Crypto Fundamentals 101: Introduction to the World of Cryptocurrencies
Crypto Vice Code: BF3XCHS2
Ready to start your journey in the crypto world? This guide will take you by the hand from the basics until you feel confident to take your first steps. In the end, put your knowledge to the test and decipher the code!
What Will You Learn?
1. What are cryptocurrencies?
2. Why are cryptocurrencies important?
3. How to choose your first crypto.
4. Set up your wallet.
5. Buy and sell cryptocurrencies securely.
6. Avoid scams!
1. What are Cryptocurrencies?
Cryptocurrencies are digital or virtual currencies that operate thanks to blockchain technology. They do not depend on banks or governments, making them decentralized, secure, and global.
2. Why are they Important?
- Decentralization: They do not require intermediaries.
- Fast and global: Send money in minutes anywhere.
- Protection against inflation: Many cryptos have a limited supply.
3. Choosing Your First Cryptocurrency
Start with recognized cryptos like Bitcoin (BTC) or Ethereum (ETH). Both are stable and widely accepted.
4. Set up your Wallet
Your wallet is your digital wallet. I recommend starting with a hot wallet like Trust Wallet for ease of use.
How to Set Up Trust Wallet:
1. Download the app.
2. Write down your recovery phrase (keep it safe!).
3. Add your first crypto.
5. Buy and Sell Cryptocurrencies
Binance is an excellent option. Use this QR to register and get started:
Code: BF3XCHS2
6. Avoid Scams
- Do not share your private keys.
- Always do your own research (DYOR).
- Beware of exaggerated promises.
Upcoming Topics
- Blockchain Basics
- Wallet Tips
- What are NFTs?
- Smart Contracts
Final Test: Decipher the Code
Now let's put what we learned to the test! Answer the following questions, and at the end combine the correct letters from each answer in order to discover a secret message.
Question 1:
What technology makes the operation of cryptocurrencies possible?
A) Central banks (*B*)
B) Blockchain (*F*)
C) Credit cards (*X*)
Question 2:
Which of these options is a cryptocurrency?
A) Bitcoin (*3*)
B) US Dollar (*C*)
C) Euro (*H*)
Question 3:
What type of wallet is the most secure but least practical?
A) Hot wallet (*S*)
B) Cold wallet (*2*)
C) Bank apps (*B*)
Question 4:
What is a basic recommendation to avoid scams?
A) Share your private keys (*C*)
B) Do your own research (*H*)
C) Invest in everything without understanding (*S*)
Final Answer
Once you have the correct letters from each answer, combine them in order to form the secret code. Enter that code when registering on Binance and enjoy the benefits.
Crypto Vice
