Blockchains, wallets and private keys, custody, high volatility, stablecoins, perpetual futures, placing orders on an exchange and on-chain transfers.
For: beginners curious about digital assets like Bitcoin and Ethereum
Risk warning: forex, CFDs, options, futures and crypto assets usually involve leverage or high volatility, and you can lose more than you put in. This lesson only teaches the concepts; all numbers are for illustration and are not investment advice.
A public ledger that everyone holds a copy of, where changing one page gets noticed instantly. That's a blockchain, and cryptocurrencies are recorded on it.
Your address is like an account number for receiving money; your private key is like your one and only signature stamp. Lose the private key and the coins are gone for good.
Keeping coins on an exchange means handing them to someone else to look after; keeping them in your own wallet means their safety is up to you.
Daily moves of 10% are common in crypto. See how high volatility magnifies drawdowns, and why position size matters.
A cryptocurrency whose price is pegged to $1. What keeps it stable? And what happens when the reserves run short?
Contracts with no expiry date use a "funding rate" to stay close to spot: longs and shorts regularly pay each other a fee.
Buying crypto with USDT on an exchange: a market order fills right away but costs more in fees and may slip; a limit order is cheaper but might not fill.
Moving coins from an exchange to your wallet or to a friend: pick the right network, check the address, pay the gas fee and wait for block confirmations. There's no undo button if you get it wrong.