Basic concepts of cryptocurrency that newbies should know:

Cryptocurrency is a digital asset that uses cryptography to securely trade and control the generation and transfer of currency units.

Bitcoin $BTC is the first cryptocurrency, and others such as Ethereum $BNB are also popular.

Blockchain technology: Blockchain is a decentralized distributed ledger technology used to record all cryptocurrency transactions.

Features of blockchain include security, transparency, and immutability.

Wallet: Cryptocurrency wallets are used to store, send, and receive cryptocurrencies.

Wallets are divided into two types: hot wallets (online) and cold wallets (offline), each with its own security features.

Exchange: Cryptocurrency exchanges are platforms for buying and selling cryptocurrencies.

Different exchanges have different trading pairs, fees, and security features.

Market volatility: The cryptocurrency market is very volatile, and prices can rise or fall quickly.

Investors should be risk-aware and do a good job of risk management.

Research and education: Before investing, you should have a deep understanding of the background, technology, and market of cryptocurrencies.

Learning basic technical analysis and market analysis can help you better understand market trends.

Risk management: Do not invest more risk capital than you can afford.

Diversify your investments and do not invest all your funds in a single cryptocurrency or project.

Regulation and security: There are regulatory risks in the cryptocurrency market, and investors should pay attention to changes in relevant policies and regulations.

Protect personal information and assets to avoid risks such as phishing or fraud.