Cryptocurrency Q&A
What are digital assets & cryptocurrencies?
What are digital assets & cryptocurrencies?
KpopHarmony
Wed Dec 11 2024
|
5 answers
1113
I'm trying to understand what digital assets and cryptocurrencies are. I've heard a lot about them but I'm not quite sure how they work or what makes them different from traditional assets and currencies.
5 answers
KimonoElegantGlitter
Fri Dec 13 2024
In a DeFi system, there is no need for intermediaries like banks or other centralized financial institutions. This allows for greater efficiency and reduced transaction costs.
Was this helpful?
229
49
EchoSeeker
Fri Dec 13 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services to investors. Its platform supports various trading options, catering to different levels of experience and investment goals.
Was this helpful?
257
20
EnchantedNebula
Fri Dec 13 2024
BTCC's services include spot trading, which allows investors to buy and sell cryptocurrencies at current market prices. Additionally, it offers futures trading, providing investors with the opportunity to speculate on future price movements.
Was this helpful?
348
80
GinsengBoostPowerBoost
Fri Dec 13 2024
Digital assets, especially cryptocurrencies, encompass a wide range of terminology that may be unfamiliar to novice investors. Understanding these terms is crucial for navigating the market.
Was this helpful?
205
27
Martino
Fri Dec 13 2024
One such term is Decentralized Finance (DeFi). This represents a financial system powered by blockchain technology, which facilitates transactions directly between buyers and sellers.
Was this helpful?
74
61
Related questions
- Is crypto legal in Thailand?｜It is possible to buy crypto in Thailand. The authorities approved Bitcoin, Ethereum, Ripple and Stellar as cryptocurrencies that can be traded in Thailand. . They are described as digital assets, which can be issued, traded and exchanged.As of March 2022, cryptocurrencies are no longer legal tender in Thailand
- What is the Crypto and digital assets summit?
- What are crypto-native assets?
