Cryptocurrency Basics

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Cryptocurrency Basics

Introduction

  • What is Cryptocurrency?
  • How does Cryptocurrency work?
  • Popular Cryptocurrencies
  • History of Cryptocurrency
  • How does a blockchain work?
  • What is "Decentralisation" and why is it important?
  • Mining and Consensus Mechanisms
  • Permissioned vs. Permissionless Blockchains
  • What is the difference between a coin and a token?
  • What are self-custody & non-custodial wallets?

Getting Started

  • How To Buy Cryptocurrency
  • Setting Up a Crypto Wallet
  • Securing Your Cryptocurrency
  • Understanding Exchange Platforms
  • Types of Cryptocurrency Wallet
  • Best Practices for Crypto Storage
  • Common types of Cryptocurrency Scams
  • How to identify a Cryptocurrency Scam?
  • How to avoid Cryptocurrency Scams
  • Do I owe taxes on Crypto transactions?
  • How to Track Your Crypto Portfolio

Decentralized Finance (DeFi)

  • What is DeFi?
  • How DeFi Differs from Traditional Finance
  • Major Use Cases in DeFi
  • What are Smart Contracts?
  • Understanding Liquidity Pools
  • Staking and Yield Farming
  • DeFi Risks and Security
  • What Is Crypto P2P Trading, and How Does It Work?

Setting Up a Crypto Wallet

You can set up a Telcoin Wallet by following the simple steps below. Each step has an associated guide that can be looked at for further information:

  1. Download the Telcoin Wallet
  2. Enter your mobile number to receive the SMS OTP
  3. Complete your account verification
  4. Deposit digital assets or purchase USDC via your bank account
  5. Trade within the Telcoin App

 

Alternatively, you can set up a wallet with a third party wallet provider such as Metamask. In order to setup a wallet with Metamask, please follow the proceeding steps:

  1. Visit https://metamask.io/
  2. Hit "Download" in the menu bar.
  3. Click “Install MetaMask for Chrome”. You will be directed to the Chrome Web Store.

After adding MetaMask Extension, MetaMask will automatically open. You can also make sure it's easily accessible in your toolbar by clicking the jigsaw icon in the top-right of the screen, and hitting the pin icon.

 

When installing the MetaMask extension, you'll be able to adjust privacy settings one-by-one to ensure the app is set up according to your privacy preferences.

You can find more information on this process here: https://support.metamask.io/getting-started/getting-started-with-metamask/

 

More articles in this section

How To Buy Cryptocurrency

Securing Your Cryptocurrency

Understanding Exchange Platforms

Types of Cryptocurrency Wallet

Best Practices for Crypto Storage

Common types of Cryptocurrency Scams

How to identify a Cryptocurrency Scam?

How to avoid Cryptocurrency Scams

Do I owe taxes on Crypto transactions?

How to Track Your Crypto Portfolio