Lesson 4

Cryptocurrency Transactions

Lecturer
Max Krupyshev

Max is the CEO of CoinsPaid. His journey in crypto began in 2013 when he co-founded the Bitcoin Foundation in Ukraine, pioneering efforts to promote cryptocurrency adoption in the country. Max has experience in various blockchain projects, including mining, payment processing, and wallet development. He served as the Product Owner at CEX.IO, a global cryptocurrency ecosystem, before becoming the CEO of CoinsPaid in 2019. Max has won several recent industry awards, including ā€œPayTech Leadership – Founderā€ at the PayTech Awards and ā€œBest Visionary CEO in Crypto Paymentsā€ by Global Brands Magazine.

Duration
14 min 57 sec

In this lesson, we break down the entire crypto transaction flow, including the roles of wallets, public and private keys, digital signatures, and network verification.

We’ll also cover different wallet types – hot, cold, and business wallets – and how they support secure storage and operational needs. You’ll learn about blockchain fees, how they’re calculated, and why they matter for businesses. Finally, we’ll touch on crypto payment gateways – the next level of automating and managing crypto payments.