There are different ways to learn about cryptocurrency; you can read books, take courses, or hire a tutor. A very effective way of grasping what cryptocurrency is really about is by watching crypto education videos. It has been established that pictorial or graphical illustrations of things stick faster and better than other methods. Thus, if you're a Canadian looking to understand cryptocurrency, you should consider watching educational videos on the subject.
Do you prefer to read guides about crypto trading? These websites could help!
If you go to video channels like YouTube or Vimeo, you will find thousands of videos relating to cryptocurrency. However, not all these videos contain the necessary information you need concerning virtual currencies. You may find it challenging to sift through the thousands of crypto education channels to decipher which one has what you need.
Therefore, this article explains the top cryptocurrency education videos you can watch for in-depth knowledge of the topic. But, first, we will discuss "what is cryptocurrency" and what aspects of it you need to learn.
What is the Cryptocurrency CoinMarketCap Canada Like?
Canada is one of the most crypto-accommodating countries globally, and that's saying a lot, considering most countries don't trust it. The estimation of Bitcoin, for example, in Canada has expanded, with a few foundations taking it up as legal tender for goods and services. Vancouver and Toronto are described as homes to Bitcoin in Canada, recording a high rate of crypto activities.
The price of Canada's cryptocurrency (CDN) or Canada eCoin on coinmarketcap currently is $0.003758 with a 24-hour $3.29 trading volume. The CDN is generated through mining and has close to 98 million coins in circulation.Â
The coinmarketcap Canada for bitcoin is 1 trillion dollars, with a trading volume of 31.6 billion dollars in twenty-four hours. Ethereum has a 418-billion coinmarketcap Canada, with a trading volume of 19 billion dollars in twenty-four hours.
USDT has a coinmarketcap of 67.7 million dollars, with a trading volume of 4.63 billion in 24 hours. Polkadot and Dogecoin have 21.4 and 21.63 billion dollars coinmarketcap Canada, with 1.1 billion and 686 million dollars trading volume in 24 hours, respectively. There are hundreds more virtual currencies traded in Canada, with their coinmarketcap running from billions to millions. Now, you see why Canada is regarded as one of the most crypto-friendly countries worldwide.
Meanwhile, the bank of Canada has considered embracing a blockchain innovation in their accounting framework, although it was suspended in 2017. The bank needed to develop arrangements to make the procedure more proficient. Regardless, Bitcoin's value has progressed considerably in Canada's economy; experts believe the future is yet bright.
The coinmarketcap Canada is expected to increase in the coming year as more Canadians take up cryptocurrency innovation.
Simplifying Cryptocurrencies for Beginners in Canada – What is Cryptocurrency?
Before you learn anything else about cryptocurrency, you need to understand what it means and how it works. This is the foundation of everything; your future in the crypto ecosystem depends on how much of the topic you understand. Therefore, we'll simplify cryptocurrencies for beginners and explain "what is cryptocurrency" in layman's terms.
A cryptocurrency is also called a virtual currency, digital currency, digital money, or virtual money – and more which you will encounter in this article. The "digital" and "virtual" point is that it is entirely online; you cannot hold it like you hold fiat or real currency. Cryptocurrencies are digital currencies that run on blockchain technology and use cryptography as security. Digital coins (another name for cryptocurrencies) don't need a central authority like the government or bank to operate.
Now that you understand it let us discuss "how does cryptocurrency work." Cryptocurrencies operate through a distributed ledger, distributing power across its community and ensuring each individual gets some. A digital coin has a defined, set monetary policy from a fixed token limit or allows new ones to be created following set-down rules. Blockchain technology is the distributed ledger through which power is distributed through the crypto ecosystem.
A blockchain comprises blocks that hold individual transaction info, which is time-stamped and posted for verification by stakeholders. Every transaction record saved on the blockchain cannot be altered – this can be a blessing and a curse, but mostly a blessing. The ledger users have to pay a small fee to conduct a transaction; this fee helps maintain the blockchain's security.
How is Cryptocurrency Different from Fiat Currency?
Both cryptocurrency and fiat currency act as a medium of exchange, unit of account, and store of value. However, the way both currencies work differ in significant ways. For example, fiat is a legal tender worldwide with a value tied to government-issued currencies like the dollar or euro. Meanwhile, a digital currency is a virtual asset that draws value from its native blockchain. Another major difference between both currencies is their issuance and governance.
Fiat's issuance and governance are dictated by a governmental body or central banks, while cryptocurrency is governed by blockchain code, protocols, and communities. There have to be intermediaries; cryptocurrency is distributed via decentralized networks to enable transparent and trustless transactions. While most fiat currencies are reliable, many are subject to inflation and shady or ineffective monetary policies. Meanwhile, although the initial crypto space is volatile, there is an emergence of stablecoins.
Lack of intrinsic value is a major criticism of fiat currency; it derives perceivable worth from its status as a legal tender. On the other hand, cryptocurrency has intrinsic value independent of anybody, organization, or individual. Fiat currency is printed, while cryptocurrency is mined. However, both currencies can be purchased via exchange platforms, invested in, exchanged for goods and services, or traded for other assets.
Transactions with fiat currency require mediators and service merchants like Western Union or financial service apps like PayPal. Meanwhile, transactions done with cryptocurrency don't require an intermediary; it is instant through blockchain providing more freedom to users.
What Are Top Cryptocurrencies Education Videos?
This list is composed of top cryptocurrencies education videos on YouTube from which you can learn about digital assets and how to invest. You can get valuable information from these videos and use them in your digital investment adventure.
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BitBoy Crypto
This is one of the largest cryptocurrency channels on YouTube, mostly because of the rich depth of information it dishes daily. You can find videos and interviews with successful cryptocurrency CEOs the latest news on crypto, trading, and investing advice. It has a community called BitSquad, where you can learn about different altcoins, among other things.
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CoinBureau
This is an information portal to everything crypto and forex, with their analysts conducting regular reviews on cryptocurrency exchanges. The videos contain the secrets for navigating the murky cryptocurrency ecosystem, providing high-quality information on cryptocurrency.
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Data Dash
Data Dash is majorly focused on Bitcoin; it contains information-rich videos with updates concerning blockchain, including news, comparisons, potential threats, and analysis. Data Dash also talks about stock market trends and finance generally, if you have other interests beyond cryptocurrency.
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Real Vision Finance
This is where you get information and an understanding of the complex financial world, including cryptocurrency. Although it just launched its crypto division, it already has interviews with some of the brightest crypto minds and macro-economic investors. The channel owner, Raoul Pal, is one of the leading drivers for adopting cryptocurrencies for institutional investors.
How Can a Superprof Tutor Help You Understand the Top Cryptocurrencies?
If you are new to cryptocurrency in Canada but want to start investing, you need to understand the top cryptocurrencies to invest in. For example, Bitcoin is the leading digital coin, although Ethereum is expected to overtake it soon with Ethereum 2.0 underway. That statement will sound like German if you don't know anything about crypto. But that's why tutors are there; a Superprof tutor in Canada can help you understand top cryptocurrencies to invest in.
A tutor teaching you about cryptocurrency must be versed in the subject; only such can break down the complexities of cryptocurrency. A Superprof tutor has theoretical and practical knowledge of "how does cryptocurrency work" and the ones that hold the most promise. They teach you why they are the top digital currencies, how to invest in them, and what to expect generally.
The Canadian Superprof tutor will work with you one-on-one to discuss each cryptocurrency, ensuring you understand perfectly. One-on-one tutoring is the best because it is easier to figure you out and deduce how to meet your needs in particular.
With thousands of cryptocurrencies in circulation, you need the help of a Superprof tutor in Canada to help you understand the top ones. They also supply crypto education videos illustrating the market trends of popular cryptocurrencies so you can see for yourself. See top reasons to learn trading skills.
In conclusion, cryptocurrency education videos demonstrate how cryptocurrency works, the difference between the types of digital currencies, and how to trade or invest.
From these videos, you learn about the cryptocurrency exchange platforms and, how to choose the right one, what features to look for. You get practical and graphical illustrations of virtual currencies, which is one of the best ways to learn about them.
Read these books if you want to understand crypto investment in Canada.
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