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How to Research a Cryptocurrency Before Investing

Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. It is a peer-to-peer system that can enable anyone, anywhere, to send and receive payments. Instead of physical money being carried and exchanged in the real world, cryptocurrency payments exist solely as digital entries in an online database describing specific

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Examples of bad investments, e.g. Meme coins

In 2021, the market for so-called “Meme coins” experienced exponential growth, particularly dog-themed “meme” coins. Since November 2021, two of the most popular breeds of “meme coins” have been DOGE and its competitor Shiba Inu (SHIB). Meme coins are essentially cryptocurrencies inspired by memes. Compared to major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH),

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Yield Farming

Decentralized Finance (DeFi) is at the forefront of blockchain innovation. What makes DeFi applications unique? You don’t need any permission to use them, which means that anyone (or anything, such as a smart contract) with an internet connection and a supported wallet can “interact” with them. Additionally, they typically don’t require a trusted third party

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Lending platforms (lending and borrowing)

Cryptocurrencies have been experiencing growing popularity and widespread adoption since 2019, both in the United States and around the world. Last November, the global market capitalization of cryptocurrencies exceeded 3 trillion US dollars. Approximately 17 percent of Americans have already invested in, are investing in, or regularly trade cryptocurrencies. These 17 percent amount to approximately

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How to get money in euros without actually selling cryptocurrency?

Before we deal with the various ways of earning in the crypto world, we need to learn what cryptocurrencies actually are, how they work, and how they are created. A cryptocurrency, or crypto for short, is a digital asset that can circulate without the need for a central monetary authority, such as a government or

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Costs of selling and buying cryptocurrencies

Cryptocurrencies are digital or virtual currencies that are protected by cryptography, making them nearly impossible to counterfeit or double-spend. Cryptocurrencies are decentralized networks based on blockchain technology. The main characteristic of cryptocurrencies is that they are generally not issued by any central authority, making them theoretically immune to government interference and manipulation. Key characteristics of

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How to use Binance?

Binance is the largest cryptocurrency exchange by daily cryptocurrency trading volume. This crypto exchange was founded in 2017 and is registered in the Cayman Islands. The company was forced to leave China in September 2017 after the Chinese government banned cryptocurrency trading. Since then, it has had offices in Japan, Taiwan, and Malta. Binance is

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