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I'm sure some of you are thinking about getting into crypto but find the terminology confusing. For a start I'd recommend having a look at https://hackernoon.com/a-beginners-guide-to-getting-started-with-cryptocurrencies-76027bebb1b1

Today we're just going to have a look at 5 simple crypto related words that are important to know.

1. Exchange

Simply put, an exchange is a website used for buying and selling crypto. Just do your research to make sure a certain exchange is right for you. Some of the most popular are: Coinbase, Bittrex and Binance

1. Address

When you make an online wallet you'll see a load of upper and lower case letters mixed in with numbers. This is your wallet address. Your main one is your public address and your private addresses shouldn't be given to anyone.

1. FIAT

FIAT is simply government issued money, Pounds, Dollars, Euro's etc.

1. FUD (Fear, uncertainty, doubt)

When someone is talking sh** about anything crypto related, it's called "spreading FUD", usually caused by people who are misinformed or deliberately by groups of people trying to drive the price of an altcoin down so they can buy cheap.

1. ICO (Initial coin offering)

ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum.

For my giveaway you'll need to make sure you have followed me on here and left a like, it will be greatly appreciated. If you haven't made an Electroneum wallet you can do so here https://my.electroneum.com/ then using your PUBLIC wallet address paste that into the comments section below along with a random number between 1 - 10,000. Next week I'll use a random number generator to pick a winner :D

Have a good week!

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