Post
Topic
Board Beginners & Help
Topic OP
For all Newbies Useful Information before entering cryptocurrencies.
by
dvndr007
on 24/11/2021, 04:21:47 UTC
Cryptocurrencies

Digital currencies in which transactions are verified & record’s are maintained in blockchain using strong cryptography.

Blockchain

In Blockchain, blocks are records linked together.
Each block contains a cryptographic hash of the previous block &  a timestamp and transaction data.


Bitcoin

Bitcoin (₿) is a decentralized digital currency.
Bitcoin first started trading from around $0.0008 to $0.08 per coin.


Altcoin's

Altcoins are coins created after bitcoin by integrating extra feature’s.

How to get in cryptocurrency?

Crypto exchange’s are the best way to get in cryptocurrencies.
Always try with small amount until you learn, if all goes well then enter full amount you want to invest.


Wallet's

Hardware wallet’s are most secure crypto wallet on planet Ledger and Trezor are most popular hardware wallets.
Software wallet’s are another secure wallets.
Most useful wallets are web3 wallet’s e.g Metamask wallet (install them in your browser extension & pin it)  User friendly and super easy to transact and have inbuilt swaps between currencies.


Metamask

Metamask support’s both ethereum as well many compatible chains (custom add other networks) .
Please visit metamask.io for complete information about how to use metamask & features.
Note: Tokens can be kept on any ethereum address or compatible chains on all wallets, except exchanges where token is not listed.
|Never send token to any exchange until token is not listed on it|

Kind Regard's