What Are Crypto Communities & How To Become a Part of it

What does the crypto community mean? 

A crypto community is a group of individuals who are all about crypto, DeFi projects, and blockchain. It can be said to be a campfire gathering where you can freely discuss cryptos, layer-2 projects, or your favorite NFT collection with like-minded people.

But what’s the importance of crypto communities? 

The traditional financial system has all things in control of centralized authorities and financial institutions; users have no say in the workings or rules of the system itself. The decentralized nature of blockchains gives those rights back to users- making them the ones to decide a course of action. For this, we need something to unite or hold all interested individuals and contributors to projects, which is why the crypto communities are here.

Crypto communities exist in multiple forms- online discussion forums, chat rooms, discord channels, Subreddits, Twitter communities, and other social platforms. For example, the Ethereum blockchain has a community dedicated to its network users, developers, and investors, where they can chat on various subjects, project’s future roadmap, or contribute to the network itself.

How do crypto communities work? 

Cryptos can be intricate, and the crypto communities make a cool space for anyone into crypto stuff. The main ideology is to create a safe and welcoming place for all those curious minds and crypto enthusiasts out there, but not limited to hanging out. These communities make hubs of learning and teamwork, where people can share experiences and learnings, and start-ups can freely seek out investors. 

Crypto communities are kicked off by “community owners” who set things up, run them, and have full access to everything within the community. Community managers take charge of different parts of the community, like moderators and Shillers. Moderators ensure the convo stays within community guidelines and draw out spammers. Shillers are responsible for keeping the vibe alive of the community; they do so by promoting cryptos, organizing giveaways, shouting out to active members, and sharing new information. 

You should watch out for its guidelines before joining crypto communities. Most communities provide clear and defined rules- not strict ones, so all members can enjoy the essence of community without any conflict.

Read On: Top Most Searched Cryptos Worldwide

Benefits of joining crypto community 

1. Market Insights: Joining a crypto community will give you a hangout place with similar people and keep you updated on project development. Most crypto communities share new trends, advancements, products, etc., to help you stay ahead and take action on time.
2. Learnings: These communities are made of crypto newbies, investors, traders, developers, marketers, and others. So, if you ever get stuck on a topic, you’ll have experts available to make things easier for you.
3. Networking: They allow you to connect with industry experts, well-known investors, and developers. This can help you hold partnerships, collaborate, or build a project from scratch.
4. Technical Support: Crypto communities have a specific room for beginners or even advanced users if they encounter bugs or face any issues. Community members also share tips, and cheat sheets to help each other navigate such issues.
5. Exclusive Perks: Some crypto communities share exclusive access to events, offers, giveaways, discounts, and even free access to products to keep members engaged. 

Risks in crypto communities 

As the saying goes, nothing comes without trade-offs, crypto communities also have their own risks that you should know about. 

Firstly, crypto communities are typically open to everyone, that means with genuine crypto enthusiasts, scammers, and bots can also join the channel. These scammers can directly message you, impersonating a contributor like a community. They often offer you benefits and share links that can potentially risk your private information or wallet private keys, scamming you out of funds. 

There are other communities as well that might seem promising at first glance, but they are hidden rug pulls. Simply, community members will create hype around the project and its future to pull out investors’ money. So, one should always research thoroughly and watch out for all traps and facts to make informed decisions while investing.

How to Join a Crypto Community? 

Once you’ve decided on a crypto project community you want to check out, you can join them via links on the project’s official sources. Here are a few platforms where you can interact with crypto communities:

• Twitter: This place is the first stop for projects to share any relevant news and information. You can participate in ongoing conversation threads and openly share your ideas with others.
• Telegram: You can search specific terms, coins, and projects on Telegram to explore public communities. Here, you will have to look out for whether the community is actually genuine and not a scam.
• Discord: This is the ultimate platform for crypto communities, here, you’ll have dedicated rooms for every topic like technicals, marketers, etc, voice channels, and more. You can join discord communities through invite links available on the project website.
• Reddit: You can find almost every topic relating to crypto on this platform, from beginners to advanced, and it’s also a place where meme coins are born. You can follow up on specific subreddits or tags to keep up with the latest news and developments.

Top Crypto Communities in 2023 

• DeFi Million: It’s one of the well-known telegram communities among crypto traders, where you can discuss specific crypto assets and receive free trade signals. Another thing this community is known for is the pump and dump game, where investors buy tokens in bulk, rocketing the price and selling it together for profit.
• ICO speaks: If you’re looking for a place to discuss tokens, coins, upcoming coin offerings, airdrops, and token sales- then this group is best for all needs. ICO speaks also features marketing services for new tokens to gain exposure in the market.
• Crypto hub: This group is a go-to place for beginners where they can start to explore more of the crypto space. It features comprehensive guides and theme channels on subjects like how to start trading, best wallets, new Ethereum projects, and more. 
• Bitcoin Beginners: This forum has over thousands of members, and it’s specifically about Bitcoin. It’s a nice group to gain insights and data on Bitcoin and get guidance on how to begin in the crypto industry.
• Bitinning: Launched by popular Indian web3 educator Kashif Raza, this group is a wealth of web3 learning and educational resources. Here, you will receive updates on podcasts and interviews conducted by Kashif.

Read More: Top Web3 Tokens in 2023

Conclusion 

In conclusion, crypto communities are a great way to keep tabs on the latest crypto market insights, data, developments, and projects. You can share experiences and learn from other like-minded people’s mistakes. They are an excellent place to educate yourself, pursue financial goals, or even kick-start business if you’ve got a plan.