What are cryptocurrencies? Explained simply and without weird jargon
Cryptocurrencies are digital currencies that don't need banks or intermediaries. Imagine being able to send money to someone on the other side of the world without anyone controlling it or charging abusive fees. It's that simple.
The most well-known is Bitcoin, but there are thousands: Ethereum, Solana, Injective… Each one has its project and its function, and that's why its value can go up or down depending on people's interest.
And where are they stored? In a wallet, which is like your digital purse. And if you buy them on an exchange like Binance, you can start with very little, even with just a few euros.
Key advice if you're just starting: don't jump in recklessly. Learn, diversify, and always invest money you don't need to live on. You can make money here, sure, but you can also lose if you don't know what you're doing.
And above all, enjoy the process, because the crypto world is like the wild west but with opportunities.
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