Have you ever heard of Cryptocurrency? Definitely yes, crypto becomes the hottest buzzword these days in terms of investing, but probably you are still wondering what is it exactly. However, you do not need to worry, because it will be discussed and explained in detail below.

What Is Cryptocurrency?

Cryptocurrency is a technically decentralized digital asset purposed to be used over the world through the internet connection. It is a kind of digital asset or digital money that can be used securely for any online transaction. The word comes from “cryptography” which means art writing and code solving.

People also know it as a crypto coin or are often mentioned as crypto. It does not have regulatory authority because all transaction records are decentralized by the system. Do you think it is safe to use crypto coins? As we know that investing your money in crypto is risky, however, it is also potentially extremely profitable.

It uses encryption to authenticate and protect online transactions, so it is a very safe system. The purpose of encryption is to make a super secure and safe system. A crypto coin is saved in a digital wallet, so you can not physically touch the money or coin.

Will Cryptocurrency Be The Future Of Finance?

Here, are some reasons why cryptocurrency can be your financial system in the future?

How Does It Work?

How do you store your Cryptocurrency? A digital wallet is used to store your crypto coins, you can have it by just downloading an app or through the vendor where you purchase your coins. Then how Cryptocurrency works?

What Is The Highest Crypto Coin?

There are over a thousand crypto coins that exist recently. Have you ever heard of Bitcoin, Ethereum, Dogecoin, or Litecoin? They are the type of crypto coin which are trending everywhere over the world. Let’s talk about the three top coins recently used by people in the world.

Recently 1 BTC value was USD 29,629, but keep in mind, that all crypto coins will change value every second. BTC’s market cap reaches USD 565 billion. Bitcoin becomes the most general reference when people talk and discuss crypto.

Where You Buy Crypto Coins

There are many exchanges to buy, sell, invest, and trade crypto coins. Here, you may refer to these applications that you can download from your devices:

Coinbase is the best exchange overall for the beginner.

Crypto.com is the best mobile crypto exchange and is easily accessed from a smartphone.

Gemini is the best security crypto exchange.

Kraken is the best low-fee exchange for trading.

CashApp is the best for buying and selling Bitcoin.

Bisq is the best-decentralized exchange.

There are still many applications for the trading cryptocurrency you can find and download easily.

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