Hello investor,

Setting up this thread to share all relevant info about cryptocurrency. I will try to help introduce newbies or those who are just curious about the industry. Cryptocurrency just like all financial instruments has been made to seem complex and intimidating but trust me, it's not. I will break down everything you need to know.

Here's what to expect on this thread:
- Answers to frequently asked questions about cryptocurrency
- Some history about crypto
- The future of crypto and its impact on the world's economy
- How you can participate and be a part of it
- Invest and trading crypto expose
- Trusted platforms and currency to participate with

I'll do this over an extended period and hope some people find it useful. I'm not advocating for anyone to trade crypto. I want to share my knowledge and then decide if you wish to participate with the information I share.

P.S I don't plan to ask anyone for money. I don't run a cryptocurrency business.
I know you're the average suspicious Nigerian, but take this as it is for now– knowledge sharing for social good.

Let's ride!

Please indicate if you will be following this thread so I know at least someone finds this useful.

Interested

Interested! Pls do mention me whenever you drop it hot.

Anything that will make me loose my small 1k I no do instead I swallow am.
Op I haven’t seen any crypto lessons with money how are we gonna mek money from it now?

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Op carry on

Thanks for the support everyone. Giving this all I can but let's begin with very basic information about cryptocurrency.

[center]Frequently Asked Questions About Cryptocurrency[/center]

What is cryptocurrency in simple words?



A cryptocurrency is a form of digital currency which can be used as a medium of payment. It is a decentralized currency. Cryptocurrency is not controlled by any central bank or central authority. It is highly secure. It is encrypted. There are no chances of forgery or fraud due to its encrypted nature.



Where did cryptocurrency originate?



The concept of cryptocurrency is not new. Cryptocurrency was first introduced in the year, 2009 by Satoshi Nakamoto. Satoshi Nakamoto is an anonymous person or group of people. They are believed to have created the very first cryptocurrency, known as Bitcoin. The value of Bitcoin reached its peak in 2013, reaching the value of $1,200. Since then, the value has decreased and fluctuated. The price has gone down to $933.



How does cryptocurrency work?



The way cryptocurrency works is that it is decentralized. It is not controlled by any central bank or any authority. It is encrypted, and it is highly secure. Cryptocurrency is independent of any government. It is not controlled by the government’s monetary system and It's managed by a peer to peer network. It uses cryptography to manage and secure the currency.


The encryption process of cryptocurrency is known as mining. Mining is the process of verifying the transaction. The miners are the ones who verify the transaction. Miner’s do the mining by solving complex mathematical problems. The miners who solve the problem first are rewarded with cryptocurrency.



The transactions are recorded into a ledger which is known as blockchain. The blockchain is public and so anyone can see the transactions. The transactions are encrypted. The blockchain is secured using cryptography.

What is a cryptocurrency wallet?



A cryptocurrency wallet is an online account which is used to store and transfer your cryptocurrency. It is similar to a bank account. Think of it as a bank account for your crypto.


There are several types of wallets. There are online wallets, paper wallets, hardware wallets, and mobile wallets.



Online wallet is stored on the cloud. It is controlled by a third party but it's the most convenient way to store your cryptocurrency. The users can access their wallet from anywhere.



A paper wallet is a form of offline storage. It means that the wallet is not stored on a computer. It's a physical copy of the wallet. It's a printed copy of your public and private keys.



A hardware wallet is a physical device that is used to store your cryptocurrency. It's portable and more secure than any other form of cryptocurrency wallet.

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Following...

Please do we have anyone here who use NETELLER, Skrill Or Crypto.com? I need ur help

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Speak2klein Please don't drop your personal details. I'm not asking anyone to for your own safety. I'll share everything on here


OK we are following you continue

Now, thanks to our modern technology, you can buy cryptocurrency even through your smartphone. What do you want to buy? I can recommend paying attention to Bitcoin, it is the most popular cryptocurrency and it is never too late to invest in it. The growth of this cryptocurrency will be bigger and bigger every year. But there may be other good options to look at, such as this site. I have been using it for more than half a year now and I am completely satisfied with them.

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