What can you do with Crypto Currencies?
Currencies are a way to pay for goods and services. Money in the form of paper and coins is usually issued by a government and generally accepted as a way to pay for things.
Cryptocurrency is a new type of money and is a secure digital currency. This makes it nearly impossible to counterfeit or double-spend.
Crypto coins are completely digital, but just because you can’t touch them, like the US Dollar or Euro, doesn’t mean you can’t use them to buy things. It’s real money. You can trade them for cash whenever you want.
There are many different cryptocurrency coins. Crypto coins do not have a fixed value, meaning they are worth as much as somebody is willing to pay. Think about the coolest pair of sneakers you and all of your friends want to buy. The more people that want them, the higher the price is likely to be, especially if there is a limited amount. This determines their value and makes it increase or decrease with demand.
Most cryptocurrencies are decentralized networks based on blockchain technology. Some of the biggest examples of cryptocurrencies are ethereum and Bitcoin.
Because of the nature of cryptocurrencies, it is a safe and secure way to exchange money on your own terms.