// learn · Asset classes
Crypto, explained simply
Crypto is a new asset class with its own rules, not just "volatile stocks". Get the mental model right and the rest gets easier.
How it differs from stocks
- No company behind most of it. A share is ownership of a business with cash flows; many tokens are closer to a network's fuel or a bet on adoption. Value them differently.
- You can self-custody. "Not your keys, not your coins." You can hold assets yourself in a wallet, real freedom, and real responsibility (lose the keys, lose the coins).
- It never closes. 24/7 markets, higher volatility, thinner weekend liquidity. Moves that would take a stock a year can happen in a day.
Coins vs tokens
A coin is the native asset of its own blockchain (BTC, ETH). A token is built on top of an existing chain (most of what you see). Tokens are easy to create, which is why most new listings are risky. Always check the contract.
Starting without getting wrecked
- Use a reputable exchange to start; understand custody before self-custodying.
- Size tiny on anything new, new tokens can rug within hours.
- Learn the security basics first: our smart-contract safety guide points to the best free course.
Educational market information, not financial advice. Markets carry risk of loss, do your own research.