Crypto Beginner Mistakes EXPOSED | Start Investing in Bitcoin and Ethereum the Right Way - video Dailymotion

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Want to invest in crypto but not sure how to start? You're in the right place! This video breaks down the most common beginner questions about cryptocurrency, including how to buy Bitcoin and Ethereum, which wallets to use, and how to avoid scams and costly mistakes. Perfect for anyone ready to enter the crypto world with confidence.  Subscribe to News Detective for daily updates on crypto finance tech and global news!!!

Transcript

00:00You are watching News Detective, the hub for real-time updates and smart investing insights.

00:06If you are new to cryptocurrency, this video is for you.

00:10Today, we answer the most frequently asked questions by beginner crypto investors.

00:15Let's get into it.

00:17What is cryptocurrency?

00:18Cryptocurrency is digital money built on blockchain technology.

00:22It is decentralized, meaning no single government or bank controls it.

00:27How do I buy crypto?

00:28Start by signing up with a trusted exchange like Binance, Coinbase, or Kraken.

00:34You can use a debit card, credit card, or bank transfer to buy your first crypto.

00:40What is the difference between Bitcoin and Ethereum?

00:43Bitcoin is the original cryptocurrency, often used as digital gold.

00:48Ethereum powers smart contracts and decentralized apps, making it more flexible.

00:54Do I need a crypto wallet?

00:56Yes.

00:56Use a hot wallet for easy access or a cold wallet for higher security.

01:02Never share your private keys.

01:03Is crypto legal in most countries?

01:06Yes.

01:06But rules vary.

01:08So always check your local regulations.

01:10Is it safe to invest?

01:12Crypto is risky and volatile.

01:15Never invest more than you can afford to lose.

01:18Start small.

01:19Learn and diversify.

01:20How much should I invest?

01:22Many experts recommend starting with a small amount, even $10 to $50.

01:28Focus on learning before risking larger amounts.

01:31What are altcoins?

01:32Altcoins are any coins that are not Bitcoin.

01:35Popular ones include Ethereum, Solana, XBRP, and Cardano.

01:40How do people make money with crypto?

01:43You can hold long-term, trade short-term stake your coins, or explore DeFi and Enths.

01:49But remember, high rewards come with high risks.

01:53Do I need to pay taxes?

01:54Yes.

01:55In most countries crypto profits are taxable.

01:58Always keep records and consult a tax expert if needed.

02:02Can I lose my money?

02:03Yes.

02:04Scams, hacks, and market crashes are real.

02:07Use strong passwords and trusted platforms only.

02:11What is blockchain?

02:12Blockchain is the tech behind crypto.

02:15It is a digital ledger that securely records transactions across multiple computers.

02:20Bottom line, crypto is exciting, but learn before you leap.

02:24This is News Detective, where facts crack the noise.

02:28Don't forget to like, subscribe, and follow for more real-time updates on crypto, finance, and tech.

Crypto Beginner Mistakes EXPOSED | Start Investing in Bitcoin and Ethereum the Right Way

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