It won’t be wrong to say that this has been the toughest crypto winter ever. For the first time, companies like WazirX and Binance fought on the ownership of the company. Not to mention that regulatory uncertainty from global regulators compounded the hurt for investors who lost all their savings.
So, if you’re considering quitting the world of cryptocurrency, here’s a step-by-step guide on exactly what to do.
Step 1: Sell everything
To exit the crypto space, one thing you need to do is sell all your digital assets and liquidate them through a crypto exchange. Any crypto platform that holds your cryptos should be able to help you withdraw your assets.
Step 2: Send your cryptocurrency to a wallet
If your wallet is bleeding red but you are not planning to quit crypto yet, the best option is to send your cryptos to a safe and secure hardware wallet. Hold them until the bear market reverses. However, make sure you always remember your private keys (equivalent to your crypto password). Keep it in a safe place so you always have access to it. Cryptocurrencies are stored in your crypto wallets built on blockchain technology, which stores digital assets cryptographically, preventing someone from hacking your private keys.
Without private keys, you cannot claim ownership of any crypto assets. Court orders or other legal documents won’t be worth it if you don’t have private keys.
Step 3: Stop following charts
The crypto market is volatile. Every day you see a potential investment opportunity. What makes it hard to leave the crypto space is when you keep following new coins. You must prevent a “change of mind”. Try quitting all crypto groups on Telegram, Reddit and everywhere on social media. These groups can build false narratives and promote new plays.
Step 4: Look for other alternatives
The best investment option for a distraction might be a regulated space like the stock market. If you want to invest your money, learn more about the stock market, portfolio building, and switch from crypto to stock markets. It should be noted that although the stock market is also subject to volatility, it has what is called a “daily lower circuit” which protects you from losing your investment.
Want to quit crypto? Here is a quick guide to exiting the world of cryptocurrency safely and the latest news update
I tried to give all kinds of news to y’all latest news today 2022 through this site and you will like all this news very much because all the news that we always give in this news is always there. It’s on a trending topic and regardless of the latest news
it was always our effort to reach you that you continue to get the Electricity News, Degree News, Donation News, Bitcoin News, Trade News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health New, Cryptocurrency News, Claims News latest news and you always keep getting the news information for free through us and also tell people. Give that any information related to other types of news will be
Want to quit crypto? Here’s a quick guide to leaving the world of cryptocurrency safely & More Live News
All this news I made and shared for you, you will like it very much and we keep bringing you topics like every time so you keep getting hot news like trending topics and you It’s our goal to be able to have
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can go further by getting the information of this news with you. Later we will continue
to provide information on more world news update today types of latest news through posts on our website so that you always keep moving forward in this news and whatever type of information will be there, it will definitely be passed on to you.
Want to quit crypto? Here’s a quick guide to leaving the world of cryptocurrency safely and more news today
All this news that I have brought you or will be the most different and best news that you will not get anywhere, as well as the information Trending News, Latest News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to you all so that you are always connected with the news, stay ahead of the game and continue to today’s news all types of news for free till today so you can get the news by getting it. Always take two steps forward
Credit goes to news website – This news website from the original content owner. This is not my content so if you want to read the original content you can follow the links below