Crypto 101: A Simple Guide to Bitcoin, Wallets & Exchanges
What is Bitcoin?
Bitcoin (BTC) is digital money that isn’t controlled by banks or governments. It’s secure, limited (only 21 million BTC will ever exist), and can be sent anywhere in the world quickly and cheaply. People use it as digital gold, an investment, or for online transactions.
How to Store Bitcoin: Wallets
A crypto wallet is like a digital bank account for your Bitcoin.
🔹 Hot Wallets (Online) – Easy to use but connected to the internet.
📲 Examples: Trust Wallet, Coinbase Wallet
🔹 Cold Wallets (Offline) – Safer because they’re not online.
💾 Examples: Ledger Nano, Trezor
💡 Tip: Never share your private key or seed phrase—this is like your PIN code!
Where to Buy Bitcoin: Exchanges
A crypto exchange is like a marketplace for buying and selling Bitcoin.
✔ Easy to Use (Centralized Exchanges – CEXs)
👉 Binance, Coinbase, Kraken
✔ More Control (Decentralized Exchanges – DEXs)
👉 Uniswap, PancakeSwap (for advanced users)
💡 Steps to Buy Bitcoin:
1️⃣ Create an account on an exchange
2️⃣ Verify your identity (if required)
3️⃣ Deposit money (bank transfer, credit card, or crypto)
4️⃣ Buy Bitcoin and transfer it to your wallet for safety
Staying Safe in Crypto
✅ Use strong passwords and enable 2FA (Two-Factor Authentication)
✅ Store long-term Bitcoin in a cold wallet
✅ Be careful of scams—double-check URLs and never send money to strangers
✅ Invest wisely—crypto prices can go up and down quickly
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