What is cryptocurrency & how does it work?

Cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services or traded for a profit. Bitcoin is the most widely used cryptocurrency. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page.

How to buy cryptocurrencies online?

After you get yourself a crypto wallet, you’re ready to go crypto shopping, and one of the best destinations is a cryptocurrency exchange. These online web services are where you can transfer your traditional money to buy cryptocurrencies, exchange different types of cryptocurrencies, or even store your cryptocurrencies.

What are the different types of cryptocurrencies?

Different types of cryptocurrencies can be classified into the following two groups: Coins are designed to be used as a kind of currency and are created on their own blockchain. For example, Ether is a cryptocurrency based on the Ethereum blockchain. “Altcoin” refers to any blockchain-based cryptocurrency that isn’t Bitcoin.