Risk: High

Starting as a crypto trader from scratch can be highly risky for someone who can't afford to lose money. Beginners in this field could potentially lose money due to lack of experience, poor market timing, or making wrong investment decisions. It's common for novices to invest money and end up with losses, especially if they enter the market without proper knowledge and strategy. There are significant startup costs involved in terms of purchasing cryptocurrencies and trading platforms, which may not pay off if the market moves unfavorably. Many online sources mention stories of people failing or losing money in crypto trading, highlighting the risks involved.