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Buying Your First Crypto & Securing It: A Step-by-Step Guide

Curriculum

  • 9 Sections
  • 24 Lessons
  • Lifetime
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  • Section 1: Introduction to Buying & Securing Crypto
    Before diving into the world of cryptocurrency, it's crucial to understand the importance of self-custody and why "not your keys, not your coins" is a key principle in crypto ownership. This section will introduce you to the essential concepts of buying and securing your crypto.
    3
    • 1.1
      Why self-custody matters: “Not your keys, not your coins”
    • 1.2
      Understanding the risks of centralized exchanges
    • 1.3
      Overview of the buying process from start to finish
  • Section 2: Choosing the Right Exchange
    Choosing the right exchange is one of the first steps in your crypto journey. Here, you’ll learn about centralized and decentralized exchanges, and how to select the best one based on your needs and location.
    3
    • 2.1
      Centralized vs. Decentralized Exchanges
    • 2.2
      Key Factors to Consider When Choosing an Exchange
    • 2.3
      Recommended Exchanges for Beginners
  • Section 3: Setting Up Your Exchange Account
    Setting up an exchange account is your gateway to the crypto market. This section will guide you through the sign-up process, identity verification, and security measures to ensure your account is protected.
    3
    • 3.1
      Creating an Account
    • 3.2
      Setting Up Security Measures
    • 3.3
      Depositing Funds
  • Section 4: Buying Your First Crypto
    Once your account is set up, it’s time to buy your first crypto. In this section, you’ll learn how to choose the right cryptocurrency, place your first trade, and understand important factors like market orders and fees.
    3
    • 4.1
      Choosing the Right Cryptocurrency
    • 4.2
      Placing Your First Trade
    • 4.3
      Understanding Transaction Fees
  • Section 5: The Importance of Self-Custody
    After purchasing crypto, it’s essential to take control of your assets by moving them off exchanges. This section explores why self-custody is crucial and how to safely manage your own crypto.
    2
    • 5.1
      Why You Should Move Your Crypto Off Exchanges
    • 5.2
      Types of Crypto Wallets
  • Section 6: Setting Up Your Crypto Wallet
    A crypto wallet is the key to securing your funds outside of exchanges. In this section, you'll learn how to choose, set up, and back up your wallet, ensuring that your private keys remain safe and under your control.
    3
    • 6.1
      Choosing a Wallet
    • 6.2
      Creating & Backing Up Your Wallet
    • 6.3
      Security Best Practices
  • Section 7: Withdrawing Crypto to Self-Custody
    Withdrawing your crypto from exchanges to your personal wallet is a critical step in securing your funds. This section walks you through the withdrawal process and helps you understand transaction fees and network congestion.
    3
    • 7.1
      How to Withdraw from an Exchange
    • 7.2
      Double-Checking Everything Before Sending
    • 7.3
      Verifying the Transfer
  • Section 8: Storing Your Crypto Safely
    Now that your crypto is in your wallet, it’s essential to store it securely for the long term. This section covers best practices for keeping your wallet safe, including using hardware wallets and creating multiple backups.
    2
    • 8.1
      Best Practices for Long-Term Security
    • 8.2
      Advanced Security Measures
  • Section 9: Conclusion & Next Steps
    With your crypto securely in your possession, the next step is to stay informed and continue expanding your knowledge. This section will provide you with a roadmap to further your crypto journey, including learning about DeFi and other opportunities in the space.
    2
    • 9.1
      Your Crypto, Your Responsibility
    • 9.2
      Exploring the Crypto Ecosystem
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Setting Up Security Measures
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