Video 3Bhe3l7i1Ds

[00:02] almost nothing about cryptocurrency and would like to learn how to use it without delving too deeply into the theory. I will tell you step by step how to create a cryptocurrency wallet, how to buy cryptocurrency and how to exchange it for

[00:16] regular money, rubles, dollars or euros. I will show each step on the screen to make it easier for you to understand. Believe me, using cryptocurrency is no more difficult than using a regular banking application. I am an independent journalist and I believe that the

[00:31] more people use cryptocurrency, the better. Cryptocurrency gives you more financial security and independence from the state. This is important in our time. As with any financial instrument, there are risks in cryptocurrency, and

[00:45] I will also briefly talk about them. This video has a partner, the has a partner, the cryptocurrency exchange monitoring service ex.ru. I will use it in my explanations. This is not the only way to buy

[00:57] cryptocurrency. I will also talk about others, but you see that it is really very convenient. I will immediately make a reservation. I will simplify some things as much as possible so that the information is accessible even for absolute beginners, but I will try not to

[01:11] beginners, but I will try not to mislead you anywhere. So, let's imagine that I have never used cryptocurrency. and I want to start doing this, where should I actually start first? I need to create a crypto wallet.

[01:24] It's like a regular wallet, only virtual. It can store cryptocurrencies, and the easiest way to create a new crypto wallet is to install one of the special applications for the phone. There are quite a

[01:38] lot of them, and I can recommend three applications to you. I used them myself and applications to you. I used them myself and was generally satisfied with them. These are UST, STI, and Exodus. They are all good, but I personally liked UST the most. This is not an

[01:53] advertisement. It's just my personal taste, and I will show you using UST as an example, but in general, all these wallets are designed in a similar way. So my instructions will work for almost everyone else. First, go to the app store and download the application you need.

[02:08] If you want to use another application, pay attention to the rating and number of reviews. Trust has everything in order with this. Download and run. First, I will show you a short greeting here, and then you will be asked to

[02:23] create a new wallet. Create a new Wallet or add an existing one. Exodus. Select create a new one. Next, we are asked to create a PIN code for the new wallet. The next step is saving. wallet secret phrase, you can

[02:37] save it manually or copy it to the cloud, I usually choose manual copying, manual saving, and I think this is more reliable. You will be shown a secret phrase of twelve random English words, this is essentially the key to

[02:52] your wallet. Be very careful with this. Firstly, you need to save this phrase. Secondly, you do not need to show it to anyone because anyone who knows this phrase can access your wallet and

[03:05] steal your money. It's like a password. Why is this necessary? Because the new wallet is linked to the device, to this specific phone, but phones get lost, stolen, hacked, and so on. Of course, in this case, we wouldn't want to lose access to

[03:19] our crypto wallet, and the secret phrase will help you restore the crypto wallet on another device. Remember, we were initially asked whether we wanted to create a new wallet or add an existing one. And if we chose to

[03:31] add an existing one, we would just be asked to enter this secret phrase. the wallet will check it and offer us Enter random words. For example, what is word number two, what is number eight, and so on. We answer and finally get to the

[03:46] wallet itself. They will ask about push notifications and offer to read all sorts of news. We will, of course, skip all this. And then what we see here at the top is our total balance in US dollars at the exchange rate. At the current moment

[03:59] and so far there is zero. Unfortunately, then the buttons send and receive, buy and collect, and below is a list of popular cryptocurrencies. Here is a small digression, like regular currencies, cryptocurrencies are different. You have definitely heard of Bitcoin, this is the very

[04:15] first and still very popular cryptocurrency. But today, all sorts of alternative cryptocurrencies are increasingly being used. There are a huge number of them, and you don’t need to understand them all. Well, for example, in everyday

[04:29] life, you use dollars and rubles and don’t know anything about Algerian dinars or Argentine pesos, so here we are today, in fact, interested in only we are today, in fact, interested in only one cryptocurrency:

[04:42] USDT. USDT is the so-called stable coin. Stable coin is a type of cryptocurrency that is tied to the exchange rate. In the crypto world, ordinary money is usually called fiat, and when talking about exchanging cryptocurrency

[04:57] for dollars, rubles, or euros, they often use the phrase "withdraw fiat." use the phrase "withdraw fiat." USDT is tied to the exchange rate of the fiat and iconic Bitcoin. There are several problems, one of which is

[05:11] high volatility, that is, sharp changes in the exchange rate both up and down, and this forces those hoping to make money on the growth of their rate to buy Bitcoin. But for everyday calculations, such a currency is not very convenient to use; tomorrow it

[05:25] can cost 20% less or more than today. Therefore, stable coins are in vogue, and the most popular in recent years is USDT. USD is from the United States dollar, and T is an abbreviation for teer, this is the name of the company

[05:40] that issued this cryptocurrency. But look in the list of cryptocurrencies, by default, there is no USDT in the Trust wallet. What to do here is simply go down and click the "manage crypto" button to manage cryptocurrency and here we see a

[05:55] huge list of all kinds of cryptocurrencies that Trust supports. Some of them are enabled, and most are disabled for now. We find USDT in this list and Here Now look also Another very important point there are two usdt one has

[06:09] etherium written at the top and the other has tron ​​This is a complex point at first glance now easily figure it out And everything will become clear to you The fact is that in some cases one cryptocurrency can use different systems for

[06:23] storage and transfer Here we need to make a very small theoretical cryptocurrency is built on blockchain technology, this is a very interesting breakthrough technology, but for the purposes of this video, we are completely unimportant about all sorts of

[06:36] technological nuances What is important for us now is to understand that sometimes the same cryptocurrency can exist in two blockchain networks or even in greater quantities for usdt - this is the etherium blockchain, the so-called ether, and the

[06:50] tether company's own blockchain, which is called Tron. If we compare with ordinary money, I don't know, you can very simply imagine that these blockchains are like two different central banks that

[07:03] issue the same currency, but we will use the Tron network, which is slightly different from each other, because according to my observations, this network is most often used to exchange usdt, and the fact is that Transactions in it are cheaper

[07:17] than in the Ethereum network. The Tron network is often indicated by the abbreviation usdt trc20. When you see this, it means that we are talking about stablecoins. What is usdt sent through the Tron network? And if the Ethereum network is used, the

[07:32] Ethereum network is used, the abbreviation erc20 is used to distinguish two usdts from each other. You can also use different logos. In both cases, it is the letter T with a circle, but the Tron network also adds a white triangular

[07:44] crystal on a red background. And the Ethereum network has a black crystal of such a classic quadrangular shape. All this was perhaps the most difficult moment, and to be honest, at first it confused me a little, but

[07:58] after just a few transactions, you get used to this logic and stop being embarrassed. So, and stop being embarrassed. So, we added usdt trc20 to our wallet. Now let's add another cryptocurrency, Tron. It is also trx, a

[08:11] cryptocurrency of this very company, tether, which is generated and transferred in the same blockchain. I will explain why a little later. We will need it if we click on usdt in the list of our cryptocurrencies and then on the receive button,

[08:24] we will see a QR code and a long address of numbers and letters, this is the address of your wallet for usdt. You can specify it to transfer money to you. Now let's do the same with the trx cryptocurrency. See, look,

[08:39] the address is exactly the same. This is because trx and usdt trc20 operate in the same blockchain network. Now it is not necessary to go into this, just do not be surprised that related cryptocurrencies sometimes have the

[08:51] same addresses. This is normal. I emphasize that you cannot send bitcoins, ether, or even usdt trc20 to the same address. This is trc20, although you have

[09:03] one wallet for each type of cryptocurrency, it has its own address and it is important not to confuse them with each other. So, in our wallet, usdt itron has now appeared, but while it is naturally at zero, we already have a wallet but no money. So, how do we buy

[09:18] cryptocurrency and where are there several ways to do this? If you have a foreign bank card, then in general everything is quite simple. There are many buy cryptocurrency without a commission. This can even be done directly in the Tras app by clicking on the

[09:32] corresponding button or in many other similar apps. common situation in which you do not have such a bank card, and then there are two main ways for you: p2p Trading and crypto exchangers. Let's

[09:46] start with crypto exchangers. In my opinion, this is the easiest and most accessible way for beginners. A crypto exchanger is the same as a this is the easiest and most accessible way for beginners. A crypto exchanger is the same as a virtually. Although some exchangers also work with cash, especially if

[10:00] the amounts are large, and this is where our video partner nn.ru will help us. This is a cryptocurrency exchange monitoring service where you can find trusted exchangers and the best rates. Everything works

[10:14] very simply. Let's show you step by step now. So, go to xnote.ru. At the top, we see a line, select the exchange direction. We want to buy USDT for rubles, which we have, say, on a bank card. They don't offer

[10:30] cash here, and it's more profitable to exchange cash. Here, we have the best rates and no commissions. But in our case, we need a cashless payment. We choose banks and choose payment. We choose banks and choose Tinkov What we want to buy is USD TRC20

[10:44] and since this is the most popular cryptocurrency, it is already selected on the right, but you can choose any other cryptocurrency. In general, we can exchange it for almost anything, but right now we are interested in USD TRC20, we write here 50

[10:59] USDT and get the most favorable rate at the moment, which is almost 98 rubles per dollar. Let's immediately figure out how this compares with the rate at a regular bank. We compares with the rate at a regular bank. We go to the Rosbank website and look at the

[11:12] dollars today at 99.8, that is, buying at Sberbank is even a little more expensive. We return to xnote, further below is the list of exchangers and

[11:24] here we can choose the appropriate one. How to choose, there are two main factors here. The first is, of course, that we are interested in where to buy cheaper, and the second factor is the minimum exchange amount, and often exchangers with the best rate

[11:36] only work with such large noticeable amounts, say, from 500 USDT, and we want to buy only 50, so let's look for the exchanger that is ready to sell us a little USDT here you can immediately It's very convenient to sort exchangers by amount,

[11:50] and we're looking for those where both amounts are green, which means they match our request. Look, this exchanger is ready to exchange from 500 rubles. Perhaps later you'll choose an exchanger you like and

[12:04] let's choose this one, for example, on xnote, and move on. Exchangers have different designs. But they're all arranged roughly the same. You again enter what you want to exchange for what, and we want Tinkoff rubles for USD. Well, to make things even, let's

[12:19] enter 5,000 rubles. We want to exchange and click the exchange button. We're asked to enter our email address (full name) and our TIKOV card number, as well as the TRC20 wallet address, where the money will actually be sent, and then they give you the

[12:35] card number. Where do you need to transfer the money? We go to our online bank or the TIKOV mobile app and simply transfer 5,000 rubles. You can click the "I paid" button to this very card, but here the payment was even calculated automatically, and they

[12:50] tell us the exchange time until We've been waiting for 15 minutes. We're waiting, but look, it literally takes less than a minute and the transaction is complete. Let's check it out. Let's go into our brand new Trust wallet, please update it. 50 dollars and some change

[13:06] have appeared in our account. Congratulations, this is your first cryptocurrency. Now you can do whatever you want with this cryptocurrency: you can store it, exchange it, sell it, and so on. But there's an important nuance: to send

[13:20] cryptocurrency somewhere further along the Tedder network, you need to have at least a little of their own currency, Tron. The cryptocurrency blockchain is designed so that you pay for transactions. This is what the economy of this system is based on.

[13:34] So, let's get ourselves some Tron currency. It's also called TRX. Let's buy it for literally 500 rubles for this. Let's use the same exchanger we found on x.ru. Everything is the same and ready. We check the wallet. We have 56 TRX in our

[13:50] account. That's it, now we can send or exchange cryptocurrency ourselves. We can keep it for some time in the wallet, dollar exchange rate rises, and then exchange it back to rubles, of course.

[14:04] There is a difference between the buying and selling rates in exchangers, so this only makes sense or we need to settle accounts with someone. Let me try sending

[14:17] half of the USD I received, 25 dollars, to my other wallet as an experiment. Go to USDT, select SE, enter the address of the wallet where we are actually going to send the money,

[14:29] wait a little while for it to calculate. Today, something hangs a little, and now the calculation will cost us 13 trx, which is a little more than a dollar. This amount can change, and sometimes in a non-obvious way. For example, a transfer of 10,000 USD

[14:42] will cost you less than a transfer of 25 USD. Well, again, we will not delve into pricing in general now. In any case, these payments are not ruinous. Click the confirm button, wait a little more, and all the

[14:56] money goes to my other wallet. They arrive almost instantly. Now look at another important point. Using an exchanger, you can transfer money not only to yourself. You can enter the bank card of anyone. His name

[15:10] and make an exchange in favor of this person, that is, you send, say, person, that is, you send, say, 100 usdt through the exchanger. And your friend Vasya or Katya will receive the equivalent in rubles on their card. In principle, this is almost all you

[15:23] need to know in order to use cryptocurrency, and then there are the nuances. But I should also say about another important way of buying and selling crypto - important way of buying and selling crypto - This is p2p. What is p2p? It is an abbreviation for

[15:35] Peer-to-Peer. The bottom line is that, for example, I have 100 usdt. And you have 10,000 rubles in Sberbank. You want to buy crypto from me. How do I do this? Well, you transfer 10,000 rubles from your Sberbank to my Sberbank, and I transfer 100

[15:50] usdt from my crypto wallet to yours. That is, two parallel, unrelated transactions are obtained. two parallel, unrelated transactions are obtained. know and trust each other, but How can such a deal fail if

[16:03] the buyer and seller are not familiar? And this is usually the case, and crypto exchanges can act as guarantors of the transaction. Like Binance or others, but unfortunately, large exchanges are currently shutting down or have already shut down their operations in Russia.

[16:16] Services like Telegram bots also sometimes act as guarantors of transactions. You can go into such a bot, select the p2p trading function, find a good offer, and make an exchange. You can buy crypto that way, and then withdraw money. In general, exchanges are possible in

[16:30] any direction, and in general, it's a good option, and many do this. But I personally find it more convenient to use crypto exchangers. The rate is similar. Look, for example, there is a popular Telegram Bot Wallet. It has its own p2p platform, and if you

[16:45] different from what we had at the exchange office. In some countries, you can buy and sell crypto literally at a regular currency exchange. For example, in Turkey, you go to a regular booth on the street, they tell you the address of USDT or

[16:59] give you a QR code, you transfer money to it and receive cash in either dollars or lira. Whatever suits you best, this is also the case in Russia, but a little more covertly. And the same xnote allows you to find exchangers that

[17:11] accept cash in a variety of cities. In Russia and even the world in general, it is certainly more profitable to exchange cash than non-cash money. Some exchangers are just slanted offices where people come to transfer sometimes

[17:25] millions or tens of millions of rubles or other currencies into crypto, but they will also exchange smaller amounts for you there. To be honest, I myself have never used this, but it seems that this industry works. However, it is clear that any movement of large sums of

[17:39] cash is always a certain risk, take this into account. Now a few words about risks in general. Well, firstly, any financial transaction is a risk, the question is to

[17:51] crypto exchangers are as reliable as a Swiss bank. As you understand, there is such an important moment of trust. When buying or selling cryptocurrency, buying or selling cryptocurrency,

[18:05] and sometimes more, up to an hour, there is a delay and theoretically you can be deceived here and receive money but not transfer crypto or rubles, but the exchange market is quite competitive. Many services have been working there for years, they have

[18:21] their business is based on this reputation and on the same xnote you can see the number of reviews, for example, no, I do not My friends have not encountered a situation of outright fraud with exchangers and on the

[18:33] trading platform. I have not encountered this either, but theoretically such risks exist. Secondly, you need to understand that the anonymity of scripts is a conditional thing. Yes, when we registered a wallet on the phone, we did not enter either a name or a phone number, so the

[18:47] wallet itself is not tied to us in any way. But the weak point here is the purchase of crypto for fiat money or vice versa. And the withdrawal of crypto to Fiat. Because fiat money is often a bank account and, theoretically, if you conduct some kind of

[19:02] serious investigation, you can track the chain of transfers. Take the exchanger by the gills and get information from it about which crypto wallets the money was transferred to. Well, for example, from your personal bank card,

[19:15] so I would not say that transfers in crypto protect you from such claims, but there are truly anonymous cryptocurrencies, for example, Moro, and they are considered safe in this sense. I will not go into how

[19:28] this works now, but in general, you can buy such cryptocurrency in the same way in any exchanger and send it anywhere and it is considered anonymous and safe. Russian authorities view cryptocurrency as a digital

[19:41] asset. It is prohibited to pay for services and goods with it, but it can be stored or operations like the ones we did today are legal. There is also the problem of blocking bank cards, which are often involved in exchange

[19:56] transactions, especially in p2p trading, and this is actually Well, it’s not really connected with crypto as such. The bank doesn’t see crypto at all, but it sees, for example, that doesn’t see crypto at all, but it sees, for example, that

[20:09] money and quite large amounts are received. And for it, this is an alarming signal and the card can be blocked even automatically. And sometimes this happens and literally after a few transfers. I haven’t encountered this myself, but friends have. So, it’s

[20:24] better to use a card and a bank account that You are not critically important, another potential risk is associated with the opinion that cryptocurrency in general is less reliable than fiat money and it can collapse, this is a debatable issue.

[20:39] Yes, some cryptocurrencies have crashed, some are very volatile and can quickly depreciate and then gain value again, but as we know well from the fiat money. The company teder claims that the lion's share of the

[20:53] claims that the lion's share of the USDT issued by it is backed by real assets at a one-to-one rate. There is no 100% guarantee that this is actually the case, and some experts say that the collapse of USDT is possible, but in general, the stablecoin USDT has

[21:06] not yet experienced serious problems for calculating transfers and accumulating small amounts. I think it is quite suitable. Personally, I am not sure that I would keep any large amounts in USDT for a long time. A regular bank with fiat

[21:20] money seems more reliable to me here. Although, maybe this is my conservatism speaking as a post script. A little more about how you can use the Xnote service in general, cryptocurrency exchangers today

[21:32] allow you to exchange Almost anything for almost anything. If you need to exchange rubles for dollars, say, in a Georgian bank account, then you probably don't need crypto for this. You can find exchangers through which

[21:46] you can simply transfer rubles, for example, from a Russian bank to a bank card in dollars or euros somewhere in Europe, the USA, or another country, or an account in PayPal or other similar services. I already said that you can exchange

[21:59] cash and this turns out to be the most profitable. But our video is about crypto, so I won't go into detail on this. That's all, now you know how to use cryptocurrency and know the basics. If you want to go deeper, there are many more nuances, such as

[22:15] wallets and different exchanges and different financial instruments based on cryptocurrency, but that's all another story. I hope this video was useful to you. If anyone wants to learn how to use cryptocurrency,

[22:27] this video to them as instructions. Well, if you like what I do, you can send me a donation, including in cryptocurrency. The addresses are in the video description. Now you know how to do it for today. That's all for now. Bye. Take care.