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It can be a complicated process to figure out where to enter the crypto and web3 space. As industry is an interdisciplinary field, it blends financial, technological and sociological concepts, which means that people have to learn a wide range of skills. Furthermore, the crypto space is also very fast and volatile.
As a result, this can be daunting for newcomers as there is a lack of education behind crypto / web3. However, there is a bright side: this industry was designed by the masses and for the masses. Therefore, everything you need to start using cryptocurrencies is readily available online. As long as you have a good understanding and a good set of resources, you can thrive in this space and become web3 savvy.
One of the best platforms to help with this is Collective displacement. This expertly crafted educational hub covers a myriad of areas within the industry, taking you from beginner to advanced. Let’s take a look at some essential topics to understand when getting into cryptocurrencies and web3, then give an overview of how Collective Shift can help your journey.
What should you learn to get started?
Your journey should begin by learning what cryptocurrency is. Put simply, it is simply an entirely digital currency with no physical qualities. Of course, there are more features in this one, but as an absolute beginner, that’s all you need to know.
After this, you should know which cryptocurrencies you want to own. The two most famous coins are Bitcoin and Ethereum. Both are famous and revered, and being new to the industry it might be best to stick to either of these 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 fiat (such as US dollars, British pounds, or any currency you support). However, be careful which exchange you start using, as some cannot process legal tender and only support cryptocurrency.
Once you have purchased some cryptocurrency, you want to learn how to get your money out of the exchange and completely in your possession. This means that you need to set a crypto wallet. A wallet is a digital tool used to store your cryptocurrency. Unlike an exchange, a wallet is something you completely own, which means that the coins it contains belong exactly to you, without anyone else having access to it. However, unlike in real life, you can’t use one wallet for all your money. Different cryptocurrencies often need 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 dramatically) for each cryptocurrency.
Find the right resources
While these are all relatively easy topics to learn, if you’re new to the industry and don’t feel confident, you should seek guidance. And one of the best places to find this knowledge is Collective displacement, a project aimed at helping people enter the crypto space by providing simple and informative tutorials on various topics. Experts in the world of cryptocurrencies make these courses and modules, which means you can trust the information you are gaining as it is provided directly by key individuals in the space.
Many platforms offer advice and guidance on crypto and web3, with Collective Shift among the major ones. With a wide range of materials provided by a diverse set of talented people, this platform helps you easily get into the cryptocurrency fold, allowing you to start your journey with confidence.