Question 1

Why does money have value?

Accepted Answer

Because everyone agrees to accept it. Money is just a tool everyone agrees to accept in exchange for things. It only has value because people trust it and use it — not because of what it is made of.

Question 2

Who controls cryptocurrency?

Accepted Answer

A global network of computers. Cryptocurrency is digital money that lives on the internet. No single bank controls it — instead, a worldwide network of computers keeps track of who owns what.

Question 3

What makes Bitcoin different from a bank transfer?

Accepted Answer

It moves directly between people, no bank in the middle. Bitcoin was the first cryptocurrency, created in 2009. It lets people send value directly to each other over the internet, with no bank in the middle. Only 21 million will ever exist, which is why people call it "digital gold".

Question 4

Why is a blockchain so hard to cheat?

Accepted Answer

Thousands of computers hold the same copy. A blockchain is the shared record book that crypto runs on. Every transaction is grouped into a "block" and linked to the one before it, forming a chain. Because thousands of computers hold the same copy, no one can secretly change history.

Question 5

What should you NEVER share?

Accepted Answer

Your private key / seed phrase. A crypto wallet is an app that holds your "keys" — secret codes that prove the coins are yours. Whoever holds the keys controls the coins, so protecting them is everything.

Question 6

What does the network fee pay for?

Accepted Answer

Processing and recording your transaction. When you send crypto, you sign the transaction with your private key and broadcast it to the network. Computers verify it and add it to the blockchain. It takes seconds to minutes, and a small network fee pays to process it.

Question 7

What does an exchange actually do?

Accepted Answer

Matches buyers and sellers of crypto. An exchange is a website or app where you buy, sell and trade crypto — like Bybit, Binance or OKX. You deposit money, and the exchange matches your order with another trader.

Question 8

What is the goal of trading?

Accepted Answer

Profit from the difference between buy and sell price. Trading means buying when you think the price will rise, or short-selling when you think it will fall, to profit from the difference. There are two main types: spot (you own the coin) and futures (you bet on the price, often with leverage).

Question 9

How much should a careful trader risk on one trade?

Accepted Answer

1–2% of their account. This is the lesson that protects your money — learn it before any trading. The pros survive by risking only a small amount per trade (1–2% of their account), always using a stop-loss, and never betting more than they can afford to lose.

Question 10

What does a single candle show you?

Accepted Answer

The open, high, low and close for a period. A price chart shows how a coin moved over time. Each "candle" shows the open, high, low and close for a period — green usually means price rose, red means it fell. Charts help you spot trends and decide when to enter or exit.

Question 11

What does 10× leverage do to a 1% price move?

Accepted Answer

Turns it into a 10% move on your money. In spot trading you buy and own the coin. In futures you bet on the price and can use leverage — controlling a bigger position than your money. 10× leverage turns a 1% move into 10% on your money, up AND down. High leverage is the fastest way to get liquidated (lose your margin).

Question 12

What is the safest way to make your first trade?

Accepted Answer

Practice with paper trading first. Now put it together — without risking a cent. The smartest first step is paper trading: practice with fake money at real live prices. Open a position, set a stop-loss, watch your profit and loss, and learn how it feels. When you are consistently green on paper, you can consider real funds.

Where to start — crypto, from zero