✅ Crypto Basics You Should Know ₿🪙
1. What is Cryptocurrency?
Digital or virtual currency that uses cryptography for security. Most are decentralized and run on blockchain.
2. Popular Cryptos:
• Bitcoin (BTC) – The first and most well-known
• Ethereum (ETH) – Smart contracts and dApps
• Solana, Polygon, Cardano – Faster, lower-fee alternatives
• Stablecoins – USDT, USDC (pegged to USD)
3. What is Blockchain?
A digital ledger where transactions are recorded publicly and can't be altered.
4. Wallets Explained:
• Hot wallets (online, quick access)
• Cold wallets (offline, secure storage)
5. Ways to Earn from Crypto:
• Buying and holding (HODL)
• Staking
• Trading
• Yield farming
• NFTs (Non-Fungible Tokens)
6. Risks to Know:
• High volatility
• Scams rug pulls
• Lack of regulation
• Lost access to wallets = lost funds
7. Common Crypto Terms:
• DeFi: Decentralized Finance
• Gas Fees: Transaction cost
• DAO: Decentralized Autonomous Organization
• FOMO: Fear of Missing Out
• DYOR: Do Your Own Research
8. Where to Buy Crypto:
• Exchanges like Binance, Coinbase, Kraken, WazirX
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