Course

Markets, Risk & Participation

How buying and selling crypto works, from exchanges and order types to volatility, risk and responsible participation.

Beginner2 units · 7 lessons~12 min

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A CEX is a company that custodies your funds and matches orders (usually requires KYC); a DEX lets you trade from your own wallet via smart contracts.
Order types: market (immediate), limit (set price), stop-loss (auto-sell at a floor).
Liquidity = ease of trading without moving the price; slippage = gap between expected and executed price.
“Not your keys, not your coins” — funds left on an exchange are an unsecured creditor claim if it fails.
For organizations, choosing a venue is vendor due diligence: regulatory status, custody/qualified custodian, audits, insurance, segregation, counterparty risk.

Crypto is among the most volatile asset classes — cycles of hype and crash are the norm.
Personal risk management: position sizing (only what you can lose), DCA (fixed amounts on a schedule), avoid leverage, diversify, keep records for taxes.
Organizational risk management: custody policy, segregation of duties, counterparty/vendor due diligence, limits/thresholds, audit-grade records, valuation/impairment, insurance/continuity.
FOMO and FUD drive behavior near tops and bottoms — recognizing them in yourself is more valuable than chart patterns.
Nothing here is financial advice; tax rules vary by jurisdiction — consult a qualified professional.