• Web3

  How to use Crypto: Get, Store, Exchange 🔗

  Posted by Zer0 H1ro on October 23, 2023 at 8:51 am

  

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  ❗️This guide is updated in real time. Please note that this is not the final version.

  Cryptocurrencies are reshaping the world's financial landscape. These digital assets are secure, hard to fake, and are becoming an integral part of the global economy. Here's your comprehensive guide to using, storing, and trading these revolutionary currencies.

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  Step 1. Create your digital wallet🔐

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  Important❗️Protect your wallet – your recovery phrase must be sacred. Guard them like treasure!

  ✍️ We recommend using paper and pen; they are not connected to the Internet and therefore cannot be hacked. Write down your seed phrase on paper and put it where no one but you can find it.

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  🌐 Hot Wallets:

  • Connected to the internet.
  • Convenient for quick transactions.
  • Vulnerable to online threats.

  Start Quest – 📜 Create your hot crypto wallet.

  ❄️ Cold Wallets:

  • Offline storage.
  • Secure from online hacks.
  • Include hardware and paper wallets.

  You can get your cold crypto wallet here.

  👮 Custodial Wallets:

  • Third parties control private keys.
  • Similar to traditional banking.

  Start Quest – 📜 Create an account on the Binance exchange.

  Start Quest – 📜 Create an account on the Coinbase exchange.

  Start Quest – 📜 Create an account on the Kraken exchange.

  🛡️ Non-Custodial Wallets:

  • Users control private keys.
  • Greater security and responsibility.

  Start Quest – 📜 Create a MetaMask wallet for Ethereum.

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  Step 2: Learn how to use crypto exchanges 🌌

  🏢 Centralized Exchanges (CEXs):

  • Third-party platforms.
  • User-friendly and less private.
  • Examples: Coinbase, Binance, Kraken.

  🔗 Decentralized Exchanges (DEXs):

  • Peer-to-peer trading (this does not exclude the possibility that the other party may use the bot).
  • More privacy, less intuitive.
  • You can find the full list here.

  💲 Fiat-to-Crypto Exchanges:

  • Convert fiat money to cryptocurrency.
  • The best rates and methods of exchanging fiat for crypto are collected here.

  🔁 Crypto-to-Crypto Exchanges:

  • Trade one cryptocurrency for another.
  • You can do it on any exchange above.

  Step 3: Send & Receive Cryptocurrency Transactions:

  💰 Earn crypto:

  • Websites like Freecash offer cryptocurrency in exchange for completing small tasks or surveys.
  • Start mining by visiting sites like NiceHash. These platforms allow you to use your hardware to mine cryptocurrencies.
  • Some websites and job boards allow freelancers to be paid in cryptocurrency. Websites like Crypto.jobs and Ethlance list jobs that pay in cryptocurrency.

  📘 Learn & Earn programs:

  1. Coinbase Earn:
     • Coinbase Earn is a program by Coinbase, one of the most popular cryptocurrency exchanges, where users can learn about different cryptocurrencies and earn them for free by watching videos and completing quizzes.
  2. Coinmarketcap Earn:
     • Binance-owned platform Coinmarketcap Earn Offers users the opportunity to learn about different cryptocurrencies through educational videos and content and rewards them with tokens for completing quizzes based on this content, thereby helping individuals gain knowledge while simultaneously earning digital assets

  💱 Buy Crypto on the exchange with your local currency:

  • You can buy crypto using one of the centralized exchanges where you are registered. The full list is here.
  • You can do this without centralized exchanges using this service.

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  You're All Set! With these tools and knowledge, you're ready to make waves in the vast ocean of cryptocurrency. Stay safe, stay informed, and most importantly, enjoy the journey! 🚀✨

  Zer0 H1ro replied 12 months ago 1 Member · 0 Replies
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