2 min read

Why use a crypto consultant?

Here are some of the main reasons why you should be using a crypto consultant in 2022
Published on
August 8, 2022
Contributor
CryptoVeritas
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The Best Reasons are:

1. They know how to move around the crypto system with ease and can explain/simplify processes as you go such as how to convert fiat to crypto, where to store it, and where to trade it.


2. They usually have promo codes or inside info for certain apps which help you and the consultant get free money for referrals or money for trading.


3. They are typically more up to date on current events than trying to watch videos that may be a few months old. If this is their full time or even part time job they usually keep up to date on the markets and whats happening which will help you understand the status of the markets.

Things to be cautious of:

1. If they ask for your seed phrase or are able to see your seed phrase while creating a wallet then you are in trouble and should stop talking to them. They are only trying to steal your funds.

2. If they ask for your private key (not public key) then you may need to end the call. Again they are trying to steal your funds.

    1. Public key is available to everyone. It is your address that can be seen on explorers(transaction trackers)

     2. Private key is a coded key to your accounts.

3. If they are trying to promote a specific coin then they may just be trying to pump the price of their own coins. However some of their coins could turn out to be great picks. That's why it’s always important to do you own research when it comes to altcoins as a good chunk won’t make it.

4. If they are promoting a pump and dump group then you should walk away. Most people coming into these groups get rekt. They will tell you a coin they are going to pump but by the time you get into it the leaders of the group will already start to dump their profits onto newcomers leaving them with heavy losses. 






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