Top 10 Crypto Tips to Boost Returns in 2023

Although the crypto asset industry is now firmly in a bear market, there are still plenty of investment opportunities to take advantage of.

The purpose of this guide is to discuss 10 of the best crypto tips that will enable investors to boost returns in 2023.

Best Crypto Trading Tips Explained

The top crypto tips discussed in this section offer insight into the many ways that investors can maximize returns from this industry.

After all, just because crypto is in a bear market – this doesn’t mean that there aren’t investment opportunities on offer.

Below, we discuss 10 of the best crypto trading tips to consider right now.

1. Join a Reliable Crypto Discord – Learn Which Crypto Assets to Trade From an Industry Expert

One of the best crypto tips to consider today is to follow a reliable investor or trader that has proven experience in the digital asset space. This will enable beginners to get insider knowledge of the best emerging cryptocurrencies to target, in addition to expert analysis on established coins that might be about to break out.

A notable example in this space is Jacob Bury. This popular crypto asset influencer has a growing community of followers across both YouTube and Discord. Jacob Bury takes a flexible approach to the crypto trading scene, insofar as he is constantly scouring the market for suitable trading opportunities that he can share with his followers.

Oftentimes, Jacob Bury will look for the best ICO crypto presales for maximum upside potential. For example, Bury was one of the first crypto YouTubers to spot the Tamadoge project, which went on to become one of the best crypto private sales of 2023. Moreover, Jacob Bury also tipped his followers about Battle Infinity, which is now one of the best new coins on Pancakeswap.

In addition to finding newly launched projects that are still in their infancy, Jacob Bury is also popular for his technical analysis skills. Bury will look for the ideal entry point when suggesting a new trade based on comprehensive trading signals and technical indicators. This enables his followers to enter risk-averse positions without needing any prior knowledge of crypto analysis.

Although much of Jacob Bury’s material is available to watch for free on YouTube, the Discord channel is where his premium content can be found. A subscription of just $7.50 per month is required to unlock premium material and analysis before it is released to the general public.

Those wishing to receive Bury’s real-time crypto signal service can do so at $11.50 per month. This includes all of the upcoming crypto presales identified by Bury in addition to shorter-term market plays.

2. Look out for Crypto Presales – Inject Capital Into a Newly Launched Crypto Project

One of the best cryptocurrency trading tips for investors looking to find the next low-cap gem is to invest capital into a newly launched project. And, the most effective way of doing this is to find up-and-coming crypto presales. Otherwise referred to as an ICO, presales enable investors to buy newly launched tokens at a huge discount.

The reason for this is that investors will have access to preferential pricing, which is almost always lower than the eventual crypto exchange listing valuation. One of the most successful presales of all time was initiated by Ethereum in 2014, where lucky investors were able to purchase ETH tokens at a cost price of just $0.31.

As we now know, Ethereum has since gone on to hit all-time highs of nearly $5,000 – or about 1.6 million percent since its presale launch. Those that missed out on the Ethereum ICO will have plenty of other opportunities to spot the next best penny cryptocurrency. A recent example of this is the IMPT presale.

Investors have become more environmentally conscious, and IMPT enables investments in one of the most eco-friendly cryptos. This green ecosystem has partnered with major retail brands and rewarded shoppers with IMPT tokens for making purchases with their partners. The retail giants will donate to causes concerned about making our planet greener.

Besides investing in IMPT, individuals and businesses can do their pair in making the environment cleaner. A social feature on this platform enables users to track their carbon footprint. Users are scored according to their contributions, and positive contributors are rewarded points.

According to the IMPT whitepaper, businesses that incorporate the IMPT platform into their operations are also rewarded points. Higher points are allocated to users that retire their carbon credits.

When investors buy IMPT tokens, they can convert them into carbon credits. To offset their carbon footprint, investors can burn their credits. Otherwise, the credits are minted into NFTs and can be held as investments.

The presale is still in its first stage, offering IMPT tokens for $0.018. The second stage of the presale will increase the coin’s value to $0.023. Since the beginning of October 2022, IMPT has raised more than $4 million and is well on its way to selling out before the 25 November 2022 deadline.

Investors can get all the information about the presale on the IMPT Telegram channel.

3. Join a Crypto Signals Group – Receive Real-Time Trading Suggestions on Which Coins to Buy or Sell

Next up on our list of the best cryptocurrency tips to consider in 2023 is to join a signal provider. For those unaware, the best crypto signals are offered by seasoned traders and they essentially inform members which trading positions to enter. For example, the crypto signal might suggest going long on Ethereum at $1,400.

Moreover, the crypto signal should also advise what stop-loss and take-profit orders to enter, to ensure that members can simply head over to their preferred exchange and enter the respective trade. Crucially, from the perspective of the investor, signals offer a semi-passive approach to crypto trading, as the underlying technical analysis has already been performed.

One of the best providers in this marketplace to consider is CryptoSignals.org. This signal provider has a team of in-house analysts that research the crypto markets around the clock. Through high-level technical and fundamental analysis, CryptoSignals.org is in the game of finding profitable day and swing trading opportunities for its members.

CryptoSignals.org offers both free and VIP signals. Both options provide members with the respective crypto pair to trade and whether to go long or short, in addition to the suggested entry, stop-loss, and take-profit order price. However, while the free Telegram group offers just three signals per week, VIP members get 2-3 signals per day.

The VIP group at CryptoSignals.org will cost just £42 per month, although it does work out more cost-effective to sign up for a longer-term plan. All new customers are offered a 30-day money-back guarantee, should the signals not meet the member’s expectations. This enables investors to try CryptoSignals.org before making a commitment.

4. Try Copy Trading – Actively Trade Crypto Assets by Copying a Seasoned Investor

The crypto trading markets operate 24/7 and thus, offer plenty of opportunities to generate gains. Moreover, there are thousands of trading markets in this space – many of which attract vast sums of liquidity. However, being able to actively trade crypto around the clock and make consistent profits is no easy feat.

After all, traders need to have a solid grasp of technical analysis in addition to economic indicators and chart drawing tools. This is where the Copy Trading feature at eToro can help.

In a nutshell, this crypto tool feature enables investors of all budgets to ‘copy’ the buy and sell positions of an experienced crypto day trader.

After confirming the investment, all future positions will automatically be copied into the eToro user’s account. This will be at a proportionate amount to the investment size. For instance, we’ll say that the eToro user decides to invest the minimum amount of $200 into a proven crypto trader. The trader decides to allocate 30% of their capital into Shiba Inu.

Automatically, the eToro user will see $60 (30% of $200 investment) worth of Shiba Inu tokens in their portfolio. A few weeks later, the price of Shiba Inu has increased by 400%, so the trader closes the position. This means that eToro user – on a stake of $60, has generated growth of $240 on this passive trade.

The keyword here is ‘passive’, as the eToro Copy Trading feature does not require the investor to perform any research or place any orders. Moreover, it is important to note that all verified traders on eToro that can be copied are actually trading with their own capital. This reduces the risk of the trader engaging in reckless investment decisions.

In terms of the fundamentals, eToro is a regulated brokerage that is licensed by the SEC, ASIC, CySEC, and FCA. The platform supports fee-free US dollar deposits via e-wallets, bank transfers, and debit/credit cards. There are thousands of verified traders to choose from and no additional fees are levied on the Copy Trading tool.

Crypto assets are a highly volatile investment product. Your capital is at risk.

5. Crypto Yield Farming – Make Passive Income by Providing Exchange Liquidity 

One of the best crypto tips for those in the market for passive income is to consider DeFi yield farming. At first glance, yield farming can appear somewhat complex, albeit, once investors have a firm grasp of the basics – the mist should be cleared. In a nutshell, yield farming is an investment product that enables investors to lend crypto to decentralized exchange.

The crypto tokens will subsequently be used by the exchange for liquidity purposes. This means that traders can swap crypto on the respective exchange without needing to have a seller at the other end of the position. Instead, the trade will be facilitated by the tokens held in the exchange’s liquidity pool – which is funded by investors.

Now, there is obviously a financial motivation when engaging in yield farming. After all, investors will not lend their tokens to a third-party exchange without being financially compensated. In this regard, investors will earn a passive income on the tokens they lend. This is funded by the trading fees collected by the decentralized exchange when tokens are swapped.

It is also important to note that yield farming requires investors to fund a specific trading pair. For example, those funding BNB/BUSD would need to provide the exchange with equal amounts of each token. This subsequently allows traders to swap BNB for BUSD without going through a centralized order book, and vice versa.

One of the best-decentralized exchanges in the yield farming space is DeFi Swap. This exchange offers a share of any trading fees collected and investors can withdraw their tokens at any given time. As a decentralized provider, there is no requirement to register an account with DeFi Swap, nor provide any personal details. Yield farming can be accessed by connecting a wallet.

Note: DeFi Coin (DEFC) is the native digital token that fuels the DeFi Swap exchange. Find out why DEFC could be one of the best DeFi coins to invest in.

6. Buy the Dip – Invest in Top Crypto Assets While Market Prices are Down

Make no mistake about it – the best time to invest in any asset class – whether that’s stocks, ETFs, gold, or crypto – is when the markets are bearish. The reason for this is that bearish markets offer an opportunity to buy assets at a huge discount. Take the current crypto bear cycle for example.

Since the market peaked in November 2021, virtually all crypto assets have declined in value by considerable amounts. Large-cap tokens like Bitcoin and Ethereum are still trading at a discount of 70% when compared to their prior all-time highs of almost $69,000 and $5,000 respectively.

Medium-cap projects offer an even greater discount, with the likes of Decentraland, the Sandbox, Axie Infinity, and many others trading at lows of 80-90% from their previous peak. This means that investors can buy their favorite crypto assets at a highly favorable price, in anticipation that the markets will eventually recover.

For example, let’s suppose that an investor elects to buy BNB – which has since hit 2022 lows of $184. When compared to its prior all-time high of $669, this means that the investor can add an allocation of BNB tokens to their portfolio at a discount of 72%. Should BNB return to the $669 level during the next bull market, this would offer an upside of over 260%.

Small-cap gems that are newly launched offer an even greater value proposition. For example, the NFT competition platform Lucky Block – which is backed by the LBLOCK token, has since declined by 95% since hitting highs of $0.09. The current bear market means that investors can buy top-rated tokens like LBLOCK at a hugely attractive entry price.

Those looking to buy crypto assets on the dip can do so at eToro from just $10 per trade.

Crypto assets are a highly volatile investment product. Your capital is at risk.

7. Consider Trading Crypto CFDs – Trade Leveraged Crypto Assets With Short-Selling Capabilities  

One of the best crypto trading tips for experienced investors is to consider gaining exposure to CFD instruments. Contracts-for-differences, of CFDs, are financial derivatives that track the value of the crypto assets in real-time. Unlike Bitmex, Bybit, and other platforms in this space, CFD brokers are heavily regulated entities.

This means that traders can be sure that they are speculating on the crypto market in a safe and licensed environment. To offer some insight into this industry, leading CFD trading platform Capital.com support nearly 500 crypto pairs – all of which can be traded at 0% commission. Eligible clients will also be able to trade crypto with leverage.

Leverage limits will be determined by the trader’s country of residence, as per regulations surrounding CFD instruments. Not only that, but platforms like Capital.com enable traders to go long or short on their chosen crypto market. This means that traders can attempt to make gains even during a bear cycle – where prices are subsequently in a declining trend.

Do note that CFDs are banned in the US. Moreover, crypto-centric CFDs can no longer be traded in the UK. Nonetheless, CFDs are accessible in most other nations.

80.61% of retail investor accounts lose money when trading CFDs with this provider.

8. Buy Metaverse Real Estate – Build a Diversified Portfolio of  Metaverse Land While Prices are Cheap 

The metaverse is one of the hottest trends in the blockchain technology space. In fact, this phenomenon has made its way to the traditional investment scene, with Facebook recently changing its name to Meta Platforms.  The social media giant has already invested several billion dollars into its metaverse project.

However, the metaverse, in its current form, is dominated by a small number of crypto-centric platforms – namely Decentraland and the Sandbox. The aforementioned projects offer a metaverse world that can be accessed globally, simply by connecting a crypto wallet to the platform. Users can then create a personalized avatar and explore the respective metaverse ecosystem.

More pertinently, both Decentraland and the Sandbox enable users to buy virtual plots of land, which are 100% owned by the investor. Each virtual plot is secured by an NFT that operates on the blockchain network. To offer some insight into how big the metaverse real estate space could become in the near future, consider that many plots of land have already sold for seven figures.

For example, in late 2021, it was reported that a company called Republic Realm purchased more than $4.3 million worth of virtual land in the Sandbox. Republic Realm is planning to build 100 islands within the Sandbox metaverse. Crucially, as per the current bear market, virtual plots of land in both Decentraland and the Sandbox are now available to buy at huge discounts.

Note: In order to buy virtual land within the metaverse, investors will need access to the best metaverse coins. MANA (Decentraland), SAND (The Sandbox), and AXS (Axie Infinity) can be purchased at eToro from just $10.

Crypto assets are a highly volatile investment product. Your capital is at risk.

9. Manage Risk – Invest in Crypto Within the Boundaries of Risk Management 

One of the biggest mistakes that first-time crypto investors make is that they allocate capital without following basic risk management principles. Therefore, one of the best crypto day trading tips for beginners is to implement a risk management strategy. The first step to take in this regard is to assess whether a long or short-term investment strategy will be utilized.

Those opting for a long-term strategy should consider developing a dollar-cost averaging system. This means that instead of allocating a lump sum to crypto, investing smaller but frequent amounts. This might, for example, be $200 at the end of each month. Moreover, long-term investors should ensure that their crypto portfolio is well diversified.

Those looking to trade crypto in the short-term to take advantage of volatile market conditions should ensure that they have a firm grasp of bankroll management. This dictates the maximum stake that can be allocated to a crypto trade, in proportion to the trader’s total investment fund.  Short-term traders should also ensure that stop-loss and take-profit orders are deployed.

Crypto assets are a highly volatile investment product. Your capital is at risk.

10. Crypto Interest Accounts – Lend Out Idle Crypto Tokens to Generate Passive Income 

The final option to consider on our list of the 10 top crypto tips is to consider opening a crypto interest account that specializes in digital assets. The idea here is that by depositing tokens into a third-party platform, the funds will be utilized to facilitate loans. And of course, those borrowing the tokens will be required to pay interest.

This means that as the investor, passive income can be generated on crypto assets that would other have been left sitting idle in a private wallet. One of the best crypto interest account providers in this space is Crypto.com – both in terms of safety and yields. At Crypto.com, it is possible to earn an APY of up to 14.5%.

Those opting to earn interest on stablecoins to avoid volatility can earn up to 8.5%. Either way, all supported interest accounts come with three options. The best rates on offer require a minimum lock-up period of three months. There are also one-month accounts, in addition to flexible plans with no restrictions on withdrawals.

Crypto.com distributes interest payments on a weekly basis, which is great for generating compound growth. Additional rewards can be earned when staking CRO tokens. This is the digital asset that backs the Crypto.com ecosystem.

Conclusion

This guide has discussed 10 of the best crypto tips to consider implementing today to take full advantage of the current bear market.

Some of our top crypto trade tips include looking out for presales, joining a signal group, and earning passive income via yield farming and interest accounts.

We also discussed the benefit of joining Jacob Bury’s Discord channel. This popular analyst has delivered some notable crypto picks for his followers in recent months – which include a niche selection of upcoming ICOs and presales.

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