How to Start Investing Online Safely?

[Nomad]

It is really easy to start investing online, you do not need a lot of money. However, online investments are also very risky as you might end up investing in the wrong asset and the wrong platform. Be wary of ventures that guarantee rapid wealth or fixed daily/weekly/monthly profits, as they often fall within the scam category. Additionally, a lack of transparency regarding the utilization of your funds can be a red flag, therefore, you need to see if they are HYIPs or Ponzi Schemes. Opt for legitimate investment platforms such as Robinhood, Webull, etc. which enable investments in reputable stocks like Apple, Google, and Microsoft. Another option for online investment is investing in cryptocurrencies; by using platforms like Binance and Coinbase.

 

[Riberet19]

The schemes that assure you extraordinary returns in a matter of days are a very big red flag. It is also important to read the terms and conditions of the websites in which you are going to invest. When you have some experience it is easy for you to recognize ponzi and hyip schemes.

As you say, cryptocurrencies are a good option to earn online but you should also investigate the project in question since the crypto world is full of scams, it is better to start by investing in well-established ones such as bitcoin, litecoin, ethereum, etc.