Crypto PDF Begginers
Crypto PDF Begginers
Crypto PDF Begginers
Cryptocurrency is like digital money. It's super secure and doesn't need banks or
governments to work. Instead, it uses something called blockchain, which is like a big
digital ledger. You can send it to anyone, anywhere in the world, really fast. Bitcoin was
the first, but now there are lots of others too. It's changing how we do money stuff,
making it easier and fairer for everyone. Welcome to the world of cryptocurrency!
Before knowing how to invest in crypto, let's learn why to invest : Investing in
cryptocurrency offers the potential for high returns, diversification, access to emerging
technologies, global accessibility, decentralized nature, inflation hedge, and innovative
opportunities. However, it comes with risks such as volatility, regulatory uncertainty,
cybersecurity threats, and market manipulation.
There are various exchanges to buy crypto using inr and vice versa. Some of them
includes - wazirx, binance etc
There are 2 types of cryptocurrency exchange - CEX & DEX. Let’s learn about both and
their functionality
Best CEX includes - Binance, Bybit, Okx, Kucoin and a handful of others. But as these
international crypto exchanges are not FIU registered, some of them are facing
difficulties operating in India. However, Bybit is still accessible for Indian users.
Safest cryptocurrency :
1. Market Value: Look for those with a big market value, which means they're
more stable.
2. Technology: Choose ones with strong, smart technology to make sure they're
safer to invest in.
3. Community Support: Pick cryptocurrencies that have a lot of people
supporting and using them. This makes them safer too.
Examples: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL) , and
others.
Use Hardware Wallets: Keep your cryptocurrency safe offline with a hardware
wallet.
Enable Two-Factor Authentication (2FA): Add an extra layer of security to your
accounts with 2FA.
Choose Trusted Platforms: Stick to well-known exchanges and wallets with good
reputations.
Watch Out for Phishing: Be cautious of fake websites and emails trying to steal
your information.
Learn About Scams: Stay informed about common crypto scams to avoid falling
victim to them. Example Rug pull scam, sim swap scam, Fake online scam
claiming to double your money and more.
Keep Devices Secure: Keep your devices updated and use antivirus software to
protect against malware.
Diversify Investments: Spread your investments across different assets and
platforms.
Monitor Accounts: Regularly check your accounts for any unusual activity or
transactions.
By following these simple steps, you can help keep your cryptocurrency investments
safe from scams and security threats.
Memecoins are cryptocurrencies that are primarily created as a joke or meme, often
based on popular internet trends or memes. They typically lack fundamental value and
are driven by community enthusiasm and speculative trading. While memecoins can
experience rapid price increases due to hype and social media attention, they also carry
high levels of risk and volatility. Some of the famous memecoins include - Dogecoin,
Shiba inu, Pepe, Bonk, Meme
Here’s some of the memecoins you can watch ( Memecoins can go to zero as well so
dont invest over 5% of your portfolio in these highly risky tokens - Not a financial advice)
: https://www.instagram.com/reel/C2pGXkFSEzx/?utm_source=ig_web_copy_link
Prioritize security measures like hardware wallets and two-factor authentication. Stay
updated on emerging trends for new earning possibilities.