{"id":19937,"date":"2024-05-14T07:33:58","date_gmt":"2024-05-14T07:33:58","guid":{"rendered":"https:\/\/coinengineer.io\/?page_id=19937"},"modified":"2024-05-16T18:54:42","modified_gmt":"2024-05-16T18:54:42","slug":"faq","status":"publish","type":"page","link":"https:\/\/coinengineer.net\/blog\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"
\n

Frequently Asked Questions<\/h1>\n

You can find the questions you have in mind by looking at the questions and answers prepared before.<\/p>\n

\n
What is Bitcoin?<\/div>\n
Bitcoin (BTC) is a decentralized cryptocurrency. All transactions are cryptographically processed and stored in decentralized ledgers. It is an open code; identified by encrypted and anonymous codes. As it uses peer to peer (P2P) technology, it enables all kinds of financial transactions to be recorded easily between peers in a secure environment.<\/div>\n<\/p><\/div>\n
\n
Where To Buy ?<\/div>\n
You don’t need to buy a full bitcoin first. Bitcoin can be split up to a hundred million times.
\n Virtual marketplace platforms that bring together those who want to buy bitcoin and those who want to sell bitcoin are called cryptocurrency exchanges. Our lifetime discount links on exchanges where you can buy Bitcoin.
\n You can watch our video<\/a> on how to buy bitcoin we prepared for you.
\n You can watch our free training series<\/a> video from scratch that we have prepared for you.
\n Our lifetime discount links on exchanges where you can buy Bitcoin.<\/p>\n
Links<\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n
What is Crypto?<\/div>\n
Cryptocurrency is a digital and virtual currency that uses the science of cryptology in terms of security. We have been using these coins for years in our bank cards, virtual cards or in every transaction we make in the virtual environment.<\/div>\n<\/p><\/div>\n
\n
Who Can Produce Cryptocurrency and How?<\/div>\n
Cryptocurrency mining is a computing method in which all users confirm each other. Just as a miner digs the ground and reaches the reserve, cryptocurrency mining processes information just like digging the ground.<\/div>\n<\/p><\/div>\n
\n
How the Transactions are being recorded in Crypto?<\/div>\n
Blockchain is the leading software that manages this currency. This software, which means blockchain, performs many basic operations such as producing, selling and operating cryptocurrencies. The network security of anonymously bought and sold coins is also provided by this blocking system.<\/div>\n<\/p><\/div>\n
\n
Does Cryptocurrency Have a Physical Equivalent?<\/div>\n
Concrete use of cryptocurrencies like a coin or banknote is not possible. However, this money has currency equivalents such as Euro and Dollar, and you can exchange your crypto money whenever you want.<\/div>\n<\/p><\/div>\n
\n
Where Are Cryptocurrencies Stored?<\/div>\n
Coins stored in the blockchain network can be controlled through personal digital wallets. The wallet information is written to the network called public key. You manage your wallets with software like Exodus.
\n If you want to keep your money securely, you need to keep your private key information, not to share it with anyone, and to obtain your money from reliable sources.\n <\/div>\n<\/p><\/div>\n
\n
How Many Cryptocurrencies Are There?<\/div>\n
New Cryptocurrencies are coming out almost every day. There are more than 2500 cryptocurrencies as well as brands such as Bitcoin, Ethereum, Ripple, Litecoin.<\/div>\n<\/p><\/div>\n
\n
How Reliable Are Cryptocurrencies?<\/div>\n
Although the cryptocurrency has a solid firewall, some errors may occur due to its anonymity and human factor.<\/div>\n<\/p><\/div>\n
\n
Are Cryptocurrencies Legal or Illegal?<\/div>\n
It is legal to use in many countries such as Japan and Turkey. However, it can also be used illegally due to money laundering and illegal transfer.<\/div>\n<\/p><\/div>\n
\n
What is Blockchain?<\/div>\n
Blockchain is a recording technology where data is distributed and stored on the network without the need for any authority or center.<\/div>\n<\/p><\/div>\n
\n
Who is Satoshi Nakamoto?<\/div>\n
Satoshi Nakamoto is the name used by the people or groups known as the creator of Bitcoin. As part of this practice, he also designed the first blockchain database, continuing to develop Bitcoin until December 2010.<\/div>\n<\/p><\/div>\n
\n
What is AltCoin (What are Alternative Coins?)<\/div>\n
Altcoin means alternative cryptocurrency to Bitcoin. Altcoin is not a type of cryptocurrency on its own, it is a general name given to non-Bitcoin cryptocurrencies. Cryptocurrencies such as Ethereum, Litecoin, XRP are technically altcoins.<\/div>\n<\/p><\/div>\n
\n
How to Store Cryptocurrency ?<\/div>\n
Cryptocurrency wallets created using blockchain technology use several different methods to store cryptocurrencies. One of them is a hot wallet, where crypto money is stored online.<\/div>\n<\/p><\/div>\n
\n
What is a Hot Wallet?<\/div>\n
Once logged in with the private key in the online environment, the wallet is accessed and transactions are made easily over the internet. Access to the hot wallet is provided by entering a password with a private key on mobile phones and computers with internet access.<\/div>\n<\/p><\/div>\n
\n
What is Cold Wallet?<\/div>\n
While transactions take more time in this wallet, which provides superior security, the risk of hacking the wallet is largely eliminated. Cold wallet without direct internet connection; It is divided into two groups as hardware and paper wallets. Users who do not know the security passwords of the crypto money account cannot operate on this wallet, and the offline operation of the wallet also provides cyber security.<\/div>\n<\/p><\/div>\n
\n
What is Metaverse?<\/div>\n
Metaverse is a kind of new reality universe & dimension where virtual and real can be experienced simultaneously, formed as a result of combining all virtual worlds (MMO games, virtual meetings, etc.) and content on the internet, using Augmented Reality (AR), Virtual Reality (VR) and blockchain technologies.<\/div>\n<\/p><\/div>\n
\n
What is Shit Coin?<\/div>\n
Shitcoins can generally be explained as cryptocurrencies that have no fundamental use and whose price rises or decreases only because of buying and selling. The most famous of these is Dogecoin (DOGE), which even Elon Musk declared to be his \u201cfavorite cryptocurrency\u201d.<\/div>\n<\/p><\/div>\n
\n
What is Scam Coin?<\/div>\n
It is the name given to cryptocurrencies produced, developed and managed by malicious software developers, person or persons, and released for fraudulent purposes.<\/div>\n<\/p><\/div>\n
\n
What is DeFi?<\/div>\n
DeFi is the general name given to decentralized financial transactions consisting of the words decentralized and finance.<\/div>\n<\/p><\/div>\n
\n
What does decentralized mean?<\/div>\n
The decentralization of the blockchain means that it is not directly connected to a central element such as a government, company, individual or organization, and the decision-making and control mechanism is distributed over a network. In this way, no one has authority and control over the network and the transactions of the individuals using the network.<\/div>\n<\/p><\/div>\n
\n
What Does Centralized Mean?<\/div>\n
‘Users’ credentials are available on centralized exchanges and currencies are held in the accounts of the service provider company. Decentralized exchanges do the opposite.<\/div>\n<\/p><\/div>\n
\n
What is Metamask?<\/div>\n
Metamask is a cryptocurrency wallet that enables users to access the Web 3 ecosystem of decentralized applications (dapps).<\/div>\n<\/p><\/div>\n
\n
What is Pre-Sale?<\/div>\n
Pre-selling is a practice performed by some crypto projects ahead of an initial coin offering, in which tokens are sold to interested parties at a certain price.<\/div>\n<\/p><\/div>\n
\n
What is Staking?<\/div>\n
In short, staking is a system based on earning more cryptocurrencies over time on the cryptocurrencies you own, similar to the interest income you get from your time deposit account in a bank.<\/div>\n<\/p><\/div>\n
\n
What Does HODL Mean?<\/div>\n
The term hodl was born with an interesting typo. The word ‘holding’, which means ‘to hold’ in English, was mistyped by a user, and this word began to be used instead of the original. In 2013, when a user wrote ‘I am hodling’ instead of ‘I am holding’ to indicate that he would not sell his Bitcoins in a message he published on the forum, this resulted in the introduction of hodl into our lives.<\/div>\n<\/p><\/div>\n
\n
What is an ICO ?<\/div>\n
ICO is the name given to the public offering system to raise funds for a cryptocurrency (coin).<\/div>\n<\/p><\/div>\n
\n
What Does FOMO Mean?<\/div>\n
FOMO stands for Fear of Missing Out in its long form. This term is used for investors who enter at this price in order not to miss the opportunity to rapidly rising coins.<\/div>\n<\/p><\/div>\n
\n
What are PUMP and DUMP?<\/div>\n
Pump is the name given to the rapid rise in coin prices, and Dump is the name given to the rapid falls.<\/div>\n<\/p><\/div>\n
\n
What Does Whale Mean?<\/div>\n
Whale is the name given to the big players in the crypto money world who have an impact on the rise or fall of a currency.<\/div>\n<\/p><\/div>\n
\n
What is DYOR?<\/div>\n
Do Your Own Research<\/div>\n<\/p><\/div>\n
\n
What Does To The Moon Mean?<\/div>\n
It is used for cryptocurrencies that show a rapid upward performance at a time.<\/div>\n<\/p><\/div>\n
\n
What Does Coin Burn Mean?<\/div>\n
It refers to the rendering of a certain part of the Cryptocurrencies by the project team or the owner of the crypto money. Burned cryptocurrencies cause a decrease in the total number in circulation.<\/div>\n<\/p><\/div>\n
\n
What Does FUD Mean?<\/div>\n
It is an abbreviation of the English words “Fear uncertainty and doubt”. It refers to the state of uneasiness that arises with the fear, uncertainty and doubt that the cryptocurrency price will fall.<\/div>\n<\/p><\/div>\n
\n
What Does Testnet Mean?<\/div>\n
It refers to the alternative and intangible blockchain used by the developers during the testing phase.<\/div>\n<\/p><\/div>\n
\n
What Does Total Supply Mean?<\/div>\n
It refers to the total number of a cryptocurrency traded in the market.<\/div>\n<\/p><\/div>\n
\n
What Does Transaction Fee Mean?<\/div>\n
It refers to the fee given to the miner in exchange for the transaction, which ensures that transactions are carried out reliably and accurately in cryptocurrency transfers.<\/div>\n<\/p><\/div>\n
\n
What is Whitepaper?<\/div>\n
It refers to the document that presents the technical details of the project and the mission and vision they have acquired as a team, together with roadmaps, of a project team in the Cryptocurrency supply.<\/div>\n<\/p><\/div>\n
\n
What Does NFT ?<\/div>\n
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.<\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Frequently Asked Questions You can find the questions you have in mind by looking at the questions and answers prepared before. What is Bitcoin? Bitcoin (BTC) is a decentralized cryptocurrency. All transactions are cryptographically processed and stored in decentralized ledgers. It is an open code; identified by encrypted and anonymous codes. As it uses peer<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-19937","page","type-page","status-publish","hentry"],"yoast_head":"\nFAQ - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/faq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQ - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Frequently Asked Questions You can find the questions you have in mind by looking at the questions and answers prepared before. What is Bitcoin? Bitcoin (BTC) is a decentralized cryptocurrency. All transactions are cryptographically processed and stored in decentralized ledgers. 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