Understanding Cryptocurrency in 5 Minutes

Are you new to crypto? Crypto can seem overwhelming at first—but at its core, it's just money, reimagined for the internet age. In under 5 minutes, Jessica breaks down what cryptocurrency really is, how it works, and why it matters for users, developers, and investors around the world. ✅ What is cryptocurrency, and how does it compare to fiat money? ✅ How blockchain technology works – the transparent and decentralised ledger ✅ Centralised exchanges vs. self-custody crypto wallets ✅ What are real-world assets (RWAs) and how are they used in Web3? ✅ Bitcoin vs Ethereum vs Altcoins: Understanding different types of cryptocurrencies ✅ Why stablecoins like USDC matter – and how people use them to lock in profits 💡 Whether you're here to understand Bitcoin, explore Ethereum or Solana, understand or just curious about how crypto works and why it matters in today’s world, this video has you covered. 📚Resources: What Is Cryptocurrency and How Does It Work? https://academy.binance.com/en/articles/what-is-a-cryptocurrency ⏱️ Timestamps: ⏳ 00:00 – What Is Cryptocurrency? A Beginner's Overview ⏳ 00:07 – Crypto is Digital Money: Payments, Investing, and More ⏳ 00:30 – Crypto has No Middleman ⏳ 00:44 – What Is Blockchain? Decentralised Ledger Explained ⏳ 01:10 – How Crypto Wallets Work vs. Centralised Exchanges ⏳ 01:48 – Different Blockchains: Bitcoin, Ethereum, Solana & More ⏳ 02:42 – Blockchain Tokens: How Native, Project Tokens drive them ⏳ 03:11 – Why People Invest in Crypto Ecosystems ⏳ 03:54 – What are Stablecoins? ⏳ 04:51 – Outro #Cryptocurrency #Bitcoin #Stablecoins #CryptoWallet #Web3 #DigitalAssets #CryptoForBeginners #BinanceExplains ⚠️ RISK WARNING: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on your individual circumstances. Not financial advice. For more information, see our Terms of Use and Risk Warning. 📢 Join the conversation: ➡️ Twitter/X: https://twitter.com/binance ➡️ Instagram: https://www.instagram.com/binance ➡️ Facebook: https://www.facebook.com/binance ➡️ TikTok: https://www.tiktok.com/@binance ➡️ LinkedIn: https://www.linkedin.com/company/binance ➡️ Reddit: https://www.reddit.com/r/binance 🔗 Download Binance here (iOS, Android): https://binance.onelink.me/y874/cb98de36 🔗 Sign up for Binance here: https://www.binance.com/en?ref=ERQKP7ND&utm_source=BinanceYoutube&utm_medium=GlobalSocial&utm_campaign=GlobalSocial