Before you put any money into crypto, make sure you’ve checked every item on this list. This is your pre-flight checklist — like a pilot reviews before takeoff. Missing even one item can lead to avoidable losses.
Knowledge Checklist
- ☐ I understand what blockchain is and how it works
- ☐ I can explain Bitcoin and Ethereum in my own words
- ☐ I understand the difference between coins and tokens
- ☐ I know what a wallet is and how private keys work
- ☐ I understand market cap and why price alone is misleading
- ☐ I know the common scam types and how to avoid them
- ☐ I understand the basics of DeFi, NFTs, and stablecoins
Security Checklist
- ☐ I have 2FA enabled on all exchange accounts (authenticator app, not SMS)
- ☐ I use strong, unique passwords for each crypto account
- ☐ I have a separate email for crypto accounts
- ☐ I know my seed phrase is stored safely on paper (not digitally)
- ☐ I have a hardware wallet for holdings over $1,000
- ☐ I know never to share my seed phrase with anyone
Financial Checklist
- ☐ I have an emergency fund BEFORE investing in crypto
- ☐ I’m only investing money I can afford to lose completely
- ☐ I have a clear investment plan (DCA schedule, target allocation)
- ☐ I have set profit-taking targets
- ☐ I understand my tax obligations
- ☐ I’m not borrowing money to invest in crypto
Platform Checklist
- ☐ I’m using a regulated, reputable exchange like Mal.io
- ☐ My account is fully verified (KYC)
- ☐ I’ve tested a small deposit and withdrawal
- ☐ I know how to use basic order types (market, limit)
- ☐ I have a portfolio tracker set up
Mindset Checklist
- ☐ I understand crypto is volatile and can drop 50-80%
- ☐ I’m thinking long-term (years, not days)
- ☐ I won’t panic sell during crashes
- ☐ I won’t FOMO buy during pumps
- ☐ I’ll continue learning and adapting my strategy
- ☐ I accept that losses are part of the journey
If you can check every item on this list, you’re better prepared than 95% of new crypto investors. Welcome to the journey.
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