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Learn Cryptocurrency: Important Things Newbies Should Know

Trade Cryptocurrency

Newbies in crypto have a lot they need to learn. But even experienced enthusiasts should continue learning cryptocurrencies to know new trends, new platforms, and most importantly, new products. There is much to discover, but the best thing is to start with the basics. You will learn more as you go.

So, if you are interested in learning cryptocurrency, there is a lot of information on the web, and it can be overwhelming. Only use information from reliable websites or consult professionals and experienced crypto enthusiasts.

If you are reading this, you are already lucky; the information here is well researched and reliable.

What Is Cryptocurrency?

To successfully learn cryptocurrency, you first need to know what it is. Cryptocurrency is digital money—not physical—that is stored and transacted online. The transactions occur on the blockchain, which is a ledger that uses cryptography technology to secure all operations. Cryptocurrency can be stored in a digital wallet that is secured with private keys.

As we are going to see, there are different coins called tokens. Their value against fiat currencies keeps changing because the crypto market is volatile. Cryptocurrency platforms are a great place to buy and sell cryptocurrency. Additionally, major crypto platforms often have their own currencies.

Learn Cryptocurrency: Popular Cryptocurrencies in the Market

You cannot learn cryptocurrency without knowing the popular cryptocurrencies in the market. So, here is a list of the major ones.

  • Bitcoin (BTC) – The crypto was the first to appear on the market in 2009 as a decentralized crypto and has consistently grown in value. At the time of this publication, its value is $57,100 USD. You can trade Bitcoin on different platforms today.
  • Ethereum (ETH) – This cryptocurrency is also very popular with its value growing steadily. Just so you know, its value is currently at $3,450.97 USD.
  • Cardano (ADA) – Although its value against the USD is low at $2.09 at the time of publishing, ADA is gaining a lot of popularity today.
  • USDC – This is a stablecoin that was created to curb the volatility of cryptocurrency. As you learn cryptocurrency, you need to know that USDC is pegged to the value of the US dollar at the ratio of 1:1.

Learn Cryptocurrency: Cryptocurrency Platforms

Even though we have shared only four popular cryptocurrencies, there are many others like Terra LUNA, MINE, and Binance among others. If you are interested to learn more, you could try here to see one of the best platforms for trading. Both DeFi and CeFi exchanges are popular these days for those who want to invest in cryptocurrencies.

There are also crypto savings platforms that give interest for saving crypto with them. Alternatively, you could try yield-farming opportunities if you are not into trading and other investments. Ultimately, there are numerous opportunities for you to try once you learn cryptocurrency.

Final Words

You can never learn cryptocurrency completely since new products and technologies keep coming along. But you can learn continuously to know as much as possible. For now, you have the basics to help you get started.

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About Me

finance blogger

The idea of starting a blog has been hitting me for long; I took it seriously after falling into a spiral of debt and recovering from it.

I have been anxious all through the financial difficulties. I see that same anxiety in the eyes of people, whose ill fate has put them at odd with financial repose.

It makes me compassionate. Out of this compassion and goodwill, I started this blog. I wanted to help all those, who are facing financial distress.