Learn virtual currency from scratch

For people like me who are exposed to virtual currency for the first time, searching for keywords on the Internet should be the first thing most people do. Usually, relevant information can be quickly collected, but as I said in the previous article, it is mostly superficial. The concept of virtual currency only briefly mentions blockchain technology, the emergence of Bitcoin, and the risk of simple virtual currency, while many articles emphasize the account opening and deposit teaching of exchanges, which made me still ignorant after reading all day. At most, the Binance exchange is opened, and I transfer some money to buy the BUSD stablecoin first. Then I am really not sure how to start.

Fortunately, I stumbled across a link to " Binance Academy " at the bottom of the Binance page .

There are all kinds of articles about virtual currency, you can read according to the topics you are interested in, and he also has three levels: beginner, intermediate and advanced, so that you can choose suitable articles to study according to your understanding. .

Getting Started

At the beginning, of course, it is the most basic entry, but I have already registered and deposited money, so I will start with the financial management guide

It regulates almost all financial management methods of Binance Exchange, so that some people who are afraid of trading losses can have options other than buying and selling currencies , or people who do not want to trade in the short term, can keep funds running . The general introduction includes current, regular, pledge and even mining, etc. If you do not consider the fluctuation of the currency itself or simply choose stable coins, the annualized rate of return is really amazing , and some are even much higher than the return you get from depositing shares. In addition, , if you want to know more deeply, he has links in nouns, which can definitely improve your knowledge step by step.

 Binance’s text summary:
Not interested in trading but want to increase your cryptocurrency holdings? Isn't the 0.05% annual yield offered by bank savings accounts attractive enough? Then you can definitely find some satisfactory products in Binance Finance.

Currency Design Ideas

Then I will study other fields according to my interests. For example, I will refer to "What is ICO (Initial Coin Offering)" and "What is BNB" to try to understand the issuance of virtual currency and the original design concept , and then speculate on the currency potential value and possible investment risks.

cryptocurrency wallet

"Introduction to Cryptocurrency Wallets" This type of article about currency storage security is also worth noting. I think that no matter which trading platform it is, the protection measures in currency security are very important . Virtual currency is not like the flow of funds in banks because it is not traceable . If you are hacked, it will be difficult to track and investigate . At this time, you need to understand the differences and functions of hot and cold wallets. Even if you don’t use these wallets in the end, at least when you really need them one day, you can have an idea and concept. .

Fundamentals of Virtual Currency

I thought that virtual currency had no fundamentals to analyze. Binance Academy immediately jumped out of the "Guide to the Fundamental Analysis of Cryptocurrency". In fact, there are quite a few indicators to refer to, but here I accidentally discovered the biggest difference between virtual currency and stocks. The face will fluctuate . As the financial report of each quarter is released, financial analysts will estimate the market value of the stock and predict the future possibility of the company. The virtual currency is different. As the speed of mining slows down and rare things are more expensive, the price will soar, or people will realize its hidden value.

There are too many articles worth learning in Binance Academy, which are suitable for beginners and veterans to study together. I just list a few chapters that I have read and share them with newcomers who want to enter the currency circle. If you have any recommendations The articles can be shared with me so that I can learn.