THE BEGINNERS GUIDE

AN
INTRODUCTION
TO
CRYPTOCURRENCY
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 INTRODUCTION

If you're new to the world of

cryptocurrency, you're probably
slightly confused about where to
begin.

We don't blame you...

 INTRODUCTION

Cryptocurrency can be very

confusing at first.

The good news? It gets much

easier.

So we decided to put this guide

together to answer all the
questions you'll be asking yourself
as a beginner.

Once completed, you will be able

to comfortably navigate the crypto
world safely and with clarity.
 INTRODUCTION

After completion you'll

understand the following:

How to safely store your

cryptocurrency
How to buy cryptocurrency
How to pick low-risk
cryptocurrencies to invest in
The brief history of
cryptocurrency
Common mistakes to avoid as a
beginner

So, lets get started...

 CONTENTS

CHAPTER 1 CHAPTER 2 CHAPTER 3

Brief History of Storing Your Signing Up at an
Cryptocurrency Cryptocurrency Exchange

CHAPTER 4 CHAPTER 5 BONUS CHAPTER

Picking Low-Risk How To Buy Mistakes To
Cryptocurrencies Cryptocurrency Avoid
 CHAPTER 1:
HISTORY OF CRYPTOCURRENCY

"Although cryptocurrency
has only recently seen
popularity, it is by no
means a new technology.
The idea was first
conceived in 1983".

The man behind the idea of an

anonymous electronic payment
system was an American
cryptographer named David
Chaum.
HISTORY OF CRYPTOCURRENCY

Chaum is widely considered to be

the 'Father' of cryptocurrency and a
pioneer in privacy-preserving
technologies.
HISTORY OF CRYPTOCURRENCY

Following 1983, the technology

was experimented with, although
there wasn't much need for it as
physical currency was still the
preferred payment method.

Then in 1995, the internet

revolution began, and the need for
electronic payment methods
grew.

Later that year, Chaum released

Digicash, the first form of
cryptographic electronic
payments.
HISTORY OF CRYPTOCURRENCY

But back then, only 1% of the

world's population had access to
the internet. The technology was
there, but 99% of the world still
used physical currency as their
primary payment method.

Fast forward to 2009, the internet

now has 1.8 billion regular users
and quickly growing.

This was when the first

decentralized cryptocurrency was
created by a developer claiming
to be named Satoshi Nakamoto.
HISTORY OF CRYPTOCURRENCY

Although nobody has officially

claimed ownership, the true
identity of the founder of Bitcoin
remains a mystery.

Since Bitcoin's creation in 2009, it

has widely become accepted
among consumers and businesses
with names like Paypal, Microsoft,
and Shopify, all accepting Bitcoin
as a payment form.

Today there are approximately 35

million Bitcoin users globally, a
number that is growing daily.
 CHAPTER 2:
STORING YOUR
CRYPTOCURRENCY
Knowing how to store
your cryptocurrency
safely is by far the most
important thing to
understand when
dealing with crypto.

To store your cryptocurrency

safely you'll need a
cryptocurrency storage device
known as a 'wallet'.

There are 2 types of wallets.

STORING YOUR CRYPTOCURRENCY

1. Hardware Wallets
Also known as 'Cold wallets' or
'Offline wallets.'

This is an offline physical hardware

device used to store your crypto
securely.
STORING YOUR CRYPTOCURRENCY

Pros
Considered the most secure
option as it's an offline wallet
Peace of mind having your crypto
in a physical form

Cons
Not ideal for quick transactions
Price, most cold wallets cost
around $100

We recommend using Ledger

Nano X this is currently the best
hardware wallet on the market.
STORING YOUR CRYPTOCURRENCY

2. Online Wallets
Also known as 'Hot wallets'

This is an online wallet, your

crypto is stored on an online
server or exchange.
STORING YOUR CRYPTOCURRENCY

Pros
Free to use
Easily trade and transfer crypto
Most crypto wallets and
exchanges have mobile apps
making it an extremely efficient
way to store your crypto

Cons
Being connected to the internet,
they are vulnerable to hacks and
server issues
STORING YOUR CRYPTOCURRENCY

The best online wallet for

beginners is Exodus. Its system is
very easy to set up and extremely
safe.

Alternatively, most exchanges will

hold and store your
cryptocurrency using their online
(hot wallet).
STORING YOUR CRYPTOCURRENCY

So should you use a hardware

wallet or an online wallet?

Both...

Think of your online wallet as a

spending account used for
everyday transactions.

Think of your cold wallet as a

savings account that you don't
access unless you have to.
STORING YOUR CRYPTOCURRENCY

For everyday usage and trading

purposes, use your online crypto
wallet (hot wallet). Once the
balance gets too high, transfer any
excess into your more secure
hardware wallet (offline wallet).

By doing this, you're able to

access your coins quickly and
efficiently while still keeping the
bulk of your cryptocurrency
securely offline.
 CHAPTER 3:
SIGNING UP AT AN EXCHANGE

The easiest and

most popular way
to buy & sell
cryptocurrency is by
using a crypto
exchange.

Choosing the right exchange is very

important when starting out.

The last thing you want as a

beginner is to be bombarded with
overly-complicated features and
tools.
SIGNING UP AT AN EXCHANGE

As you may know, there are

hundreds of exchanges on the
market, all claiming to be the best,
so how can you decide?

Luckily for you, we've spent years

using and testing many different
exchanges.

In our experience, the best

exchange for beginners is
Binance.
So why Binance?
SIGNING UP AT AN EXCHANGE

Binance is the largest

cryptocurrency exchange in the
world.

It's no coincidence that they also

have the best user-experience out
of any other exchange.

Binance is designed to be
extremely easy to navigate for
beginners.
SIGNING UP AT AN EXCHANGE

Key Features of Binance

Very easy for beginners

Demo mode to safely practice
cryptocurrency trading
Very low fees
Well developed mobile app
Binance academy (An academy
designed to educate users on
crypto)
High liquidity (stable prices)

As you can see, Binance has some

very beginner-friendly features.
SIGNING UP AT AN EXCHANGE

If for any reason, you'd prefer to

use a different exchange, we've
put together a list of other trusted
exchanges for you right here.

Now that you've chosen an

exchange.

Head to the exchange's website

and register for an account.

After verifying your email you will

need to complete an identity
check which usually only takes 5
minutes.
 SIGNING UP AT AN EXCHANGE

Step 1:
Sign in to your account, you will
then be greeted with the Binance
Dashboard.
Click on the person in the top right
corner, scroll down and click on
'Identification'
SIGNING UP AT AN EXCHANGE

Step 2:
You will then be taken to this page,
click on 'Verify'.
 SIGNING UP AT AN EXCHANGE

Step 3:
This page will open, select your
country. (ensure the selected
country is consistent with your
documents) then click 'Start'.
 SIGNING UP AT AN EXCHANGE

Step 4:
Enter your correct personal
information and click 'Continue'.
 SIGNING UP AT AN EXCHANGE

Step 5:
Almost done...
Your basic verification is now
complete, click on
'Go to advanced verification'.
SIGNING UP AT AN EXCHANGE

Step 6:
Upload a clear photo of the front
& back of your chosen ID
document and click 'Continue'.
SIGNING UP AT AN EXCHANGE

Step 7:
Upload a new portrait photo of
yourself to verify.
Once uploaded, click 'Submit &
Continue'.
SIGNING UP AT AN EXCHANGE

Step 8:
Complete facial recognition with
your computer camera.

If you don't have a camera on your

computer you can click 'Use
mobile phone', this will generate
a QR code for you to scan using
the Binance mobile app on your
phone.

Simply scan the code off your

computer using the Binance app.
SIGNING UP AT AN EXCHANGE

Once

Once you finish the facial

recognition test you will need to
wait for Binance to review your
request.
SIGNING UP AT AN EXCHANGE

This generally takes 1-2 hours but

can take up to 24 hours during
peak times.

Once you receive confirmation,

your account is now verified and
ready to start buying and selling
cryptocurrency!
 CHAPTER 4:
PICKING LOW-RISK
CRYPTOCURRENCIES
There are over 4000
cryptocurrencies in
the market and 10 of
them make up 90.1%
of the total crypto
market cap.

One of the biggest challenges

when starting out in crypto is
figuring out which cryptocurrencies
are worth investing in and which
cryptocurrencies you should stay
well away from.
PICKING LOW-RISK CRYPTOCURRENCIES

A recent study found that out of

4000 cryptocurrencies, just 10 of
them hold around 90% of the
overall market share. With Bitcoin
itself occupying almost 70%.

So what does this mean?

PICKING LOW-RISK CRYPTOCURRENCIES

Basically, the vast majority of

cryptocurrencies arent worth very
much and probably won't last long-
term.

This is very important to learn early

on in your crypto investing career
and will save you a lot of money
and disappointment.

So, to start off with, I highly

recommend sticking to the top 10
cryptocurrencies by market cap,
with the majority of your portfolio
weighted in the top 3.
PICKING LOW-RISK CRYPTOCURRENCIES

These are the least risky

cryptocurrencies that still provide a
great ROI.

Combine that with the data from

the 6-month price chart to
determine whether it's in an
uptrend or downtrend.

You can do this by going to

Tradingview.com and using the
search bar to find your
cryptocurrency.

Here's a few examples...

PICKING LOW-RISK CRYPTOCURRENCIES

This is the 6-month chart for Bitcoin.

As you can see it's been in an

uptrend over the last 6 months.

Bitcoins market share: 68.1%

6 month trend: Uptrend
Conclusion: Very low-risk
PICKING LOW-RISK CRYPTOCURRENCIES

Let's have a look at #2 by market

cap, Ethereum.

Ethereum's market share: 12.9%

6 month trend: Uptrend
Conclusion: Low-risk
PICKING LOW-RISK CRYPTOCURRENCIES

By conducting this quick and simple

analysis you can determine that
Bitcoin and Ethereum are low-risk
cryptocurrencies.

If the cryptocurrency is in the top 10

by market cap and is currently in an
uptrend when you check the 6-
month chart you can assume it is
currently a lower-risk
cryptocurrency.

As a beginner, it would be best to

trade low-risk cryptocurrencies
until you gain more experience.
 CHAPTER 5:
HOW TO BUY
CRYPTOCURRENCY
Buying
cryptocurrency used
to be a difficult
process, today it can
be done in a few
minutes.

Now that you have a crypto wallet,

have registered .at an exchange
and know how to pick low-risk
cryptocurrencies, its time to learn
how to buy them. Don't worry, its a
lot easier than you may think...
HOW TO BUY CRYPTOCURRENCY

Buying cryptocurrency with

Binance only takes a few minutes.

1. Head to the Binance Dashboard

(The page you see after signing in)

Then click on 'Buy Now'.

HOW TO BUY CRYPTOCURRENCY

You'll then be taken to this page.

2. Select your native currency

3. Select desired cryptocurrency
4. Click on 'New Card'
HOW TO BUY CRYPTOCURRENCY

5. Add your card details just as if

you would doing online shopping

6. Complete the 3DS safety

certification
7. Finally, click 'Buy X' to complete
the transaction
HOW TO BUY CRYPTOCURRENCY

Congratulations! You're now the

proud owner of cryptocurrency!

Your crypto is now being stored

on the exchanges 'Hot wallet'.
HOW TO BUY CRYPTOCURRENCY

It's safest to withdraw your crypto

to your private wallet instead of
leaving it on the exchange.

Step 1: Hover over 'Wallet' and

select 'Fiat and Spot' from the
menu
HOW TO BUY CRYPTOCURRENCY

Step 2: You'll be taken to your

exchange wallet, find the
cryptocurrency you want to
transfer, and click 'Withdraw'.
HOW TO BUY CRYPTOCURRENCY

Step 3: This process differs

depending on your chosen
wallet but the steps are very
similar.

Open your wallet application

Click on the cryptocurrency
you're withdrawing
Click 'Receive'
Generate your wallets crypto
address
Copy the address and head
back to the exchange
HOW TO BUY CRYPTOCURRENCY

Step 4: Paste your copied

wallet address into the box
below and initiate the
withdrawal.

Step 5: Wait 2-3 minutes for the

funds to appear in your
receiving wallet.
HOW TO BUY CRYPTOCURRENCY

Here are the links to detailed

guides of common wallets:

Ledger Nano X
Ledger Nano S
Trezor Model T
Trezor One
Exodus
 BONUS CHAPTER
COMMON BEGINNER MISTAKES

“Learn from the

mistakes of others.
You can't live long
enough to make
them all yourself.” -
Eleanor Roosevelt.

In this bonus chapter, I'll be

outlining a few common mistakes
beginner crypto investors make
along with some of my own
personal mishaps and how you
can avoid them.
COMMON BEGINNER MISTAKES

Emotional Decisions:
Making emotional decisions is one
of the most common mistakes
beginners make.

Always make educated decisions

based on probability and statistics.

Seeing that your crypto portfolio

has dropped by 10% in a day can
send your heart racing, your brain
will instantly start telling you to
sell. This is called panic-selling.
COMMON BEGINNER MISTAKES
You need to understand that the
crypto market is very volatile by
nature and is prone to excessive
movement. In fact, a 10%
movement is quite common.

How to avoid:
Take a deep breath (simple
yet effective)
Diversify - Split your portfolio
into a few different assets.
Have a plan - Decide on a
figure to sell at before making
the initial investment.
COMMON BEGINNER MISTAKES

Feeling Invincible:
When things are going well, and
you've made a couple of good
investments in a row, you might
start to feel a little invincible...

Well, this just happens to be the

exact moment that you start
getting sloppy with your analysis
and decision-making.

This is when you start to lose and

try to chase losses until you've
lost all your profit and some.
COMMON BEGINNER MISTAKES

How to avoid this:

Remember you aren't
invincible, you are just
experiencing a good run
Learn to quit while you're
ahead
Go for a walk, this will help you
relax and reset your emotions
Try meditation to keep
yourself level-headed
COMMON BEGINNER MISTAKES

Pump & Dumps:

Pump and dump schemes have
been around different markets for
a long time, and it comes as no
surprise that they've made their
way to the crypto market.

A pump and dump is a scheme

where an individual or group of
individuals will 'pump' the price up
by purchasing a large amount of a
cryptocurrency with a very low
market capitalization.
COMMON BEGINNER MISTAKES

This creates an inevitable jump in

the price and attracts investors
because they assume there's a
valid reason behind the price
increase, and they don't want to
miss out (FOMO).

The more investors that fall for

this trap, the more the price gets
pumped up. Until eventually, the
individual(s) decide to 'dump' all
their holdings, causing a massive
drop in price.
COMMON BEGINNER MISTAKES

How to avoid:

Stick to your 'low-risk'

cryptocurrencies with a high
market cap.

It's much harder for a single

person or group to have an effect
on the price of cryptocurrencies
with a high market cap.
COMMON BEGINNER MISTAKES

Develop tunnel vision for

your selected 'low-risk'
cryptocurrencies

You may be scanning through the

market and spot a
cryptocurrency that is up over
%150, don't bother.

This is almost certainly a pump

and dump. And on the off chance
that it isn't, it's already too late to
make any sort of profit from the
trade.
 FINAL WORDS
We'd like to take the time to
congratulate you on being an early
adopter of cryptocurrency.

Understand that you are far ahead

of the pack and will enjoy a decisive
financial edge in the near future.

We hope you enjoyed this guide as

much as we enjoyed making it...

Happy trading!
The Cryptolad Team
 USEFUL LINKS

Trading charts
TradingView.com

Binance Exchange
Binance.com

Ledger Nano X
Ledger.com

Cryptocurrency Converter
Cryptolad.co/converter

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