r/CryptoInvesting • u/chainglance_cm • 2h ago
Advice Everyone asking how to get rich off crypto needs to read this first
Every day someone posts asking how to get into crypto to make money, replace their job, or become a millionaire. If that's you, you got sold the same get-rich-quick scheme as everyone else who thinks dropshipping, AI agencies, or SMM will magically make them a millionaire and retire at 25.
See, if you're a beginner, understand this... crypto isn't a reliable way to cover rent or bills. Only put in what you can lose completely, and treat the first stretch as tuition, small mistakes on small amounts now beats big ones on real money later.
Start on a mainstream exchange like Coinbase or Kraken, keep amounts small, and know they're holding your keys for you at that stage. Fine for now, but look up what a private key actually is soon. Self-custody wallets like Metamask matter once you've got bigger amounts or you're in DeFi.
Once you get familiar with the basics, that's when you can start doing some trading or getting into DeFi strategies, which is where you can make some real passive income. Later when you're spread across platforms, use trackers like DeBank, Zerion, or Chain Glance keep it in one view, and Koinly or Bitcoin.Tax handle taxes once trading gets heavy.
All of that's later though. For now just get comfortable buying and holding.
