←Stage 49 · Premium
Crypto

What Crypto Actually Is

Before any of this is a trade, it's a thing you own. This stage is about what that thing actually is. There's no certificate and no company behind it. You'll learn what a key is and where your money physically sits. You'll learn what it costs to move, and what a stablecoin is really backed by. Ten lessons, and not one of them asks you to buy anything.

Stage 49 of the TradeWize crypto track: what you own when you own a coin. Keys, supply written in code, confirmations, gas, which chain your money sits on, and stablecoins.

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StartLesson 1 · What You Actually Own
What you’ll leave with10 lessons · 8-line playbook
  • A crypto holding is a key I control, and nobody can restore one for me.
  • I never value a token with a tool built for a business.
  • I read a coin's issuance schedule before I hold it, because it is published.
  • A sent transaction is final. I check the address before I sign, not after.
  • On a small position, the fee to move it is part of the position.
  • Before I withdraw, I match the network on both sides — the ticker is not enough.
  • My cash leg is a credit position. I know what backs the stablecoin I hold.
  • I can say what I own, where it sits and what would take it away — or I do not buy it.

All lessons

  1. 01What You Actually Own
  2. 02No Earnings, No Dividend — Where the Price Comes From
  3. 03Supply Written in Code — Issuance, Caps and Halvings
  4. 04Two Ways a Chain Agrees — Work and Stake
  5. 05Confirmations and Finality — Why the Deposit Takes Twelve Minutes
  6. 06Gas — The Toll You Pay to Move
  7. 07Coins, Tokens and Chains — Where Your Money Physically Sits
  8. 08Stablecoins — The Dollar Leg of Every Crypto Trade
  9. 09The Market That Doesn't Stop
  10. 10What You Now Own — Stage Capstone