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What is Cryptocurrency, Explained in 5 Minutes

Name: What is Cryptocurrency, Explained in 5 Minutes
Uploaded: 2025-06-18T12:00:10+00:00
Duration: 5 min 4 s

Binance

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

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