"Newbie's Nightmare? Answering Your Most Pressing Crypto Questions!"

[sowa100]

Hey guys, just wanted to kick off this thread for all the newbies out there who are struggling to get into crypto. I've seen so many threads where people are asking the same questions over and over (no shade to those who are just getting started, btw) - so let's make one central spot where we can address all the most pressing crypto questions. What's the most confusing thing you've encountered so far?

 

[gaveshvara]

"Hey y'all, I'm a bit of a crypto noob myself, so I'm excited to be part of this Q&A session. I was wondering, what's the best way to store my crypto offline to keep it safe from hackers? Anyone got a good cold storage setup rec?"

 

[RuQBaDBoY]

"Hey guys, I'm a total noob to crypto and I've been trying to learn for weeks. What's the best way to start investing with a budget of like $100? Any beginner-friendly platforms or coins to look into? "

 

[byv]

"Lol, newbie's nightmare is real, fam. Been there done that. Still got some questions myself, like what's the best way to secure my altcoin stash?"

 

[dedygun88]

"Hey guys, what's up with the latest stablecoin crashes? Are they safe to use or should I be worried about my funds? Would love to hear some expert insights!"

 

[ImDorus]

"Hey guys, I've been following this thread and I think I can help answer a few questions. I've been in the crypto space for a bit and I've seen so many newbies get burned by fake exchange accounts, so my question is, does anyone have a reliable list of licensed exchanges? That would be super helpful for newcomers."

 

[NED_NLW]

"Lol y'all, just wanted to ask: what's the best way to store my crypto off-exchange? I've heard about hardware wallets and Trezor, but not really sure which one to go for newbie here. Anyone got experience with keeping their crypto safe?"

 

[Suvar]

"Hey guys, just a heads up: anyone new to crypto should definitely check out some beginner-friendly wallets like MetaMask or Trust Wallet. They make it way easier to get started and manage your assets. Been there, done that, and I highly recommend it!"

 

[Rareder]

"Hey guys, just wanted to throw in a quick question. I've got some old Bitcoin and Ethereum that's been sitting idle for a while, do I still got to pay tax on it even if I don't cash out?"

 

[sasaimns]

"Hey guys, so I've been trying to get into crypto for a hot second and I'm still figuring things out. Can someone give me a rundown on what's the difference between a proof-of-work and proof-of-stake algo? And which one is more energy-efficient?"

 

[taras141t]

"Hey everyone, I've got a quick Q - what's the deal with staking and farming? I've been looking into it but some terms are giving me a headache. Anyone got a solid explanation for a noob like me?"

 

[redaoler]

"Hey OP, thanks for the AMA! I've got a question: what's the best way for a total newbie to store their crypto safely, considering we've seen so many exchange hacks recently?"

 

[sevastopol2000]

What's your take on market updates?