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CRYPTOCURRENCY: A Basic
How-To Guide (By SimoTheFinlandized /
Paul P. - 2024 AD):
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Cryptocurrency is a digital or virtual
currency that uses cryptography
for secure transactions. It operates
on a decentralized network, rather
than being controlled by a central
authority, meaning that it is not
subject to government intervention.
To make money in cryptocurrency,
you can buy and sell digital assets on
cryptocurrency exchanges or through
direct peer-to-peer transactions.
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You will need to have
a cryptocurrency wallet like
WallETH or Electrum set up;
transfer a small amount of
money onto it now and learn
how to use it. For better security,
utilize a hardware wallet
like the TREZOR. You can also
use the TREZOR (including the
new model T) together with
WallETH on your phone. If
you are concerned about
the volatility of cryptocurrencies,
you may want to research
stable coins like Ethereum
and DAI.
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You can then utilize cloud-mining
apps such as GoMining to mine
cryptocurrency using your phone.
Just pay a small fee to set up a basic
virtual mining rig, connect it to your
crypto-wallet, and let it run in the
background of your phone (it will keep
working indefinitely, even if your
phone is off). You can upgrade
these virtual-mining rigs to earn you
significantly more Bitcoin
as time goes on if you wish,
but never invest more than you're
willing to lose. Alternatively, you
can use certain geomining apps
like COIN to mine cryptocurrency
by playing games, doing surveys,
doing mental and physical exercise
via various methods, and more, if
you want.
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However, please note that
cryptocurrency is a highly volatile
and risky investment and past
performance is not a guarantee of
future results. It is Important to
do your own research and seek
the advice of a financial or legal
professional before investing in
cryptocurrency.
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