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It’s completely FREE for all Cryxbo product users!
Welcome to Cryxbo Academy: Your First Step in the World of Safe and Smart Crypto Trading!
In the fast-paced, ever-evolving world of cryptocurrency, finding reliable tools that make trading easier, safer, and more effective can be a challenge. This is why Cryxbo exists – to empower you with a reliable, automated trading assistant that not only takes the heavy lifting out of crypto trading but also provides you with the essential knowledge to navigate this landscape with confidence.
Getting Started: Understanding Crypto Wallets and Networks
It’s crucial to understand how crypto wallets and networks work. This knowledge will ensure you’re equipped to handle transactions securely and without mistakes.
What is a Crypto Wallet?
In simple terms, a crypto wallet is like a digital bank account. It’s where you store, send, and receive your cryptocurrencies. Unlike a traditional bank account, a crypto wallet is decentralized, meaning you are in complete control of your funds. However, with this power comes great responsibility, as crypto transactions are irreversible. Here’s what you need to know about transactions:
1. Unique Wallet Addresses:
• Every crypto wallet has a unique address, similar to an IBAN in traditional banking. This address is a string of characters that identifies your wallet on the blockchain.
• Unlike with banks, crypto transactions cannot be reversed if you make a mistake. So, accuracy is paramount. Always double-check wallet addresses before making a transaction.
2. Types of Wallets:
• Hot Wallets: These are connected to the internet and are used for frequent transactions. They’re convenient but come with security risks, as they are vulnerable to online threats.
• Cold Wallets: Offline wallets like hardware wallets that provide added security by being disconnected from the internet. Ideal for long-term storage of crypto assets.
Learn more about wallet types here!
Understanding Crypto Networks: BEP20, ERC20, TRC20, and More
In cryptocurrency, networks are like the highways that move your funds from one wallet to another. Just as different countries have different payment systems, cryptocurrencies use different networks to facilitate transactions. Here are some of the most popular networks and why they matter:
1. ERC20 (Ethereum Network):
• The ERC20 network is part of the Ethereum blockchain and is widely used by a vast number of tokens. Ethereum has a large ecosystem, but it can be expensive to use due to high gas fees, especially during busy times. One transaction in ERC20 cetwork costs 5,00 USDT (5 USD on 2024) or more.
2. BEP20 (Binance Smart Chain):
• The BEP20 network is built on Binance Smart Chain (BSC). It offers faster transactions at lower fees compared to Ethereum, making it ideal for many stablecoins and smaller transactions. One transaction in BET20 network costs can variate from 0,00 to 0,20 USDT.
• Cryxbo uses the BEP20 network for payments due to its cost-effectiveness and speed, allowing our users to transfer funds with minimal fees.
3. TRC20 (TRON Network):
• TRC20 is a network on the TRON blockchain, known for its speed and low transaction costs. It’s popular for transactions of stablecoins like USDT. One transaction costs around 1,00 USDT.
4. Other Networks:
• There are many other networks, like Solana, Avalanche, and Polygon, each designed for different purposes. Some networks exist to provide faster transaction speeds, others to lower costs, or to serve specific crypto ecosystems. However, to keep things simple, we’ll focus on the most commonly used networks above.
Why So Many Networks?
• Different networks exist to address various needs in the crypto world. Some, like Ethereum, are designed for a wide ecosystem of decentralized applications (dApps). Others, like Binance Smart Chain, aim to provide lower-cost transactions. This variety allows users to choose the network that best suits their needs, depending on factors like speed, fees, and compatibility with certain tokens.
Why Crypto Trading is Essential for Earning Money – And How Cryxbo Can Help
In today’s fast-paced world, cryptocurrency trading has emerged as one of the most exciting and potentially profitable investment avenues. The 24/7 nature of the crypto market, combined with its rapid growth, presents unique opportunities to earn money. However, to take full advantage of these opportunities, you need the right tools and knowledge.
Cryptocurrency markets offer different ways to trade – from simple buying and selling in the spot market to advanced trading options like futures, options, and margin trading. Each market has its unique risks and rewards, and understanding how to navigate them is key to maximizing your returns. But traditional, manual trading can be challenging, especially with the emotional ups and downs of constantly watching market fluctuations. That’s where Cryxbo comes in.
Cryxbo is designed to take the emotion out of trading, providing a powerful, automated trading assistant that works around the clock. With Cryxbo, you can capitalize on market opportunities without the fear, greed, or impulsive decisions that often lead to losses in manual trading. It’s a tool for those who want to make the most of crypto trading without needing to monitor the markets constantly.
Academy is completely FREE for all Cryxbo product users!
For our clients, Cryxbo Academy offers a deeper understanding of each type of market, teaching you the fundamentals and risks associated with different trading methods. By educating yourself on how spot, futures, options, and margin trading work, you’ll be better prepared to leverage Cryxbo’s power and make smarter investment decisions. This combination of automated trading and ongoing education will set you up for a more informed, profitable, and secure trading experience.
Let Cryxbo help you unlock the full potential of crypto trading – intelligently, consistently, and without the stress of manual trading. Join us to start to learn quickly, trade confidently and earn effectively!
Why We Chose Bybit for Cryxbo
To make your experience with Cryxbo smooth and reliable, we’ve partnered with Bybit, one of the leading cryptocurrency exchanges. Here’s why we recommend Bybit:
1. User-Friendly Platform:
• Bybit is known for its intuitive interface, making it easy for beginners and experienced traders alike to navigate.
2. Reliable Security Features:
• Security is a top priority for Bybit. They use industry-standard security measures to keep user funds safe, so you can trade with peace of mind.
3. SEPA Transfers for Easy Funding:
• Bybit offers SEPA bank transfers for European users, allowing you to easily fund your account in Euros. Once your Bybit account is set up, you can transfer Euros from your bank (recommended options include Revolut, N26, Wise) to your Bybit account with minimal fees and hassle.
4. Simple Conversion to USDC:
• Bybit allows you to convert your deposited Euros to USDC directly, making it easy to prepare for your Cryxbo subscription payment.
5. Low-Fee, Fast Transactions on BEP20:
• Bybit supports the BEP20 network, which means you can send USDC to Cryxbo at a lower cost and with faster transaction times.
Step-by-Step Guide to Getting Started with Cryxbo
Ready to get started? Here’s how to set up your Bybit account, fund it, and become Cryxbo user.
Step 1: Create Your Bybit Account
1. Use Our Affiliate Link: Start by creating your account through our Bybit affiliate link: https://www.bybit.com/invite?ref=KVK0RW.
2. Complete Registration: Fill in your email, create a secure password, and verify your account.
Step 2: Fund Your Bybit Account
1. Transfer with Apple Pay or Bank Card:
Use this method for smaller transfers used for licence fees or Your first steps in crypto trading.
- In your Bybit account, go to the Assets section, choose “Deposit”.
- Chose “Buy with EUR”. At the top choose USDC as You want to buy USDC as a base value.
- Write down amount un EUR You want to buy. System will show how many USDC You will receive. Press Next.
- Then choose either Apple Pay or Bank card.
2. Transfer with SEPA payments:
This method is cheaper, but slower – used to transfer bigger amounts of funds.
- In your Bybit account, go to the Assets section, choose “Deposit”.
- Chose “Deposit EUR”.
- Enter amount, chose SEPA and press Continue.
- Continue again.
- Follow details as shown – transfer to shown IBAN funds from YOUR (not someones else) bank account.
3. Convert Euros to USDC:
• Once the funds arrive in your Bybit account, go to the Assets -> Funding account and find function called “Convert”. Convert Euros to USDC, which you’ll need for trading and licence fees.
Step 3: Transfer USDC to Cryxbo on BEP20 Network
1. Access the Cryxbo Bot in Telegram:
• Open the Cryxbo bot at https://t.me/CryxboBot and select your subscription plan under the Subscription section. Pricing of trade plans are here.
2. Copy the Payment Address:
• Follow the bot’s instructions to copy the exact wallet address and amount for your chosen plan. Remember, accuracy is crucial.
3. Send Payment from Bybit:
• In Bybit, go to Assets, choose Withdraw, and select USDC with the BEP20 network.
• Paste the wallet address from Cryxbo and confirm the exact amount. Double-check everything!
4. Confirm Payment with Transaction Hash:
• Once the payment is made, copy the transaction code (also called TX or hash) and paste it into the Cryxbo bot with the prefix TX: (your code).
What’s Next?
Once you’ve successfully subscribed, you’ll gain full access to Cryxbo Academy, where you’ll learn more about crypto trading, scam prevention, and advanced trading strategies. Plus, with Cryxbo working in the background, you can experience the benefits of automated trading while continuing to learn and grow your crypto knowledge.
What You’ll Learn:
1. Trading Basics
• Spot Trading: Learn the fundamentals of buying and selling crypto.
• Advanced Trading: Explore futures, options, and leverage to expand your trading power.
2. Risk & Security
• Protecting Your Capital: Essential strategies for managing risk.
• Keeping Your Assets Safe: Security tips for wallets and exchanges.
3. Trading Psychology
• Control Your Emotions: Avoid fear and greed-based mistakes.
• Stay Disciplined: Stick to your plan for consistent results.
4. The Power of Automation
• Emotion-Free Trading: Let Cryxbo handle decisions without bias.
• 24/7 Market Access: Capture opportunities anytime, anywhere.
Why Cryxbo Academy?
• Complete Knowledge: From basics to advanced strategies, we cover it all.
• Exclusive to Clients: Available to Cryxbo users for hands-on learning.
• Practical Application: Apply what you learn directly with Cryxbo’s trading assistant.
Cryxbo Academy is here to guide you, providing safe, smart, and valuable insights so you can confidently navigate the crypto world. Welcome aboard, and let’s take your trading journey to new heights!
This comprehensive introduction not only educates users on the basics but also explains why Cryxbo is the right choice for simplifying and enhancing their crypto trading experience.