The Basics

Crypto fundamentals for newcomers — wallets, exchanges, scams.

• How does someone avoid a scam?

  Be skeptical of unsolicited messages or offers. If it sounds too good to be true, it probably is. * Verify sources before clicking links or sending funds

• What are the benefits of decentralization?

  Decentralization offers key benefits: It enhances security by eliminating single points of failure, making the system more resistant to hacks, censorsh

• What is KYC?

  KYC stands for "Know Your Customer." It is a process used primarily in the financial services industry to verify the identity of clients. This process helps in

• What is P2P currency?

  A P2P (peer-to-peer) currency is a decentralized digital asset that allows direct transactions between individuals without intermediaries. It’s trustless, mean

• What is Proof of Stake?

  Proof of Stake (PoS) is a consensus mechanism used in blockchain technology to validate transactions and create new blocks. It’s an alternative to the more

• What is TradFi? Is it crypto?

  "TradFi" is a shorthand term for "Traditional Finance." No, TradFi isn’t crypto. Traditional Finance (TradFi) is the opposite of the crypto world—it’s the esta

• What is decentralization?

  Crypto decentralization refers to the distribution of control, authority, and operations across a network of participants rather than relying on a single centr

• What is the difference between centralized and decentralized cryptocurrencies?

  Centralized and decentralized cryptocurrencies differ fundamentally in their structure, control, and operation. Centralized cryptocurrencies prioritize efficie