Before I show you how to buy cryptocurrency using a P2P exchange on a centralized platform, let’s briefly talk about blockchain networks and how they work in your wallet.

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Core Wallet Default Networks​

By default, the Core wallet supports:

• Ethereum blockchain
• Avalanche blockchain
• Bitcoin blockchain (runs on its own separate chain)

Ethereum and Avalanche share the same architecture, so they use the same address format.
👉 Switching between them won’t change your wallet address.

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Adding New Networks​

You can add many other networks to your wallet as you explore the Web3 ecosystem.

• Each blockchain has its own:
  • Fees
  • Transaction speed
  • Features

For example:

• Polygon runs on Ethereum’s architecture.
• Adding it is simple — press “Connect” in the wallet, and details fill in automatically.
• Once confirmed, Polygon appears in your wallet’s list of networks.
• Your address remains the same across Ethereum, Avalanche, and Polygon — but the networks are different.

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Transaction Fees and Native Tokens​

The most important difference between blockchains is the token used for paying fees:

• Ethereum → ETH
• Avalanche → AVAX
• Polygon → MATIC
• Optimism → ETH (since it’s built on Ethereum)

👉 Every transaction (send, swap, transfer) requires fees in the native token of the network.

Example:
If you want to transfer assets on Avalanche, you must hold AVAX to pay the fee, even if you’re sending USDT or another token.

---

Tools and Features Across Networks​

Blockchains also differ in their ecosystem tools:

• Some apps may exist on Ethereum but not on Avalanche, and vice versa.
• By connecting to multiple blockchains, you expand your options and work more efficiently in Web3.

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Fee Levels: Why It Matters​

• On Ethereum, fees are relatively high (≈ $15–20 per transaction).
• On other blockchains (e.g., Polygon, Avalanche), fees can be just a few cents (≈ $0.05–0.15).

💡 If your deposit is small, using low-fee networks helps you save significantly and trade more efficiently.

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Key Takeaway​

• Your wallet can hold multiple networks with the same address format (Ethereum, Avalanche, Polygon).
• Always keep some of the native token for fees.
• By strategically choosing blockchains, you can reduce costs and unlock more tools in DeFi.

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What’s Next​

In the next post, I’ll show you how to:

• Buy cryptocurrency using P2P exchange on a centralized platform
• Withdraw assets to your wallet using one of the connected networks

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

In this post, I’ll show you how to buy cryptocurrency using the first method — through an exchange service with payment by bank card.

We’ll use an exchange monitoring platform to find the best exchanger.
👉 Use only the verified link (in the description of this post). Phishing sites often copy domains with just one letter changed, and many people lose money this way. Bookmark the correct site immediately to avoid scams.

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Step 1: Select the Exchange Direction​

1. Open the monitoring platform.
2. On the left side (“You give”), select your national currency (e.g., $100).
3. On the right side (“You receive”), select Bitcoin (BTC).
4. A list of exchangers that support this direction will appear.

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Step 2: Choose a Reliable Exchanger​

The monitoring service shows details for each exchanger:

• Minimum and maximum trade limits
• Exchange rate
• Total reserves
• Number of user reviews
• Age of the exchanger (how long it’s been operating)

Tips:​

• For small amounts (e.g., $100), choose an exchanger with a low minimum entry.
• Always prefer services with many positive reviews and large reserves.
• Longevity matters — a platform operating for years is more trustworthy.

💡 Sometimes rates differ slightly. For small purchases, reliability is more important than saving a few cents. For larger amounts ($1,000+), always pick the exchanger with both the best rate and strong reviews.

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Step 3: Fill Out the Exchange Form​

On the exchanger’s site:

1. Make sure the direction is set (Your Currency → Bitcoin).
2. Enter the amount (e.g., $100).
3. The system instantly shows how much BTC you’ll receive.
4. Enter your bank card number for payment.
5. Enter your email address (to receive transaction updates).
6. Enter your Bitcoin wallet address:
   • Open your wallet app → select Bitcoin → Receive → copy address.
   • Paste it into the exchanger form.
   • ✅ Always double-check the first and last 5 characters to avoid errors.

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Step 4: Make the Payment​

1. Click Exchange.
2. Some services may ask you to slightly adjust the amount (e.g., $105 instead of $100).
3. The exchanger provides recipient card details.
4. Send the money from your banking app exactly as shown.
5. After payment, click “I have paid” on the exchanger’s site.

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Step 5: Wait for the Transaction​

• The exchanger confirms receipt of your funds.
• Processing usually takes 5–15 minutes.
• Once processed, the transaction is broadcast to the Bitcoin blockchain (15–30 minutes for confirmations).

Your BTC will then arrive in your wallet.

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Example Result​

• Amount exchanged: $100
• BTC received: 0.00047 BTC (~$47.24 value in this example)
• Confirmation: Shows up in wallet after at least 1 block confirmation.

⚡ Important:
Sometimes your wallet may show “0” balance at first.

• This means the transaction is pending confirmation.
• Once it’s included in a block, your balance updates automatically.

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Step 6: Apply the Same Process for Other Coins​

You can also buy:

• Ethereum (ETH)
• Polygon (MATIC)
• Stablecoins (USDT, USDC, etc.)
• Other altcoins

📌 When buying tokens like USDT:

• ERC-20 → requires an Ethereum address.
• BEP-20 → requires a BNB Smart Chain address.

Make sure your wallet supports the network before pasting the address.
(Network configuration will be explained in a future lesson.)

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Summary​

Buying crypto through an exchanger with a bank card is:

• ✅ Simple
• ✅ Fast
• ✅ Beginner-friendly

But always:

• Use a verified monitoring platform
• Double-check your wallet address
• Pick exchangers with good reviews and high reserves

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What’s Next​

In the next post, I’ll explain how to:

• Buy cryptocurrency via P2P exchange on centralized platforms
• Withdraw assets directly to your own non-custodial wallet

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

Why Start with MetaMask?​

Your first non-custodial wallet should be MetaMask.
It’s the foundation for understanding how wallets work, and nearly everyone in crypto begins with it.

Later, as you progress, you’ll explore other wallets (hardware, mobile, multi-chain, Bitcoin-only, etc.), but MetaMask gives you the core experience you need.

On our platform:

• The “Security Basics” module explains how wallets, mnemonic phrases, and private keys function.
• The “Crypto Wallets” module provides reviews of wallets I personally use, so you can choose the right mix for yourself.

But first — let’s set up MetaMask.

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Installing MetaMask​

MetaMask works as a browser extension. Supported browsers include:

• Chrome (recommended)
• Opera
• Yandex Browser
• Brave
• Firefox

👉 Always download MetaMask from the official website (link at the bottom of this post) to avoid phishing.

Steps:​

1. Visit the official MetaMask website.
2. Click Download for your browser.
3. Install the extension and confirm with Add Extension.
4. Accept MetaMask’s Terms of Use.
5. Click Create a New Wallet.

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Initial Setup​

1. Data Collection Prompt

   • MetaMask asks to share anonymous usage data.
   • Click No, thanks (not needed).

2. Language

   • You can switch the interface language.
   • I strongly recommend using English for crypto.
   • Translations are often inaccurate, and nearly all documentation and tools in crypto are English-first.

3. Password Creation

   • Set a strong password.
   • This protects your local app only.
   • If forgotten, you can reset MetaMask and restore access with your mnemonic phrase.

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Securing Your Wallet​

1. MetaMask prompts you to Secure Your Wallet.

   • Click Secure My Wallet.

2. You’ll be shown a 12-word mnemonic phrase.

   • This phrase is your private key in human-readable form.
   • It is the only way to recover your wallet on a new device.

3. Write it down on paper — never store it digitally.

   • ❌ Do not screenshot.
   • ❌ Do not save in browser bookmarks or on cloud storage.
   • ✅ Write on paper and store it safely offline.

4. MetaMask will ask you to confirm by re-entering several words.

   • Enter the correct words.
   • Click Confirm.

Your wallet is now successfully created. 🎉

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After Setup​

• MetaMask shows some basic usage instructions.
• You can close the pop-ups.
• Your first non-custodial wallet is ready.

⚡ Remember: Whoever has your mnemonic phrase has full control over your wallet.
Keep it secret, keep it safe.

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Other Wallet Mentions​

In some posts, you may see examples using CryptoWallet (Korvalut) or other wallets instead of MetaMask.

• This wallet supports Bitcoin and has a slightly different interface.
• The setup process is similar to MetaMask.

Over time, you’ll likely need multiple wallets:

• One for Ethereum/DeFi (MetaMask)
• One for Bitcoin (e.g., Bitcoin Core or hardware wallet)
• One hardware wallet for long-term cold storage

💡 Never rely on a single wallet. A diversified wallet setup is safer and more practical.

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What’s Next​

Now that you’ve set up MetaMask:

• In the next lesson, we’ll explain networks:
  • What they are
  • How they differ
  • How to configure MetaMask properly for multiple blockchains and DeFi tools

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

What Is a Crypto Wallet?​

To use cryptocurrency, you’ll need your own wallet.
A crypto wallet is a tool that allows you to store funds and interact with the crypto ecosystem (send, receive, swap, stake, etc.).

All wallets fall into two main categories:

1. Custodial wallets
2. Non-custodial wallets

This is the most important classification in crypto.

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Custodial Wallets​

What They Are​

Custodial wallets are services offered by centralized platforms (mainly exchanges).
You create an account, link your phone number, provide personal data, and pass verification (KYC).

Essentially, you’re using someone else’s infrastructure to hold your crypto.

How They Work​

• You deposit funds into the exchange.
• The platform manages your assets on your behalf.
• You access them through your login and password.

Key Risks​

• You don’t fully control your funds.
• The exchange can:
  • Freeze your account
  • Block transactions
  • Restrict withdrawals due to regulations or sanctions

💡 Best practice:
Use custodial platforms only for buying crypto → then immediately withdraw to your own wallet.

Examples​

• Binance
• Bitget
• Crypto.com
• Coinbase

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Non-Custodial Wallets​

What They Are​

Non-custodial wallets are the best type of wallet in crypto.
They give you full control over your funds without relying on third parties.

• No one can freeze your account.
• No one can block your transactions.
• Sanctions or restrictions on exchanges don’t affect you.

How They Work​

• When you create a wallet, you receive a mnemonic phrase (12 or 24 words).
• No email, phone number, or KYC required.
• This phrase is literally the key to your funds.

📌 Example: A 12-word phrase (e.g., apple road shadow …).

• Write it down on paper and store it safely offline.
• Anyone with your phrase can access your funds.
• If you lose it, your funds are lost forever.

Examples​

• MetaMask (multi-currency, popular in DeFi)
• Bitcoin Core (single-currency, BTC only)
• Trezor (hardware wallet for maximum security)

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Wallet Subcategories​

Beyond custodial vs. non-custodial, wallets can be:

• Single-currency wallets → support only one asset (e.g., Bitcoin Core, Ethereum wallets).
• Multi-currency wallets → support many assets in one interface (e.g., MetaMask, Trust Wallet, hardware wallets).
• Hardware wallets → physical devices for cold storage (e.g., Trezor, Ledger).
• Mobile/Browser wallets → apps or extensions for daily use and DeFi interactions.

💡 For working with the crypto ecosystem, you’ll need a non-custodial wallet — and ideally, more than one (e.g., one for active trading, one for long-term storage).

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What’s Next​

In the next post, I’ll show you:

• How to create your own non-custodial wallet
• How to use it correctly
• The essentials of safe storage

After that, we’ll cover how to buy cryptocurrency and withdraw it to your own address.

---

Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

There are several ways to buy cryptocurrency.
In this post, I’ll explain the main methods, and later demonstrate each of them in practice.

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1. Buying Through Exchangers​

This is the simplest and fastest way to purchase crypto.

How it works​

1. Choose a suitable exchanger.
2. Select the exchange direction (e.g., bank card → Bitcoin).
3. Enter your Bitcoin address in the request.
4. Complete the exchange by transferring funds to the specified card.
5. After payment, Bitcoin is sent to your wallet address.

You can buy not only Bitcoin, but also Ethereum, stablecoins, and other altcoins.

Risks​

• Some exchangers are unreliable.
• To protect yourself, use exchanger aggregator services that:
  • Show exchanger reputations
  • Display reviews and user ratings
  • Track reserves and operating history

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2. Centralized Exchanges via P2P Trading​

Another popular option is P2P (peer-to-peer) trading on centralized exchanges.

How it works​

1. Create an account and complete KYC/verification.
2. Go to the P2P section.
3. Choose the exchange direction (e.g., your national currency → Bitcoin via bank card).
4. Select a seller and open a deal.
5. Transfer money to the seller’s account.
6. Once payment is confirmed, the seller releases the crypto to your exchange balance.

Safety​

• The exchange acts as a guarantor.
• If disputes arise, you can contact support.

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3. Buying Directly with a Bank Card​

This option is the most convenient, but also comes with higher fees.

• Available on many centralized exchanges and platforms.
• Allows you to buy crypto literally in one click.

Pros​

• Fast and simple.
• Confidence that you’ll receive your assets.

Cons​

• High commissions (often more expensive than exchangers or P2P).
• May not be available in restricted countries.

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4. Buying with Cash (Offline Exchangers)​

For maximum anonymity, you can buy crypto with cash.

How it works​

1. Find an exchanger offering “cash → crypto.”
2. Open a deal online.
3. Go to the exchanger’s physical office in your city (e.g., Dubai, Istanbul, etc.).
4. Hand over your cash (USD, EUR, or local currency).
5. Receive cryptocurrency directly to your wallet.

This method is common in major cities and is the most private way to buy crypto.

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Key Reminder​

Regardless of which method you choose:

• You need your own crypto wallet to transfer assets and keep them fully under your control.
• We’ll cover wallets — how they work, which to choose, and how to secure them — in the next lesson.

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

In this post, I will talk about the ways to earn with cryptocurrency that require medium or large capital.
These strategies go far beyond just trading or staking, which many beginners think of first. Each of them has its own features, requirements, risks, and potential profitability.

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1. Portfolio Investing​

The first method for medium and large capital is portfolio investing.
The goal of portfolio investing is to buy strong, fundamental assets for the long term — starting from three to five years or more.

The profitability of such a portfolio depends on:

• The chosen assets
• The current market phase (bull or bear)
• The skill of proper portfolio rebalancing

Why Medium or Large Capital Matters​

Imagine you only have $1,000, and you use it to buy some strong, fundamental assets.
Even if your portfolio grows five or ten times in three years, you’ve made around $9,000 profit. Spread across 36 months, this isn’t significant.

Now imagine you have $200,000 in capital.
A fivefold portfolio growth over three years would bring you $1,000,000+ profit — a life-changing amount.

That’s why it’s better not to start portfolio investing with small sums.
Instead, use other methods (like testnets, ambassador programs, or airdrops) to grow your capital first — then allocate into long-term assets.

Two Approaches​

1. Lump-Sum Investing – invest a large amount into BTC, ETH, or other strong assets at once and hold long term.
2. Gradual Accumulation (DCA) – consistently buy assets (e.g., BTC, ETH) every month for a set amount. This is one of the best methods to build a portfolio from scratch, as it smooths out volatility.

💡 Portfolio investing works best when combined with DeFi (see below).

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2. Decentralized Finance (DeFi)​

DeFi currently offers the widest range of tools and opportunities for those with medium or large capital.

Earning in DeFi means allocating assets across multiple instruments and building strategies to generate passive income while also growing your portfolio.

Examples of DeFi Tools:​

• Lending and borrowing platforms (e.g., AAVE, Compound)
• Liquidity provision on DEXs (e.g., Uniswap, Curve, Balancer)
• Yield farming and liquidity mining strategies
• Stablecoin lending for consistent returns

Why Combine DeFi with Portfolio Investing​

If you only hold an investment portfolio, it will grow in value during bull markets.
But if you put these same assets to work in DeFi, you can generate additional yield even in sideways markets.

📌 Profitability depends on:

• The chosen protocols
• Your risk profile
• Market conditions

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3. Mining​

Mining can be considered a long-term earning method.

• After Ethereum switched to Proof-of-Stake (PoS), it is no longer mineable with GPUs.
• The only realistic coin worth mining today is Bitcoin.

Why Mining Requires Large Capital​

• Mining requires specialized hardware (ASICs) that costs thousands of dollars.
• Hardware takes years to pay off.
• If BTC price drops, you may mine at a loss.

📌 Example:
Many miners rushed to buy ASICs and GPUs on credit during bull markets.
When the market turned downward, they had to shut down and sell equipment at a loss.

👉 Mining should always be viewed as a long-term strategy — not for quick profits, but for accumulating BTC over years.

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4. Staking​

Staking is a method of earning suitable mainly for those with very large capital.

Many beginners misunderstand staking.

• Not staking: locking coins on Binance or another centralized platform for 3–8% yields.
• Real staking: delegating coins to validator nodes in blockchains like Ethereum, Solana, or Cosmos.

How It Works​

• Your coins are locked on validator nodes.
• They help verify transactions and secure the network.
• In return, you receive staking rewards.

Returns​

• Network staking yields: 3%–15% annually, depending on the blockchain.
• Protocol staking yields: vary, sometimes higher (DEX revenue sharing, governance tokens).

💡 Staking is one of the lowest-risk strategies in crypto.
Your balance of strong assets (ETH, SOL, ATOM) grows steadily.
The main risk: the chosen asset itself may lose long-term value.

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5. NFTs​

NFTs are a very risky earning environment, mainly driven by speculation.

The Speculation Illusion​

Stories about someone buying an NFT for $100 and later selling it for $100,000 gave many newcomers the illusion that it’s easy money.
In reality, NFT trading is extremely risky, and most collections lose value quickly.

Methods of NFT Earning​

1. NFT Flipping – buy below market price and instantly resell at a profit.

   • Requires speed, skill, and luck.
   • High competition.
   • Extremely risky.

2. Launching Your Own Collection – create and promote an NFT project.

   • Requires community management and strong marketing.
   • Possible to succeed, but very difficult.

3. GameFi & Metaverse NFTs – tokenized in-game assets or play-to-earn systems.

   • 99% are financial pyramids disguised as games.
   • Most never release a working product.

⚠️ Risks are extremely high. Most NFT and GameFi projects are created only to raise money from naive investors.

👉 Unless you deeply understand this space, it’s better to avoid speculative NFT flipping.

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6. Arbitrage​

Arbitrage means exploiting price differences for the same asset across exchanges (CEX vs CEX, CEX vs DEX, or DEX vs DEX).

The Reality​

• Arbitrage is real and does work.
• But markets are dominated by bots scanning and executing trades instantly.
• Profitable strategies are never shared publicly. Once public, they lose relevance within days.

Risks​

• Scams: YouTube and Telegram are full of fake “arbitrage bots” that simply steal deposits.
• Paid Courses: Selling “secret strategies” is often more profitable than arbitrage itself.

👉 Arbitrage works, but requires your own custom-built strategies and bots.
It’s not a beginner-friendly method.

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7. Trading​

Finally, we come to trading — perhaps the most famous, yet most dangerous way to earn in crypto.

Why Trading is Risky​

• Most newcomers lose money quickly.
• Trading requires years of experience, emotional discipline, and personal strategies.
• Buying “signals” or $50 courses online is guaranteed to end in losses.

📌 The world’s best traders show 15%–70% annual returns — not per month.
Anyone promising 300% per month is a scammer.

Advice for Beginners​

• Don’t treat trading as a shortcut to wealth.
• If you truly want to trade, learn independently, practice with small amounts, and slowly develop your own system.
• Be prepared for years of losses before consistent gains.

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Summary of Strategies​

• Portfolio Investing + DeFi: best combination for medium/large capital.
• Mining & Staking: long-term, relatively stable, but capital-intensive.
• NFTs & GameFi: highly speculative, avoid unless you understand the risks.
• Arbitrage: real but requires private, self-built strategies.
• Trading: risky, not recommended for beginners.

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Closing Note​

This was the last post in the first module: Basics of Cryptocurrency.
In the next module, we’ll explain:

• How to buy cryptocurrency
• Different ways to withdraw to wallets
• Which wallets to use
• And which are the safest wallets for your funds

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

It’s time to talk about ways to make money with cryptocurrency.
Here, each method has its own detailed module.

In reality, there are many ways to earn, far beyond just trading or staking.
Each method comes with different requirements in terms of:

• Starting capital
• Time commitment
• Knowledge

📌 If you’re a beginner with very little capital:

• Avoid trading, staking, or complex financial instruments.
• Focus on methods requiring no or minimal investment.

For those with medium or large capital, many more opportunities are available — covered in later lessons.

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1. Testnets​

• Perfect for beginners with no capital but plenty of free time.
• Developers launch testnet programs to trial their products.
• Users perform transactions, interact with protocols, report bugs.
• After testing, developers reward participants with tokens.

💰 Potential Earnings:

• Some testnets yield only a few dollars.
• Others (e.g., DDX) rewarded participants with thousands of dollars worth of tokens.
• Rewards vary widely depending on project success.

---

2. Ambassador Programs​

• Instead of testing, you promote the project.
• Activities:
  • Social media content
  • YouTube shorts / TikTok clips
  • Helping in Discord / Telegram
  • Answering community questions

💰 Rewards:

• Tokens or NFTs → can later be sold.
• Unlike testnets, only the most active ambassadors get meaningful rewards.

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3. Running Test Nodes​

• New blockchains need validator nodes in early stages.
• Developers reward users who launch them.
• Requires minimal investment (e.g., $30–50/month for a cloud server).

💰 Potential depends heavily on project adoption and long-term success.

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4. Airdrops​

• Free distributions of tokens or NFTs.
• Given for:
  • Participating in tests
  • Being active in a community
  • Holding specific assets

📌 Example:
Some NFT holders recently received airdrops worth hundreds of thousands of dollars.

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Key Takeaways​

• These methods are ideal for beginners with small or no capital.
• They allow you to:
  • Learn the crypto ecosystem hands-on
  • Build initial capital
  • Position yourself for larger opportunities later

👉 As your capital grows, you can move on to more advanced earning strategies — covered in the next lesson.

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

What Are the Risks in Cryptocurrency?​

Before investing in cryptocurrency, you must clearly understand the risks involved.
Crypto offers independence and freedom, but it also puts full responsibility on the user.

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1. Storage Risk​

Unlike traditional banking, crypto wallets put you in full control of your funds.
But with this control comes risk:

• Lose your wallet password or private keys → you lose access permanently.
• Enter your mnemonic phrase into a phishing site → your funds are gone.
• Get scammed → there is no hotline or support team to reverse the transaction.

📌 That’s why we dedicate an entire module to security:

• Safe storage methods
• Recommended wallets
• Protection tools

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2. Buying the Wrong Cryptocurrencies​

The risk isn’t just price drops — it’s total devaluation.

• Many tokens are worthless projects promoted by influencers or YouTubers.
• About 98% of media “reviews” are paid promotions designed to pump hype.
• Many promoted projects are outright scams.

📌 Rule: Never buy based solely on YouTube, Telegram, or social media posts.

• Always verify from multiple sources.
• Do your own research (DYOR) before investing.

---

3. Stablecoin Risks​

Even stablecoins are not risk-free.

• Each uses mechanisms to stay pegged at $1.
• But de-pegging (losing that peg) can and does happen.
• Always factor in this possibility when holding stablecoins.

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4. Smart Contract Hacks​

Smart contracts power DeFi, but they also carry technical risk:

• Developers can make mistakes → leaving vulnerabilities.
• Hackers exploit these vulnerabilities → funds can be stolen.
• This applies to every smart contract.

📌 How to reduce risk:

• Use time-tested protocols.
• Check for audits by reputable firms.

⚠️ Important: An audit is not a guarantee.

• Even scam projects can pay for audits.
• Treat audits as one criterion, not proof of safety.

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5. The Biggest Risk: Speculation​

Speculation is the fastest way to lose money.

• Leveraged trading
• Buying tokens or NFTs just to “flip” later
• High-yield schemes

📉 These methods are the most dangerous and wipe out most newcomers.

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Summary​

Crypto risks fall into several categories:

1. Storage risk → losing access to your funds
2. Useless tokens → near-total devaluation
3. Stablecoin de-pegging → losing the $1 peg
4. Smart contract hacks → vulnerabilities exploited
5. Speculation → the fastest way to lose everything

Every category of crypto comes with its own risks, which will be covered in future lessons.

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

Crypto Market Cycles: Bull vs. Bear​

The cryptocurrency market, like any other financial market, moves in cycles.
Globally, it can be divided into two phases:

1. Bull Market (Growth Phase)
2. Bear Market (Decline Phase)

These cycles repeat every few years (sometimes decades), and understanding them is crucial for building a successful investment strategy.

---

Bull Markets​

During a bull market:

• Prices rise across the board — Bitcoin, Ethereum, and nearly all other assets.
• Media coverage turns euphoric: “Crypto is the future!”
• New projects appear daily.
• Speculators flood the market, chasing quick profits.
• Headlines announce fresh millionaires.

💡 Key insight:
If you enter at the beginning of a bull run, it’s almost impossible not to make money.
But most newcomers arrive at the very end, when:

• Prices are overheated
• Valuations peak
• A collapse is imminent

📌 Example:

• The last bull phase began in early 2020 and ended in late 2021, with Bitcoin peaking at $69,000.
• Most newcomers joined during the hype peak — right before the downturn.

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Bear Markets​

During a bear market:

• Bitcoin, Ethereum, and altcoins decline sharply.
• Many projects collapse (or exit scam).
• Media turns negative: “Crypto is a bubble!”
• Panic spreads.
• The downturn can last years.

📌 Historical examples:

• After Bitcoin hit $19,000 in 2017, a three-year bear market followed.
• After 2021’s $69,000 peak, a bear cycle began and extended through 2022–2023.

---

How to Navigate Cycles​

• Don’t buy during euphoria.
  Entering when media screams about crypto usually means buying the top.
• Accumulate in bear markets.
  That’s the time to buy strong, fundamental assets at discount prices.
• Sell in bull markets.
  Take profits when hype is everywhere and valuations explode.

📌 Example:

• 2018–2019 was a dead market — the perfect time to accumulate BTC, ETH, and altcoins.
• Those who bought then were able to profit massively in the 2020–2021 bull run.

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Bear Markets as Opportunity​

Ironically, when media screams “Crypto is a scam” and everyone panic-sells — that’s often the best time to buy.

But be smart:

• Don’t go all-in at once.
• Use portfolio investing to diversify risk.
• Focus on strong assets like Bitcoin and Ethereum.

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Long-Term Perspective​

For me, Bitcoin is the anchor asset.

• I don’t care about its price in 1–2 years.
• I buy with a 5–15 year horizon.
• Bitcoin’s role as a future global asset matters more than short-term price swings.

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Summary​

• The market always has two phases: growth (bull) and decline (bear).
• Accumulate in bear markets.
• Take profits in bull markets.
• Beware of euphoria: when everyone screams “crypto is the future”, it’s usually the first sign a crash is near.

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.

There are only two global approaches to making money in cryptocurrency:

1. Speculative (trading)
2. Investment (long-term holding)

I’m talking about approaches, not individual methods of earning.
Specific methods (staking, liquidity provision, yield farming, etc.) will be covered later.

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1. The Speculative Approach​

Most beginners choose this path — and it’s usually a huge mistake.

Why? Because almost all crypto media (YouTube, Telegram, social networks) is filled with:

• Leverage trading ads
• “Which coins to buy to get rich quick”
• Courses from “successful traders”

Newcomers naturally try trading because it’s the first thing they see.
Their goal: earn as much as possible, as quickly as possible.

📉 The result?

• They lose their deposit.
• Lose interest in crypto.
• Leave the market altogether.

Why Speculation Fails​

• 95%+ of traders lose money within a year.
• Trading is extremely risky.
• Only a handful succeed — those with years of experience and strategies they never share.

⚠️ For beginners:

• Avoid leverage trading.
• Avoid “high-yield tricks.”
• Speculation almost always ends in losses.

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2. The Investment Approach​

This means buying strong fundamental assets (like Bitcoin or Ethereum) for the long term.

Why It Works​

• Outperforms nearly all speculators chasing quick profits.
• Builds wealth gradually instead of chasing hype.
• Much harder to lose money compared to trading (though portfolio value will fluctuate with cycles).

📌 Reality Check:

• Your portfolio may drop in value for months or years.
• You won’t become a millionaire overnight.
• But long-term, simple accumulation wins.

The Key Takeaway​

• No easy, fast profits in crypto (just like in any other field).
• Those chasing quick wins always lose.
• Long-term investors with strong assets steadily grow wealth.

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My Experience​

I’ve followed the market since 2016.
Every cycle, I see the same pattern:

• People arrive during bull runs.
• Try to get rich fast.
• Lose everything.
• Leave with nothing.

Meanwhile, patient investors accumulate and survive.

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Final Advice​

• Speculation = high risk, high chance of losing it all.
• Investment = long-term wealth with patience and discipline.

👉 Build a well-structured portfolio of strong assets.
👉 Invest in yourself first — skills, knowledge, analysis.
👉 Blindly following others always leads to losses.
👉 Create your own strategy.

💡 As Warren Buffett said:

“Don’t buy an asset for 10 minutes if you’re not ready to hold it for 10 years.”

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Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.