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Every transfer goes through the same three steps, whatever the coin. Scroll to follow one from your wallet to the chain.
Your wallet uses your private key to sign the transaction. The signature proves the coins are yours without ever revealing the key, which is why your seed phrase must never leave your hands.
Hot vs cold wallets comparedThe signed transaction joins a public waiting room of pending transfers. The fee you attach decides how quickly it gets picked up, which is the problem Layer 2 networks were built to solve.
How Layer 2 cuts feesA validator (or miner) packs it into a new block and links that block to the chain. Every block added after it makes the transfer harder to reverse.
More blockchain basicsNew to crypto? Start with Beginner and work through in order. Each guide assumes you’ve read the ones before it.
Set up a wallet and keep it safe
Move between chains and markets
Put crypto to work and understand the risks
Crypto Guides Bridging to Avalanche means moving your crypto from Ethereum (or another chain) onto the Avalanche C-Chain, a fast, low-fee, EVM-compatible network. Avalanche lets you swap,…
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PancakeSwap is the largest decentralized exchange (DEX) on BNB Chain and one of the…
Solana is a high-performance, layer-1 blockchain designed to process transactions quickly and cheaply, making…
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Crypto Guides No. Shironeko explains how crypto works so you can make your own decisions. Nothing here recommends buying or selling any asset, and crypto prices can fall to zero. Read our full disclaimer.
For long-term holdings, a hardware (cold) wallet with the seed phrase written down offline is the most widely recommended setup. Our wallet guide compares the options.
A Layer 1 is a base blockchain such as Ethereum. A Layer 2 runs transactions off the main chain and posts compressed results back to it, which makes them cheaper and faster. See Layer 2 crypto explained.
Guaranteed returns, pressure to act fast, requests for your seed phrase and “support staff” who message you first are the most common signs. Our list of the biggest crypto scams shows how each one worked.
