What is a cryptocurrency and how does it work?

Cryptocurrencies are digital assets that rely on an encrypted network to execute, verify, and record transactions, independent of a centralized authority such as a government or bank. Cryptocurrency was developed as an alternative to the dollar, and its functions can make it an attractive investment.

What are crypto tokens?

1 Crypto tokens are a type of cryptocurrency that represents an asset or specific use and resides on their blockchain. 2 Tokens can be used for investment purposes, to store value, or to make purchases. 3 Cryptocurrencies are digital currencies used to facilitate transactions (making and receiving payments) along the blockchain. More items...

How to invest in crypto?

You can purchase crypto through a cryptocurrency exchange or any financial institution that can broker a cryptocurrency transaction. Once you purchase cryptocurrency, you can secure your crypto coins in a digital wallet, online wallet, or hardware wallet. What are the risks of investing in crypto?

What is a crypto coin?

These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form. They are listed with the largest coin by market capitalization first and then in descending order.