Basic information
A) CRYPTOCURRENCY- is a digital medium of exchange using strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Think of it as store of value or money of new era.
B) FIAT CURRENCY is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit.
C) ABBREVIATIONS
C1) ZAR>South African Rand
C2) USD>United States Dollar
C3) EUR>EURO
C4) GBP>Great Britain Pound
C5) BTC>Bitcoin
C6) BCH>Bitcoin Cash
C7) ETH>Ethereum
C8) ETC>Ethereum Classic
C9) LTC>Litecoin
C10) DASH>Dashcoin
C11) DOGE>Dogecoin
C12) XRP>Ripple
C13) XMR>Moneo
C14) TRON>Tron
C15) ZEN>Zcash
C16) XZC>Zcoin
C17) NANO>Nano
C18) BNB>Binance
C19) USDT>USD Teather
C20) USDC>USD Coin
C21) DGB>DigiByte
D) NFTS
D1) NFT Means Non-Fungible Token eg. Plain Ticket
D2) NFT-is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio.
D3) It's generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that's where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.
D4) NFT Coins are any cryptocurrency coins used to support NFT's ecosystems.
D5) NFTs are pieces of cryptographic tokens that exist on a blockchain. They’re used for real-world items like artwork, music art, and even real estate but in a virtual capacity. Unlike cryptocurrencies, NFTs cannot be traded or exchanged because they are not identical to one another.
E) CRYPTO CALCULATIONS
E1) One Bitcoin is made up of 100 million Satoshis, or micro Bitcoins; hence, it is written with eight zeros:
1.00000000 BTC, along with all the altcoins.
E2) EXAMPLES OF MARKET PRICES
USD/ZAR=R15.00
BTC/USD=$50,000.00
BTC/ZAR=R750,000.00= 100% BTC
E3) 75 Million Satoshi is Written:
0.75000000=75% BTC
0.75000000 BTC= $37,500.00 = R562,000.00
E4) 50 Million Micro-BTC is Written:
0.50000000=50% BTC
0.50000000 BTC= $25,000.00= R375,000.00
E5) 25 Million Satoshi is Written:
0.25000000=25% BTC
0.25000000= $12,500.00= R187,500.00
E6) 10 Million Micro-BTC is Written:
0.10000000=10% BTC
0.10000000 BTC= $5,000.00= R75,000.00
E7) 1 Million Satoshi is Written:
0.01000000=01% BTC
0.01000000 BTC= $500.00= R7,500.00
E8) 100 Thousand Micro-BTC is Written:
0.00100000=0.1% BTC
0.00100000 BTC= $50.00= R750.00
E9) 10 Thousand Satoshi is Written:
0.00010000=0.01% BTC
0.00010000 BTC= $5.00= R75.00
E10) 01 Thousand Micro-BTC is Written:
0.00001000=0.001% BTC
0.00001000 BTC= $0.50 =R7.50
E11) 01 Hundred Satoshi is Written:
0.00000100=0.0001% BTC
0.00000100 BTC= $0.05= R0.75
E12)10 Micro-BTC is Written:
0.00000010=0.00001% BTC
0.00000010= $0.005= R0.075
E13) 01 Satoshi is Written:
0.00000001=0.000001% BTC
0.00000001 BTC= $0.0005= R0.0075
THE MARKET PRICES VARIES EVERYDAY, THESE ARE EXAMPLES & GUIDELINES ONLY.
E14) For accurate calculations, you can get real-time data on:
F) TRANSACTIONS
F1 DEPOSITS
F1A) When you deposit funds into your BTC wallet, deposit them to your BTC deposit address, which is also found in your BTC wallet and applies to your respective altcoins.
F1B) When you deposit funds into an investment platform, you create a deposit in your investment platform. Choose the plan you want to buy and a currency. Put the specific amount you want to deposit, generate a one-time BTC address, which is sometimes time-sensitive, and send the exact amount of BTC to that address using your BTC wallet, considering wallet charges. It's done; just wait for confirmations. It's automatic, but if you put in more or less, they might need to confirm your deposit manually, which might take time. (The same procedure applies to altcoins.)
F2) WITHDRAWALS
F2A) When withdrawing funds from an investment platform, you use your BTC deposit address from your BTC wallet.
F2B) When withdrawing funds from the wallet to your investment portfolio, you use a one-time deposit address from your investment portfolio, which is sometimes timed to receive that deposit within a certain period.
G) MORE ABOUT TRANSACTIONS
G1) All cryptocurrencies use addresses to conduct their transactions.
G2) An Example of a Bitcoin(BTC) Address:
3Fbp7AJ1O9wMQ4upuJsSJZUY5Q0qgagh4j
G3) If you want to use any coin address, please don't try to copy one by one. Select all, copy, and paste it wherever needed.
G4) Deposits and withdrawals take up to 48 hours to process, but if it takes longer than that, you need to email admin/support with your email, username, and transaction ID (must be emailed to you by your BTC wallet or investment platform when the deposit/withdrawal is completed).
G5) Do not use a BTC address to withdraw or deposit Bitcoin Cash, Litecoin, or any other altcoin. You will lose funds. A BTC address is only meant for Bitcoin.
H) WHY DO WE EMPHASIZE ON SECURITY?
Blockchain uses a transparent system for everyone's crypto transactions; that is where we all get caught. Hence, we use security and a VPN to be private and untraceable online when doing transactions.
I) SAFETY CHECK LIST.
I1) Do not share your login and passwords with anyone.
I2) You need Cyber Security Services if your device doesn't provide them.
I3) One VPN/proxy must always be on while safely browsing.
I4) One account per person; otherwise, you'll be blocked if you try to be innovative.
I5) Make sure you know what you are doing, especially when you deposit and withdraw, because you might lose funds, and that's really not the aim. Any wrong transaction is your loss.
I6) Don't share addresses with your loved ones because it might be considered wrong and you could be blocked for duplicate accounts.
I7) Keep all your wallet deposit and withdrawal addresses safe, because if tampered with, they will take your funds in the wrong direction.
I8) Treat each and every website as a single company with unique standards that are governed by rules.
I9) Make sure you use a functional email and phone number to be verified.
I10) When applying for a job on the careers page, please make sure that you're familiar with the location of the position you are applying for.
J) To Learn More Skills Online Click Below Images
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