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I have an account on kraken but what should I do now? (lemm.ee)

submitted 7 months ago by [email protected] to c/[email protected]

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Hi guys sorry for the noob thread I hope this will not trigger someone.

I want to start to invest in crypto just a little every month. But I don't want to trade a lot and I want medium risk maximum.

For one that want to start and study. Do you think to start first buying btc and eth in percentage? And only after a certain amount start to move on medium risk coin?

Another question: is there some YouTuber or blog that talk about crypto without any stupid fake news and promises to get rich?

Thanks a lot

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[–] [email protected] 1 points 5 months ago* (last edited 5 months ago)

Regarding Kraken,
it's a CEX (Centralized Exchange),
on those applies:
"Not your keys, not your crypto"

You should be looking into private wallets instead
(with those only you have the keys),
and aim to trade through DEXes
(Decentralized Exchanges) instead,
since they allow you to trade with your private wallets.

Be careful though, the crypto scene consists of 99.99% scammers / ponzi tokens.

All I bother with / root for lately is Monero.