UNDERSTANDING CRYPTOCURENCY

These crypto updates are the updates I got from my group. They are not well Organized because they are not yet complete. I had to transfer the words from the presenter to my blog I hope it will help someone. 

FEW TYPES OF COINS

STABLE COIN: A COIN THAT IS CAPED WITH THE US DOLLAR OR WITH A REPUTABLE GOODS, USED IN PAYING FOR THAT PARTICULAR GOODS. E.G.  USDCOIN, BUSD ETC.

2. PERMANENT COIN: TETHER, FOLLOWS THE USD DOLLAR DOESN'T GO UP NOR DOWN, CAN BE USED TO PURCHASE ANY COIN ON  ANY EXCHANGE.

3. ALT COINS: LIKE ETHEREUM, LITECOIN, XRP ETC, THOSE ARE ALT COINS WHICH IS FOLLOWING THE MAIN COIN BTC.

4. SHITCOINS, A NEWLY DEVELOPED COIN THAT IS NOT YET VALUED,CAN HAVE TRILLIONS IN SUPPLY WITHOUT NOTHING BACKING IT, BUT CAN BE EXCHANGED WITH ALT COINS. CAN TURN TO DEAD OR  STABLE IN THE FUTURE.

5. SUPER COINS: BTC.

 WHAT IS AIRDROPS

Air Drops are Newly Created Coins Such as Shitcoins as it's website Domain just launched and they'll issued out trillions of Token Shitcoins to sell now as a new coin, to create awareness and to gain access to the market they can't just start selling the coins they need to distribute billions Pieces of the coin to thousands of people to enable buyers to see that thousands of people have the coin Already, so when the  coin is created they issue a link to free  claimers to claim some billions at a time they stop the link and start real selling.

e. g

I created Safemoon Today and issue a link to public to claim 1 Trillion Safemoon, after 24 hrs i disabled the link and people who already claimed it will start publicizing my Safemoon to enable real buyers to start buying.

THERE IS SOMETHING IMPORTANT I WANT TO DISCUSS WITH US THIS MORNING, WE HAVE ALL BEEN INVESTING OUR MONEY ON THIS CRYPTOCURRENCY AND WE HAVE BEEN BUYING DIFFERENT KIND OF COINS BUT THE QUESTION IS HOW DO WE WITHDRAW OUR MONEY, ASSETS WHEN OUR BITCOIN RISES OR  WHEN OUR INVESTMENT MATURED.

REMEMBER THAT IN NIGERIA CRYPTOCURRENCY HAS BEEN BANNED AND IT IS INAPPROPRIATE FOR BANKS TO ENGAGE IN ANYTHING THAT HAS TO DO WITH CRYPTOCURRENCY, FOR THIS REASON IF YOU ARE PAYING SOMEONE MONEY DO NOT WRITE ON THE DESCRIPTION CRYPTOCURRENCY OR BITCOIN DO NOT ATTACH ANYTHING CRYPTO ON THE DESCRIPTION  RATHER LEAVE IT EMPTY THAN WRITING ANYTHING, FAILURE TO DO THIS WILL LEAD TO BANK BLOCKING BOTH OF YOU ACCOUNT.

STEPS TO WITHDRAW.

1. YOU WILL HAVE TO FIND A BUYER WHO WILL LIKELY WANTS TO BUY YOUR ASSETS FOR EXAMPLE IF YOU HAVE BITCOIN YOU CAN ASK FOR A BUYER, THERE ARE MORE THAN ENOUGH PEOPLE WAITING TO BUY YOUR ASK.

2. YOU CAN CONVERT YOUR OTHER COINS TO BITCOIN OR USDT BECAUSE THESE ARE THE MOST VALUABLE COINS THAT IS TRADABLE THIS WILL MAKE YOUR SELLING FASTER THE MOMENT YOUR COINS IS CONVERTED TO BTC OR USDT SELLING BECOMES EASY.

THE BAN ON CRYPTOCURRENCY AFFECTED PEOPLE'S  WITHDRAWAL AND DEPOSIT  HAD IT BEEN THAT NIGERIA DID NOT BAN BANKS FROM CRYPTOCURRENCY YOU CAN EASILY WITHDRAW YOUR MONEY FROM YOUR EXCHANGE TO YOUR BANK ACCOUNT DIRECTLY E.G YOU SWAP YOUR BTC TO NGN ON LUNO OR BINANCE AND GET CREDITED TO YOUR BANK ACCOUNT IN MINUTES BY LUNO PAYMENT INTEGRATION SERVICE OR BINANCE PAYMENT INTEGRATION. 

THESE ARE THE MOST IMPORTANT THINGS I WANT YOU TO UNDERSTAND

BEFORE YOU BUY ANY COIN YOU MUST KNOW THE PURPOSE WHY YOU ARE BUYING THIS COIN, YOU MUST HAVE A TIME LIMIT OF BUYING THIS COIN AND THE TIME LIMIT FOR SELLING

IF YOU ARE A FLIPPER TELL YOURSELF AM A FLIPPER AND I WILL SELL MY COIN WHENEVER BROKENNESS HOLD ME OR WHENEVER I NEED MONEY, OR WHENEVER I FEEL LIKE I NEED SOMETHING.

IF YOU ARE A LONG TERM INVESTOR YOU TELL YOURSELF I WILL SELL WHENEVER TIME REACHES, YOUR GOAL MIGHT BE 2-5 YEARS. OR MORE.

JUST KNOW THE CATEGORY YOU BELONG TO

I AM INTRODUCING THE DIFFERENT TYPES OF NETWORK IN  CRYPTOCURRENCY

1. ERC20 - ETHEREUM NETWORK

2. BEP20 BSC NETWORK - BINANCE SMARTCHAIN NETWORK

3. TRC20 - TRON NETWORK.

4. COIN NETWORK: DIRECT BLOCKCHAIN NETWORK.

5. BTC (Segwit)

and many more

EACH OF THE NETWORKS HAS IT'S OWN FUNCTION IF YOU SEND THE COIN TO THE WRONG NETWORK, YOU MIGHT LIKELY LOSE YOUR COIN SO YOU MUST MAKE SURE WHILE MAKING A TRANSACTION YOU MUST SELECT THE  APPROPRIATE NETWORK, MANY EXCHANGES DOES NOT HAVE THE OPTION TO CHOOSE A NETWORK WHICH TO SEND TO, EXCHANGES LIKE LUNO, ROQUU, BLOCKHAIN.COM ONLY ACCEPT DIRECT NETWORK THEY DO NOT HAVE ERC20, BEP20, TRC20 NETWORK IMPLEMENTED ON THEM.

SO DO NOT SEND OUT A COINS FROM BEP20 BSC OR ERC20 TO DIRECT NETWORK, YOU'LL LOOSE YOUR COIN. 

 BITCOIN ON BINANCE HAS  A DIRECT NETWORK,  HAVE ERC20, BEP20 OR TRC20, HAVE BTC(Segwit) 

WHEN YOU ARE ABOUT TO RECEIVE BITCOIN FROM SOMEBODY MAKE SURE THAT YOU USE DIRECT NETWORK, THE DIRECT NETWORK IS CALLED BTC.

THIS WILL REDUCE YOUR CHANCES OF LOSING YOUR COIN EVERY BTC  NETWORK IS ONE AND CAN'T BE DIVERTED.

THE REASON YOU SEE A LOT OF NETWORKS ON BINANCE IS  TO REDUCE THIS TRANSACTION FEES.

FOR EXAMPLE A TRANSACTION I CAN MAKE FOR $40 FEE ON BINANCE USING BTC NETWORK I CAN MAKE IT WITH $4 FEE USING BEP20 NETWORK OR TRC20.

ERC20 NETWORK FEE IS THE HIGHEST FOLLOWED BY BTC NETWORK FEE AND THEN TRC20 AND THEN BEP 20

IMPORTANT INFO

*WARNING*

Guys please if you're using Trustwallet.

Go to settings~security and activate Transaction Signing. 

Scammers are back, sending tokens to people's wallets then wiping them out. 

Never do an airdrop with your main wallet.

Transaction signing will set up a password for each and every transaction. So hackers can't send your tokens to them if they don't have your password (this is different from private key)

They can't ever hack the Blockchain itself but can hack platform. 

Btw: never give your password or recovery phrase words. 

Stay safe.

FEW REASONS WHY COUNTRIES ARE RESTRICTING CRYPTO.

cryptocurrency is not controlled by any government or any Central Bank of Federal reserve cryptocurrency is a pure blockchain technology and we take money out of our economy and invest into cryptocurrency and this is dragging a lot of economy down so for that reason every country has the right to issue a ban on cryptocurrency, the only country that won't likely ban cryptocurrency is the United States of America because mostly 80% of the coins in the world are created by the United States of America so for that reason their economy keep on Rising even though all their citizens invest more in cryptocurrency, in Nigeria we have less  technological Experts in the financial institution, if Nigeria had created random coins  4 years ago number in 200 different coins by now the Nigerian economy would have been blooming but you know the kind of political class and their age and the mentality ruling the country this is why we are not able to achieve our goal up till now and our economy is sinking so every country has the right to ban cryptocurrency if it does not add value to their economy rather than take away what they have on the economy and invest into the cryptocurrency economy remember cryptocurrency is it's own Economy Worth almost $2+Trillion.

INFO ABOUT BNB

BNB

HOW MANY OF YOU KNOW BINANCE?

BINANCE CEO "CZ BINANCE" IS A CHINESE CITIZEN.

HE BUILT BINANCE IN 180 DAYS.

HE RAISED $20M FOR BINANCE PROJECT IN 2017.

$15 FOR THE BNB COIN IN 30 DAYS

PEOPLE WHO ARE BOARD OF DIRECTORS OF BINANCE HAS TWO THINGS  GIVEN TO THEM TO CHOOSE.

1. CHOOSE TO OWN A PERCENTAGE OF THE COMPANY SHARE OR

2. OWN PART OF BINANCE COIN.

BINANCE INITIAL COIN OFFERING WAS 200 MILLION PIECES 15% TO THE CEO AND 100 MILLION TO IT'S EARLIER INVESTORS & 70MILLION TO THE PUBLIC, MEANING, FOR GIVING ME $1M TO CONTRIBUTE TO BUILD BINANCE  HOLD  THIS COIN ANYTIME IT GROWS IN VALUE YOU CASHOUT.

OR YOU TAKE 0.05% OF BINANCE SHARE . 

SOME TOOK OFFER ONE AND SOME TOOK OFFER TWO.

BOTH OF THEM ARE GAINING TODAY.

THE FIRST INVESTOR WHO OWNS 30MILLION BNB COIN IS WORTH $18BN TODAY

BNB COIN WAS CREATED FOR FEES ON SMARTCHAINS, PANCAKES, BAKERYSWAPS AND  OTHER NEWLY BUILT BSCAN NETWORKS. 

IT HAS TURNED TO A FULL GROWN COIN AS PEOPLE KEEP USING IT.

BINANCE CEO ANNOUNCE HOW THEY MADE A 9 MONTHS TRADE OF $1TRILLION IN 2020 ALONE THAT'S 50% OF  ENTIRE CRYPTO CURRENCY MARKET CAPITALIZATION.

THIS IS WHY BINANCE IS THE BIGGEST EXCHANGE IN THE WORLD.

SO BEFORE OWNING A BINANCE COIN ALWAYS KNOW YOU OWN A VALUE AND IT'S NOT A BAD INVESTMENT TO OWN ALOT OF IT NOW THAT IT'S STILL RELATIVELY LOW BECAUSE IN 2025 BNB WILL HE LIKE BTC.

CAN YOUR CRYPTO ACCOUNT HAVE LIMIT OF MONEY THAT WILL BE INSIDE IT?

ANSWER; HELL NO

YOUR CRYPTO WALLET ACCOUNT, YOUR LUNO ACCOUNT, BINANCE, BLOCKHAIN, TRUSTWALLET ETC ACCOUNT DO NOT HAVE A HOLDING LIMIT..

YOU CAN DECIDE TO RECEIVE $1TRILLION INTO IT A DAY WITHOUT IT BEING SEALED OFF UNLIKE YOUR REGULAR BANK ACCOUNTS.

YOUR CRYPTO WALLET IS LIKE A HUGE HOLE, CAN'T BE FILLED UP,

PUMP IN ANY AMOUNT INTO IT YOU'LL NOT STILL GET BLOCKED HOWEVER;

EVERY EXCHANGE HAS A DAILY/ WITHDRAW LIMIT.

I DON'T KNOW IF ANYONE OF YOU HAS EVER EXCEEDED THEIR WITHDRAW LIMIT ON HIS/HER WALLET BEFORE BUT I HAVE DONE ON MY LUNO ONE TIME.

LUNO HAS N500K , N5M AND N10M & 3rd Level Verification FOR N100m MONTHLY WITHDRAW LIMIT.

BINANCE HAS 100 BTC (N5BILLION) WITHDRAWAL LIMIT MEANING YOU CAN'T WITHDRAW MORE THAN N5BN A DAY ON BINANCE.

SO DO EVERY EXCHANGE HAS THEIRS.

SO BEFORE VENTURING INTO CRYPTO JUST BE REST ASSURED YOU'RE DEALING WITH AN UNLIMITED OPPORTUNITY WHERE NO BANK, GOVERNMENT OR INDIVIDUAL REGULATES.

CRYPTO IS PURELY ENCRYPTED TO YOU SAVE STRESS.

LET'S TALK ABOUT WHALE ALERT.

WHALE ALERT IS A WHISTLE BLOWER ON CRYPTOS 

WHALE ALERT NOTICE EVERY HUGE TRANSACTION DONE ON BLOCKCHAIN AND NOTIFY THE WORLD

WHALE ALERT KNOWS WHO DID IT UNLESS THE WALLET IS NOT VERIFIED.

WHATEVER YOU SEE WHALE ALERT POST IT'S ACCURATE AS LONG AS IT'S FROM BLOCKCHAIN.

WHALE ALERT NOTICE ANY HUGE TRANSACTION DONE ON BLOCKCHAIN AND NOTIFY THE WORLD TO KNOW.

Anything You're Doing, Always Secure Your Details ooo.. There's Too Many Complain About Lost Of Details Right Now.

Secure Your Email Password Write It Down and Store Somewhere or Save it On Google.

2.

Secure Your Luno Password, Email and PIN.

3. secure Your Binance and Other Wallet Details

4. If You use Blockchain & Trustwallet Secure The Recovery Phrase.

If You Lost It You Lost Your Money  For Real No Coming Back. 

and Don't Say I didn't Say it time Without Number.

NOT ALL COINS ARE COINS SO LADIES AND GENTLEMEN.

IN ALL YOU'RE OWNING, PLEASE OWN BITCOIN, OWN ETHEREUM AND OWN LITECOIN THOSE ARE MOST VALUABLE COINS SO FAR

LITECOIN HAS A TOTAL SUPPLY OF 84MILLION AND 66 MILLION COINS IS ALREADY MINED, WOW WITH A HUGE MARKET CAP OF $20BILLION.

IF LITECOIN REACH $40 BILLION MARKET CAPITALIZATION WHICH IT WILL BEFORE 2022 ONE LITECOIN WILL BE ALMOST #1MILLION - #1.6M 

NOW THIS WHAT'S CALLED A REAL COIN.

DO YOU KNOW WHY SOME OF THIS COINS MAKE THEIR MARKET SUPPLY BIG?

SO THAT IT WON'T REACH $1 QUICKLY, SO THAT THEY CAN MAKE ALOT OF MONEY AT THE LONG RUN, JUST LIKE SAFEMOON

THEY KNOW THAT IT WON'T REACH 1 TRILLION EVEN IN 20 YEARS

SO THEY WANT TO MAKE SURE THEY GET UPTO 100 BILLION BEFORE MAKING IT A DEAD COIN.

THAT'S WHERE YOU SEE PEOPLE CASHOUT.

NOW MY ADVICE IS HOLD IT BUT DON'T INVEST YOUR FORTUNE INTO IT NOW YOU'VE KNOWN WHAT'S THERE.

NOW A MIRACLE CAN HAPPEN AT ANY TIME THEY CAN ALSO DECIDE TO LOWER THE MARKET SUPPLY AND THIS WILL BOOST THE COINS VALUE, I SEE SHIBA DOING THAT IN COMING DAYS

CRYPTO CURRENCY HAS A STAGE 

THERE'S A FEARFUL STAGE

THERE'S AMATURE STAGE

THERE'S A PROFESSIONAL STAGE 

AND THERE'S AN ULTRA STAGE. 

FEARFUL STAGE: WHERE YOU STAND AND LOOK WATCHING IF IT'LL CRASH OR NOT

AMATURE STAGE: WHERE YOU INVEST A LITTLE WISHING FOR THE BEST, EVERYDAY YOU KEEP CHECKING IT.

PROFESSIONAL: WHERE YOU INVEST BIG BUT TAKES OUT MONEY FROM IT WHENEVER YOU'RE IN NEED, AND SOMETIMES CAN'T EVEN HAVE ANYTHING IN IT BECAUSE YOU BELIEVE IN SOLVING PROBLEM WITH YOUR MONEY IN CRYPTO.

ULTRA: DOESN'T SAVE MONEY IN THE BANK, 100.1% MONEY IN CRYPTO

JUST KNOW WHERE YOU BELONG

DOGE COIN WAS CREATED IN 2013 

2013-2021 IS HOW MANY YEARS?

8 YEARS.

DOGE COIN PASSES THROUGH 7 YEARS OF DIP AND PEOPLE STARTED LOOSING INTEREST AND  SOLD WHAT THEY BOUGHT AT KOBO EVEN LAST YEAR SOMEONE SOLD 2.4million For N3.2m , Same thing he sold for N3.2m is Now #600million

THIS IS FOR THOSE OF YOU BUYING SHIBA, AND OTHER SHIT COINS

HERE'S WHAT'S GONNA HAPPEN IF YOU WANNA BE A MILLIONAIRE WITH THIS COINS.

1. WAIT FOR 4-9 YEARS

2. DON'T SELL ANY IF YOU ARE PATIENT ENOUGH

3. SECURE YOUR LOG IN DETAILS

4. JUST ONE YEAR WILL BLOW THE COIN,JUST ONE YEAR.

5. SECURE YOUR DETAILS.

95% OF PEOPLE WHO BOUGHT SHITCOINS WILL SELL THEM OFF WITHIN THE FIRST 1-3 YEARS THINKING THERE'S NO FUTURE ON IT.

DON'T BE LIKE THAT.

IT'S PRETTY HARD WAITING BUT THE END JUSTIFIES THE MEANS.

DO NOT FOCUS ALL YOUR ENERGY IN CRYPTO CURRENCY OO, DON'T THINK IT'S WHAT I DO, I HAVE MY BUSINESS RUNNING WHILE I ALSO RUN MY CRYPTOCURRENCY , I EARN MONEY FROM MY BUSINESS THEN INVEST IN CRYPTO.

DON'T FOCUS ALL YOUR ENERGY HERE AND END UP GETTING NOTHING HOWEVER DO YOUR WORK IN YOUR OWN GIVEN TIME & INVEST SOME $ IN CRYPTO.

I WAS READING A BOOK IN 2018. I HEARD ABOUT HEDGE FUNDS,BONDS, STOCKS, 401K ETC.

NOW IT'S FOR UNITED STATES AND WESTERN WORLD RESIDENTS. WE CAN'T ACCESS IT BECAUSE WE'RE AFRICANS.

I ALWAYS THOUGHT OF WAYS I CAN INVEST IN A SECURED ORGANIZATIONS WITHOUT TRAVELING NOW I THOUGHT ABOUT CRYPTO I SAID TO MYSELF I NEED TO GIVE IT MORE STUDY WHICH I DID AND STARTED INVESTING.

THIS HOW THINGS WORK.

FOR THOSE WHO ARE DOWNLOADING TRUSTWALLET PLEASE MAKE SURE YOUR RECOVERY PHRASE IS SAVED IN A SAFE PLACE, DON'T HAVE INVESTMENT OF $5000 IN A WALLET AND MISPLACE THE LOG IN DETAILS AND COME TO BLAME THE GROUP FOR LURING YOU INTO INVESTING  WHERE YOU LOST YOUR MONEY.

SECURE YOUR DETAILS.

HOW TO SECURE YOUR DETAILS

1. GIVE IT TO YOUR MOTHER OR FATHER WHOM YOU TRUST CAN DOCUMENT SOMETHING

2. SAVE IT ON YOUR DIARY

3. SAVE IT ON YOUR EMAIL, ALOSO SECURE YOUR EMAILS PASSWORDS 

4. SAVE IT ON YOUR COMPUTER DATABASE

LIST GOES ON

Shit Coins as Doge, Shiba etc are just shit their value will never grow up as we think it should, that's just the truth, people who will make money with Shitcoins are people who owns 100m-5bn Pieces they Cashout some Millions and doze off, But BTC & Ethereum etc are Major coins with Huge Capitalization it keeps going up and up never come down.. that's the difference,

Just Yesterday Shiba Inu Hit almost 0.025 i immediately bought thinking it'll reach N0.1, now it's back to 0.017 I know how much am loosing.. that's Shitcoins for you.. but it'll definitely grow in Value later but not like Bitcoin and Ethereum.

My BTC and Ethereum never Disappoint me anyday.. never.

The first thing to consider before you buy a coin is what type of coin are you buying there are several types of coins today in the world just eight years ago there were few coins but today thousands of coins have emerged if not millions so you must understand the kind of coin you are buying and what value it will bring to you in the future.

I want to let you know that the only coin accepted in the whole universe is called Bitcoin this coin is called the main coin because it is valuable in the whole universe it is attached to the whole world wide currency

the cryptocurrency is a currency on its own inside cryptocurrency we have all the major coins inside of it

Such as 

Bitcoin - Main Coin

Ethereum - Alt coins👇👇👇

Litecoin

XRP

ETC.

for example in the whole world they are countries inside of it and each of these countries has a currency representing their economic value for example the United States have a United States dollar the Europe have an Euro Currency and Some part Of England Have Pound Sterling.

All the Above Mentioned is Fiat Currency.

Same way in Crypto Currency we Have Bitcoin, Ethereum, LTC, etc and the rest

one thing about other currency is that their value grows with their goods and services , For example a Country's GDP contribute to Grows Its Currency. 

but in cryptocurrency the volume grows as long as people are holding it's assets, for example.

if I create Smartcoin today and birng out 1000 pieces of it, and Back it with my Company Product and Issue One Coin at N40million.

what is going to happen is that if 1m people buy a piece of Smart Coin, might not actually be upto one coin but 0.1 or so, if 1m people purchase and hold it that means one Smart Coin will be Worth N400million and Investors can exchange it with Maincoin - Bitcoin and Sell to Make Money.

this is just exactly how cryptocurrency works.

now some cryptocurrency is backed by goods and services while some are not backed with anything .

this is why I always tell people before you buy a car make sure that you do research on that coin you want to buy

another thing you have to understand before you buy a coin is that the value will never remain the same you might buy a coin today at N1000 Naira and that same  coin will crash to N400 naira per coin the same day.

this is just the reality of the market so you must understand this if you want to have peace of mind in this cryptocurrency business.

don't always expect the market to be rosy all the time because it probably might not be but be rest assured that whenever a coin falls it is as a result of market condition and the demand/ supply, in order for you not to loss you must continue to hold that coin until the value rise back. you then sell if you want to

another thing you have to have in mind before you by a coin is that, coins do not grow in value overnight some probably takes years some take months, while some  weeks.

so the first thing you have to consider is to ask yourself am I going to be a long-term investor or a short-term investor 

long-term investors are the people who do not have a lot of money to invest but can put $500 in a coin and Leave it for 10 years only to make $100,000 from it.

short-term investors are the people who can invest 2 million dollars right now on a coin and the money can rise to 5 million dollars in the next 10 days they then cash it out , remember this is very risky the market may not favour you so don't think it's easy as said.. this People are called "Flippers" 

so you must choose the kind of investor you are

Now we have talk about the cryptocurrency, let us talk about where you can keep your cryptocurrency, 

In the game of cryptocurrency 

we have what we called an exchange, just like you have your commercial Banks, Crypto Also Have Bank. You can't keep your crypto in your pocket rather you'll store it on a Digital Wallet, Or a Drive.

NOte: cryptocurrency does not have a Central Bank or a Federal reserve bank cryptocurrency is not controlled by anyone or any system or government. cryptocurrency is decentralized that means individuals determines if it will last or not , so there is less risk, there is no man who can ever stop cryptocurrency because if one man decide to stop it and another man accept it that means  it keeps living so know this and know peace. 

so if you want to own any cryptocurrency you must download an exchange.

the first cryptocurrency exchange ever launched is called Blockchain.com

Blockchain is a System that was designed to confirm Crypto Currency Payments, so every exchange is connected to blockchain to enable Payment Confirmation.

there are other exchanges in the world which you can download to store your cryptocurrency just choose the one you want

be rest assured that you are hundred percent at your risk if anything happens to your coin your exchange does not have the constitutional authority to refund your coin if anything happens maybe if you send to the wrong person. unlike your Bank that can withheld a money if it's Sent To A Wrong Bank Account.

cryptocurrency operate on a peer-to-peer system which means you can transfer from one person to another the difference between cryptocurrency and Fiat currency is that whenever you make a transaction with your cryptocurrency you have to use a wallet address which is also known as your account number but this wallet address comprises of many alphabetical letters which you might not be able to capture all of them in your head so while receiving a coin you must make sure that you copy the right address because if someone send a coin to you to a wrong address you might likely not get that coin.

for you to buy cryptocurrency there are many ways to buy your coins.

1. Via A Trusted Person

2. Via an Exchange - Bank

3. Via Swap 

4. Via Minners

PLEASE I WANT US TO UNDERSTAND SOMETHING ABOUT CREATING A COIN

I USE TO THINK THAT CREATING A COIN WILL MAKE ME RICH NOT UNTIL I UNDERSTOOD WHAT IT IS

BUT REVERSE IS THE CASE

WHEN YOU CREATE A COIN YOU HANDLE IT TO A BLOCHAIN .

E.G.

IF I CREATE SMART COIN TODAY I'LL CHOOSE BE20,, ERC20 OR TRC20 AS MY BLOCKCHAIN TO HOLD THE COIN.

IF MY TOTAL SUPPLY IS 1TRILLION COINS I WILL HANDLE 50% TO BEP20 & 50% TO PANCAKE FOR DISTRIBUTION.

ALL I HAVE TO DO IS TO USE MY OWN MONEY AND BUY BACK THE COIN AGAIN IF I WANT.

IF THE COIN AT THE POINT I CREATED IT.. I CAN BUY 500BILLION FOR 40MILLION I PAY FOR IT AND  BUY IT.

WHEN THE COIN FINALLY GROW IN VALUE

I CAN NOW SELL AND MAKE MONEY.

THIS IS HOW COINS WORK , SO WHO CREATED IT SOMETIMES DOESN'T MAKE ANY MONEY UNTIL HE OWN SOME OF IT..

that is why you can see someone will create a coin today and become poor tomorrow because those people didn't bring out money from their pocket to buy the coin they created

the only way you can own a coin in big quantity when you create it is when you own a blockchain.

owning a block chain is not that easy.

THE POSSIBILITY OF YOUR COIN GROWING IN VALUE VARIES FROM THE NUMBER OF PEOPLE WHO IS HOLDING IT

IF MY COIN HAVE UP TO 10MILLION HOLDERS.

POSSIBILITY OF IT REACHING $200 IS POSSIBLE REGARDLESS THAT THE SUPPLY IS LESS THAN 1BN