a lot of your time and leave you stressed. Instead, invest in the market and exit when it gets too volatile.

After all, you’re not only investing in cryptocurrency, are you? You have other things to do as well. To actually keep track of the market, you have to read long reports and financial statements, which can get tedious after a while.

Moreover, if you’re always watching the market, you’ll be on an emotional roller coaster all the time. As a result, you’re likely to sway from your trading plan.

One of the best beginner investing tips is to invest 

. Don’t let your emotions get the best of you. When you let distractions — such as sensational headlines and tweets from billionaires — drive your investment decisions, you end up losing money.

New crypto investors often invest in a particular cryptocurrency just because everyone else is doing so. Yes, the idea might be enticing, but how does it hold up in the long run? Is the currency just being hyped at the moment — or does it have future potential as well?

Don’t cave to pressure simply because everyone around you seems to be investing in a particular meme coin. Instead, do your research, stick to your trading plan and make sure you size up your buys.

When people are first getting into cryptocurrency, they often make the mistake of not being educated about scams — and how to avoid them.

The Federal Trade Commission recently announced that over 7,000 crypto investors lost a total of more than

 in scams between October 2020 and March 2021. Since interest in crypto investment and blockchain technology is increasing, more and more people are entering the market without doing any preliminary research.

Because of this, they become easy targets for scammers. Some of these scammers trick investors by pretending to be government agents or celebrities. Rest assured, Elon Musk is not going to offer you money for sending him cryptocurrency.

Meanwhile, others will give you “investing tips” in exchange for money or crypto. 

 As a rule of thumb when it comes to beginner investing tips, don’t trust anyone claiming to make you a ridiculous amount of money for performing simple tasks.

 is critical when investing in crypto. With stocks, you have to consider inflation hedge and other factors, but with crypto, you need to consider the performance of a currency in the past few months or weeks.

You’ll find numerous self-proclaimed cryptocurrency investment experts everywhere. They’ll tell you to buy their “get rich” tutorials. Don’t simply trust any random source when doing your research.

Listen to licensed financial advisors and always double-check every piece of information you see or hear online. More importantly, perform due diligence before you invest in a cryptocurrency.

Simply put, due diligence is a comprehensive appraisal of the crypto market — especially the particular currency in which you want to invest — in order to establish commercial potential while minimizing losses.

When you go in with proper research, it increases your conviction in your purchase and safeguards you from distractions and news scares. For instance, a cryptocurrency’s developers may run aggressive campaigns and get celebrity endorsements to create hype when their new crypto is launched.

As a result, many investors will blindly jump in without doing any research. Once the hype dies, they’re left with nothing. Of the many beginner investing tips to keep in mind, one of the most basic rules is to not be impulsive or act on FOMO. Instead, 

. Do your research, read the white paper, go through expert analysis — and 

 decide if you want to invest in a particular cryptocurrency.

Crypto wallet keys aren’t like car or house keys that you can copy. If you lose your key, you lose access to your wallet — and the money in it.

Although you can get your money back in some cases, the process is long and tedious. Instead, do yourself a favor and try not to lose your crypto key.

It’s equally important to keep your key safe from prying eyes. Don’t leave your wallet open or store the key anywhere easily accessible to others. The best way to safeguard it is to memorize it.

Every guide containing “crypto beginner investing tips” will tell you to leave your emotions at the door when you enter the crypto market. It’s pretty common for newbies to be ridden with both helpful and negative emotions when they win or lose money.

But don’t let these emotions dictate your next move or cloud your conscious decision-making skills. The best way to keep your emotions under control is to stop looking at the market charts.

If you’re glued to the screen, looking at the ups and downs in the crypto market, you’re bound to get stressed and make unwise decisions.

 lets you borrow funds from an exchange or broker to make more significant investments and get higher trading results. However, as a beginner, steer clear of margin trading because it also amplifies the impact of a loss on your portfolio. Remember only risk what you’re willing to lose.

Meme tokens or coins are just like any other cryptocurrency, except that they’re conceived as a joke or meme. These tokens are a risky investment because they’re created without any particular business plan in mind.

The underlying principle driving these coins is speculation. To make any money off them, you have to study the market movement very closely and benefit from the demand surge in the small window you have.

, a popular meme coin, said, “Pump and dumping, rampant greed, scamming, bad-faith actors, demanding from others, hype without research, taking advantage of others — those are all worthless.”

In fact, he left the community because these practices are all too common in meme coin trading. He

, “Keep educating yourself as much as you can on how cryptocurrency works, how these markets work, never risk more than you could safely lose, be vigilant and aware.”

When you buy Bitcoin, you know there’s a white paper with coherent information. You can conduct your research and make a trading plan accordingly. On the contrary, a meme coin’s worth is driven up — and down — by how much hype it’s getting from the market.

A Beginner’s Guide: Crypto Beginner Investing Tips You Must Know

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards