#BNBChainMeme # **Crypto Basics for Binance Users**

### **1. What is Cryptocurrency?**

- Digital money secured by cryptography.

- Decentralized (no banks/governments control it).

- Runs on blockchain technology.

### **2. Top Cryptocurrencies**

- **Bitcoin (BTC)** – Digital gold, limited supply.

- **Ethereum (ETH)** – Powers smart contracts & DeFi.

- **BNB** – Binance’s token for trading discounts.

- **Stablecoins (USDT, USDC)** – Pegged to USD, low volatility.

### **3. Storing Crypto: Wallets**

- **Hot Wallets** (Online) – Convenient but risky (e.g., Binance Wallet).

- **Cold Wallets** (Offline) – Secure (e.g., Ledger, Trezor).

- **Never share private keys!**

### **4. Trading vs. Holding**

- **Trading** – Buy/sell frequently for short-term profit (risky).

- **HODLing** – Buy & hold long-term (less stress, more patience).

### **5. Security Tips**

✅ Use **2FA** (Google Authenticator).

✅ Avoid **phishing scams** (check URLs).

✅ Research before investing.

### **6. Binance Tools to Use**

- **Spot Trading** – Buy/sell crypto instantly.

- **Staking** – Earn interest on idle coins.

- **Futures** – High-risk leveraged trading.

**🚀 Start small, learn, and stay safe!**