Assalamoalaikum dear steem kids and parents community |
---|
I'm @isha-rehman from 🇵🇰 I hope everyone is fine and I'm also good doing well in my life , learning something new everyday and experiencing the ups and downs of life that's all about me.
So basically I'm participating in writing expedition organized by steem kids and parents community.
So According to writing expedition today topic was about crypto and technology, so I have decided to write about beginners guide to crypto currency
I think there are lots of people who have no information about crypto currency so I'm going to share some tips that beginners can follow if they want to choose it as future career.
Beginners guide to crypto currency |
---|
So the 1st question about crypto that arise in our mind is
what is crypto currency?
Crypto currency is known as digital or virtual form of money it employs Cryptographic methods for safe ,secure and decentralized transactions. Because it uses blockchain technology, transparency and immutability are guaranteed. Cryptocurrencies like bitcoin, ethereium and others have grown in popularity because they have the potential to transform finance by enabling quick cost effective transactions across international borders. They provide lots of benefits for financial inclusion and privacy because they are not governed by a single entity but their value may fluctuate owing to market demand and speculation.
What are the basic points to keep in mind about crypto currency?
Then here I'll be sharing some points that everyone must keep in mind while searching and studying about crypto currency.
Research
Take time to learn about the various cryptocurrencies their use cases, and the technology underlying them before buying in or utilizing it for transactions.
Choose safe wallets
You will need a digital wallet to store your cryptocurreny. Software based (internet, desktop, or mobile) or hardware based (physical devices) wallets are both options, To protect your valuables make sure you select a dependable and secure wallet.
Security
Because cryptocurrency transactions are final,it is your duty to keep your money safe. Utilize two factor authentication, create secure passwords, and back up the private keys or recovery phrases for your wallet.
small investment
Start investing in cryptocurrency if you have never done so with a small sum that you can afford to lose. It is crucial to correctly manage your risk because the cryptocurrency market can be quite unpredictable.
Market trends
Do research about market trends and news. Stay up to date . Be prepare for price fluctuations because crypto is unpredictable.
join different communities
For further guides and support join different communities or academy to learn more about this vast topic.
scams
People make fake websites so be aware of scams and fake websites before investment. complete your research after that invest.
Most popular crypto currency
The most popular crypto currencies are:
- Bitcoin
- Ethereum
- Litecoin
- Ripple
This was the basic points that I share with you all. I'll try to make it's part 2 on next Wednesday to share further information about crypto currency.
I hope everyone like it. Regards from @isha-rehman |
---|