Altcoins, i.e. all cryptocurrencies excluding bitcoin, have been attracting a lot of crypto-traders and crypto-investors – both experienced and beginners. The latter are certainly interested in the opportunity to make a fortune in a short time, but like any emerging unregulated market, altcoins carry a lot of risks. The number of existing cryptocurrencies and tokens has long exceeded a thousand. With every new ICO, another token emerges. Some of them are quite promising, others have long made a name for themselves, while others are created solely to quickly enrich their developers. Altcoin exchanges are also present in the cryptocurrency market in huge numbers, so a novice trader risks getting completely lost in this variety. All this makes cryptocurrency trading a potentially profitable but equally dangerous activity.