What is crypto & how does it work?

Crypto are digital assets —they have no tangible form. Cryptocurrencies exist and operate on a public ledger called a blockchain, which records all crypto transactions. Blockchain encryption is designed to make all transactions immutable and secure from tampering, counterfeit, and other forms of fraudulent transactions.

Can you buy crypto with fiat currency on paraswap?

Furthermore, ParaSwap only provides the option to trade crypto assets; you can’t buy crypto with fiat currency such as euros or U.S. dollars. ParaSwap’s token, PSP, cannot be bought directly with fiat currency. However, you can purchase USDT tokens with fiat money and exchange them for PSP coins.

Is crypto a good investment?

Cryptocurrency was developed as an alternative to the dollar, and its functions can make it an attractive investment. Blockchain, the underlying technology that powers crypto, is seen as a tech disruptor. Much like dot-com investing in the 1990s, crypto may hold promise, but there will likely be winners and losers.

Is cryptocurrency a security?

Whether or not cryptocurrency is a security is a bit of a gray area right now. To back up a little, generally, a "security" in finance is anything that represents a value and can be traded. Stocks are securities because they represent ownership in a public company. Bonds are securities because they represent a debt owed to the bondholder.