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🔹 The Basics of Cryptocurrencies: A Beginner's Guide 🚀
Cryptocurrencies are digital currencies that use blockchain, a technology that ensures security and transparency without the need for banks or governments. They are decentralized, meaning that no one fully controls them.
💰 Major Cryptocurrencies
Bitcoin (BTC)
Ethereum (ETH)
Stablecoins (USDT, USDC, BUSD): Pegged to the dollar to avoid volatility.
🔒 How are they stored?
Cryptos are kept in wallets (digital wallets):
Cold (offline): Safer, ideal for long-term storage (Ledger, Trezor).
Hot (online): More accessible, perfect for trading and quick payments (Trust Wallet, MetaMask).
Binance already offers its own wallet to store cryptocurrencies.
📈 What are they used for?
✅ As an investment and store of value.
✅ For trading and price speculation.
✅ In digital payments without intermediaries.
✅ To access DeFi (decentralized finance)