Professional Documents
Culture Documents
Disclaimer
Introduction
1. Blockchain
2. Bitcoin
3. Altcoins
4. Wallets & Exchanges
5. Apps & Websites
6. Safe trading
7. Risk Warning
Disclaimer
The author and publisher of this eBook and the
accompanying materials have used their best efforts in preparing
this eBook. The author and publisher make no representation or
warranties concerning the accuracy, applicability, or
completeness of the contents of this eBook. The information
contained in this eBook is strictly for educational purposes.
Therefore, if you wish to apply ideas contained in this eBook, you
are taking full responsibility for your actions.
This eBook is only for educational purposes, this is not
a financial advice and we are not a financial advisor. Any financial
advice we give is our own experience. Do brief research before
investing in anything. Any loss or profit you make into
cryptocurrency is your responsibility. We are not responsible for
it.
All links are for information purposes only and are not
warranted for content, accuracy, or any other implied or explicit
purpose.
This eBook is © copyrighted by The Crypto Chief and is
protected under the US Copyright Act of 1976 and all other
applicable international, federal, state, and local laws, with ALL
rights reserved. No part of this may be copied, or changed in any
format, sold, or used in any way other than what is outlined
within this eBook under any circumstances without express
permission from The Crypto Chief.
Introduction
This eBook aims to help all the people out there to
learn about cryptocurrency and start investing in the world of
cryptocurrency. It contains all the basic knowledge about
cryptocurrencies that a crypto trader should know. It is intended
for the peoples who are willing to get out of the rat race and have
financial freedom. It’s for those who haven’t found the right
information about cryptocurrencies and trading in
cryptocurrency.
Cryptocurrency is a digital currency used on the
blockchain network to do transactions. It is having a
decentralized network to performs transactions. Why it is
decentralized? it uses high cryptography to secure transactions
on a blockchain network. To solve the cryptography the network
is distributed across a large number of computers. Where the
computers solve the mathematical problems to secure a
transaction. These computers are known as nodes. This
decentralized structure allows them to exist outside the control
of the government and central authority. This allows you to do
transactions in a decentralized way, no central authorities are
having control over these digital currencies. Transactions made
by this system can neither be reversed nor be faked.
The term cryptocurrency is derived from a
combination of two words which are cryptography and currency.
Encryption and decryption of information are called
cryptography. The first cryptocurrency was launched by Satoshi
Nakamoto known as bitcoin. However, it’s not yet revealed who
is Satoshi Nakamoto. The success of bitcoin has led to the
creation of many different altcoins in the market competing with
the bitcoin. Now, there are more than 5000 cryptocurrencies
available in the crypto market having different purposes.
The Crypto market is making huge moves, it’s the right
time to invest in it. Other markets are already grown so much
that if you want to invest in it then you will require a huge
amount of funds, which is impossible for many peoples.
Real estate is at all-time highs and you will require a lot
of funds to start investing in it. There was a time when investing
in real estate was the best deal but now the time has changed.
The same is with the stock market, you need a huge amount of
investment into it to make some good gains. Also, there is a huge
effect of economy and GDP on stocks and real estate but crypto
is not affected by these things.
Talking about cryptos, the market is in its early stages
where investing $1000 can be millions of dollars in a few years.
The crypto market will boom in the coming years, the mass
adoption of the market will start soon, due to the coronavirus
pandemic the use of the paper money has decreased due to fear
of this virus, to tackle this problem cryptocurrencies are the best
solution. The decentralized network of these cryptocurrencies
makes it safer than ever.
The market cap of cryptocurrency is $150 B now and
the other markets are having a market cap of trillions. Now
imagine what if the market cap of the cryptocurrency reaches in
trillions. The price of assets will boom, early investors will be
rewarded for their investments.
This is the right time to be in cryptocurrency. Start it
now or you will regret it forever.
Blockchain
As we have learned about what is cryptocurrency.
Now, we will learn about the technology used behind these
cryptocurrencies. The technology used behind cryptocurrency is
blockchain.
What is a blockchain?
Blockchain is a chain of blocks.
In each block, information is being stored about a transaction.
Once the data has been recorded inside a block it is difficult to
change the data present in the block.
1 2 3
Wallets:
A wallet is a place where we can store cryptos. It stores
your private keys as well as public keys. There are many wallets
available in the crypto market. Some of them are Hardware
wallets, Paper Wallets, Desktop wallet.
Hardware wallets provide offline storage of the
cryptocurrency providing the highest form of security. It’ll cost
you $100-$150 but it’s worth buying if your account is big. This
wallet is a cold wallet as it is offline and provides security from
hackers.
Some famous hardware wallets are
1. Ledger Nano S
2. Trezor
3. Ledger Nano X
These are some of the wallets that I would recommend
you to buy one of these to keep your funds safe.
Exchanges:
This is the place where you can buy, sell, and trade the
cryptocurrencies. Some major cryptocurrency exchanges are:
1. Binance
2. Kucoin
3. Bitfinex
4. Coinbase pro
5. Kraken
6. HitBTC
7. Huobi
These are some major crypto exchanges that provide
spot trading, margin trading, and futures trading options in it.
These are some of the hot wallets. To start trading on these
wallets you have to do registration on this wallet followed with
the KYC process.
Apps & Websites
2. Coin stats
This app can be used for tracking
portfolios and tracking the prices of
coins.
3. Telegram
This app is used for joining telegram
groups where you will get the news of
cryptocurrencies and daily updates on
cryptos.
4. Trading view
Trading view is used for technical
analysis on charts.
6. Twitter
Twitter is used to join the pages of
coins where they tweet the latest news
and updates on their project.
Safe trading
There are many scammers in the crypto market which
will make you bankrupt if you are caught in their web. In this
section, you will see how to avoid being scammed by someone
in the crypto.
Also, join our telegram group where I will give premium calls for
FREE which is worth $199/ month.
https://t.me/cryptochiefconfidential