Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. Bitcoin, for example, can be used to purchase items on Overstock.com and Virgin Galactic.
Cryptocurrencies can also be invested in. The value of a cryptocurrency can rise or fall depending on supply and demand. Bitcoin, for example, has seen its value rise over the years.
Those interested in trading cryptocurrencies should do their own research and be aware of the risks involved. Cryptocurrencies are volatile and can experience large price swings.
Bitcoin, Ethereum, Cryptocurrency: How to Make Money Trading
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