Last updated on December 5th, 2023 at 07:43 am
How to become an expert in cryptocurrency trading with the right course
What is Cryptocurrency?
Cryptocurrency, also known as crypto, is an encrypted string of data that denotes a unit of currency. It is organized and kept in check with the use of blockchain technology. This technology also makes this crypto-investing more secure and safe e.g., buying, selling, and transferring. Cryptos are decentralized; that is, they are issued by the government or financial institutions as physical money, hence, which makes them secure.
With the help of the process of mining makes use of cryptographic algorithms to maintain and organize these cryptocurrencies, which are processed and validated by computers with specialized hardware and application-specific integrated circuits (ASICs). The transactions of this crypto are also maintained by these computers.
How does Crypto Currency work?
Cryptocurrencies are not controlled by any government or any other financial institution. Cryptocurrency makes use of digital currency or digital coins, which ensures that they are outside of the banking system.
The three important processes involved in cryptocurrency are:
1. Mining
Cryptocurrencies are generated through a complex process called mining. Miners have to solve a mathematical puzzle with the help of a specialised computer; in return, they earn bitcoins as rewards.
In an ideal world, a normal person would take 10 minutes to mine a bitcoin, but in reality, it takes 30 days to mine a bitcoin.
2. Buying, selling and storing
Crypto can be bought or sold from brokers, central exchangers, etc. Exchanges done using these digital currencies which are coin based are easy to buy and sell.
Once bought these cryptocurrencies are stored in a digital wallet. These digital wallets can be of two types; that is, hot or cold. A hot wallet means that it is constantly connected to the internet, which makes transactions easy between users but it increases the risk of theft or fraud. On the other hand, cold wallets are not connected to the internet, which protects them from thefts and fraud but makes transactions between users very difficult.
3. Transacting or Investing
Cryptocurrencies can be easily transacted; that is, transferred from one digital wallet to another one through smartphones. Once we own some cryptocurrencies the possibilities where we can use them are either to buy or sell goods, exchange them as money or trade with them.
The easiest way of buying these cryptocurrencies is through debit card transactions. These cryptocurrencies can easily be exchanged for money through banging accounts or peer-to-peer transactions.
What are the types of Crypto Currency?
In 2022, it was found that there were 10,000 and more cryptos present in the real world. Some of them are mentioned below:
1. Bitcoin
2. Ethereum (ETH)
3. Alt Coin
4. Tether (USDT)
5. USD Coin (USDC)
6. XRP
How SP Jain Fintech Program would help you in becoming an expert in cryptocurrency trading?
Having the best source for learning about cryptocurrency trading is a very important requirement, but finding the right course that can teach you everything about is very difficult to find. Hence to make it easy for common individuals to understand and invest in cryptocurrency properly, SP Jain School of Global Management in collaboration with Imarticus learning is providing Asia’s biggest fintech training program.
This program provides its users:
· An Industry oriented curriculum, where all the latest global trends on finance, technologies which help these finances and digital currencies are thought and practiced throughout the course. Experts who are currently working and are striving to be the best in these respective industries and know all about the various variables in these fintech courses will mentor you about all the advantages, uses, where to invest, where to not and many more things.
· The fintech training program also provides various webinars and workshops done by industry specialists about various finances and technologies that help to monitor and utilize cryptocurrencies and also about the latest global trends happening in the world currently.
· This program is divided into two different phases. The core phase is where all the basics of fintech are taught like Blockchain, AI and RPA. The other phase is the pro-phase where students are trained to become pros in the fintech industry by mentors who are already part of this industry.
To know more about the course you can download a detailed brochure about this training program through the website. To register for the course the same link can be made use of and from there, your fintech training program will start. For more information on the program, you can visit the website or contact chat support, or drive to our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad.
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