HOW TO CREATE A CASH-FLOW BUSINESS WITH STEEMIT AND CRYPTOS DAY 4

in howto •  6 years ago 

You are most welcome to today's tutorial.
I'm so excited that you are actually looking out for my next post.

In our previous tutorial, we've seen the endless possibilities attached to our earned Steem dollars.

Remember, the purpose of this tutorial is to Keep It Simple

In today's tutorial, we are going to get acquited with the world of cryptocurrencies.

What are Cryptocurrencies?

image-3046639_960_720.png
source

In simple terms, Cryptocurrencies are digital currencies. Unlike fiat currencies, they are not in the form of a paper.
They can be used for buying and selling online.
You can trade one-on-one with anyone in the world using cryptocurrencies.

For instance:

Let's assume you are a graphics designer. With the aid of cryptocurrencies, you can get paid instantly for your product by anyone in any part of the world. Without Cryptos, it's a very long process to get paid.

Examples of cryptocurrencies

The most popular Cryptocurrency right now is Bitcoin, but that won't be for long. With the advent of Steem.
More examples of Cryptocurrencies are Steem, Steem dollars, Ethereum, Eos, Bitshares, Neo, etc

You can see a list of the popular cryptocurrencies here

coinmk.JPG
source

You can also check out their prices in your local currency here

coinck.JPG
source

In our next tutorial, we are going to see how to exchange one cryptocurrency to another.

Before then, I'll appreciate if you leave your thoughts and comments below.

Thanks!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

WARNING! The comment below by @nirayma leads to a known phishing site that could steal your account.
Do not open links from users you do not trust. Do not provide your private keys to any third party websites.

Thanks @guard

WARNING - The message you received from @nirayma is a CONFIRMED SCAM!
DO NOT FOLLOW any instruction and DO NOT CLICK on any link in the comment!
For more information, read this post: https://steemit.com/steemit/@arcange/phishing-site-reported-www-steemitfollowup-dot-cf
Please consider to upvote this warning if you find my work to protect you and the platform valuable. Your support is welcome!