For all Newbies Useful Information before entering cryptocurrencies.

[dvndr007]

Cryptocurrencies

Digital currencies in which transactions are verified & record’s are maintained in blockchain using strong cryptography.

Blockchain

In Blockchain, blocks are records linked together.
Each block contains a cryptographic hash of the previous block &  a timestamp and transaction data.

Bitcoin

Bitcoin (BTC) is a decentralized digital currency.
Bitcoin first started trading from around $0.0008 to $0.08 per coin.

Altcoin's

Altcoins are coins created after bitcoin by integrating extra feature’s.

How to get in cryptocurrency?

Crypto exchange’s are the best way to get in cryptocurrencies.
Always try with small amount until you learn, if all goes well then enter full amount you want to invest.

Wallet's

Hardware wallet’s are most secure crypto wallet on planet Ledger and Trezor are most popular hardware wallets.
To make hardware wallets more secure, you can have two hardware wallets using a multisig setup to create 2-of-2 on both hardware wallets [Charles-Tim]
Software wallet’s are another secure wallets.
Most useful wallets are web3 wallet’s e.g Metamask wallet (install them in your browser extension & pin it)  User friendly and super easy to transact and have inbuilt swaps between currencies.

Metamask

Metamask support’s ethereum as well many compatible chains (custom add other networks) .
Please visit metamask.io for complete information about how to use metamask & features.
Beware: They are most vulnerable to cyber attacks always use extra security to protect them.
Note: Tokens can be kept on any ethereum address or compatible chains on all wallets, except exchanges where token is not listed.
|Never send token to any exchange until token is listed on it|

Kind Regard's
Ref.- https://worthcoin.org

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[nakamura12]

Want to know more useful information for newbies before entering cryptocurrencies?. Fear not. Many forum users share what they found or what they know to keep ones important files, recovery phrase, private key and many more. After that, a forum user named Ratimov compiled all the useful information either it is a guide, tips and other topics in one thread. You could check it now. Wallet security is also in there. Have fun learning.

Beginners & Help Encyclopedia

[witcher_sense]

Bitcoin
Bitcoin (BTC) is a decentralized digital currency.
Bitcoin first started trading from around $0.0008 to $0.08 per coin.

Bitcoin is not only a decentralized digital currency but also it is a protocol for transferring value. Strictly speaking, there are no any "coins" that are moving inside the blockchain, what is moving there are ownerships over particular UTXOs (unspent transaction outputs). It can be thought of as a transfer of rights for property.

Altcoin's

Altcoins are coins created after bitcoin by integrating extra feature’s.

No and no, you get it all wrong. Altcoins may be adding some features bitcoin doesn't have or rather doesn't need to have BUT altcoins DO NOT have features Bitcoin has (for example, fixed supply and decentralization) so altcoins' features are not "extra", they are different at best.

How to get in cryptocurrency?

Crypto exchange’s are the best way to get in cryptocurrencies.
Always try with small amount until you learn, if all goes well then enter full amount you want to invest.

Centralized exchanges are arguably the worst way to get into cryptocurrency, especially if they require users to undergo KYC procedures. The best way, in my view, is to ask your knowledgeable friend whom you trust to explain to you how it works, also ask him to send you some coin to try it out.

[cryptoaddictchie]

Note: Tokens can be kept on any ethereum address or compatible chains on all wallets, except exchanges where token is not listed.
|Never send token to any exchange until token is not listed on it

Yes this is common sense actually. You can't store a token on suhc exchange where they aren't supported. But in the case of L1 like some of most chain, as lonh the token is deployed already you can just get the contract address and import it on your wallet regardless of chain it is supported then you can already store it there. Cex also store it as long as they have that deposit for that particular tokens.

[Charles-Tim]

Crypto exchange’s are the best way to get in cryptocurrencies.

But if not ones key, it is not ones coin. That is why it is best to send the coin from centralized exchanges into noncustododial wallet which the person has the keys to be able to have full control.

Hardware wallet’s are most secure crypto wallet on planet Ledger and Trezor are most popular hardware wallets.

Yes, to make it more secure, having like two hardware wallets and using a multisig setup to create 2-of-2 on both hardware wallets.

Software wallet’s are another secure wallets.

Having it as a multisig setup also make it safer and more secure..

Most useful wallets are web3 wallet’s e.g Metamask wallet (install them in your browser extension & pin it)  User friendly and super easy to transact and have inbuilt swaps between currencies.

They are also the most vulnerable to cyber attacks.

Metamask support’s both ethereum as well many compatible chains (custom add other networks) .

Aside ethereum, which other chains? Not supporting BSC or BEP20.

Never send token to any exchange until token is not listed on it

This should be a mistake. Never send token to any exchange until token is not listed on it. Also make sure you are sending to the right blockchain. For example, if an exchange is supporting Coin A (ERC20), ERC20 tokens have the same address with BSC, if the exchange is not supporting BSC, never send your BSC token to the exchange, this is a common mistake of some beginners.

[lovesmayfamilis]

Hardware wallet’s are most secure crypto wallet on planet Ledger and Trezor are most popular hardware wallets.
Software wallet’s are another secure wallets.
Most useful wallets are web3 wallet’s e.g Metamask wallet (install them in your browser extension & pin it)  User friendly and super easy to transact and have inbuilt swaps between currencies.

Metamask

Metamask support’s both ethereum as well many compatible chains (custom add other networks) .
Please visit metamask.io for complete information about how to use metamask & features.
Note: Tokens can be kept on any ethereum address or compatible chains on all wallets, except exchanges where token is not listed.
|Never send token to any exchange until token is not listed on it|
]

It is strange to see such a broad post, which has not entirely correct information.
I've checked your account, and I'm giving you a chance to confess that the text was copied. You must add a link to the source.
Registered in 2016, if you are the original owner, you should understand that plagiarism is severely prosecuted and condemned on the forum.
If you don't come back and add a link, I'm just sure your account will be permanently banned.



https://worthcoin.org/newbie/

[dvndr007]

Hardware wallet’s are most secure crypto wallet on planet Ledger and Trezor are most popular hardware wallets.
Software wallet’s are another secure wallets.
Most useful wallets are web3 wallet’s e.g Metamask wallet (install them in your browser extension & pin it)  User friendly and super easy to transact and have inbuilt swaps between currencies.

Metamask

Metamask support’s both ethereum as well many compatible chains (custom add other networks) .
Please visit metamask.io for complete information about how to use metamask & features.
Note: Tokens can be kept on any ethereum address or compatible chains on all wallets, except exchanges where token is not listed.
|Never send token to any exchange until token is not listed on it|
]

It is strange to see such a broad post, which has not entirely correct information.
I've checked your account, and I'm giving you a chance to confess that the text was copied. You must add a link to the source.
Registered in 2016, if you are the original owner, you should understand that plagiarism is severely prosecuted and condemned on the forum.
If you don't come back and add a link, I'm just sure your account will be permanently banned.



https://worthcoin.org/newbie/

That's not completely copy pasted I take content from here and edited it this is best I found for newbies where is problem in sharing it?
Just because of providing right information to newbies you are banning my account ?
If you are a moderator here kindly let me know we will talk about this issue in detail and sort it out ?

[lovesmayfamilis]

That's not completely copy pasted I take content from here and edited it this is best I found for newbies where is problem in sharing it?
Just because of providing right information to newbies you are banning my account ?
If you are a moderator here kindly let me know we will talk about this issue in detail and sort it out ?

My friendly advice to you is to learn the rules of the forum.

33. Posting plagiarized content is not allowed.[e]

You still do not understand that any sentence you copied, taken from the Internet, can adversely affect your presence here.
I see your tone, and I am not surprised that instead of the usual "thank you" I meet aggression.
Well, time will tell who is right, but for now, all your posts are taken under a large magnifying glass.
And yes, your post is not informative enough, read everything that the people above corrected you about.
Therefore, to hunt for merits, you need to have the correct information, only, in this case, you will be able to "equate" yourself with the people who write high-quality content here.

[dvndr007]

That's not completely copy pasted I take content from here and edited it this is best I found for newbies where is problem in sharing it?
Just because of providing right information to newbies you are banning my account ?
If you are a moderator here kindly let me know we will talk about this issue in detail and sort it out ?

My friendly advice to you is to learn the rules of the forum.

33. Posting plagiarized content is not allowed.[e]

You still do not understand that any sentence you copied, taken from the Internet, can adversely affect your presence here.
I see your tone, and I am not surprised that instead of the usual "thank you" I meet aggression.
Well, time will tell who is right, but for now, all your posts are taken under a large magnifying glass.
And yes, your post is not informative enough, read everything that the people above corrected you about.
Therefore, to hunt for merits, you need to have the correct information, only, in this case, you will be able to "equate" yourself with the people who write high-quality content here.

First, I want to let you know content is not plagiarised I am most reputed person here in cryptocurrencies, your post is like some kind of threatening post about banning and all. you can't find any other post I edited bcoz I can't provide all this useful content with my brain.

with due respect I want to suggest you, kindly pm members before posting like this, there is no problem if you suggest someone wrong in posts I will delete it or edit it or create millions more to help crypto space this is not a big deal but threatening just bcoz of a post is disrespectful, my account you said is of 2016 which shows I am old here, you should pm first if I refuse, then you should take action ok leave cheerup.

Anything else you want to discuss you're most welcome let make it fruitful everyone work according to their way we are here to help each other we should not go hyper in doing so.
 

[lovesmayfamilis]

First, I want to let you know content is not plagiarised I am most reputed person here in cryptocurrencies, your post is like some kind of threatening post about banning and all. you can't find any other post I edited bcoz I can't provide all this useful content with my brain.
 

Let me save this post. Maybe one day I can make money by bragging that I argued with the most famous person in cryptocurrency .
Buddy, I don't owe you anything. There are no threats from me, do not exaggerate your importance to me.

[dvndr007]

Let me save this post. Maybe one day I can make money by bragging that I argued with the most famous person in cryptocurrency .
Buddy, I don't owe you anything. There are no threats from me, do not exaggerate your importance to me.

You are most welcome but dont forget to share 50% of it if you succeed.

Thankyou for your kindness.