About Cryptocurrency Basics By Natalie Dzepina
In the span of a few years, cryptocurrencies have grown from digital novelties to trillion-dollar technologies with the potential to disrupt the global financial system.
This guide is an opportunity for you to learn what you need to know about Digital Currencies in order to make educated decisions.
Global financial systems are moving closer to a cashless future, where money (in the form of coins or notes) is replaced with digital currency such as Bitcoin.
Bitcoin and many other cryptocurrencies are increasingly held as investments, and they are used to buy everything from software to real estate.
Central banks around the world, including The U.S. Federal Reserve, are considering introducing their own digital currencies to compete with the crypto boom.
Dozens of countries—together representing more than 90 percent of the global economy—are exploring Digital currencies.
Swarms of digital day-traders have become a force on Wall Street. PayPal has 392 millions users, a sign that America is catching up with China’s digital-payments giants.
With all this behind the scenes action, it seems inevitable that in the coming years state digital currencies will become widely available to ordinary citizens.
But before you dive into the digital currencies’ and cryptocurrency markets, you need to educate yourself on them, learn the terminology, the risks, and ways to ensure your assets at the same time that you learn how to get the best value for your money.
Here’s what you’ll find out:
The nature, working benefits and risks of Digital Currencies
The types of Digital Currencies present around the world.
What is blockchain technology and how does it work?
How does cryptocurrency trading work?
How Central Bank Digital Currencies (CBDCs) Work
How many types of crypto coins are available in the market?
Understanding the fundamentals of digital wallets
The process of purchasing cryptocurrency.
Which are the best places/exchanges to buy Bitcoin?
Common mistakes new crypto investors make and how to avoid them.
Legal risks associated with Crypto currency
Cryptocurrency regulations in operation around the world
And so much more!
If you’re not convinced yet, feed on this:
Already 20% of 66 central banks reported that they are likely to issue a CBDC within the next six years.
The overall market cap of cryptocurrencies hit $3.3 trillion in November, according to CoinGecko pricing.
Bitcoin had a market capitalization of $1072.21 billion as of February 21st, 2021.
The user index for 2021 shows a 97% confidence in cryptocurrencies.
Cryptocurrency exchanges around the globe exceeded 300 as of 2020.
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Natalie Dzepina is a veteran copywriter who worked in marketing for over 20 years for large corporations. Her curious mind brought her to discover the world of cryptocurrencies, NFTs and the metaverses in the past few years. She wants to share her knowledge with the world so readers can make educated decisions.