The crypto industry is complex, and it can be incredibly hard for beginners to start anything within the industry without learning how cryptocurrencies work. Many people who fell victim to crypto scammers weren’t literate on how the crypto industry works and what to avoid doing.

Although they are readily available, it might be hard for a beginner to find free resources from which they can learn about cryptocurrencies. 

In this article, you will learn about the different methods by which a beginner can learn about cryptocurrencies without having to pay and why it is important to be knowledgeable about the industry.

Why Learning About Crypto is Important

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Cryptocurrencies are digital currencies based on blockchain technology originally created to reform the financial sector. The crypto industry is so complex that it can be hard for beginners to find their way if they don’t get properly educated on how everything works. 

Assuming one does not learn about the essentials of the crypto industry before venturing into it, it can lead them to waste their valuable time and resources. They will also become pawns in the hands of scammers who won’t hesitate to defraud them of their capital. 

This is why someone attracted to the crypto industry needs to be educated about the industry to avoid falling prey to hackers and cybercriminals.

Best Ways to Learn About Cryptocurrencies in 2023

Here are some of the best methods that, when employed, can help a beginner or an intermediate crypto enthusiast to know more about how it works. 

Free Crypto Courses Through a Crypto Academy

Learning programs about cryptocurrencies through courses specially prepared by a crypto academy is one of the best methods of learning how cryptocurrencies work. There are options for paid and free crypto courses, but you can start with free ones as they still provide expansive knowledge about cryptocurrencies. 

These free crypto courses mostly come from the crypto academies dedicated to spreading the word about crypto and attracting more users to the new technology. These courses come in the form of videos, making it easier for someone to relax and go through the course at a convenient time. 

A good example of a rich crypto academy resource is the free BingX Academy. 

BingX Academy: Latest Guides and Tutorials. Find answers to your questions about Cryptocurrency and trading. Source: BingX

Sometimes, there is no difference between a paid or a free crypto course, especially if it generally explains how cryptocurrencies and the blockchain work. There may be huge differences when it discusses specialties in the industry, such as crypto trading or mining. 

Read Crypto Glossaries

Although underrated, reading through a full glossary about cryptocurrencies might be the best way a beginner can start their journey in crypto. Crypto glossaries are an alphabetical list of terms in the crypto industry, an extensive explanation of what they mean, and examples. 

This means glossaries contain almost all the terms one will hear in the crypto industry and explain what that term means and how they can be used. For someone who is just getting attracted to the crypto industry, reading through glossaries gives one a better idea of what some terms mean. 

For example, a beginner might learn the meaning of uncommon words such as the Vladimir Club, mooning, Jager, and Wei just from reading through the upcoming BingX glossary. 

Through Crypto Forums

If you prefer to learn by going through the conversation of people in a forum, then the BingX social trading community is a great option for you. 

BingX allows interaction between traders and copy trading for users to benefit from the knowledge of expert traders. 

This will be the best way to learn about the basis of the crypto industry. Throughout history, forums have been where people found ideas or interests within a specific field. 

Crypto forums are often populated by those with a better knowledge of the industry and how certain things work. So, when you go to forums to learn about cryptocurrencies, you combine knowledge with the experience of those who have been in the industry longer than you. 

In other words, crypto forums will serve as a guide rope that will lead you through the industry’s good and bad sides. Due to the experience you will find, you can even use these forums to get recommendations for crypto-related products and services. 

Get free access to credible crypto forums on BingX. 

Using Twitter Spaces and other Social Media Platforms

Social media platforms such as Twitter, Instagram, Discord, Facebook, YouTube are one of the best places to get interactive knowledge of how the crypto industry works. The Twitter app has a feature known as Twitter Spaces, where people can meet and talk about many things in the crypto industry. 

One of the advantages of using this medium to learn about crypto is that it is an interactive space where you can ask any question and receive an answer immediately. 

Social media platforms help one to get an extensive knowledge of how certain things work in the crypto industry. However, unlike  most channels, Twitter Spaces is a more interactive network. 

If you are new to crypto trading, social media platforms are one of the best places to learn and get recent updates in the crypto industry. 

Feel free to connect with BingX on Twitter, Instagram, YouTube etc. 

Source: BingX Twitter

Read Industry Publications

Crypto magazines and publications are great places to learn about what is happening in the crypto industry and certain topics. With industry publications, you can get and read through the thought processes of experts and analysts. 

For instance, reading crypto magazines and publications will help you know what experts say about investments in the crypto market and the type of coins you can invest in. Also, you can get recommendations on how to store your cryptocurrencies and the best exchanges to trade cryptocurrencies.

An example of how crypto publications can help a newbie crypto enthusiast can be seen in the FTX scandal. After the FTX collapse, many journals and publications were written, guiding new crypto investors on what to look for when choosing an exchange for crypto trading. 

The BingX Announcement channel is a great place to get up to date news happening in the crypto space. 

Conclusion 

Learning about cryptocurrencies is important as a beginner as this will give you a head start in the crypto industry and help you from falling victim to crypto scams. 

Many resources can get you started in your quest for knowledge; some of them include industry publications, free courses, social trading platforms, and crypto glossaries. 

Join our BingX Community to earn and learn more about crypto, copy trading and strategies!

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