This is a guide to using and understanding blockchain and Crypto
The only way to do that is to get your hands dirty and touch all the critical parts that let you hold, buy, sell and use it. Here are 6 simple steps to help you begin doing that today:
- Transfer $5 onto an exchange and trade it for a Crypto of your choice
1. Use this link and get $25 free Bitcoin when you top up $5
2. Withdraw the $5 and educate yourself risk-free!
- Select a Cryptographic wallet to Store your Coins in securely
1. If you don’t own your private keys, you don’t own your coins
2. Storing your coins on an exchange is dangerous — DO NOT DO THIS
3. I use a Trezor ONE hardware wallet to store all my cryptocurrency
4. I would recommend BTC.com as an online wallet first step
- Transfer the Cryptocurrency in Exchange account to your Wallet
1. Understand how to use a public key and what it is
2. Go to transfer/withdraw, carefully enter the public key of your wallet
3. Be sure to triple check you have the right address!!
4. If you get it wrong your coins will be lost forever
5. Once you are certain it is right, hit send
- Transfer the Cryptocurrency back to your Exchange Account
1. Repeat the above steps in reverse
2. Triple check you have the right address!!
- Trade the Crypto of Choice for another token
1. It is valuable to understand the mechanisms of exchange
2. Repeat all the above steps for certainty on all steps
3. Double checking everything is your friend
- Exchange back to Fiat then Withdraw to your Bank
1. Understanding how to get back to the Fiat world is crucial
2. Feel free to exchange back to Crypto at any point but DO THIS STEP!
3. Sit back, relax and enjoy the magic of your knowledge
Congrats! You’re a Cryptocurrency and Blockchain Master
Only joking, but you’re a number of steps ahead of almost everyone else who claims to be an expert. The Truth is the barrier to that title is incredibly low. To reach the Cryptocurrency and Blockchain 1% all you have to do is this: