Cryptocurrency Basics

What is Cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology.

How Does Blockchain Work?

A blockchain is a distributed ledger that records all transactions across a network. Each block contains multiple transactions, and blocks are linked in chronological order.

Popular Cryptocurrencies

• Bitcoin (BTC): The first and most well-known cryptocurrency.
• Ethereum (ETH): Known for its smart contract functionality.
• Solana (SOL): A high-speed blockchain for decentralized apps.
• Ripple (XRP): Focused on real-time global payments.

How to Buy Crypto

1. Choose a trusted crypto exchange (e.g. Coinbase, Binance).
2. Create an account and verify your identity.
3. Deposit funds via bank transfer or card.
4. Buy your desired cryptocurrency and store it in a wallet.

Important Tips

• Always use two-factor authentication (2FA).
• Store large amounts in a cold wallet (offline).
• Research before investing in any new token.
• Beware of scams and phishing attempts.