What is cryptocurrency and how to invest in it?
Which platform should be used?
Which platform should be used?
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6 Answers
Cryptocurrency is a form of payment that can be exchanged online for goods and other services. Many companies have issued their own currencies, often called as tokens, and these can be traded specifically for the goods or services that the company provides. Think of them as you would of video parlour coins, arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.
Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions.
Cryptocurrencies are digital assets people use as investments and for online purchases. You exchange real currency like dollars to buy coins or tokens of certain kind of cryptocurrency.
Cryptocurrency is exchanged from person to person on the web without a middleman, like bank or government. It is like the wild, wild west of the digital world but there is no marshal to uphold the law. You did not need to go to the bank to make an official transaction. They are decentralized which means no government or bank controls how they are made, what their value is or how they are exchanged.
You store your cryptocurrency in something called a digital wallet usually in app or through the vendor where you purchase your coins.
The most popular place to purchase cryptocurrency are cryptocurrency exchanges. Coinbase, GDAx and Bitfinex allow you purchase currencies like Bitcoin and Ethereum with a debit card.
Cryptocurrency is exchanged from person to person on the web without a middleman, like bank or government. It is like the wild, wild west of the digital world but there is no marshal to uphold the law. You did not need to go to the bank to make an official transaction. They are decentralized which means no government or bank controls how they are made, what their value is or how they are exchanged.
You store your cryptocurrency in something called a digital wallet usually in app or through the vendor where you purchase your coins.
The most popular place to purchase cryptocurrency are cryptocurrency exchanges. Coinbase, GDAx and Bitfinex allow you purchase currencies like Bitcoin and Ethereum with a debit card.
A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.
Cryptocurrency is a type of digital currency that uses a skin in code system to find new buyers and also buy goods and services. It has been used for everything from selling one's services to buying goods and services. There are several platforms that allow you to buy things with cryptocurrency, but the most popular one is the app called Coinbase.