What is crypto & why should you invest in it?

Here’s the short answer: Cryptocurrency is a form of digital currency that you can use to pay for things online. You can also invest in crypto in a portfolio. It goes by different names, including Bitcoin, Ethereum and yes, Dogecoin.

How do I buy 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 Ripple cryptocurrency?

This currency is most similar to bitcoin but has moved more quickly to develop new innovations, including faster payments and processes to allow more transactions. Ripple is a distributed ledger system that was founded in 2012. Ripple can be used to track different kinds of transactions, not just cryptocurrency.

What are crypto coins & tokens?

Cryptocurrencies can be classified as coins or tokens, based on how they work: A crypto coin is native to a particular blockchain and defined by the network protocol. A crypto token is built on a specific blockchain but defined by a project or contract. If that sounds too technical, here’s a simpler explanation.