Brief History
Cryptocurrencies are not new, as a cryptographer called David Chaum was the first person to create virtual coins in 1983. He developed two systems, one called eCash and the other Digicash so that Americans could make economic transactions confidential. However, the first time the term "cryptocurrency" was coined was in 1998.
In 2009, Satoshi Nakamoto a person or group of people, created the first cryptocurrency, Bitcoin. The intention of cryptocurrencies was to create a new way of payment that could be used internationally, decentralized and without having any financial institution behind it.
Research
At the moment, there are over 10,000 cryptocurrencies and over 1300 tokens that people can purchase or get in other ways, because lots of people can learn how to create their own currency and put it onto the blockchain network. Some create coins for different things and others create them for a meme or a joke, for example Dogecoin was supposed to be a joke coin but has gained popularity from companies and celebrities.
Cryptocurrencies can be sorted into different categories, as each have their own use or role that they play. Payment focused coins are used to buy digital or physical products online, examples are Bitcoin, Litecoin and Ethereum. Stable coins keep their value fixed on what is the current value, an example would be tether as this is valued against the dollar. Tokens are created to use for fun, make donations or to make a purchase for advertising on a website.
Now you will need to research which coins you want to collect, invest and earn to make money online. First, note down the coins you want to start your journey with and then find an exchange that allows these coins, meaning they have wallet addresses for them and that you can purchase or convert other coins.
Exchanges
You have decided on the coins and now need to find an exchange that has your coins, to make it more compact and secured, as they will also have wallet addresses. I recommend to seperate your crypto in different exchanges because they could get hacked and you would end up losing your coins, which we do not want happening. Each exchange have different fees for when transferring, buying or any other transactions that can happen. Here are a few well known exchanges that some users have different opinions on, as not all of them have been great on customer service.
👉 Coinbase 👉 Exodus 👉 Atomic Wallet 👉 Binance
These are only a few, as there are many more that others can recommend for you, all you have to do is ask their opinions and learn from others who have more experience. I also suggest to search on youtube for exchanges that are popular and have the best features, meaning keeping funds offline in cold storage, low fees and that their security is high.
Hope you have enjoyed reading this article. If you would like more programs or maybe ways to earn crypto without buying it, check out my list right here and also has my social media networks, stores and also if you want to make a donation or contribution: 👉 Programs for crypto
*Disclaimer*
Some of these are just my personal thoughts and you should only invest what you can afford, as you might lose your investment if research is not done properly. Some are helpful advice and if you want to join programs to earn free coins, you may visit my links on cryptocurrency to join exchanges and programs to further increase your portfolio.
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