As the digital economy expands, crypto has emerged as a revolutionary asset class. However, it comes with its share of pitfalls - primarily, the prevalence of scams and fraudulent schemes targeting both new and experienced investors. In this guide, we share critical insights to help you navigate the crypto ecosystem safely.

Start with Trusted Exchanges

For newcomers, the temptation for quick gains can lead to risky decisions. It's crucial to begin your crypto journey on well-known and trusted exchanges. It's important to understand how an exchange operates, the types of tokens available, and the difference between large-cap and small-cap tokens. Starting with a reliable exchange like Giottus minimizes risks significantly.

Conduct Thorough Research Before Investing

The crypto market is filled with a vast array of coins, each with its own set of risks and opportunities. For example, Giottus lists over 200 coins, each subjected to a rigorous due diligence process. Investing in coins not listed on reputable exchanges carries much higher risks. Before listing a token, thorough checks on everything from the founders' backgrounds to the token's liquidity and economic model are conducted. Investors should adopt a similar level of scrutiny.

Self-Manage Your Crypto Assets

Managing your investments personally is crucial. Entrusting your crypto to wealth managers or similar entities is risky as there are no licensed wealth managers in the crypto space. The only reliable entities that should handle your crypto are registered exchanges and recognized crypto entities.

Stay Cautious on Social Platforms

Finally, always exercise caution on social platforms, especially Telegram. Scammers often impersonate officials from well-known exchanges or companies to deceive users. Never trust unsolicited messages or requests for transactions on platforms like Telegram, is an essential cautionary note. Always verify the authenticity of any communication through official channels like Giottus Telegram channel.

By adhering to these guidelines, investors can protect themselves from common scams and enjoy a safer trading experience. Safe and informed trading practices not only protect your investments but can also lead to significant gains in the crypto ecosystem.

Stay informed, stay vigilant, and trade safely.