makeeezy

How to buy crypto? (Exchange vs Wallet)

Day 5 with makeeezy! Learned how to buy stocks, now how to buy crypto?

The process is similar, but the risks are different.

1. Centralized Exchanges (CEX):

In India, there are apps like CoinDCX, WazirX, or the international Binance app. Here, you can deposit INR and withdraw Bitcoin/crypto. (KYC is required).

2. Safety Rule:

There's a saying in the crypto world: "Not Your Keys, Not Your Coins."

If the exchange gets hacked, the money is gone. Therefore, large investors keep their crypto in private wallets (like MetaMask or a hardware wallet) where only they have the password.

Start small, stay safe.

#makeeezy #CryptoSafety #BitcoinIndia #CryptoExchange #InvestSmart

> Disclaimer: Crypto markets are volatile. Invest only what you can afford to lose. This is not financial advice.

Day 3: What is Crypto? (Magic Internet Money?)

Welcome to Day 3 of the makeeezy investing series!

Today's topic is a bit exciting: Cryptocurrency.
Many people consider it "gambling", but actually it is technology.

Crypto is a digital currency that is not controlled by any government (RBI) or bank. It runs on blockchain technology.

Imagine a digital ledger that everyone has access to, and no one can delete or cheat it. That's the blockchain.

* Bitcoin (BTC): Digital Gold. Store of value.
* Altcoins: Other coins like Ethereum, Solana which are used to build new apps.
This is highly risky, but it is also future technology.

#makeeezy #Blockchain #Web3 #CryptoBasics #BinanceFeed $BTC $ETH $BNB

> Disclaimer: Crypto products are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. DYOR (Do Your Own Research).