Cryptocurrency

What is Cryptocurrency?

Cryptocurrency is a collection of binary data which is designed to work as a medium of exchange.

Who invented Cryptocurrency?

The cryptocurrency was invented by Satoshi Nakamoto in 2009.

The basics of cryptocurrency?

Cryptocurrency comes under many names. You have probably read about some of the most popular types of cryptocurrencies such as Bitcoin, Litecoin, and Ethereum. Cryptocurrencies are increasingly popular alternatives for online payments. Before converting real dollars, euros, pounds, or other traditional currencies into ₿ (the symbol for Bitcoin, the most popular cryptocurrency), you should understand what cryptocurrencies are, what the risks are in using cryptocurrencies, and how to protect your investment.

What is cryptocurrency? A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. To use cryptocurrencies, you need a cryptocurrency wallet. These wallets can be software that is a cloud-based service or is stored on your computer or on your mobile device. The wallets are the tool through which you store your encryption keys that confirm your identity and link to your cryptocurrency.

What are the risks of using cryptocurrency? Cryptocurrencies are still relatively new, and the market for these digital currencies is very volatile. Since cryptocurrencies don't need banks or any other third party to regulate them; they tend to be uninsured and are hard to convert into a form of tangible currency (such as US dollars or euros.) In addition, since cryptocurrencies are technology-based intangible assets, they can be hacked like any other intangible technology asset. Finally, since you store your cryptocurrencies in a digital wallet, if you lose your wallet (or access to it or to wallet backups), you have lost your entire cryptocurrency investment.

Types of cryptocurrency?

When we think of cryptocurrency bitcoin is often the most popular that comes to mind but there are many other forms such as :

Ethereum (ETH)

Litecoin (LTC)

Cardano (ADA)

Polkadot (DOT)

Bitcoin Cash (BCH)

Stellar (XLM)

Dogecoin (DOGE)

Binance Coin (BNB)

Tether (USDT)

Monero (XMR)

Outside of Bitcoin, these amazing forms of crypto all have something amazing and unique to offer! They can also make great investments for those who love to invest in crypto.

How to invest in cryptocurrency?

Over the years many companies have come about and made investing in crypto a lot easier than it was in the past. Some of these companies are:

Coinbase ~ https://www.coinbase.com/partner/cryptocurrency?utm_source=google_search_nb&utm_medium=cpc&utm_campaign=1720998609&utm_content=116258944032&utm_term=how%20to%20invest%20in%20cryptocurrency&utm_creative=557110177637&cb_device=c&cb_placement=&cb_country=us&cb_city=open&cb_language=en_us&gclid=CjwKCAiAqIKNBhAIEiwAu_ZLDrpmJnFrnj2oRA3EC4L8m4Jwmg-AIv8J1teV3dwLLoMo1i9K1F-7jxoCT8IQAvD_BwE

Cash App ( Square Cash ) ~ https://cash.app/

Gemini ~ https://exchange.gemini.com/register?utm_source=google&utm_campaign=USA_Search_Prospecting_Exchange_Bitcoin_Tier1_PM&utm_medium=cpc&utm_content=127593888683&utm_term=bit%20coun&gclid=CjwKCAiAqIKNBhAIEiwAu_ZLDkGkx0wTVZF4u-YOWTqCr94VX33ov7m0_6sn3gBkwz15aSb2oC0fHhoCsGoQAvD_BwE

Etoro ~ https://www.etoro.com/en-us/?gclid=CjwKCAiAqIKNBhAIEiwAu_ZLDoOx6ncVJWL3t2mscuN7tsweC9sSbaYCRtD8K9upaNB4ELuHAaFlXBoC2C4QAvD_BwE

Benefits of investing in cryptocurrency?

The world around us is constantly changing! Every day now more and more people are starting to invest in crypto and enjoying the benefits that come along with it. We've all heard the stories of people buying a few bitcoin and coming back years later to discover that they are now millionaires. For most, it is also very easy to get started with a minimum of $1-$5. It has also proven to be a great source of passive income with hundreds and thousands of individuals making it a full-time source of revenue!

~ Ironesha Johnson (: