Introduction
This article is written for those who are wondering how to get started with cryptocurrencies.
Firstly, we recommend starting your cryptocurrency journey with Stellar Walk!
In this article, we'll explain the basics while defining key terms for beginners.
Can I Earn with Stellar Walk?
The cryptocurrency you receive in Stellar Walk can be exchanged for money.
In Stellar Walk, you can receive cryptocurrency much like rewards programs.
Here's a rough overview of the process:
STEP.1
Prepare to get started with cryptocurrency
STEP.2
Collect cryptocurrency with Stellar Walk
STEP.3
Exchange cryptocurrency for USD
Stellar Walk is a rewards programs, where you can get free cryptocurrency!
DoggyAbout Cryptocurrency
Whether it's called Cryptocurrency or Crypto Asset, both mean the same thing. When we talk about crypto assets, Bitcoin is the most famous, but there are also other types of crypto assets aside from Bitcoin. Examples include Ethereum, Ripple, and so on. One of these is Stellar Lumens. All of these hold value worldwide, and you can exchange them for dollars at places called exchanges.
So, Stellar Lumens can be exchanged for real money, right?
DoggyExchanges
An exchange is a place or service where you can exchange crypto assets for fiat currencies.
Binance and Coinbase are well-known exchanges.
About Symbols Like XLM
Bitcoin is represented asBTC, Ethereum as ETH and so on, these characters are called ticker symbol. The ticker symbol for Stellar Lumens is XLM.
Ticker Symbol
These symbols are set by each exchange for easy notation even for coins with long names. However, there is a trend to unify these symbols across all exchanges. In the past, in 2017, there was a bit of confusion as some exchanges represented Bitcoin Cash as
BCH while others represented it as BTT.
About How to Store Crypto Assets
Just as we keep cash and coins in our wallets, crypto assets also have wallets. These crypto wallets are called wallets. Exchanges can serve as wallets, so you don't need to prepare a separate wallet except when necessary.Wallet
Strictly speaking, it's not the exchanges themselves that are wallets, but exchanges manage a wallet for each user by dividing it with a memo-like string. The exchange's wallet is often referred to as a hot wallet, while a wallet stored on personal devices like iPhones is called a cold wallet.
About Sending and Receiving Crypto Assets
When transferring real money, we go through procedures at a bank or operate ATMs. Similarly, in crypto assets, we can easily send and receive coins using wallets. There is a number to identify where to send crypto assets, etc. This number is called a address.Address
There are mainly two types of numbers for an address: one is the public address, and the other is the private key. Even if the public address is known to someone else, coins cannot be stolen from your wallet.
So that's why Stellar Walk uses the XLM public address.
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Once you've registered, the next step is to prepare your wallet. Please see here for the steps to prepare your wallet on Binance.
参考How to Create a Stellar Lumens (XLM) Wallet – Stellar WalkDoshBlog
From the Binance app, you should be able to prepare an address and memo like below.
Address
GABFQIK63R2NETJM7T673EAMZN4RJLLGP3OFUEJU5SZVTGWUKULZJNL6
Memo
245022211
MEMO
This is a sample address. Please use your own address.
Yay! You're now ready to start!
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Stellar Walk - Earn cryptocurrency just by walking!Get active with point rewards! A blockchain pedometer app
Summary
Cryptocurrencies fluctuate in value daily, so they may go up or down in value. However, when you actually touch cryptocurrency, you'll see a fun and convenience that is different from point sites. Try using Stellar Walk along with your favorite point reward apps.
Bye bye!
Doggy
