Crypto Myths vs. Fact

There are many misconceptions about Crypto. Let’s clarify them!

Myth 1: Crypto and Blockchain are the same thing.

Answer: Blockchain is the technology that powers Crypto.

Blockchain has encryption 🔐 that makes it hard to cheat or hack.

Myth 2: Crypto is a physical coin

Answer: Crypto is a form of digital money that uses encryption.

It is not physical money 🤑

Myth 3: You need to mine to obtain crypto

Answer: Mining ⛏️ is the digital process of creating crypto, but you can buy crypto without personally mining it.

Myth 4: Crypto is a good hedge for market downturns

Answer: Crypto has historically been largely correlated with moves in the stock market, so it has not been a good hedge against stock market downturns

Test your knowledge

How do you obtain crypto?

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T/F: Crypto has no proof of transactions so, it’s scammy

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T/F: Crypto is only for experts

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