free mini-course "INTRODUCTORY to Easy Crypto Start"

This complimentary course offers a gateway into the dynamic realm of digital currencies. With just 3 concise videos lasting 5–7 minutes each, you'll gain essential foundational knowledge.

1. Basics of blockchain

Welcome to our introductory mini-course on digital currencies.

Through 3 complimentary lessons, we'll explore the fundamentals of blockchain technology, while addressing secure acquisition, storage, and income generation methods for cryptocurrencies.

In the opening video, we'll introduce core concepts from the cryptocurrency ecosystem and clarify how this technology works.

We begin with understanding blockchain technology. A blockchain is a digital ledger that records every transaction that has ever occurred.

All entries in the blockchain exist as interconnected blocks, linked together through cryptographic keys. Every subsequent block includes information referencing the preceding block.

Blockchain enables every network participant to access a shared distributed ledger. Importantly, blockchain doesn't store actual data, but rather maintains a chronological record of events (transactions) as they happen.

Blockchains are categorized based on the consensus mechanism they employ.

Consensus in blockchain refers to the process where network members agree on the current state of network data. These consensus mechanisms ensure the network's reliability and build trust among participants.

Consensus protocols:

Blockchain can operate in either a public (permissionless) network, accessible to anyone, or a private (permissioned) network with restricted access.

Bitcoin and similar cryptocurrencies represent the most well-known examples of public blockchain networks.

What are the top cryptocurrencies at the beginning of 2023?

Bitcoin is a digital currency created by computer networks and serves as an alternative to traditional money for numerous online transactions. As the world's first cryptocurrency, it remains the market leader with the highest market capitalization. The digital currency market continues to be heavily influenced by Bitcoin, which often determines overall market trends.

Ethereum serves as a blockchain infrastructure for building decentralized applications, ranking as the second-largest cryptocurrency (ETH) by market value. The majority of prominent DeFi and NFT initiatives are built on the Ethereum blockchain.

Tether (USDT) falls into the stablecoin category of cryptocurrencies. It's pegged to fiat currency reserves, which eliminates price volatility (1 USDT equals 1 US dollar). Users benefit from price stability, transparent operations, and low transaction costs. USDT's key strengths include complete settlement transparency and rapid transaction processing.

BNB functions as the native cryptocurrency driving the Binance Chain network. BNB ranks among the world's most widely-used utility tokens. Beyond trading BNB as a standard cryptocurrency, holders can utilize it for extensive additional perks, primarily connected to the Binance trading platform.

USD Coin (USDC) represents a digital token version of the US dollar, maintaining a fixed 1:1 exchange rate with the fiat currency. This stablecoin facilitates payments and financial settlements. It's also employed for risk management, as the token exhibits minimal price volatility compared to Bitcoin and alternative cryptocurrencies. USDC shares similar characteristics with Tether (USDT).

XRP Ledger (XRPL) is an open-source blockchain platform capable of processing 1500 transactions per second with minimal fees. Its efficient energy usage per transaction positions XRPL among the most eco-friendly and sustainable blockchain solutions available.

Binance USD (BUSD) This token was created by Binance, the world's leading cryptocurrency exchange. The stablecoin enables seamless transfers between blockchain networks and conventional banking systems. BUSD helps traders reduce trading costs on Binance and profit from volatility in standard cryptocurrencies. It shares comparable features with USDT and USDC.

Cardano is an open-source decentralized blockchain network secured through proof of stake (PoS) consensus.

Polygon is an Ethereum-based token that drives the Polygon network, designed to enhance Ethereum's scalability. Polygon aims to facilitate quicker and more affordable Ethereum transactions through layer 2 sidechains—separate blockchains operating alongside the primary Ethereum network.

Want to know more?

Our Easy Crypto Start course delves deeper into blockchain fundamentals, cryptocurrency earning strategies, and secure storage solutions.

Easy Crypto Start Course

2. Buying crypto

This video provides an overview of cryptocurrency wallet types, purchasing methods, and secure storage practices.

Cryptocurrencies represent digital assets that can be transferred directly between parties without intermediaries.

Generally speaking, there are three primary methods to acquire cryptocurrency: digital asset exchanges, brokerage platforms, or payment service providers.

Purchasing cryptocurrency through established crypto exchanges offers the highest level of security.

The most popular cryptocurrency exchanges:

Binance. Coinbase Exchange. Kraken. KuCoin. Bitstamp. Bitfinex. OKX. Binance US. Bybit. Bithumb.

What are cryptocurrency wallets?

A cryptocurrency wallet is specialized software that enables you to manage, store, and execute various operations with digital assets. It facilitates sending transactions and receiving payments.

Cryptocurrency wallets fall into two primary categories:

Hot wallets store digital assets online—either on exchange platforms, browser extensions, or mobile apps. Popular examples include Trust Wallet and MetaMask.

Cold wallets store your assets offline on hardware devices like USB drives or dedicated hardware. Examples include Ledger, Trezor, and SafePal.

What is the safest way to store cryptocurrencies?

For infrequent transactions, cold wallets (Ledger, Trezor) represent the most secure storage option available.

Ledger offers two hardware wallet models: the Ledger Nano S Plus priced at $79 and the premium Ledger Nano X. These devices support more than 5500 different cryptocurrencies.

Trezor provides an entry-level device costing $72, plus the advanced T model at $213. The $213 Trezor model compares to the Ledger Nano X, though it lacks Bluetooth functionality.

For frequent cryptocurrency usage, hot wallets are more practical. While less secure than cold storage, they offer greater convenience for regular transactions.

MetaMask — Enables storage and transfers of cryptocurrencies and NFTs built on Ethereum or EVM-compatible networks. The platform also features an integrated token swap functionality.

Trust Wallet is a secure multi-chain cryptocurrency wallet. Users can send, receive, trade, and store various digital assets including cryptocurrencies and NFTs.

Interested in learning more? Our Easy Crypto Start course covers cryptocurrency purchasing and storage methods, exchange types, and wallet options in greater detail. Check the description for the link.

Our upcoming free lesson focuses on cryptocurrency income generation strategies. We look forward to seeing you there!

3. Earning crypto

Throughout this mini-course, we'll explore the following primary methods for generating income with cryptocurrencies:

Cryptocurrency income generation extends beyond temporary trends. It represents a genuine opportunity to grow your capital or potentially establish a primary revenue stream.

Naturally, significant risks exist since cryptocurrencies are highly volatile assets. However, this volatility can work to your advantage in both short-term and long-term scenarios.

What are the ways and how to make money on cryptocurrency without investments and with investments?

Cryptocurrency trading involves profiting from price movements in digital coins. Traders participate in financial markets, generating income through speculative transactions with virtual currencies.

Investing refers to purchasing and maintaining assets over extended periods to achieve long-term returns.

Common cryptocurrency investment approaches include: holding coins long-term, investing in blockchain companies, and allocating capital to crypto-focused funds.

Farming is a cryptocurrency investment strategy where you deposit coins into liquidity pools or provide loans to other users.

Cryptocurrency lending represents a peer-to-peer lending approach. This method enables investors to extend loans to fellow investors.

Mining involves generating new cryptocurrency through specialized hardware. The process creates new blockchain units necessary for maintaining cryptocurrency network operations.

Staking is a reward system where users lock their coins or tokens for specified periods, contributing to network security and transaction validation.

P2E (Play-to-Earn) games represent an emerging category of blockchain-based gaming. Players receive exchange-listed tokens as rewards for completing in-game objectives.

Earnings on NFT

There are several ways to earn NFT:

Testnets involve testing new cryptocurrency projects, either with guaranteed rewards or without. In rewarded testnets, participants receive assured prizes like NFTs, tokens, or guaranteed ICO allocations. In unrewarded testnets, users participate without knowing if they'll receive compensation or what form it might take.

ICO stands for initial coin offering, where new cryptocurrency projects sell tokens to raise capital. Successful ICO participation can generate substantial profits from the price difference between purchase and market rates, plus potential token appreciation. However, approximately 98% of projects fail within two years, making ICOs extremely high-risk investments.

Want to learn more? Our Easy Crypto Start course provides comprehensive coverage of these methods plus additional earning strategies. Find the link below.

Thank you for completing our mini-course! We hope this has served as your entry point into the cryptocurrency universe!

Easy Crypto Start Course