CRYPTOCURRENCY
                     FIRSTSTAND
S
CRYPTOCURRENCY
B E C A U S E  I T ' S  T H E  F U T U R E
INTRODUCTION
CRYPTOCURRENCY
IN THE MODERN WORLD PEOPLE 
SAYS THAT 'TIME IS MONEY'. 
MOST OF THE WORLD IS 
INTRODUCED TO NEW 
TECHNOLOGIES WHICH MAKES 
THINGS EASIER AND SAVES TIME. 
WHAT IF I TOLD YOU THERE IS A 
DIGITAL CURRENCY OR BETTER 
KNOWN AS CRYPTO CURRENCY, 
IT'S A DIGITAL/VIRTUAL 
CURRENCY THAT LET YOU BUY 
GOODS AND SERVICES, OR 
TRADE THEM FOR PROFIT.
What is cryptocurrency?
Crypto currency is form of payment that can 
be exchanged for goods and services. Many 
companies provides currencies to users 
known as tokens which can be used for 
trading goods and services of the company. 
Cryptocurrency system that allow for secure 
payment online which also makes it safer to 
use and harder to counterfeit and is also not 
regulated by any central bank or government. 
Cryptocurrency works using a technology 
called blockchain, that is centralized 
technology spread across many digital 
device.
Worth Of 
Cryptocurrency And 
Their Growth?
More than 10,000 different 
cryptocurrencies. The worth of 
cryptocurrency according to 
coinmarketcap.com and The 
cryptocurrency market size is 
expected to grow from USD 1.6 
billion in 2021 to USD 2.2 billion 
by 2026, at a CAGR of 7.1%.
HOW TO USE 
CRYPTOCURRENCY
1 YOU NEED AN CRYPTO TRADING APP WHICH IS AVAILABLE IN YOUR COUNTRY.
• Make an account
• Link your wallet with you account
2 AND BOOM YOU ARE READY TO TRADE YOUR REAL MONEY WITH YOUR CRYPTOCURRENCIES 
. AFTER THE ACCOUNT IS CREATED NOW YOU 
CAN USE IT EFFECTIVELY AND MAKE MONEY 
OF YOUR DREAMS. THE JOB IS NOT DONE YET.
• Decide what type of cryptocurrency you want. 
There are many different cryptocurrencies out 
there.
• Choose a better cryptocurrency exchange 
available in your country.
• Place your order for cryptocurrency. Typically 
you'll specify the type of cryptocurrency you 
want and add the amount of 'coin'.
WHAT MAKES 
CRYPTOCURRENCY 
DIFFERENT FROM 
TRADITIONAL CURRENCY?
To understand the difference you might need to 
understand 2 basic components : blockchain and 
cryptography
BLOCKCHAIN is digital board of transactions that 
records information which makes cryptocurrency 
more reliable and difficult for someone to HACK. 
UNLIKE traditional currency there is no central 
authority overseeing blockchain. The data is stored 
in form of 'blocks'.
CRYPTOGRAPHY codes the blockchain also known as 
hashes. The conversion of blockchain into hashes is 
known cryptography which makes it secure.
WHAT IS CRYPTOCURRENCY 
MINING?
WHEN A NEW TRANSACTION IS 
MADE IT GET ADDS A NEW BLOCK 
INTO BLOCKCHAIN, THIS PROCESS 
IS CALLED CRYPTOCURRENCY 
MINING.
WHY TRADE 
CRYPTOCURRENCY ? 
When you trade cryptocurrency with 
firststands, you are speculating in 
whether your chosen market will rise or 
fall. However there are tons of benefits 
of trading cryptocurrency : obviously 
trading cryptocurrency will give you 
money but trading correctly is the key 
which can make your income from zero 
to hero. You can trade crypto anytime 
from anywhere you want, due to it's 
independence from the government and 
economic benefits.
WHAT AFFECTS THE 
CRYPTOCURRENCY MARKET?
To understand that, you need to know the difference between 
cryptocurrencies and fiat currencies (Indian rupees, US dollar, etc..). 
The biggest difference fiat currencies are backed by government and 
declared trust as legal tender.
Other than that both currencies have similar characteristics. Both can be a 
medium of exchange to buy products and services. So there are some things 
that you need to avoid while trading cryptocurrencies that can affect the market.
MASS ADOPTION can affect the market badly. If more people invest in 
crypto coin, it's value can shoot through the roof. But still adopting by 
the masses is not good. Why? Because there are real-world problems 
associated with them. One :they cannot be exchanged for goods and 
services as widely as a fiat currency.
DETERMINING PRICE OF CRYPTOCURRENCY : The most effective way 
Tool 1 Tool 2 Tool 3 Tool 4 Tool 5
the price of a cryptocurrency coin is determined is by it's demand. 
Heavy demand from buyers will push the value of a digital coin up.
THIS WAS ALL ABOUT INTRODUCTION TO CRYPTOCURRENCIES, IF YOU 
WANT TO LEARN MORE ABOUT TRADING , CLICK ON FIRSTSTANDS.
THANKYOU
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