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Understanding where to enter the crypto and Web3 space can be a complicated process. Because the industry is an interdisciplinary field, it conflates financial, technological, and sociological concepts, which means people need to learn a wide range of skills. Additionally, the crypto space is also very fast-paced and volatile.
As a result, this can be off-putting to newbies due to the lack of education behind Crypto/Web3. There is a silver lining, however – this industry was built by the masses and for the masses. Therefore, everything you need to get started with crypto is available online. As long as you have a good understanding and a good selection of resources, you can thrive in this area and be proficient with web3.
One of the best platforms to help with this is Collective Shift. This expertly designed educational center covers a variety of areas within the industry and takes you from beginner to advanced. Let’s take a look at some essential topics to understand as you get started in crypto and Web3, and then provide an overview of how Collective Shift can support your journey.
What should you learn to get started?
Your journey should start with learning what cryptocurrency is. In layman’s terms, it is simply a currency that is entirely digital and has no physical attributes. Of course, there are more features, but as a complete beginner, that’s all you need to know.
After that, you should find out which cryptocurrencies you want to own. The two most well-known coins are Bitcoin and Ethereum. Both are known and revered and as someone new to the industry it might be best to stick with one of the two as they are the most widely supported in the industry and have a good track record.
The next step is to learn how to buy cryptocurrency. This involves using an online cryptocurrency exchange. First, find an exchange that accepts legal tender (e.g. US dollars, British pounds, or any other currency you support). However, be careful which exchange you use as some cannot process legal tender and only support cryptocurrency.
Once you’ve bought cryptocurrency, you want to learn how to get your money off the exchange and fully own it. This means you need to set one up crypto wallet. A wallet is a digital tool used to store your cryptocurrency. Unlike a purse, a wallet is something you own entirely, meaning the coins it contains belong directly to you and no one else can access them. However, unlike in real life, you cannot use just one wallet for all your money. Different cryptocurrencies often require different wallets. For example, a Bitcoin wallet cannot store Ethereum, and an Ethereum wallet cannot store Bitcoin. Setting up a wallet is often easy, but the process differs (sometimes quite dramatically) for each cryptocurrency.
Find the right resources
While these are all relatively easy topics to learn, if you are new to the industry and are feeling unsure, you should seek advice. And one of the best places to find that knowledge is Collective Shift, a project that aims to help people break into the crypto space by providing simple and informative tutorials on various topics. Experts in the crypto world create these courses and modules, which means you can trust the information you receive as it is given directly by key people in the space.
Many platforms offer advice and guidance on crypto and Web3, with Collective Shift being among the largest. With a wide range of materials provided by a variety of talented people, this platform will help you get into the crypto fold easily so that you can start your journey with confidence.