I remember my first foray into crypto. I listened to a bunch of videos about the "moon," signed up on some shady exchange, bought some Bitcoin through an exchange with outrageous fees, and transferred it to a wallet I didn't even check. Then I spent a month trying to remember where the money went. Spoiler alert: it didn't go away; I simply screwed up the fees and chose the wrong network.
If there had been a proper navigator back then that laid everything out and showed where the catch was, I would have saved about 20,000 rubles and a ton of stress.
Cryptomator is just such a navigator. It's not an exchange, not a wallet, not another "investment fund" promising mountains of gold. It's an information hub where you can:
Read the news without fluff;
Learn to distinguish scams from legitimate projects;
Check exchange rates and not miss a beat;
Calculate how much commissions will eat up;
Understand how blockchain works, without the complicated jargon.
In this article, I'll explain how to use Cryptomator to avoid making the same mistakes, and I'll show you what you can do with it using real-world examples.
Part 1: What's Inside Cryptomator
When you visit the website or app, you see several main sections. I've gone through each one and explained what's really useful.
1.1 News: A constantly updated feed. It's important not just to read the headlines, but also to look at the date and source. In crypto, news becomes outdated within an hour.
Example: Yesterday, the news broke that the SEC approved an Ethereum ETF. If you read it today, the price could have already skyrocketed or fallen back. Cryptomator timestamps it, so you can see when the news broke.
1.2 Education: The most useful section for beginners. It contains articles on the following topics:
· "What is blockchain and how to use it";
· "How to avoid a scam";
· "Hot and cold wallets: what's the difference";
· "Fees: why transferring 100 rubles can cost 500."
Example: I found an article about "gas" in Ethereum. Before, I thought gas was just a fee. It turns out there are limits, priorities, and you can overpay by 10 times if you don't understand it. After reading this, I started consciously messing with the settings in MetaMask.
1.3 Rates and Charts Displays prices for major coins: BTC, ETH, USDT, BNB, SOL, and about twenty others. You can see daily, weekly, and monthly trends.
Example: Let's say you want to buy Bitcoin. You see that the price has dropped 3% in the last hour. If there's no breaking news, it's probably a correction, and you can enter. If the price has dropped by 20%, something's probably wrong; it's best to read the news before buying.
1.4 Calculators. Here are a few useful features:
Currency converter. Converts Bitcoin to rubles, dollars, and hryvnias. Useful when you see the price in crypto and want to understand how much that translates to in your currency.
Fee calculator. Enter the transfer amount, select the network (ERC20, TRC20, BEP20), and see how much the fees will cost.
Example: You want to transfer 100 USDT from an exchange to your wallet. If you choose the ERC20 network, the fee might be 5-10 bucks. If you choose the TRC20 network, it's mere pennies. The calculator shows the difference, so you don't waste money for nothing.
1.5 Reference Guides: Brief information about each coin: what the project is, who the founders are, why it's needed, and where it's traded.
Example: You see the Aptos coin in the news. You go to the reference guide and read: it's a blockchain from former Meta employees, marketed as fast and scalable. You realize it's not a memecoin, but a more or less serious project. You decide whether to delve further.
Part 2: How to Use It — Step-by-Step Scenarios
I've modeled several typical situations in which Cryptomator really helps. You can follow along.
Scenario 1: A complete noob wants to buy Bitcoin without screwing up.
1. Go to the "Training" section. You read the articles:
· "What is Bitcoin and how does it work?"
· "How to choose an exchange to buy from"
· "Hot and Cold Wallets"
2. Then you go to "Rates" and look at the current BTC price. If the price seems high, read the news for the last day – there might be a reason.
3. In the "Calculator," estimate how much money you're willing to invest and see how much BTC you'll get (including fees).
4. Decide which exchange to buy on (you can find out which exchanges exist in the directory).
5. You buy and transfer it to your wallet (after reading the article about fees).
Scenario 2: You learned about a new coin and want to know if it's a scam or not.
1. You go to the "News" section. You look at what's being written about it. If the only news you get is from Telegram channels with hamsters, be wary.
2. Go to "References." If the coin isn't there, Google it separately. References usually only list relatively liquid projects.
3. Read related articles in "Training"—for example, "How to Recognize a Scam Project." Check for signs.
4. If the coin inspires confidence, go to the exchange and try buying a small amount.
Scenario 3: You want to transfer crypto from the exchange to your wallet without burning through fees.
1. In the "Calculator," select "Fees Calculator."
2. Enter the amount, coin, and network (ERC20, TRC20, BEP20, etc.).
3. Check which network is cheaper. Usually, TRC20 (USDT on Tron) or BEP20 (BSC) are the cheapest.
4. When withdrawing on the exchange, select the same network as in the calculator.
5. Check the wallet address—it must support this network.
Scenario 4: Market panic, price drops—what to do?
1. You go to "News" and read what's happened. It could just be a correction, or maybe there's really bad news.
2. You look at the charts in "Courses"—how much the price has fallen, and has this happened before.
3. If there's no news and the drop is sharp, it could be a technical correction. If there's negative news, you consider whether it's time to exit.
4. In "Training," you find articles on risk management. You remind yourself not to panic and sell at the bottom.
Part 3: Where Cryptomator Won't Help
To be honest, there are things the platform doesn't and shouldn't do:
It doesn't provide investment advice. They won't say "buy X, it'll skyrocket tomorrow." Just information.
· Doesn't store your keys or coins. It's not a wallet.
· Doesn't look for lost passwords. If you've forgotten your seed phrase, Cryptomator won't help.
· Doesn't predict the future. There are analytics, but they're not a crystal ball.
Part 4: My Crypto Mistakes (So You Don't Repeat Them)
Mistake 1: I believed in a hyped project. There was some token they promised to give away for registering. I left my email and phone number. Then I spent six months unsubscribing from spam.
Mistake 2: I bought on the high. I saw the coin rising sharply and got swept in at the top. A day later, it fell by half. It was a shame to sell, but holding on was painful. If I had looked at the monthly chart, I would have seen that it was a typical "pump and dump."
Problem 3: Didn't withdraw on time. I had a 30% profit. I thought it would grow even more. It grew to 50%, and then dropped into the red within a day. Now I take my profits in installments.
Problem 4: I stored my funds on FTX. It was a reliable exchange until it collapsed. I didn't keep large sums there, but my friends lost a lot. Now I only store them in cold wallets.
Problem 5: Confused networks. I sent USDT over the ERC20 network instead of the TRC20 network. The fees were outrageous, and I had to wait half a day for the transfer. A calculator would have shown the difference.
Part 5: Useful tips I discovered
Trick 1: Comparing fees. I used to just choose the first network I came across when withdrawing. Now I always check the calculator—sometimes the difference is 10 times.
Tip 2: Checking the news by time. I saw an old piece of news, thought it was new, and almost bought it at the high. Now I check the date and time.
Tip 3: Educate yourself before buying. Before buying a new coin, I read the section about it in the reference book and related articles. It helps weed out the obvious garbage.
Tip 4: Daily monitoring. I log into the app in the mornings, check the rates and news. If something drastic happens, I immediately see it.
Result
Cryptomator is useful for those who want to understand crypto without losing money. It's not a panacea, not a way to make money, but a tool for information.
Go in, read, watch, analyze. And when you're ready, open a wallet and buy. Just be careful, don't make the same mistakes I did.
And most importantly: never trust anyone who promises easy money in crypto. If they knew how to make money, they would keep quiet and buy the courses themselves instead of selling them.
If there had been a proper navigator back then that laid everything out and showed where the catch was, I would have saved about 20,000 rubles and a ton of stress.
Cryptomator is just such a navigator. It's not an exchange, not a wallet, not another "investment fund" promising mountains of gold. It's an information hub where you can:
Read the news without fluff;
Learn to distinguish scams from legitimate projects;
Check exchange rates and not miss a beat;
Calculate how much commissions will eat up;
Understand how blockchain works, without the complicated jargon.
In this article, I'll explain how to use Cryptomator to avoid making the same mistakes, and I'll show you what you can do with it using real-world examples.
Part 1: What's Inside Cryptomator
When you visit the website or app, you see several main sections. I've gone through each one and explained what's really useful.
1.1 News: A constantly updated feed. It's important not just to read the headlines, but also to look at the date and source. In crypto, news becomes outdated within an hour.
Example: Yesterday, the news broke that the SEC approved an Ethereum ETF. If you read it today, the price could have already skyrocketed or fallen back. Cryptomator timestamps it, so you can see when the news broke.
1.2 Education: The most useful section for beginners. It contains articles on the following topics:
· "What is blockchain and how to use it";
· "How to avoid a scam";
· "Hot and cold wallets: what's the difference";
· "Fees: why transferring 100 rubles can cost 500."
Example: I found an article about "gas" in Ethereum. Before, I thought gas was just a fee. It turns out there are limits, priorities, and you can overpay by 10 times if you don't understand it. After reading this, I started consciously messing with the settings in MetaMask.
1.3 Rates and Charts Displays prices for major coins: BTC, ETH, USDT, BNB, SOL, and about twenty others. You can see daily, weekly, and monthly trends.
Example: Let's say you want to buy Bitcoin. You see that the price has dropped 3% in the last hour. If there's no breaking news, it's probably a correction, and you can enter. If the price has dropped by 20%, something's probably wrong; it's best to read the news before buying.
1.4 Calculators. Here are a few useful features:
Currency converter. Converts Bitcoin to rubles, dollars, and hryvnias. Useful when you see the price in crypto and want to understand how much that translates to in your currency.
Fee calculator. Enter the transfer amount, select the network (ERC20, TRC20, BEP20), and see how much the fees will cost.
Example: You want to transfer 100 USDT from an exchange to your wallet. If you choose the ERC20 network, the fee might be 5-10 bucks. If you choose the TRC20 network, it's mere pennies. The calculator shows the difference, so you don't waste money for nothing.
1.5 Reference Guides: Brief information about each coin: what the project is, who the founders are, why it's needed, and where it's traded.
Example: You see the Aptos coin in the news. You go to the reference guide and read: it's a blockchain from former Meta employees, marketed as fast and scalable. You realize it's not a memecoin, but a more or less serious project. You decide whether to delve further.
Part 2: How to Use It — Step-by-Step Scenarios
I've modeled several typical situations in which Cryptomator really helps. You can follow along.
Scenario 1: A complete noob wants to buy Bitcoin without screwing up.
1. Go to the "Training" section. You read the articles:
· "What is Bitcoin and how does it work?"
· "How to choose an exchange to buy from"
· "Hot and Cold Wallets"
2. Then you go to "Rates" and look at the current BTC price. If the price seems high, read the news for the last day – there might be a reason.
3. In the "Calculator," estimate how much money you're willing to invest and see how much BTC you'll get (including fees).
4. Decide which exchange to buy on (you can find out which exchanges exist in the directory).
5. You buy and transfer it to your wallet (after reading the article about fees).
Scenario 2: You learned about a new coin and want to know if it's a scam or not.
1. You go to the "News" section. You look at what's being written about it. If the only news you get is from Telegram channels with hamsters, be wary.
2. Go to "References." If the coin isn't there, Google it separately. References usually only list relatively liquid projects.
3. Read related articles in "Training"—for example, "How to Recognize a Scam Project." Check for signs.
4. If the coin inspires confidence, go to the exchange and try buying a small amount.
Scenario 3: You want to transfer crypto from the exchange to your wallet without burning through fees.
1. In the "Calculator," select "Fees Calculator."
2. Enter the amount, coin, and network (ERC20, TRC20, BEP20, etc.).
3. Check which network is cheaper. Usually, TRC20 (USDT on Tron) or BEP20 (BSC) are the cheapest.
4. When withdrawing on the exchange, select the same network as in the calculator.
5. Check the wallet address—it must support this network.
Scenario 4: Market panic, price drops—what to do?
1. You go to "News" and read what's happened. It could just be a correction, or maybe there's really bad news.
2. You look at the charts in "Courses"—how much the price has fallen, and has this happened before.
3. If there's no news and the drop is sharp, it could be a technical correction. If there's negative news, you consider whether it's time to exit.
4. In "Training," you find articles on risk management. You remind yourself not to panic and sell at the bottom.
Part 3: Where Cryptomator Won't Help
To be honest, there are things the platform doesn't and shouldn't do:
It doesn't provide investment advice. They won't say "buy X, it'll skyrocket tomorrow." Just information.
· Doesn't store your keys or coins. It's not a wallet.
· Doesn't look for lost passwords. If you've forgotten your seed phrase, Cryptomator won't help.
· Doesn't predict the future. There are analytics, but they're not a crystal ball.
Part 4: My Crypto Mistakes (So You Don't Repeat Them)
Mistake 1: I believed in a hyped project. There was some token they promised to give away for registering. I left my email and phone number. Then I spent six months unsubscribing from spam.
Mistake 2: I bought on the high. I saw the coin rising sharply and got swept in at the top. A day later, it fell by half. It was a shame to sell, but holding on was painful. If I had looked at the monthly chart, I would have seen that it was a typical "pump and dump."
Problem 3: Didn't withdraw on time. I had a 30% profit. I thought it would grow even more. It grew to 50%, and then dropped into the red within a day. Now I take my profits in installments.
Problem 4: I stored my funds on FTX. It was a reliable exchange until it collapsed. I didn't keep large sums there, but my friends lost a lot. Now I only store them in cold wallets.
Problem 5: Confused networks. I sent USDT over the ERC20 network instead of the TRC20 network. The fees were outrageous, and I had to wait half a day for the transfer. A calculator would have shown the difference.
Part 5: Useful tips I discovered
Trick 1: Comparing fees. I used to just choose the first network I came across when withdrawing. Now I always check the calculator—sometimes the difference is 10 times.
Tip 2: Checking the news by time. I saw an old piece of news, thought it was new, and almost bought it at the high. Now I check the date and time.
Tip 3: Educate yourself before buying. Before buying a new coin, I read the section about it in the reference book and related articles. It helps weed out the obvious garbage.
Tip 4: Daily monitoring. I log into the app in the mornings, check the rates and news. If something drastic happens, I immediately see it.
Result
Cryptomator is useful for those who want to understand crypto without losing money. It's not a panacea, not a way to make money, but a tool for information.
Go in, read, watch, analyze. And when you're ready, open a wallet and buy. Just be careful, don't make the same mistakes I did.
And most importantly: never trust anyone who promises easy money in crypto. If they knew how to make money, they would keep quiet and buy the courses themselves instead of selling them.
