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The FBI has accused North Korea of orchestrating a massive $1.4 billion hack on crypto exchange Bybit, making it one of the largest crypto thefts in history. The attack, linked to the state-sponsored TraderTraitor group, resulted in the theft of Ethereum funds.
With North Koreaโs cybercriminals increasingly targeting financial platforms, the FBI warns exchanges to bolster security against such sophisticated threats.
#general knowledge#affairsmastery#generalknowledge#current events#current news#upscaspirants#upsc#generalknowledgeindia#world news#breaking news#news#government#general news#technology#fbi#fbi international#trump#north korea#bybit#bybit hack#coinbase#bitcoin#crypto market#ethereum#crypto#blockchain#cryptocurrency#cryptoinvesting#digitalcurrency#cybercrime
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๐จย BREAKING NEWS ALERT!ย ๐จ ๐ฅย The Bybit Hacker Wanted!ย ๐ฅ
Authorities are on the hunt for a hacker who breached the Bybit cryptocurrency exchange, stealing millions in digital assets. ๐ป๐ฐ The hacker's identity remains unknown, but cybersecurity experts are working tirelessly to track them down. ๐ต๏ธโโ๏ธ๐
๐ย Read the full story here:ย https://tinyurl.com/32wvvvm5
๐ฌย What do you think about this cyber heist?ย Let us know in the comments! ๐
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FBI Takes on North Korea's Infamous Lazarus Group in Record-Breaking $1.5 Billion Crypto Heist
The Federal Bureau of Investigation (FBI) has joined the search for North Koreaโs Lazarus Group, the cybercriminal organization behind the massive Bybit hack. The attack, which resulted in the theft of Ethereum (ETH) valued at $1.5 billion, is now regarded as one of the largest crypto heists in history. Security companies Verichains and Sygnia claim that the attack did not originate from withinโฆ
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Crypto Today: Hacks, Lawsuits, and Big Changes in 2025
The future of cryptocurrency: A high-tech look at Bitcoin, Ethereum, and blockchain innovation in 2025. Cryptocurrency is never boring, and today is no exception. Weโre witnessing major market shifts, security breaches, legal battles, and even political fights over meme coins. Whether youโre a seasoned investor or just keeping an eye on the space, these stories are shaping the future of cryptoโฆ
#Altcoins#Bitcoin#Blockchain#Bybit Hack#Coinbase Lawsuit#Crypto Adoption#Crypto Hacks#Crypto Innovation#Crypto Investing#Crypto Law#Crypto Market#Crypto News#Crypto Politics#Crypto Regulation#Crypto Security#Cryptocurrency#Cybersecurity#DeFi#Digital Assets#Ethereum#Finance News#SEC Crypto#Tech News#Trump Meme Coin#Web3
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Ethereum To 10K or 1K NEXT!! Must See This Before You Buy!!
#youtube#bitcoin#ethereum#eth#btc#btcbull#presale#meme#memes#memecoin#memecoins#meme coins#meme coin#news#hype#musk#nvidia#bybit#bybithack#bybit hack
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#crypto#politics#us politics#political#donald trump#president trump#elon musk#news#american politics#jd vance#law#money#cryptocurrency#etherium#database#fraud#hacked#billions#economic#economics#economy#government#banks#cash#market#6% drop#investments#investors#us policy#bybit
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Bybit hit with $1.5 billion cryptocurrency havk
#bybit#crime#crypto#cryptocurrency#currency#Ethereum#hack#memes#money#news#steal#tech#technology#theft
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Ethereum rollback deemed 'technically intractable' amid Bybit hack pressure
Read Full Article ๐
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Trump Administration Backs Off on Countering Russian Cyber Foes
After years of Russian cyber aggression against the United States and its longtime alliesโincluding repeated election meddling, hack and leak operations, disinformation campaigns, elaborate espionage, and brazen, disruptive cyberattacksโmultiple recent actions from the Trump administration have recast the US stance on the cybersecurity threats posed by the Kremlin, downplaying the risks of Russian hackers as US adversaries. The about-face comes as Donald Trump and Russian president Vladimir Putin have increasingly strengthened their ties. Consistent US intelligence community assessments of Russia's activity in cyberspace and the threat it poses to the US would indicate, though, that such a change in approach could put the US at risk.
That deprioritization of the Russia threat has come in several different forms. US State Department deputy assistant secretary for international cybersecurity Liesyl Franz said during a speech in a United Nations working group last week that the US is concerned about digital attacks from China and Iran, but did not mention Russia. A recent memo distributed at the Cybersecurity and Infrastructure Security Agency laid out priorities for the agency, focusing on China and defense of US systems but omitted any reference to Russia. And on Friday, the cybersecurity news outlet The Record reported that, last week, Defense Secretary Pete Hegseth ordered US Cyber Command to stop all cyber operational planning against Russia, including offensive digital campaigns.
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Weekly Malware & Threats Roundup | 24 Feb - 02 Mar 2025
1๏ธโฃ ๐ก๐ผ๐ฟ๐๐ต ๐๐ผ๐ฟ๐ฒ๐ฎ๐ป ๐๐ฎ๐ฐ๐ธ๐ฒ๐ฟ๐ ๐๐ถ๐ป๐ธ๐ฒ๐ฑ ๐๐ผ $๐ญ.๐ฑ ๐๐ถ๐น๐น๐ถ๐ผ๐ป ๐๐๐๐ถ๐ ๐๐ฟ๐๐ฝ๐๐ผ ๐๐ฒ๐ถ๐๐ North Korea's Lazarus hacking group has been identified as responsible for the largest cryptocurrency heist in history, stealing over $1.5 billion from ByBit. Source: https://www.bleepingcomputer.com/news/security/north-korean-hackers-linked-to-15-billion-bybit-crypto-heist/
2๏ธโฃ ๐๐ถ๐๏ฟฝ๏ฟฝ๏ฟฝ๏ฟฝ๐ฒ๐ป๐ผ๐บ ๐๐ฎ๐บ๐ฝ๐ฎ๐ถ๐ด๐ป ๐๐ถ๐๐๐ฟ๐ถ๐ฏ๐๐๐ฒ๐ ๐ ๐ฎ๐น๐๐ฎ๐ฟ๐ฒ ๐๐ถ๐ฎ ๐๐ฎ๐ธ๐ฒ ๐๐ถ๐๐๐๐ฏ ๐ฅ๐ฒ๐ฝ๐ผ๐๐ถ๐๐ผ๐ฟ๐ถ๐ฒ๐ Attackers are using fake GitHub projects to distribute stealers, backdoors, and cryptocurrency wallet clippers, targeting developers globally. Source: https://securelist.com/gitvenom-campaign/115694/
3๏ธโฃ ๐ฎ,๐ฑ๐ฌ๐ฌ+ ๐ง๐ฟ๐๐ฒ๐๐ถ๐ด๐ต๐.๐๐๐ ๐๐ฟ๐ถ๐๐ฒ๐ฟ ๐ฉ๐ฎ๐ฟ๐ถ๐ฎ๐ป๐๐ ๐๐
๐ฝ๐น๐ผ๐ถ๐๐ฒ๐ฑ ๐๐ผ ๐๐ฒ๐ฝ๐น๐ผ๐ ๐๐ถ๐ฑ๐ฑ๐ฒ๐ป๐๐ต๐ฌ๐๐ ๐ฅ๐๐ง A large-scale campaign abuses a vulnerable Windows driver to evade EDR systems and deploy remote access trojans. Source: https://research.checkpoint.com/2025/large-scale-exploitation-of-legacy-driver/
4๏ธโฃ ๐ก๐ฒ๐ ๐ ๐ฎ๐น๐๐ฎ๐ฟ๐ฒ ๐๐ฎ๐บ๐ฝ๐ฎ๐ถ๐ด๐ป ๐จ๐๐ฒ๐ ๐๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฑ ๐ฆ๐ผ๐ณ๐๐๐ฎ๐ฟ๐ฒ ๐๐ผ ๐ฆ๐ฝ๐ฟ๐ฒ๐ฎ๐ฑ ๐๐๐บ๐บ๐ฎ ๐ฎ๐ป๐ฑ ๐๐๐ฅ ๐ฆ๐๐ฒ๐ฎ๐น๐ฒ๐ฟ Cybercriminals are distributing malware via cracked software downloads, leveraging Dead Drop Resolver techniques to avoid detection. Source: https://asec.ahnlab.com/en/86390/
5๏ธโฃ ๐๐ฟ๐ฎ๐๐๐๐ฎ๐น๐น ๐ ๐ฎ๐น๐๐ฎ๐ฟ๐ฒ ๐๐ฟ๐ฎ๐ถ๐ป๐ ๐๐ฟ๐๐ฝ๐๐ผ ๐ช๐ฎ๐น๐น๐ฒ๐๐ ๐๐ถ๐ฎ ๐๐ฎ๐ธ๐ฒ ๐๐ผ๐ฏ ๐๐ป๐๐ฒ๐ฟ๐๐ถ๐ฒ๐๐ A Russian cybercrime group deceived Web3 job seekers into downloading malware through a fraudulent interview platform. Source: https://www.bleepingcomputer.com/news/security/grasscall-malware-campaign-drains-crypto-wallets-via-fake-job-interviews/
Additional Cybersecurity News:
๐ข ๐ฎ๐ฌ๐ฎ๐ฑ ๐จ๐ป๐ถ๐ ๐ฐ๐ฎ ๐๐ป๐ฐ๐ถ๐ฑ๐ฒ๐ป๐ ๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: ๐๐๐ฏ๐ฒ๐ฟ ๐๐๐๐ฎ๐ฐ๐ธ๐ ๐ฆ๐ต๐ถ๐ณ๐ ๐๐ผ ๐๐ถ๐๐ฟ๐๐ฝ๐๐ถ๐ผ๐ป 86% of major cyber incidents in 2024 resulted in downtime or financial loss, with attackers increasingly focusing on sabotage and data exfiltration. Source: https://www.paloaltonetworks.com/blog/2025/02/incident-response-report-attacks-shift-disruption/
๐ ๐๐ต๐ถ๐ป๐ฒ๐๐ฒ ๐๐๐ฏ๐ฒ๐ฟ ๐๐๐ฝ๐ถ๐ผ๐ป๐ฎ๐ด๐ฒ ๐๐๐บ๐ฝ๐ ๐ญ๐ฑ๐ฌ%, ๐๐ฟ๐ผ๐๐ฑ๐ฆ๐๐ฟ๐ถ๐ธ๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ Chinese state-backed cyber espionage activities surged in 2024, targeting finance, media, and manufacturing sectors. Source: https://www.crowdstrike.com/en-us/global-threat-report/
๐ด ๐ฒ๐ญ% ๐ผ๐ณ ๐๐ฎ๐ฐ๐ธ๐ฒ๐ฟ๐ ๐จ๐๐ฒ ๐ก๐ฒ๐ ๐๐
๐ฝ๐น๐ผ๐ถ๐ ๐๐ผ๐ฑ๐ฒ ๐ช๐ถ๐๐ต๐ถ๐ป ๐ฐ๐ด ๐๐ผ๐๐ฟ๐ ๐ผ๐ณ ๐๐ถ๐๐ฐ๐น๐ผ๐๐๐ฟ๐ฒ Cybercriminals are exploiting newly released vulnerabilities faster than ever, with ransomware attacks targeting healthcare at record levels. Source: https://www.sonicwall.com/threat-report
#CyberSecurity#ThreatIntelligence#Malware#CyberAttack#Ransomware#APT#DataBreach#CyberThreats#ThreatHunting
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State-backed North Korean hackers have stolen $1.5bn (ยฃ1.2bn) of cryptocurrency in the largest heist in history.
Agents from Pyongyang were able to breach the systems of Dubai-based exchange Bybit to steal the digital coin Ether, according to security analysts.
The hackers stole more cryptocurrency in one attack than all the funds stolen by North Korean cyber criminals in 2024, when the rogue stateโs cyber attackers made off with around $1.3bn in digital coins, according to cryptocurrency analysts Chainalysis.
The $1.5bn total eclipses the largest known bank theft of all time, when Saddam Hussein stole $1bn from the Iraqi central bank ahead of the Iraq War in 2003.
The record haul comes as Kim Jong-un, North Koreaโs supreme leader, turns to elite units of computer hackers to prop up the Communist dictatorshipโs failing economy.
Chainalysis said the attack served as a โstark reminderโ of the advanced tactics employed by the countryโs hackers. As well as technical skills, North Korean hackers are adept at what is known as โsocial engineeringโ: manipulating people to do what they want in order to pave the way for a heist.
This can involve developing relationships with targets over email and digital chats, sometimes over a period of months.
Cyber security experts believe North Koreaโs notorious Lazarus Group are the masterminds behind the latest attack. The group has terrorised Western businesses for more than a decade with a series of cyber breaches that have caused billions of dollars in losses.
Elliptic, a cryptocurrency analysis business, said the hacking group was the โmost sophisticated and well-resourced launderer of cryptoassets in existenceโ.
The group is believed to be part of North Koreaโs intelligence agency, the Reconnaissance General Bureau. It has been linked to past attacks including the hack of Sony in 2014, when the group leaked private emails from executives in an attempt to block the release of the comedy film The Interview, which lampooned North Koreaโs supreme leader.
Lazarus Group has also been blamed for a near-$1bn heist from a Bangladeshi bank in 2016 and the global Wannacry cyber attack, which knocked hundreds of thousands of computers offline with damaging ransomware, including NHS systems.
While Pyongyang once relied on its elite hacking cadres to conduct espionage or steal trade secrets, increasingly they have been employed as a weapon of economic warfare to bolster the coffers of the heavily sanctioned regime.
โNorth Korea started using cyber attacks for espionage, stealing R&D and intellectual property,โ said Rafe Pilling, of the cyber security company Secureworks. โSubsequently, they have really capitalised on it as a source of revenue.โ
A Soviet-style focus on science and technology has created a โwhole education pipelineโ for future cyber experts, said Mr Pilling. North Korean science prodigies are identified from a young age, before being pushed to compete in international maths and programming competitions.
The countryโs hackers are prolific. In 2024, they made off with approximately 61pc of the $2.2bn of cryptocurrency stolen globally, according to Chainalysis. Including last weekโs attack, North Korean hackers have stolen upwards of $6bn in cryptocurrency over the last decade.
The thefts offer a substantial boost to the nationโs beleaguered economy and help support its military spending, including its ballistic missile programme. North Koreaโs GDP is estimated at just $28bn and it is heavily reliant on agriculture and trade with its main ally, China.
While most members of Lazarus Group are unknown, the US has issued indictments against several North Korean military figures it believes are linked to the group.
North Korea relies on multiple different hacking techniques, ranging from uncovering so-called โzero dayโ hacks that can break into IT using previously unknown flaws to using fake remote-working contractors to infiltrate US companies.
Cryptocurrency analysis companies including Arkham Intelligence and Elliptic identified Lazarus Group as the likely Bybit hackers. Researchers were able to trace the digital wallets that were used by the hackers to quickly launder their funds, which are recorded on the โblockchainโ technology used by the cryptocurrency industry.
Some of the funds moved through wallets believed to be associated with past North Korean hacking attacks. TRM, a cyber security company, said there were โsubstantial overlaps observed between addresses controlled by the Bybit hackers and those linked to prior North Korean theftsโ.
The North Korean hackers were able to steal the huge crypto haul through a multi-layered and long-planned attack, according to Chainalysis. Hackers gained access to Bybitโs internal systems using so-called โphishingโ email, which prompted an employee to input their login details to a seemingly legitimate website that was actually compromised.
The hackers were then able to gain access to a so-called โcold walletโ โ a supposedly secure cryptocurrency storage device that holds coins offline and away from the internet. When Bybit came to transfer funds from the offline wallet to its online systems, the hackers sabotaged the transfer and stole the funds.
Within minutes the hackers had fed them through a series of other wallets and digital currency exchanges, attempting to obscure their origin by trading them for other coins or passing them through trading houses with no customer checks.
The nature of the cryptocurrency industry, which is virtually unregulated, has made it a haven for cyber attackers to launder funds. Chainalysis said it had worked with exchanges to freeze $40m in funds stolen from Bybit, but far more remained unaccounted for.
North Koreaโs hackers are showing no signs of slowing down. According to Chainalysis, its attackers are getting โbetter and faster at massive exploitsโ.
North Koreaโs cyber prowess allows it to be a โmajor player even if in the real world they are highly isolated,โ Mr Pilling said.
Bybit has said it has โmore than enoughโ assets to cover its losses and insisted the hack was an โisolated incidentโ.
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Complete List of Crypto Exchanges in 2025: Safest and Easiest Platforms to Trade Crypto
Are you new to crypto and wondering where to start? Choosing the right place to buy, sell, and trade can be hardโespecially when there are so many options out there. In this guide, weโll give you a complete list of crypto exchanges in 2025 that are perfect for beginners. These exchanges are simple to use, safe, and trusted by people all over the world.
Whether you're looking for the easiest app or the safest platform, this blog will help you get started in your crypto journey the right way.
What Are Crypto Exchanges?
Crypto exchanges are websites or apps where people can trade digital money like Bitcoin, Ethereum, or other coins. Just like you go to a bank to exchange money, here you can trade one crypto for another, or change crypto into regular money and vice versa.
There are two main types: centralized and decentralized. Centralized exchanges are run by companies. They are easy to use and have good customer support. Decentralized ones are run by users and give you more control, but may be a little harder to understand.
Why the Right Exchange Matters for Beginners
If you're just starting, you need a place that is:
Easy to use
Safe and secure
Offers help when needed
Supports many types of coins
Has low trading fees
This is why checking a trusted crypto exchanges list can make a big difference. It saves you time and helps you avoid risky platforms.
The Complete List of Crypto Exchanges for 2025
Here are some of the safest and easiest platforms for beginners. This digital currency exchange list includes both big names and new players that are gaining popularity in 2025.
1. Binance
Binance is one of the most popular cryptocurrency exchanges in the world. It has a beginner-friendly version called โBinance Liteโ that makes trading simple. You can buy coins with a credit card or even through your bank account.
2. Coinbase
Coinbase is perfect for people just starting out. Itโs super easy to use and comes with simple tools and learning videos. Itโs a favorite on every top 10 cryptocurrency exchanges list because of its strong safety features.
3. Kraken
Kraken is known for its security. It may look a bit technical at first, but theyโve made big changes in 2025 to support beginners. It offers good support and low trading fees too.
4. KuCoin
KuCoin is becoming more popular among new users. It has a clean design and supports hundreds of coins. It also offers free tools for learning, making it a great option on any good cryptocurrency exchanges list.
5. Bitstamp
Bitstamp is one of the oldest exchanges. It's safe and now offers a much easier design for beginners. You can use it on both your computer and phone.
6. Bybit
Bybit is fast-growing and has become more beginner-friendly in 2025. It now supports card payments, quick trades, and has helpful videos for new users.
7. OKX
OKX is another trusted name. It now has a beginner mode with simple buying and selling options. It's also on many top 10 cryptocurrency exchanges charts due to its features and growing user base.
8. Gemini
Gemini is a U.S.-based exchange with very strong safety features. Itโs simple and cleanโperfect for people new to crypto. It also has strong rules to protect your money.
9. MEXC Global
MEXC is a fast-growing platform in 2025. It supports many coins and has made trading easier for people who are just starting. Itโs slowly climbing the crypto currency exchange list for its low fees and support.
10. Uniswap (Decentralized)
If you want more control, Uniswap is a great choice. Itโs part of the decentralized crypto exchange list and doesnโt need you to sign up with personal info. Itโs not as beginner-friendly as others, but it gives full control over your money.
What Makes an Exchange Safe?
Not every platform is safe. A good exchange should have:
Two-step login security
Insurance in case of hacks
A history of strong protection
No major scams or issues
Before using any platform from a list of crypto exchanges, always read reviews and check if the company is known and trusted.
What to Look For in a Beginner-Friendly Exchange
Here are a few features you should look for:
Easy sign-up process
Simple design and layout
Fast ways to buy and sell coins
Learning tools and guides
Helpful customer support
If an exchange has all these features, youโre in good hands.
Centralized vs. Decentralized Exchanges
Centralized exchanges are easier for beginners. You donโt need to worry much about technical stuff. But decentralized platforms give you full control over your coins. If youโre ready for a challenge, the decentralized crypto exchange list has great options too.
Final Thoughts
Getting started in crypto is exciting, and choosing the right exchange is a big first step. With this complete list of crypto exchanges in 2025, you now know where to look. These platforms are beginner-friendly, safe, and offer everything you need to start your crypto journey with confidence.
Always remember: start small, do your research, and never share your private info. With the right platform, earning and trading crypto can be fun, safe, and easyโeven for someone just starting out.
#crypto exchange#exchange list#digital currency exchange list#decentralized crypto exchange list#top 10 cryptocurrency exchanges#cryptocurrency exchanges#crypto currency exchange list
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Beginnerโs Guide to Cryptocurrencies: Learn How to Make Money Safely

Beginnerโs Guide to Cryptocurrencies: Learn How to Make Money Safely
If youโre just starting out with digital currencies, donโt worryโyouโre in good company! Cryptocurrencies can feel overwhelming at first, but with the right guidance, anyone can grasp how they work and how to invest safely.This guide will break down the basics, explain how cryptocurrency operates, and walk you through the essential steps to start investing wisely.By the end, youโll have a solid foundation in cryptocurrency, security tips to protect your investments, and insights into the best strategies to make money safely in 2025. What is Cryptocurrency? ryptocurrency, often called "crypto," is a form of digital currency that exists purely in electronic form. Unlike the cash in your wallet or the balance in your bank account, cryptocurrencies are decentralized, meaning they are not controlled by any government or financial institution.Instead, they operate on blockchain technologyโa secure, transparent ledger that records all transactions in a way that is nearly impossible to alter. How Does Cryptocurrency Work? Imagine a digital notebook where every transaction is permanently recorded and visible to everyone. This notebook is known as the blockchain. Each transaction is verified by a network of computers, making it highly secure and resistant to fraud.Unlike traditional banking systems, where a central authority like a bank processes transactions, cryptocurrencies rely on a decentralized system. This means users have more control over their funds, but it also means they are responsible for keeping their investments safe. Why is Cryptocurrency Popular? There are several reasons why cryptocurrency has gained so much attention over the years:- Decentralization: No single entity has control over cryptocurrencies. - Security: Transactions are encrypted, making them highly secure. - Transparency: Blockchain records all transactions, ensuring accountability. - Growth Potential: Many investors view cryptocurrencies as a promising new financial opportunity.Whether you want to use crypto for everyday purchases, transfer money internationally, or invest in the long term, understanding how it works is the first step.

How to Invest in Cryptocurrency for Beginners If youโre ready to take the plunge into cryptocurrency investing, follow these steps to ensure a smooth and secure experience. Step 1: Choose a Cryptocurrency Exchange Before you can buy cryptocurrency, youโll need to create an account on a cryptocurrency exchange. Think of an exchange as an online marketplace where you can trade digital currencies.Popular platforms like Bybit, Coinbase, and Kraken offer user-friendly interfaces, making them ideal for beginners.๐ฅ Looking for a secure and easy-to-use exchange? Start your crypto journey with Bybit and enjoy seamless trading with exclusive bonuses! ๐ Sign Up for Bybit Now Step 2: Decide on the Cryptocurrency to Invest In With thousands of cryptocurrencies to choose from, selecting the right one can feel daunting.For beginners, it's often best to start with well-established options like Bitcoin (BTC) or Ethereum (ETH), as they tend to be more stable and widely accepted. These coins have a proven track record and are generally less risky compared to newer, lesser-known cryptocurrencies. Step 3: Set Up a Secure Wallet Once youโve chosen an exchange and purchased your cryptocurrency, you need a place to store it. Cryptocurrency wallets come in two main types:- Hot Wallets: These are online wallets connected to the internet, making them convenient but also more vulnerable to hacking. - Cold Wallets: These are offline wallets (like hardware devices or paper wallets) that provide better security for long-term storage.For beginners, a combination of both types is recommendedโuse a hot wallet for small, frequent transactions and a cold wallet for large investments. Step 4: Make Your First Purchase Once your wallet is set up, you can buy your first cryptocurrency.You donโt have to purchase a whole Bitcoin or Ethereumโyou can buy fractions of a coin based on your budget. After purchasing, the cryptocurrency will be stored in your wallet. Step 5: Develop an Investment Strategy Investing in cryptocurrency isnโt just about buying and holdingโitโs about having a plan. Some common strategies include:- HODLing: Holding onto your crypto for the long term, regardless of market fluctuations. - Trading: Actively buying and selling crypto to take advantage of price swings. - Staking: Earning passive income by locking up your crypto to support blockchain operations.Understanding these strategies will help you make informed investment decisions.Correlated Article:

How to Travel the World and Make Money: The Digital Nomadโs Guide to Earning with Cryptocurrencies

Risks of Investing in Cryptocurrency While cryptocurrency has the potential for high returns, it also comes with risks. Here are some key factors to be aware of: 1. Scams and Fraud Scammers often prey on beginners with fake investment schemes, phishing attacks, and pump-and-dump schemes. Always research projects thoroughly before investing your money. 2. High Volatility Cryptocurrency prices can change dramatically within hours. While this presents an opportunity for profit, it also means you can lose money just as quickly. Itโs essential to be prepared for market swings. 3. Lack of Regulation Unlike traditional investments, cryptocurrency is still relatively unregulated in many countries. This means fewer protections for investors and a higher risk of encountering scams or fraudulent projects. 4. Security Threats Although blockchain technology is secure, hackers frequently target exchanges and wallets. Always use strong passwords, enable two-factor authentication (2FA), and consider using a hardware wallet for extra security. Best Crypto for Beginners to Invest In If youโre unsure where to start, here are some of the most beginner-friendly cryptocurrencies:- Bitcoin (BTC): The original and most well-known cryptocurrency, often considered the safest bet for new investors. - Ethereum (ETH): Known for its smart contract capabilities, Ethereum is a great choice for those interested in blockchain applications. - Litecoin (LTC): Offers faster transactions and lower fees than Bitcoin. - Binance Coin (BNB): Useful for those trading on Binance and involved in the broader crypto ecosystem. - Cardano (ADA): A research-driven cryptocurrency focusing on sustainability and scalability.Starting with these established coins can help reduce risk while you learn the ropes.

Cryptocurrency Security Tips Keeping your crypto safe is crucial. Follow these best practices to protect your investments: 1. Use Strong Passwords & Enable 2FA Create long, unique passwords for your exchange and wallet accounts. Use two-factor authentication (2FA) for an extra layer of security. 2. Store Large Amounts in a Cold Wallet For secure, long-term storage, use a hardware wallet such as Ledger or Trezor. Keeping your funds offline adds an extra layer of protection, making it much harder for hackers to gain access. 3. Avoid Suspicious Links & Scams Never click on unsolicited emails, fake airdrops, or suspicious investment offers. Scammers often impersonate crypto platforms to steal your credentials. 4. Use Reputable Exchanges & Wallets Stick to well-known platforms with strong security measures. Always verify websites before entering sensitive information. Conclusion: Your Next Steps in The Crypto Market Cryptocurrency can be an exciting and profitable investment if approached wisely. This guide has provided you with the essential knowledge to get started safely.Whether you choose to buy and hold Bitcoin, trade Ethereum, or explore new investment opportunities, the key is to start slowly, stay informed, and always prioritize security. Ready to take your first step into cryptocurrency trading? Bybit offers a secure, beginner-friendly platform to buy, sell, and trade crypto.Sign up today and take advantage of exclusive bonuses! ๐ Join Bybit Now and Claim Your Welcome Bonus
Frequently Asked Questions (FAQs) about Cryptocurrency Trading for Beginners
Is cryptocurrency legal? Yes, cryptocurrency is legal in many countries, but regulations vary. Some countries fully support it, while others impose restrictions or bans.Always check your local laws before investing. How much money do I need to start investing in cryptocurrency? You can start with as little as $10, depending on the exchange. Many platforms allow fractional purchases, meaning you donโt need to buy a whole Bitcoin or Ethereum. What is the safest way to store cryptocurrency? A hardware (cold) wallet is the safest option for long-term storage. It keeps your crypto offline, making it less vulnerable to hacking. Use a combination of hot and cold wallets for security and convenience. Can I lose money in cryptocurrency? Yes, due to market volatility, cryptocurrency prices can rise and fall dramatically. You can lose money if the market drops or if you invest in a scam. Only invest what you can afford to lose. How do I avoid cryptocurrency scams? - Use reputable exchanges and wallets. - Enable two-factor authentication (2FA). - Avoid unsolicited investment offers and emails. - Verify the legitimacy of projects before investing. Should I invest in new cryptocurrencies? New cryptocurrencies can offer high rewards but also carry high risks. Some are legitimate, while others are scams. Conduct thorough research before investing in any new digital asset. What are gas fees? Gas fees are transaction fees paid to process transactions on a blockchain. Networks like Ethereum require gas fees for smart contract operations, and these fees can fluctuate depending on network demand. Can I earn passive income with cryptocurrency? Yes! Some ways to earn passive income include:- Staking: Locking up your crypto to support blockchain operations and earn rewards. - Yield farming: Providing liquidity to decentralized finance (DeFi) protocols for returns. - Lending: Lending your crypto to earn interest on platforms like Aave or Compound. Is cryptocurrency taxed? In many countries, cryptocurrency is subject to capital gains tax. Selling crypto for a profit, trading, or earning through staking may require tax reporting. Check your local tax laws to ensure compliance. What happens if I lose access to my wallet? If you lose access and do not have your backup seed phrase, you may lose your funds permanently. Always store your seed phrase securely in a physical location, never online. What is the difference between a coin and a token? - Coin: A cryptocurrency that operates on its own blockchain (e.g., Bitcoin, Ethereum). - Token: A digital asset that operates on an existing blockchain (e.g., ERC-20 tokens on Ethereum). How do I send cryptocurrency to someone else? - Copy the recipientโs wallet address. - Paste the address into your walletโs โSendโ section. - Choose the amount to send and confirm the transaction. - Double-check the address before finalizing the transaction to avoid errors. How long does a cryptocurrency transaction take? Transaction times vary depending on the blockchain network and congestion. Bitcoin transactions can take 10 minutes to an hour, while Ethereum transactions typically take a few minutes. Some blockchains, like Solana, offer near-instant transactions. What is a blockchain fork? A fork occurs when a blockchain network splits into two separate versions due to changes in protocol or disagreements in the community. Hard forks (e.g., Bitcoin Cash from Bitcoin) create a new chain, while soft forks update an existing chain without splitting. What are the best cryptocurrencies for beginners to invest in? Some beginner-friendly cryptocurrencies include:- Bitcoin (BTC): The most established and widely accepted cryptocurrency. - Ethereum (ETH): Known for smart contracts and decentralized applications. - Litecoin (LTC): Offers faster transactions and lower fees than Bitcoin. - Cardano (ADA): A research-driven cryptocurrency focused on sustainability. Can I use cryptocurrency for everyday purchases? Yes! Many businesses accept cryptocurrency for payments, and crypto debit cards allow users to spend their digital assets like cash. However, adoption varies by location. What is a stablecoin? A stablecoin is a cryptocurrency designed to maintain a stable value by being pegged to a fiat currency (e.g., USDT, USDC). These are useful for reducing volatility and making transactions easier. What is DeFi (Decentralized Finance)? DeFi is a blockchain-based financial system that eliminates traditional intermediaries like banks. It offers services such as lending, borrowing, and trading through smart contracts on platforms like Uniswap and Aave. Can I mine cryptocurrency? Yes, but mining is not as profitable for individuals as it used to be. Bitcoin mining requires specialized hardware (ASICs), while other cryptocurrencies like Ethereum (until its transition to proof-of-stake) could be mined with GPUs. What is an NFT (Non-Fungible Token)? NFTs are unique digital assets that represent ownership of art, music, virtual goods, and more. Unlike cryptocurrencies, each NFT is one of a kind and cannot be exchanged on a one-to-one basis. How do I track my crypto investments? You can track your portfolio using crypto tracking apps like:- CoinMarketCap - CoinGecko - Blockfolio - Delta What happens to my cryptocurrency if I die? Without proper estate planning, your cryptocurrency could be lost forever. To ensure your assets are passed on, store your private keys and seed phrases securely and designate a trusted person to access them. What is a rug pull? A rug pull is a type of scam in which developers abandon a project after raising funds, leaving investors with worthless tokens. Read the full article
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