Cryptolorium Logo

Crypto Guides

How-to guides for everything relating to crypto
Learn about different topics related to the world of cryptos. We have put together a number of easy-to-understand crypto how-to guides for you.
(Page last updated: 12th of February 2022)

Crypto how-to guides for beginners

If you are just getting started with cryptos, the new world might look pretty confusing and even the most simple things might look complicated at first.

That's why I have decided to put together a set of how-to articles, a set of crypto how-to guides that will hopefully help you to understand a few things better.

I will do my best to add to the amount of crypto guides you can find on this page whenever I find a topic crypto newbies might appreciate.

What are the crypto guides about

I have tried to make the guides as simple to understand as possible. But as the guides do not relate any specific cryptocurrency exchange, you do need to keep in mind that we are mainly talking about the crypto basics and how things work across all exchanges.

Instead of approaching the big crypto topics like crypto trading or crypto mining in general, I have tried to approach it all with mini-topics instead.

The topics you can find here are anywhere from creating accounts to identity verification. There are also guides about trading crypto with leverage, withdrawing money from crypto exchange, identifying the best altcoins to buy and much more.

It all began with Bitcoin

But before you head over to read Cryptolorium's crypto guides, you should understand how it all started.

Bitcoin (BTC) was created from the ashes of the global financial crises in 2007-2008. It was created by a person or group of people hiding behind the name Satoshi Nakamoto.

On Oct. 31, 2008 Nakamoto sent a paper outlining his vision of “electronic cash” called bitcoin to a group of cryptographers. Most of them remained skeptical about it.

Bitcoin network launched Jan. 9, 2009 and the first ever Bitcoin transaction was sent by Nakamoto to one of the cryptographers, Hal Finney.

In 2010 Satoshi Nakamoto stopped posting publicly and the project leadership was passed on to a software developer named Gavin Andresen.

To this day nobody knows who Satoshi Nakamoto is.

There have been claims by a few people, but nobody has actually managed to prove anything and most claims have been dismissed as sad tries to steal the fame it would come with it.

Bitcoin price history

In 2011 Bitcoin was worth exactly $1. Just a year earlier, in 2010 it was worth 1/100th of that, around 0.01$.

 

Price
Nov 2013
$350–$1,242
Apr 2014
$340–$530
May 2017
$2,000
September 2017
$5,013
November 2017
$7,600-8,100
December 2017
$19,783
February 2018
$6,200
December 2018
$3,300
July 2020
$10,944
November 2020
$19,850
January 2021
$41,973
April 2021
$64,800
May 2021
$30,000
October 2021
$66,974
January 2022
$35,000

Crypto world today

It all started with just on cryptocurrency, but now, a bit more than ten years later, there are thousands of cryptos around.

Some of them are good and have serious potential, some of them are just desperate attempts just to make some money for the creators.

Cryptolorium will try to help you understand which is which.


Jay Gory image
Author: Jay Gory
I became interested in cryptocurrencies only a bit more than a year ago. Since then I have been in investing in cryptos using different crypto exchanges, playing around with crypto trading bots, and also launched Cryptolorium.com to share my crypto journey and my results with all crypto traders.
More in Crypto Guides
How to create an account in a cryptocurrency exchange?
How to create an account in a cryptocurrency exchange?
Before you can start buying cryptos, you need to create an account in your chosen cryptocurrency exchange. What should you be aware of when creating exchange account and how to create exchange account?
 Identity verification in crypto exchanges: How and why?
Identity verification in crypto exchanges: How and why?
Most cryptocurrency exchanges and crypto trading platforms require you to verify your account at one point or another and ask you to go through their KYC process.
Beginners guide to leverage trading - trade with more money
Beginners guide to leverage trading - trade with more money
Leverage trading makes it possible to trade with more money than you actually have. It doesn't come without risks, however, and there are a number of thinks you should be aware of.
How to withdraw cryptocurrency from any crypto exchange?
How to withdraw cryptocurrency from any crypto exchange?
Withdrawing cryptocurrencies from a crypto exchange is quite straightforward process, but there are a few things you should keep in mind.
How to withdraw money from an exchange to your bank account?
How to withdraw money from an exchange to your bank account?
What should you know about withdrawing fiat money from a crypto exchange? Let's look at how to withdraw money and what to look out for.
Crypto exchange fees: How much have you paid in total?
Crypto exchange fees: How much have you paid in total?
Whenever you make a deposit, withdrawal, or trade in a crypto exchange, there are fees involved. While it's usually simple to see how much one or another transaction costs, but how to find out how much fees you have paid in total?
How to find the maximum potential of any altcoin
How to find the maximum potential of any altcoin
The less known altcoins we buy, the more we hope that the price will go up gazillion times and our expectations can be very optimistic. However, sometimes your expectations can be 100% unrealistic without you even knowing it.
How to identify altcoins with massive potential
How to identify altcoins with massive potential
There are thousands of altcoins that anyone can buy. But how to know which ones have the most potential? How to identify the best of the best coins?