3 Basic Concepts You Need to Know Before You Start with Cryptocurrencies
If you are new to the crypto world, here are the 3 most important concepts to help you build a strong foundation:
Bitcoin is not just a currency! It is the first decentralized financial network, limited to only 21 million coins, and this is part of the reason for its increasing value over time.
Wallets: Cryptocurrencies are stored in digital wallets, which come in two types:
Hot Wallets: Connected to the internet and easy to use.
Cold Wallets: Not connected, more secure.
Don't Trust, Verify (DYOR): Don't rely solely on people's recommendations. Read and research yourself before investing in any currency.
Start with knowledge, and don't rush into buying or selling. Crypto is an ocean, take your time swimming!
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