ABEGI

NNER’
S
GUI
DETOCRYPTO
Let
’sgets
tar
ted
Tounders
tandcr
yptoc
urr
enc
ies
,wemus
tfir
stunder
standhowt
he
bl
ockchai
nworks.

Thebl oc kchai
nisadi gi
tall
edgerthatkeepsar ecordofev erytr
ansactionthattakesplac eonapeer -
to-peer
networ k.Thinkofitasar eal
lyadvancedaccount i
ngs ys
tem. Therecor dsofal
l t
hes etr
ans act
ionsarepubl ical
ly
avail
abl e,meaningthatv i
rt
uall
yanybodycanv er i
fyt
heinformati
onr elatedtothes enderandr ecei
v er
. Allofthese
recordsar es t
oredinblocks-hencethenamebl ockchai
n-andar earrangedc hronologicall
y.Theblockc hainuses
ac er
taint ypeofmat hpuz zl
ecall
edcrypt
ographyt omakes urethes
er ecor
dsar enotaltered.Theset r
ans acti
ons
arethusv eri
fiednotbypeopl e,butbymath.

Howi sthi
suseful
?Thet echnol
ogybehindbl ockchainmakesitver
ydi fficultt
otamperwiththedata,andalso
all
owsf orproofoftr
ansacti
on,meani
ngt haty oudon’thavetorel
yonami ddlemantoveri
fyyourtr
ansacti
on.A
cryptocurr
ency,whichi
ss i
mplyadigit
alcurrencyors toreofv
aluethatworksonapeer -
to-peernet
wor k,i
sbuil
t
ont hi
stechnologyandel i
minat
estheneedf orat hir
d-part
yli
keabankorPay pal
.Thi
sempower sindivi
dualst
o
takec ontr
olofthei
rownmoney .Bit
coinisfamous lyrefer
redt
oasthe‘ Int
ernetofMoney’
Ther
ise&r
iseofc
rypt
o
“Iti
sthatnarrat
iveofhumandevelopmentunderwhic
hwenowhave
otherfightstofight,andIwoul
ds ayinthereal
m ofBi
tcoi
niti
smai
nly
theseparati
onofmoneyands t
ate.”
-Er
ikVoor
hees
,Cr
ypt
oEnt
repr
eneur

Theideaofdi
git
alcur
rencyisnothi
ngnew.I
nthelat
e90s ,manyc onc eptscr
oppedup-B-MoneyandBi t
Gol
d,t
o
nameaf ew-t
hatdi
scussedthepossibi
l
it
yofadecent
ral
iseddigi
tal c
ur r
encythatc
ouldbetransf
err
ed
bet
weenanony mousaccounts.
Whilenonewereofficial
l
yputtous e,theyfor
medt hei
nspi
rati
onbehind
somethi
ngmuc hbi
gger:Bi
tcoi
n.

On31stOctober
,2008,
Sat
oshiNakamotopubl
ishedawhit
epaperc
alled‘Bi
tcoi
n:APeer-
To-
PeerCas
hless
Sy
stem’thatwor
kedonthebl
ockchai
ntechnol
ogy.Thepubl
ic
ati
oncreatedas t
iramongmanywhoheral
dedi
tas

thefut
ureofmoney .Afewmont
hslat
er,
inJanuar
y2009,Nakamotominedthefirs
teverBit
coi
n,ki
cks
tar
ti
ngt
he
networkthatwouldevent
ual
l
ycat
apulti
ntot
hephenomenoniti
stoday
. Thi
sfirs
tminedblocki
sals
oknownas
theGenes i
sBlock.

Bit
coi
nroses t
eadil
yaft
ert
hat.On22May ,2010,Bi
tcoi
nwasfirstusedtopur
chasetwopi z
zas,adays
ti
ll
cel
ebrat
edasBi t
coinPi
zzaDay!Mt.Gox,t
hefirstevercry
ptoc
urrencyexc
hange,waslaunchedint
hesamey ear
,
andsoonafteranumberofotherc
ryptoc
urrenci
esli
keLit
ecoi
nandRi ppl
ebegancroppingup.By201
3,Bit
coin'
s
marketcaphadreachedoverabil
l
ionUSD.

T
owardstheendof201 2,
WordPr
essbecamet hefir
stmajorcompanytoacc
eptpaymentsi
nBitcoi
n.Manyot
her
s
l
i
keOv er
stoc
k,ExpediaandOKCupi
dfoll
oweds ui
t.T
oday,asweapproach2020,t
his"
mainst
reaming"of
c
rypt
ocurr
encyconti
nueswit
htheadventofnewalt
coins
,exchanges
,daytr
adersandhedgefunds.
Al
tcoi
ns
Att
empt i
ngtoinnovat
euponthes
uc c
essofBi
tcoi
n,manyot
hercoi
ns
werelaunched.Someofthes
emajor'
alt
coi
ns'
basedonmarket
dominanceincl
ude:

Li
tec
oin Bi
tcoi
nCas
h
Launc
hedin2011,Li
tecoi
n Bit
coinCashisoneofthe
hasbeentermedasthe earl
iestandmostsucces
sful
“si
l
vertoBit
coi
n’
sgol d.
” hardforksoft
heBitc
oin
bl
oc kchai
n.

XRP
Et
her
eum
Ri
ppleisauniquecoi
nthat
Ethereum waslaunchedi
n
doesn’
trequi
remini
ng,t
hereby
2015andal lowsdis
tri
but
ed
mini
misi
ngthetheuseof
appli
c at
ionstobuil
donits
ener
gy.
bl
oc kchain.

BAT
BATisat okenthatr
ewards
youforbrows i
ngtheweb
t
hroughthepr i
vacy-
prot
ect
ing
Brav
ebr ows er
.
TheCr
ypt
oSt
orys
ofar
Looki
ngbac
katmajormi
l
est
onest
hathavec
ont
ri
but
edt
ocr
ypt
ocur
renc
y
asweknowitt
oday
.

2008 ------ 2009 ------ 201

0 ------ 201
0
Sat
oshi Nakamoto Fi
rstBi
tcoi
nis Fi
rstr
eal
-wor
ld Mt.Gox,t
hefirst
publ
ishesBitc
oin'
s mi
ned Bi
tcoi
npayment cr
yptoexchange,
whit
epaper made i
slaunched

------
201
4 ------ 201
3 ------ 201
2 ------ 201
1
Mt.Goxc
ollapses Marketc
apof Ethereum, Namecoin,
thefirs
t
af
teramajorhack Bi
tcoi
nreac
hes$1 pr omis
ingfast
er al
tcoi
n,i
screat
ed
bi
l
li
on transacti
onspeed
------

thanBi t
coin,
isl
aunc
hed.

201
7 ------ 201
8 ------ 2020
Fi
rstBi
tcoi
nfor
k TheLight
ning ThirdBitc
oinHalv
ing
Networki
s takesplaceandETH
l
aunched 2.0islaunched
WhyI
nves
t?
Par
ti
ci
pat
eint
hes
oci
alvi
si
on
Bit
coinwasbuil
twit
ht heethosofdec entr
ali
zat
ionandtransparency.
I
nsteadoftr
usti
ngac entr
alpartyt oi
s sue,r
egulat
eands torea
curr
ency,
Bitc
oinenablesopen- source&publ ic
lyver
ifiabletechnology
t
odot hesame. Thi
sisapar adigm shif
tinhowmoneywor ks
.Al otof
cry
ptobeli
eversbuyintothi
ss ocialchange.

Li
mit
eds
upppl
y
Bit
coinisadeflat i
onaryassetwithi
tssupplyreduc ingasti
me
progr
es ses.
Bitcoi
nbenefitsf r
om apubl i
calgorit
hm thatdefinesi
ts
rat
eofs upplyandlimit
sit
st ot
alsuppl
y. Mostleadingcrypt
osmention
thi
sintheirt
hesis&t hesame c anbev eri
fiedbyl ookingatthei
ropen
sourc
ec ode

T
akec
ont
rol
ofyourfinanc
e
Crypt
osaredecent
r al
izedsystemsthatgiv
ey oucont
rolofyourown
asset
swithoutt
heinvolvementofanymi ddlemanorbank.Youc an
st
oreyourc r
ypt
oswi t
hy ours
elf,
andhav ecomplet
ec ont
rol
ov erit
s
tr
ansmis
sionwit
houtat hir
dpar t
y.

Andwhynott
oinv
est
T
omakequi
ckmoney
I
fy ou'retur
ningtocrypt
ocurr
encieswit
htheideaofmakingquickmoney,ortodaytradebecause
yout hinkit
'
seasiercomparedtootherassets
,youshoul
dbepr eparedf
orthepotenti
aldownsi
de.
Themar ketcoul
dris
eex ponent
iall
yasitdi
din2017orcomec rashi
ngdownasi n2018,so
enteringthemarketforqui
ckgainsisalotli
kegambli
ng.Crypt
ocurr
enci
esarewi del
yratedasa
highr i
skassetcl
ass,soavoidconcent
rati
onriskbyover
-i
nvest
inginoneassetcl
as s
.
Begi
nner
’sc
hec
kli
st
Ever
ythi
ngyouneedt
odobef
oreget
ti
ngs
tar
tedwi
thc
rypt
o!

Dyor Communi
tybac
king
Thefir standfor emos trul
eofinves t
inginc r
yptoi
s Anyas setcl
assgai nsmor ev al
uewhenmor e
todoy ourownr esear ch.DYORi sac ommon peoplewantt oinvestinit
. Thelargerthe
phraseus edbyc r
y pt
oent husi
astsandr ef
erst
o communi tybehindac rypto,themor eat tr
acti
v ean
theinfiniteamountofmi s
inf
ormat i
onav ail
abl
eon i
nvestmentitbec omes .Theliquidi
ty&s tabili
tyof
theinternet.I
tisdiffic ultt
odifferentiatebetween crypt
oistiedtot hesefactors,anditisi
mpor tantt
o
biasedandunbi asedc lai
msast herear emany underst
andt hesef act
orsbef oremakingan
peoplewhopr omotet hei
rownc oi
nsi nthehopes i
nvestment .
Bitc
oi nhaslargelydomi natedt he
ofincreasingitsvalue.Thisiswhyi tisimport
antto crypt
oindus t
rywi t
hov er60%ofc onsistentmar ket
doy ourownr esearchandf oll
owt rustedsources
. capit
ali
zati
on.

Anal
yset
hec
oins
uppl
yli
mit Under
standt
her
isk
Everycrypt
ocurr
encyhasas t
ructurearoundhow Sincec ry
ptocur
renci
esaremor evolat
il
ethan
manyc oi
nsc anbemined. Forexampl e,Bi
tcoi
nis convent i
onalas
sets,i
t’
simport
anttounderstand
cappedat~21mi l
li
oncoinsthatwi l
leverbe therisksassoci
atedwithsuchinv
estments.Only
produced.Thismeansthattheirsuppl
ywi l
l i
nv estinpropor
tiontoyourunderst
andi
ngoft he
eventual
lybetappedunlesstheirprotocoli
s technologybehindtheasset.
changed.

Under
standRegul
ati
ons Readt
hewhi
tepaper
Cryptobr ingsaf undament al
lydiffer entappr aoch Givent hec ompletelydigi
talnatureofc rypt
os ,
and
byenabl ingadi gitall
ynat i
veanddec entr ali
sed opent hes ources yst
em onwhi chBit
coi nruns,i
tis
assetc l
as s. Regul ati
onsar oundt hes amear est
il
l veryeas yforonet ot akeexi
s t
ings ol
utions,tweak
evolvi
nggl obal l
y .Itisimpor t
antt ounder stand them, andmaket heirownc ryptocurr
enc y.A
whatr egul ationsappl ytoy oubef or
emaki ngan whitepaperi sac onceptnotet hatoutl
ineswhata
i
nv es
tmenti nc ryptoc urr
enc y.I
tisex t
remel yeasy cert
ainpr ojecthopest osolv
e. Beforeinv est
ingin
tobuyc ryptobys impl ygoingt oanyonl ines ervi
ce anyc r
y pt
oal waysr eadthewhi tepapert o
thatsellsthes ame. Howev eritisimpor tantt o unders t
andwhaty ou'regett
ingi nt
o.
determinei fthepr oviderofthes es ervicesi slegal
ly
permittedt os upplyt hes amet oy ou.Findout
abouty ourc ount ry'sregulatorys ystem.
Howt
opi
ckt
her
ightex
change
Ac r
ypt
ocur
renc
yex changeenabl
esyout
otradei
nc r
yptos.Bef
ore
choosi
nganexchangeiti
simport
antt
okeepinmindthefoll
owi
ng

Eas
ytous
e
I
fyou'
renewtocryptos,
itmightbebet
tert
o
pi
ckanexchangethatoffersasimpl
eand
eas
y-t
o-us
einter
face.

Sec
uri
ty
Anygoodex c
hangewill
hav ethor
ough
securi
ty
protocol
sinplacetopr
otectyourasset
s.Make
sureyouunder s
tandhowtheywor kbefor
e
placi
ngy ourt
rusti
nanycryptoexchange.

Regul
ati
ons
Exchangesmus tc
ompl ywi
ththeregul
ati
onsof
thecountryi
nwhic ht
heyconductbusi
ness.I
f
youli
v einAust
ral
ia,y
ourexchangemustbe
regi
steredwit
hAUSTRAC.

Hi
stor
y Fees
Makes ureyourexchangehasar eput
able Therearedifferentki
ndsofchargesvari
ous
background.Readupnewsar ti
cl
espubli
shed exchangeslevy
. Doreadaboutthem caref
ull
y.
abouttheexchangeaswel lasonli
nefor
ums Commonc har
gesi ncl
udeatr
adingfeewhi ch
befor
emaki ngyourdecis
ion. i
sc har
gedov erthequotedpri
ce&depos i
t/
wit
hdrawalfeeformov i
ngyourasset
si n
andoutoftheex change.
Lookoutf
orunr
eal
i
sti
csc
hemes
I
fs omethingseemstoogoodt obet r
ue,i
t
probablyis.Ex
changesthatoffer
unreali
sti
cal
lygoodoffersoruaranteeret
urns
ont r
adingareprobabl
ynotlegit
imate.
St
aySec
ure
Ac r
ypt
ocur
renc
yex changeenabl
esyout
otradei
nc r
yptos.Bef
ore
choosi
nganexchangeiti
simport
antt
okeepinmindthefoll
owi
ng

Pas
swor
ds&2FA Keepi
ttoyour
sel
f
Alway senable2FA(mul t
ifact
or Whetheryou’r
et alkingons oci
almedi
aor
authenti
cati
on)foryouronlineaccounts
. Do anywhereelseont heint
ernet,
remember
notrepeatthes amepas swordacross nottoover
share. Anyi nf
ormati
onaboutyour
di
ffer entint
ernetser
vicesandus eas ecure pers
onaldetail
sorc ry
ptoinvest
mentscan
passwor dmanagertos tor
ey ourpasswor ds
. putyouatri
sk.

Bewar
eofphi
si
ngat
tac
ks
Phis
hingreferst
ot heactofpretendingtobealegi
timates
ourceinordertoi
nduceper s
onal
i
nformati
onf r
om people.Thi
sinc l
udesfakesoci
almediahandl
es,fakeICOpages,botspromi
si
ng
gi
veaway sandmuc hmore.Ifyou’
reus i
ngZebpay,ouroffici
alaccountsonTwit
terare@zebpayand
@zebpaysupport.Donotf ol
l
oworr epl
ytocommuni c
ati
onfr
om anyotheraccount.

Omni
tr
ixx Coi
nSt
oragein NoSingl
ePoi
nt I
nter
nal
Col
dWall
ets ofFai
lur
e Cont
rol
s
 2020ZebPay|
www.
zebpay
.com |
hel
p.z
ebpay
.com

Theinformati
onpr ovi
dedinthi
se-bookisasummar
yintendedforinfor
mational purpos esonlyandmustnotbe
tr
eatedaspr of
es si
onaladvi
ce.
ZebPaydoesnotofferanylegal,t
echnical
orfinanc i
aladviceas
apartofthise-book.T
radi
ngincrypt
ocurr
enci
esi
ssubj
ec tt
omar ket,
legalandt ec hnicalr
isks
.Zebpaydoesnot
guaranteeanyr et
urns.Pl
easeconsul
tyourl
egal
andfinancialadvi
sorsbeforeinv esti
ngi n
crypt
ocurrenci
es .