A Beginners Guide to Crypto

Hey guys! I am from twitter. I have been in web 3 for two years and wanted to give you guys some educational content so you guys can explore the web 3 space safely.

Firstly there are three blockchains we mainly use and the (main) wallets they use.

Ethereum Blockchain - Metamask Wallet

Solana Blockchain - Phantom Wallet

Polygon Blockchain - (rainbow wallet or Metamask wallet)

I won't post links to enforce good habits but you can easily google it and find the appropriate links. On most of these wallets you have a (Secret Recovery Phrase) also called a "Seedphrase". This is usually a 12 word phrase that is your password. Think of it like the master key. When you get this password, you want to write it down somewhere and hide it somewhere you KNOW you can find it! If you lose this password, there is a huge possibility you will never be able to recover your wallet. Most of these wallets are browser extensions but have mobile apps too. Even with these mobile apps I personally use browsers for 99% of my crypto interactions. On most of these wallets you can deposit money through the wallet itself, but I like to use FTX and an exchange to buy and sell my crypto. If you're outside of the US you can just use FTX but if you're in the US just use FTX.US. So you have your wallets, and you have your crypto. Now what?

Here are rules you should follow to stay safe. - Never click links in your dms, always look it up yourself "unless you know a trusted source". - When you buy NFTs, make sure you are buying the verified collection before purchasing any NFTs. - Wallet safety: If you get airdropped any digital collectibles (without knowing) do not click them, these are usually scam NFTs. Anything that says "Free Airdrop, Official NFTs, or Birthday NFTs" is fake. - Connecting your wallet to sites: Make sure you are careful with the websites you connect to, always verify with at least one other person before connecting your wallet! - Do not give out your “Secret Recovery Phrase” to anyone! If anyone asks for it please do not give it out. - Just in case: In case you mess up and click the wrong link, or etc. Create at least two wallets. Wallet 1 is a burner wallet: This wallet is used to buy NFTs from websites this wallet should only have the amount of funds you need to use. The point of this wallet is that in case your wallet gets drained only a limited amount of funds get taken away. Wallet 2 is your main wallet: This wallet doesn't interact with unknown websites etc this is where you can send digital collectibles you want to hold, and tokens you want to accumulate over time. This should be a good introduction to people coming into this new space and should keep everyone safe! Feel free to reach out to me (the poster) or u/jo5htheboss if you have any questions at all! ????

just to clarify: this was written by u/jo5htheboss but they asked me to post this to different subs because they are new to reddit.