Introduction to the crypto world for beginners: 5 key concepts $Are you new to the crypto world? Don't start trading without knowing the following 5 concepts:
1. Blockchain – A decentralized and transparent database.
2. Wallet – The place where your cryptocurrency is stored (there are cold and hot wallet types).
3. Token vs Coin – Coins have their own network (e.g., BTC), while tokens are created on other networks (e.g., USDT).
4. DEX and CEX – Decentralized (Uniswap) and centralized (Binance) exchanges.
5. DYOR – "Do Your Own Research!" – The main way to reduce risks in crypto.
Note: These posts are for educational purposes and are not investment advice.