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Cryptocurrency for beginners deciphered in five definitive guides
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Cryptocurrency for beginners deciphered in five definitive guides

The world of cryptocurrency never sleeps. It’s always changing, always evolving, and it’s always volatile. This puts many people off getting involved with cryptocurrency. Investing and trading cryptocurrency can be daunting for newcomers.  Mainstream adoption of cryptocurrency will only be achieved through education, willingness, and relevant use cases. We look to provide all of this below.

Starting out can be tough, so we’ve simplified cryptocurrency for beginners. Below are five guides that will help you to understand the industry and each of its niches. Whether you’re brand new or you want to take the next step into your cryptocurrency journey, we’ve got something for you.

1. A definitive guide to cryptocurrency

Want to know the basics about cryptocurrency? This guide will help you to get started. It outlines exactly what cryptocurrency is, how the industry started, and the importance it carries – especially for individuals and businesses. Discover how cryptocurrencies are used, why they’re a preferred type of currency, and how they differ from general digital currencies. From Bitcoin through to its alternatives, we’ll tell you everything there is to know.

We’ll also give you a brief introduction to mining, earning, and trading cryptocurrency. With so many methods, exchanges and wallets available, the choices can be overwhelming for someone new to the industry. When it comes to cryptocurrency for beginners, we give you all the information you need to get started.

2. A definitive guide to cryptocurrency mining

Mining is a great way to obtain different cryptocurrencies. In fact, it was the original way to get your hands on Bitcoin. But as the years have gone by, it hasn’t come without criticism. Mining can consume a lot of energy, it can be an expensive method and – according to some – it could even damage the environment.

But what’s the big picture when it comes to mining? How does it work, what are the hash functions behind it, and what equipment do you need to get started? Our definitive guide to mining reveals all. It explores the benefits and risks of mining, as well as some of the strategies you can put into practice.

If you’re not interested in Bitcoin specifically, then don’t worry. Our guide outlines how you can mine a number of cryptocurrencies including Litecoin and Dogecoin. Equip yourself with the skills and knowledge you need to successfully mine crypto.

3. A definitive guide to cryptocurrency exchanges

There’s no cryptocurrency trading without exchanges. But the types of exchanges differ, the pairings available can change, and each exchange is likely to offer different benefits and features. So where do you start before choosing an exchange to use? By downloading this definitive guide, of course.

Discover the differences between decentralised and centralised exchanges, the levels of security they offer and whether or not they have any limitations. Your choice between these types of exchanges will come down to if you want to trust a third-party with your cryptocurrency funds.

This opens up the discussion around whether or not exchanges can be trusted. We explore both sides of the arguments and what the best option for beginners could be. We also outline some the safety measure you should take when moving cryptocurrency around. Cryptocurrency for beginners can be easy, as long as you understand how different types of exchanges work.

4. A definitive guide to cryptocurrency wallets

Wallets are essential to keeping your private and public keys secure. If you don’t protect your keys, hackers can easily access your cryptocurrency funds. Wallets can come in a variety of formats, depending on your security requirement. This guide takes an in-depth look at each type including hardware, paper, and software wallets.

By knowing the benefits and risks of each type of wallet, you can make an informed decision on which type to buy, how much of your cryptocurrency you should store, and the vulnerabilities you may be leaving yourself open to.

To get you started with your research, we point you towards some of the leading wallets available on the market.

5. A definitive guide to the top five cryptocurrencies

Wherever you are on your cryptocurrency journey, you will have undoubtedly heard of Bitcoin. But have you heard about the other four leading currencies, including Ripple and Ethereum? If you haven’t, or if you want to know more, then this guide is for you.

Cryptocurrencies also differ in their type and intention. While Bitcoin still holds the majority of market capitalisation, altcoins are now on the rise. Other types of currencies, such as stablecoins and privacy coins, are also gaining a greater following. To find out what they are and why they are driving up competition in the market place, download this guide.

You’ll receive an overview of the leading cryptocurrencies, learn about their use cases, and discover why they have been created as an alternative to Bitcoin.

Conclusion

These five guides make cryptocurrency for beginners a lot easier to understand. Each guide provides practical tips and useful advice. We equip you with the knowledge you need to take the next step of your cryptocurrency journey.

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