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"Hey, can someone explain what Bitcoin actually is?"
📌 Crypto FAQ (Base Knowledge)1. What is Bitcoin?Bitcoin is the first decentralized digital currency, launched in 2009, enabling peer-to-peer transactions without intermediaries.2. How do I store my crypto safely?The safest way is using a hardware wallet (Ledger, Trezor). Software wallets are fine but less secure.3. What is a blockchain?Blockchain is a distributed ledger technology where transactions are recorded in blocks, linked chronologically, and secured with cryptography.4. What are altcoins?Altcoins are any cryptocurrencies other than Bitcoin, like Ethereum, Solana, or Cardano.5. What is staking?Staking means locking your coins in a proof-of-stake blockchain to help validate transactions and earn rewards.6. What is mining?Mining is the process of using computing power to validate transactions on proof-of-work blockchains and earn crypto rewards.7. How can I buy crypto?You can buy crypto on exchanges like Binance, Coinbase, or Kraken using fiat money (USD, EUR, etc.).8. What are stablecoins?Stablecoins are cryptocurrencies pegged to stable assets like USD (e.g., USDT, USDC, DAI) to reduce volatility.9. What is a crypto wallet address?It's a unique string of characters that represents where your crypto is stored and where others can send funds.10. What are NFTs?NFTs (Non-Fungible Tokens) are unique digital assets stored on a blockchain, often used for art, music, and collectibles.
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