1. Research thoroughly: Conduct adequate research and make sure you know the cryptocurrency you’re investing in.
2. Diversify your portfolio: Don’t put all your eggs in one basket, diversifying your investments between different cryptocurrencies and asset classes can help to reduce your risk.
3. Use a secure wallet: Make sure you keep your cryptocurrency in a secure wallet to protect it from being stolen or hacked.
4. Use two-factor authentication: It is advisable to use two-factor authentication when dealing in cryptocurrencies.
5. Regularly monitor your portfolio: Keep track of your investments by regularly monitoring your portfolio and taking advantage of the analytics tools available.
6. Set up an automatic backup: Setting up an automatic backup for your cryptocurrency wallet can help to keep your funds safe.