5 Words Every Crypto Beginner Needs To Know + Electroneum Giveaway!steemCreated with Sketch.

in #crypto7 years ago


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!


▶️ DTube
▶️ IPFS
Sort:  

Hello @flinty94, upv0t3
This is a free service for new steemit users, to support them and motivate them to continue generating valuable content for the community.
<3 This is a heart, or an ice cream, you choose.

:)


R4ND0M:
6349 1188 1908 3064
2887 1771 5357 3246
2263 4720 6871 5945
2324 3069 8963 5301

Congratulations @flinty94! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @flinty94! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.27
TRX 0.26
JST 0.039
BTC 94440.60
ETH 3340.80
USDT 1.00
SBD 3.43