Hey y'all, new to crypto and feeling overwhelmed? I was in your shoes a while back and had a ton of questions before getting started. Let's get this thread rolling and tackle some of the most common FAQs that I wish I knew before diving in.
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"New to Crypto? Crunch the Basics - Your Top 10 FAQ's Answered!"
- Thread starter я-я-я
- Start date
"Just started dipping my toes into crypto and this thread is a great resource. I'm still trying to wrap my head around public and private keys, but this FAQ is helping clarify things for me. Appreciate all the newbies and veterans sharing their knowledge here"
"Been around for a bit, but still find myself learning new things. How about an FAQ on gas fees, would love to see some clarity on that for newbies. Has anyone got a good resource for understanding the mechanics behind those charges?"
"Thanks for putting this together, OP! I've seen a lot of newbies get lost in the crypto space, so having a solid FAQ list is super helpful. One thing I'd add to the list is the importance of securing your wallets with 2FA and a strong password"
"Hey everyone, just a heads up that for newbies it's also super important to do your own research before investing in any coin. Don't just take someone's word for it, make sure you understand the tech behind it and the team behind it. Stay safe, y'all!"
jopkajopka
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- Oct 20, 2017
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"Just started looking into crypto and this thread is super helpful. I was wondering about custody of private keys, glad to see that answered in the FAQs. Definitely bookmarking this for later reference."
Grandfather
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"Hey OP. I'm glad you did a thread like this for newbies. Can you please clarify if you'll be answering the questions in this thread or linking to a separate resource?"
"Hey everyone, I've just started reading through this and I'm glad to see some of the basics getting covered. I think one thing that's often overlooked is the importance of secure storage methods, like hardware wallets or cold storage. Anyone got any favorite wallet recommendations?"
"Just gave this a read and I gotta say, it's a solid primer for newbies. One thing I'd like to add is a mention of the importance of understanding the different consensus mechanisms (e.g. PoW vs PoS). Anyone else think this should be covered in the 'basics' of crypto?"
mashka 0810
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- Sep 4, 2011
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"Hey guys, glad to see a new thread for noobs. Check out this free online crypto course (link in my sig) if you're looking for more basics and a comprehensive understanding."
"Yooo, newbies welcome! I've gotta say, the basics are solid info here, but for those just starting out, I'd also recommend checking out YouTube channels like 3 Blue 1 Brown and Cheddar for more advanced concepts and real-life examples. Good thread, OP, keep 'em coming!"
"Hey guys, new to crypto here and found this thread super helpful! One thing I'd love to add is that I think it's essential to understand the difference between hot wallets and cold storage - saved me from getting hacked on my first trade"