Beginner Guide to Binance

Welcome to Crypto

We’re on a mission to educate the masses on the transformative potential of cryptocurrency and blockchain technology. On this website, you’ll find over 446 articles covering everything from computer security to economics. Oh, and they’re in 30 different languages.

We know it can be a little daunting when you’re new. This guide is here to gently introduce you to some of the key concepts you need to kick-start your journey into the world of blockchain tech.

Without further ado, let’s dive down the rabbit hole.

What’s a cryptocurrency?

A cryptocurrency is just like a digital form of cash. You can use it to pay friends for your share of the bar tab, buy that new pair of socks you’ve been eyeing up 👀, or book flights ✈️ and hotels 🏨 for your next holiday. Because cryptocurrency is digital, it can also be sent to friends and family anywhere in the world.

Just like PayPal or bank transfers, right?
Well, not really. It’s way more interesting!

You see, traditional online payment gateways are owned by organizations. They hold your money for you, and you need to ask them to transfer it on your behalf when you want to spend it.

In cryptocurrencies, there isn’t an organization. You, your friends, and thousands of others can act as your own banks by running free software. Your computer connects with other people’s computers, meaning you communicate directly – no middlemen required!

To use cryptocurrency, you don’t need to sign up for a website with an email address and password. You can download a wide variety of apps onto your smartphone to begin sending and receiving within minutes.

Why do they call it cryptocurrency?

The name cryptocurrency is a combination of cryptography and currency. With cryptography, we use advanced math to secure our funds, making sure that nobody else can spend them.

There’s no need to understand all this – applications you use will do all the heavy lifting. You won’t even know what’s going on under the hood.

Who invented Bitcoin?

Amazingly, nobody knows who invented Bitcoin. We only know them by their screen name – Satoshi Nakamoto. Satoshi could be a single person, a group of programmers, or if you believe some of the weirder theories, a time-traveling alien or secret government team.

Satoshi published a 9-page document in 2008, detailing how the Bitcoin system worked. Months later, in 2009, the software itself was released.

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