Welcome to our beginner's guide to cryptocurrency! In this video, we'll cover the basics of what cryptocurrency is, how it works, and why it's become such a popular topic in recent years.
Firstly, let's define what cryptocurrency is. Essentially, it's a digital asset that uses cryptography to secure transactions and to control the creation of new units. Unlike traditional currencies, such as Dollars or Euros, cryptocurrencies are decentralized and operate on a peer-to-peer network. This means that transactions can take place without the need for a central authority, like a bank or government.
To buy and sell cryptocurrencies, you'll need to use a cryptocurrency exchange, which is a platform that facilitates the buying and selling of different cryptocurrencies. It's essential to do your research and choose a reputable exchange to ensure that your transactions are secure.
#crypto #cruptocurrency #cryptoexchange #buycryptocurrency
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⏰ Time Stamps:
00:00 - Intro
00:58 - Meet Analiz
02:33 - What is Bitcoin?
05:30 - Binance
07:58 - Kraken
09:30 - Decentralized Vs Centralized
18:56 - Coinbase
21:02 - KuCoin
25:40 - NEXO
26:40 - Outro
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