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Author: Admin | 2025-04-28
Ruby Layram 1st Nov 2024 Getting started in crypto can seem like entering a completely different world. From navigating blockchain technology to understanding altcoins, the crypto market certainly comes with a lot of new things to wrap your head around. To assist the process of investing in crypto, we wanted to share a complete guide for beginners on getting started in crypto. Despite popular belief, getting started in cryptocurrency is not too different from getting started in the stock market! In fact, it is possible to get started using your mobile phone with less than £10. In this guide, we will explore what cryptocurrency is, what investors need to get started and how to invest in crypto today.What is Crypto?In simple terms, cryptocurrency (or ‘crypto’) is a digital currency that is built on blockchain technology. This means that the currency is not owned or controlled by any third-party entity. Instead, the value of crypto is determined primarily by supply and demand (a bit like gold!).Cryptocurrency relies on cryptography (a fancy word for coding) to protect its transactions. Unlike fiat money—dollars, pounds, or euros—cryptocurrency doesn’t come in the form of physical notes or coins. You won’t find it in your wallet or purse, and there’s no bank or government issuing it. It exists entirely online!Cryptocurrency allows people to send money to one another, buy things, or invest without needing to get traditional banks involved. This is particularly appealing in developing countries where inflation is at an all-time high. It also gives
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