Explain cryptocurrency to parents

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For instance, many children are own it for investment purposes with that often comes greater.

what is api key crypto

LIGHTNING SESSION: What is \
Start with the history, letting kids research and explain it back to you. Technically, kids can own cryptocurrency; there is no legal age. A special recommendation is to not explain cryptocurrency to your mom in front of your dad. Believe me, the discussion will never go smoothly. Also, tell them that a private key is like a password that allows you to access your funds. Once they understand these two terms, you can move on to explaining how the system works.

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Because crypto typically moves independently from other asset classes like stocks and bonds, it can be useful for diversification. These wild swings create risk. Get started. Get Started. By building a diverse portfolio, you can potentially increase your long-term returns while also potentially reducing volatility along the way.