How to Get Started With Crypto and Where to Learn More About It?
If you’re new to the world of cryptocurrencies and want to get off on the right foot, it’s necessary to find a reliable source that can teach you more about the topic.
Crypto education encompasses a comprehensive understanding of blockchain technology, cryptocurrencies, and their applications. It includes learning about blockchain basics, cryptocurrency wallets, trading strategies, decentralized finance (DeFi), non-fungible tokens (NFTs), smart contracts, legal frameworks, market dynamics, mining, emerging trends, and the connection between crypto and the metaverse.
Key components include engaging with communities, staying updated, and practicing responsible use. Overall, crypto education equips individuals to navigate the complex crypto landscape and make informed decisions.
For instance, crypto education is indeed crucial for understanding the role of the metaverse in crypto trading. The metaverse has its own economy, often relying on cryptocurrencies as a medium of exchange. Understanding how cryptocurrencies function within the metaverse can help better predict market trends and make strategic trading choices.
One can acquire crypto education through online courses, university programs, blogs, books, conferences, social media, academic journals, blockchain project whitepapers, cryptocurrency exchanges, online forums, local workshops, and meetups.
Still, remember to verify the credibility of the sources you use and stay updated with the latest developments, as crypto space is constantly evolving. Furthermore, tailor your learning approach to your preferred style, whether it’s through structured courses, self-study, interactive discussions, or a combination of these methods.
The good news is that there are hundreds of sources on the web covering crypto from top to bottom, but the bad news is that very few of them are good teaching resources.
In other words, some sources might not cover the topic of cryptocurrencies and related topics as thoroughly as a complete beginner might expect. Simply put, it’s a broad topic, and a specific approach to teaching it is required for the greatest effect.
We decided to show you some sources we consider helpful for anyone who wants to get started with crypto. Moreover, we’ll explain the two fundamental processes required to become a cryptocurrency owner — buying and storing cryptocurrencies.
Best Crypto Source for Beginners and Advanced Users
The main issue with crypto newbies is that they often have no clue what the big names in the industry are, so we decided to drop a name here. If you have at least some crypto knowledge, you’ve probably heard of Binance.
Binance was founded in 2017 as a cryptocurrency exchange platform and is currently considered the largest platform in terms of daily trading volume. It was founded by Changpeng Zhao and initially headquartered in China. However, after the Chinese government imposed unfavorable regulations on the exchange, it moved out of the country.
But we’re not interested in the exchange here. Instead, we wanted to focus on its sub-domain called Binance Academy, which is widely regarded as one of the best platforms for learning about cryptocurrencies, blockchain, trading, and more.
There are two reasons we consider Binance Academy the leading platform for learning about crypto.
First, it’s as comprehensive as it gets. Cryptos and trading are just part of a giant sphere that includes many other blockchain-related technologies and activities, and most of them are covered on Binance.
All lessons fall under one or more categories, and the available list of topics includes (but is not limited to):
- Altcoins
- Bitcoin
- Blockchain
- Consensus mechanisms
- Cryptography
- DeFi
- Economics
- Metaverse
- Mining
- NFT
- Privacy
- Security
- Trading
The list goes on. As you can see, all of these topics are related to crypto in some way and will give you in-depth knowledge about all things crypto. You can even filter lessons based on their reading time, difficulty, and topics. In short, apart from teaching crypto trading, the Academy will give you a comprehensive understanding that can help you with, say, investing.
For example, Qtum is a popular project that aims to improve the blockchain sphere. It uses the PoS consensus and leverages the security of UTXO. Once you gain enough knowledge, you’ll actually understand what that means.
The second reason we consider Binance Academy the best is the overall quality of its content. It’s written by crypto experts and delivered in such a way that even complete newcomers can understand it. Most importantly, there are innovative methods to get people to learn about crypto, such as the Earn Crypto by Learning About Blockchain initiative.
Other Useful Sources
Even though Binance Academy will give you all you need, it’s always wise to get a different perspective when learning about cryptocurrency. Therefore, make sure to check other resources.
If you prefer watching videos to reading, some YouTube channels might help you, as they focus solely on crypto education. There are plenty of great channels that give a unique perspective on cryptocurrencies and other related topics and can help you gain comprehensive knowledge. Many YouTubers who are professionals in the industry are willing to share useful insights via the popular platform.
Once you get into the crypto world, you’ll have to understand the bigger picture, meaning you’ll have to learn more about economics, finance, and investing. Investopedia is perhaps the most popular website covering all crypto and non-crypto-related terms to kickstart your cryptocurrency journey.
Be Careful With the Sources You Use
Not every source offers actual value. As you may already know, crypto has paved the way for many scammers to lure new and inexperienced cryptocurrency owners into giving them their money. Unless a crypto or blockchain lesson is part of a popular platform for learning, such as Udemy, check its safety carefully before making any transactions.
Also, you should understand that some sources might provide false information as part of their funnel to sell you a product or a service. There’s nothing wrong with using education to offer a service. After all, Binance does it. However, lying about the nature of cryptocurrencies is simply not fair play.
Final Thoughts: Where to Buy and Store Cryptocurrencies?
Now that we have presented some great sources, we cannot let you go without giving you a taste of the crypto world you chose to enter. Therefore, we decided to explain buying and storing crypto briefly.
When you buy crypto, your journey begins. If you have no cryptos, you’ll have to obtain your first digital currency using fiat money (dollars, euros, pounds, and so on). Many centralized cryptocurrency exchanges, including Binance, allow you to connect a payment method, such as your credit or debit card, PayPal, and others, after becoming a registered member.
Once your account is loaded with funds, follow the instructions to buy your first crypto. This is a relatively straightforward process, although crypto trading can become quite complex if you decide to trade your crypto further.
Alternatively, you can choose to withdraw your crypto from the exchange, and you need a crypto wallet for that. There are many crypto wallets out there. You need to make sure that the one you chose is secure and that it accepts the crypto you bought.
Make sure to read more about buying your first crypto and withdrawing to a wallet on Binance Academy or any other source you find relevant and helpful.
