Safety First – Top Crypto Trading Safety Tips

Risk management is essential in any form of trading, crypto or otherwise. The crypto markets are much more volatile than any other financial market, which makes it necessary to trade with caution. The absence of a regulatory body also makes it difficult to tackle bad actors, although countries worldwide are gradually adopting legal frameworks to encourage greater adoption and safeguard investor money. So, if you are getting into the crypto trading zone, here are some tips that could help.

Do Your Own Research (DYOR)

A commonly used term in the crypto markets, DYOR, is particularly useful for those who trade under the influence of FOMO. FOMO (or the Fear of Missing Out) is an important factor that drives the prices of digital currencies. People blindly invest in assets without proper research, just because friends or family have done so. Do not fall into such traps. People in crypto communities often puff up a coin’s value through rumours, just to manipulate prices.

Spend time to learn about the market. Listen to coin price predictions from experts and keep track of events that might cause volatility in the market. When you are investing in new coins, learn everything about the crypto, including the team, the promised value of the blockchain project and more. It is wise to stay with more established coins, like BTC, XRP or ETH, if you are a beginner, since they have large daily trade volumes.

Remember, every coin has its own features and market value. You should look into price patterns and movements individually, without any correlation. At the same time, you will notice that the prices of two or three coins tend to move together. Identify the factors that make this happen.

Wallets are Risky – Trade CFDs Instead

If you own a crypto wallet, you will have to ensure added security measures. Your system should be protected, and the password should be changed periodically. Private keys require the highest levels of confidentiality. While blockchain is highly secure, crypto wallets are prone to hacking and theft. You can avoid such risks by choosing to trade crypto CFDs. CFDs or Contracts for Difference will allow you to speculate on coin prices without having to own a physical coin.

Blackwell Global offers the largest crypto CFD choices, with access to over 15 different cryptocurrencies. You can take advantage of the high market volatility, since CFDs will enable you to take positions in both rising and falling markets.

Use Stop Losses

The stop-loss feature is an important aspect of any asset trading; crypto or not. This will keep your losses to a minimum, if markets go against you. Opt for robust platforms like MT4 or MT5, which also offer the “Take Profits” option. Automated trading platforms will also have useful technical indicators to help you keep track of market conditions and make informed trading decisions.

Blackwell Global has a dedicated “Crypto Zone” to help traders with a wide range of articles, webinars and crypto-specific indicators. This is the largest education portal online today and a useful resource for traders, given the importance of knowledge in making successful trades.

If you are a beginner in crypto CFDs, it is always advisable to start small and always remember to trade with a regulated broker.


Trading leveraged products involves a high level of risk. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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