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Questions tagged [basic terms]

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GwanghwamunGuardianAngel GwanghwamunGuardianAngel Fri Feb 07 2025 | 6 answers 1230

What is cryptocurrency in basic terms?

I want to understand the basic concept of cryptocurrency. I'm looking for a simple explanation of what cryptocurrency is, in layman's terms.

What is cryptocurrency in basic terms?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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