Take Your First Step Into Crypto
StepIntoCrypto aims to provide a knowledge base to guide you through the process of stepping into crypto and adopting this new form of digital money to your daily life.
Start Your Journey
What Is Cryptocurrency
Neutral
Neutral means, it is your money and you should be able to use it how you see fit. A neutral system of money is unbiased, it should not care who the sender or the recipient is, what the purpose is and should only care about getting the transaction from ‘a’ to ‘b’. This is not a new concept and was already how the world worked for thousands of years up to the current finical system.
Public
Public is the idea that everything is verifiable on the network by everyone else — which means no one can cheat. All transactions are tracked on the blockchain, which is similar to a bank’s list of customer funds going in and out. Unlike banking, the blockchain is distributed to all users of the network open for inspection that can be as easy as running a software to know if a transaction has happened or not.
Censorship-resistance
Censorship-resistance means, if somebody wants me to stop sending money to someone — they can’t! The reason why, is that crypto-currencies like Bitcoin are decentralized meaning any two people can send Bitcoin to each other without the involvement of a bank, government or other third party. You now have the freedom to hold onto your wealth that no else controls and no one can take from you.
Open
Open means anyone with internet can access, participate or even contribute without authorisation, without anybody checking your ID or national card — simply open. Approximately 2.5 billion people across the world cannot access banking, why? Well because the current financial system excludes people based on their race, ethnicity, national origin, and other discriminatory criteria.
Borderless
Crypto-currencies have transformed money into information that has no physical form and does not exist in any one place. Instead money now exists everywhere, much like the internet it has no borders creating a truly international phenomenon. It doesn’t matter where you are, it doesn’t matter where you live or where you travel to, the blockchain is already there and available for you to access freely.
The 5 Pillars of Crypto.
Be your own bank!
For the first time in history we now have the financial freedom to be our own banks and in control of our own money.
Exchange
Learn How to use exchanges to convert from fiar money to crypto, crypto to fiat ans crypto to crypto
Coinbase
The Coinbase platform makes it easy to buy, use, and trade cryptocurrency also offering user-friendly apps on Android & iPhone as well as a visa debit card for spending your crypto.
Bittrex
If your focus is to conduct crypto-to-crypto trading, Bittrex is one of the best options. They provide you with impressive offerings along with a fairly low trading fee.
AtomicDEX
AtomicDEX allows you to easily swap between a range of cryptos. The platform is in early beta stages and currently suffers from low liquidity and very high fees for Bitcoin and Ethereum.
Bisq
You can trade between cryptos as well as fiat (£ $ €) but are required to make a security deposit, this is to create strong incentives for users to follow the rules.
Cryptocurrency Exchange
Centralized
A crypto exchange enables you to buy and sell cryptocurrencies. Centralized exchanges usually offer a faster and more convenient service however with a decentralized exchange, you always have full control over your crypto as there are no third-parties involved to facilitate transactions.
Cryptocurrency Exchanges
A crypto exchange enables you to buy and sell cryptocurrencies. Centralised exchanges usually offer a faster and more convenient service however with a decentralised exchange, you always have full control over your crypto as there are no third-parties involved to facilitate transactions.
Centralized
Coinbase
The Coinbase platform makes it easy to buy, use, and trade cryptocurrency also offering user-friendly apps on Android & iPhone as well as a visa debit card for spending your crypto.
Bittrex
If your focus is to conduct crypto-to-crypto trading, Bittrex is one of the best options. They provide you with impressive offerings along with a fairly low trading fee.
Decentralized
AtomicDEX
AtomicDEX allows you to easily swap between a range of cryptos. The platform is in early beta stages and currently suffers from low liquidity and very high fees for Bitcoin and Ethereum.
Bisq
You can trade between cryptos as well as fiat (£ $ €) but are required to make a security deposit, this is to create strong incentives for users to follow the rules.
WARNING
Please be aware, centralized exchanges have a long history of disappearing with people’s money, having millions of user funds stolen, declining withdrawals and suspending accounts. These risks apply to all centralized exchanges however some have very bad reputation including Binance, Bitfenex and HBTC just to name a few. When sending money to a centralized exchange you are giving them full control over your money with no guarantee you will ever get your money back. These companies are well known for SCAMMING people so only be willing to put money in a centralized exchange you are willing to lose. Developers around the world are volunteering their time and skills to provide us with functional decentralized exchanges as a trustless alternative such as AtomicDEX and more.
What Is The Safest Way To Store Crypto?
Trezor is a secure, well-known hardware wallet used and trusted by people around the world. This hardware wallet is a portable lightweight device that can easily be carried. The Trezor wallet was specifically created to store offline private data, providing full protection from hackers as far as comfortably using this device on an unsecured computer.
Trezor is like a bank in your pocket, offering different cryptocurrency options to send or receive from anywhere in the world with just a click of a button. It is affordable and comes in 2 different models, the latest version offering more advance features like a touch screen display but both equally secure (all their devices come in black and white).
Crypto learning
Introduction to bitcoin
Teacher: Nadrea antonioplos
Here is where you can learn more about bitcoin
How to use ladger wallet
Trainer: Bt session
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Classical Photography
Trainer: Barry Manillow
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