Are you curious to know the basics about cryptocurrency? You’ve come to the right place!
We’ll explore how cryptocurrency works, its benefits, risks, and the key players in the market.
Digital innovations are changing every part of our lives, but cryptocurrency stands out as a genuinely new force changing how money and technology work.
The past and development of cryptocurrency are captivating stories, from its mysterious beginnings by an unknown person to its rapid growth and widespread use.
According to Statista, The Cryptocurrencies market in the United States is projected to grow by 9.10% (2024-2028) resulting in a market volume of US$32.9bn in 2028
This guide for beginners will uncover the origins of digital currency, its mechanics, and its profound impact on the global economy.
This comprehensive exploration of cryptocurrency is certain to demystify the digital currency phenomenon and kindle your interest in its potential to shape a brighter future.
Whether you’re a curious newcomer or a burgeoning enthusiast, this is your chance to learn more about this cutting-edge technology and understand why cryptocurrency is not just a passing trend—it’s a beacon of hope for a significant financial change.
Cryptocurrency is a digital or virtual form of money that uses cryptography to protect deals, track how many new units are made, and ensure that assets are transferred correctly.
Cryptocurrencies work on decentralized networks based on blockchain technology, while governments and central banks release traditional currencies.
The fact that a single group does not control the currency makes it immune to scam and censorship.
Different people use cryptocurrencies for different things, from everyday shopping to investing.
Because they are new and different, and because blockchain technology makes them safe and clear, cryptocurrencies are a huge step forward in the world of banking.
How Does Cryptocurrency Work?
Blockchain is the technology that makes cryptocurrency work. It is a decentralized ledger that keeps track of all activities across a network of computers.
When someone starts a transaction, it is sent out to the network so that miners or validators can make sure it is real.
As part of the verification process, you have to solve difficult math questions to make sure the transaction is real and stop people from spending money twice.
After it has been checked, the transaction is added to a block, which is then tied to the blocks that came before it, making a chain.
This chain of blocks that can’t be changed, called blockchain, ensures everything is open and safe. Using cryptography to protect the data makes it almost impossible to change events that have already happened.
Cryptocurrencies allow people to send and receive money without going through banks or other middlemen.
This decentralized, open, and safe process has changed the way we think about and use money.
Understanding Blockchain Technology
What is Blockchain?
Blockchain is a decentralized digital ledger that keeps track of events across a network of computers in a way that is safe, clear, and can’t be changed.
Each deal is put together in a “block,” and these blocks are joined together in order to make a “chain.”
A network of nodes, or computers, each with an exact copy of the record, keeps this chain of blocks up to date. This is where the word “blockchain” comes from. When a transaction happens, it is sent out to the network.
The people in the network then use a consensus method to make sure the transaction is valid.
After being checked, the transaction is put to a new block, which is then linked to the main chain. Because the network is spread out, this structure makes it very hard for one person to change the information.
To do so, they would have to change every block in the chain, which is nearly impossible.
How Blockchain Powers Cryptocurrencies
Bitcoin and other cryptocurrencies depend on blockchain technology to work safely and without a controlling authority.
For cryptocurrencies, blockchain is the public ledger that keeps track of all the events that happen with the cryptocurrency.
In Proof of Work systems, people on the network are called miners, and in Proof of Stake systems, they are called validators.
These people answer hard cryptographic puzzles to make sure transactions are real and add them to the blockchain. This stops problems like double spending.
This process not only keeps the network safe, but it also makes a record of all activities that can’t be changed.
Furthermore, because blockchain is decentralized, there is no one organization that controls the cryptocurrency. This makes it immune to censorship and manipulation by a central authority.
Cryptocurrencies get a high level of security, trust, and openness by using blockchain technology.
All of these things are necessary for a lot of people to use and accept cryptocurrencies.
Key Cryptocurrencies in the Market
Bitcoin (BTC)
The first and best-known cryptocurrency was Bitcoin, which was made in 2009 by an unknown person or group called Satoshi Nakamoto.
It came up with the new idea of a decentralized digital currency that works on a peer-to-peer network, meaning that there are no middlemen like banks.
The blockchain technology behind Bitcoin makes sure that all transactions are safe and clear. This makes it a popular choice for both investing and using as money.
Bitcoin is often called “digital gold,” and there will only ever be 21 million coins made. This limit has helped it become valuable and widely used as a way to protect against inflation and keep value.
Ethereum (ETH)
Vitalik Buterin started Ethereum in 2015, but it’s a lot more than just a coin. It’s a decentralized platform that lets developers make smart contracts and decentralized apps (dApps) and use them.
The coin Ether (ETH), which is built into the Ethereum network, is used to power these apps and pay for transaction fees and computer services.
Because Ethereum is so flexible, it has become the basis for many blockchain projects, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
Ethereum is a big player in the coin market because it is always coming up with new ideas and improving itself.
Ripple (XRP)
Ripple, which Ripple Labs made, is a digital payment protocol and cryptocurrency that makes international transfers quick and cheap.
Ripple is not based on a blockchain like Bitcoin and Ethereum. Instead, it uses a consensus ledger and a network of computers that check that the ledger is correct.
In these deals, XRP, the Ripple network’s native cryptocurrency, works as a bridge currency. This lets banks send money to each other with little to no fees and delay.
Ripple’s partnerships with big banks and other financial institutions show how it could change the way banks work by making foreign payments faster and easier.
Other Major Cryptocurrencies
Aside from Bitcoin, Ethereum, and Ripple, there are many other important coins that have made a name for themselves in the market.
People often compare Litecoin (LTC), which was created by Charlie Lee, to Bitcoin. Litecoin has faster transaction times and a different hashing method.
Cardano (ADA) is working on making a safe and expandable platform for building decentralized apps (dApps) and smart contracts, with a focus on peer-reviewed academic research.
Binance Coin (BNB) was first released as a utility token for the Binance cryptocurrency exchange. Since then, it has grown its uses to include lowering transaction fees, taking part in token sales, and more.
Some other well-known cryptocurrencies are Polkadot (DOT), Chainlink (LINK), and Stellar (XLM).
Each has its own features and innovations that make the cryptocurrency market more varied and ever-changing.
Benefits of Cryptocurrency
Decentralization and Security
One of the best things about cryptocurrency is that it is decentralized. This means that it works on a peer-to-peer network and doesn’t need any central powers like governments or banks.
This division makes things safer by lowering the chance of a single point of failure. Cryptocurrencies use complex cryptography to protect deals and keep track of how many new units are made.
This makes them very hard to hack or fraud. Participants in the network use consensus methods to check each transaction.
This makes sure that the data is correct and can’t be changed. Users can be more sure that their financial transactions are safe with this strong security system.
Transparency and Anonymity
The blockchain is a public log that keeps track of all cryptocurrency transactions. This makes sure that all transactions are very clear.
The fact that anyone can see a cryptocurrency address’s transaction history builds trust and responsibility.
Even though cryptocurrencies are open, they also provide some privacy. Details of the transactions can be seen, but the names are not directly linked to the people who took part.
This fake name keeps users’ information safe while still making the transaction process clear.
Cryptocurrencies are appealing to people who want both privacy and openness in their financial dealings because they strike a good mix between the two.
Global Accessibility and Financial Inclusion
Cryptocurrencies make the digital economy accessible to everyone in the world, as long as they have an internet link.
This openness is especially helpful for people who live in developing countries or other places where standard banking services are hard to get to.
Cryptocurrencies let people trade and receive money quickly and cheaply across borders, instead of using traditional banking systems, which can be slow and cost a lot.
This financial inclusion gives people who don’t have bank accounts or don’t have enough money in their accounts new ways to get involved in the economy and help it grow.
Bitcoin and other cryptocurrencies help make the global economy more open and linked by connecting different financial systems.
Risks and Challenges of Cryptocurrency
Volatility and Price Fluctuations
The fact that cryptocurrency prices change so quickly is one of the biggest risks that come with them. Cryptocurrencies’ prices can change a lot in a short amount of time, while the values of traditional currencies tend to stay pretty fixed.
Many things, such as market speculation, news about regulations, new technologies, and big-picture economic trends cause this instability.
For buyers, this means that there is a chance of making a lot of money, but there is also a chance of losing a lot of money.
Because cryptocurrency prices change all the time, it can be hard for people to use them for daily transactions or as a safe way to store value.
Regulatory Issues and Legal Concerns
The laws that govern cryptocurrencies are always changing, and they are very different from one place to another.
Governments and regulatory bodies are still figuring out how to classify and control digital assets.
This makes the cryptocurrency space unclear and could lead to legal problems for businesses and users.
Problems like following the rules for know-your-customer (KYC) and anti-money laundering (AML), paying taxes, and making sure that initial coin offerings (ICOs) and other ways of collecting money are legal can be big problems.
Uncertainty about regulations can make it harder for people to use cryptocurrency and incorporate them into regular financial systems, which could slow down growth and innovation.
Security Risks and Hacking Incidents
Even though blockchain technology has strong security built in, security risks and hacking events can still happen in the cryptocurrency ecosystem.
Because they are so valuable, cybercriminals love to go after cryptocurrency exchanges, wallets, and other sites.
Hacks and security holes that got a lot of attention have cost millions of dollars in digital assets, which makes people less confident in the ecosystem’s security.
Users are also at risk of having their private keys and money stolen through phishing attempts, malware, and social engineering scams.
To lower these risks, users and platforms must follow strict security measures and always be on the lookout for new threats.
How to Buy Cryptocurrency
Choosing a Cryptocurrency Exchange
Choosing a safe and trusted cryptocurrency exchange is the first thing you need to do to buy cryptocurrency. You can buy, sell, and trade different coins on these sites.
When picking an exchange, you should think about things like fees, security features, the number of coins it supports, and user reviews.
Exchanges like Coinbase, Binance, and Kraken are very popular because they have strong protection, easy-to-use interfaces, and a large selection of digital assets.
Also, it’s important to make sure that the exchange follows the rules set by regulators and has a good name for protecting customer funds.
Creating a Wallet
The next step is to make a coin wallet after choosing an exchange. There are different kinds of wallets, such as mobile wallets, hardware wallets, and online wallets (also called “hot” wallets).
Online wallets are easy to use for frequent trades and are often connected to exchanges. Hardware wallets, on the other hand, keep your private keys offline, which makes them safer for long-term storage.
Mobile wallets are a good way for people who need to access their money while they’re on the go to balance ease of use and safety.
Pick a wallet that fits your needs, and then follow the setup steps to keep your private keys safe and make a copy of your recovery terms.
Making Your First Purchase
After setting up your wallet, you can buy something with cryptocurrency for the first time. Start by adding real money to your exchange account.
You can do this through bank transfers, credit/debit cards, or other ways that are supported. Go to the exchange’s trading area, pick out the cryptocurrency you want to buy, and enter the amount you want to pay.
It’s best to make your first buy small so you can get used to the process.
The cryptocurrency will be added to your exchange account after the deal is confirmed.
For extra safety, move your new digital assets to your personal wallet. This will keep them safe and give you power over them.
Storing and Securing Your Cryptocurrency
Types of Wallets: Hot vs. Cold Wallets
When it comes to storing cryptocurrency, you have two main options: hot wallets and cold wallets.
Hot Wallets: Hot wallets are connected to the internet and are typically provided by cryptocurrency exchanges or accessible via mobile or desktop apps.
They are convenient for frequent trading and transactions but are more susceptible to hacking and online attacks due to their internet connectivity.
Cold Wallets: Cold wallets, on the other hand, store your cryptocurrency offline, making them highly secure against hacking attempts.
Cold wallets come in the form of hardware wallets (physical devices like Ledger or Trezor) or paper wallets (physical printouts of your private keys).
Because they are offline, cold wallets are immune to online threats, but they may be less convenient for frequent transactions.
Choosing between a hot and cold wallet depends on your trading habits and security priorities.
For everyday use and small amounts, a hot wallet may suffice, while larger investments are better stored in a cold wallet for enhanced security.
Best Practices for Secure Storage
Regardless of the type of wallet you choose, following best practices for secure storage is essential to protect your cryptocurrency:
- Backup Your Wallet: Always backup your wallet’s private keys or seed phrase. Store backups securely in multiple locations, such as encrypted USB drives or offline storage.
- Enable Two-Factor Authentication (2FA): Add an extra layer of security to your accounts by enabling 2FA wherever possible. This requires a second form of verification, such as a code from your mobile device, in addition to your password.
- Keep Software Up to Date: Ensure your wallet software, operating system, and antivirus programs are regularly updated to protect against vulnerabilities and exploits.
- Use Strong Passwords: Create strong, unique passwords for your wallets and exchanges. Avoid using easily guessable information and consider using a password manager to securely store your credentials.
- Practice Caution Online: Be wary of phishing scams, malware, and social engineering tactics aimed at stealing your cryptocurrency. Verify the authenticity of websites and emails before providing sensitive information or clicking on links.
By implementing these best practices, you can significantly reduce the risk of losing your cryptocurrency to theft or unauthorized access, ensuring your digital assets remain safe and secure.
Cryptocurrency Mining
What is Mining?
Cryptocurrency mining is the process of validating and adding new transactions to a blockchain ledger.
Miners, who are participants in the network, use powerful computers to solve complex mathematical puzzles.
These puzzles serve two primary purposes: validating transactions to ensure they are legitimate and adding them to the blockchain in a secure and immutable way.
Miners compete to solve these puzzles, and the first miner to solve the puzzle is rewarded with newly minted cryptocurrency units and transaction fees as incentives for their computational effort.
This process not only secures the network but also ensures the integrity and decentralization of the cryptocurrency system.
Mining Methods: Proof of Work vs. Proof of Stake
There are two main methods for validating transactions and adding them to the blockchain: Proof of Work (PoW) and Proof of Stake (PoS).
Proof of Work (PoW): PoW is the original and most widely used mining method, employed by cryptocurrencies like Bitcoin and Ethereum.
In PoW systems, miners compete to solve complex mathematical puzzles using computational power. The first miner to solve the puzzle adds a new block of transactions to the blockchain and receives rewards.
PoW requires significant computational resources and energy consumption but is valued for its security and resistance to attacks.
Proof of Stake (PoS): PoS is an alternative mining method designed to address the energy consumption issues associated with PoW.
In PoS systems, validators are chosen to create new blocks and validate transactions based on the number of cryptocurrency tokens they hold and “stake” as collateral.
Validators are rewarded with transaction fees instead of new cryptocurrency units. PoS is considered more energy-efficient than PoW and encourages participants to hold and stake their tokens, thereby increasing network security.
Both PoW and PoS have their advantages and trade-offs, influencing the design and operation of different cryptocurrency networks.
The choice between these methods often reflects a cryptocurrency’s goals for security, decentralization, scalability, and sustainability in the long term.
Cryptocurrency Trading Strategies
Long-Term Investment vs. Day Trading
When it comes to trading cryptocurrencies, investors can choose between long-term investment strategies and day trading, each with its own advantages and considerations.
Long-Term Investment: Long-term investors purchase cryptocurrencies with the intention of holding them for an extended period, typically months to years.
This strategy is based on the belief that the value of cryptocurrencies will increase over time due to adoption, technological advancements, or market demand.
Long-term investors often perform thorough research on the fundamentals of the cryptocurrencies they choose to invest in, looking at factors such as the project’s team, use case, technology, and market potential.
They aim to capitalize on significant price appreciation over the long term and are less concerned with short-term price fluctuations.
Day Trading: Day trading involves buying and selling cryptocurrencies within short time frames, often within the same day or even within minutes.
Day traders capitalize on price fluctuations and market volatility to profit from short-term price movements.
This strategy requires technical skills, market knowledge, and the ability to execute trades swiftly.
Day traders often use technical analysis tools and charts to identify patterns and trends in cryptocurrency prices, making decisions based on short-term price movements rather than long-term fundamentals.
Technical Analysis and Fundamental Analysis
Successful cryptocurrency trading often involves a combination of technical analysis (TA) and fundamental analysis (FA).
Technical Analysis (TA): TA involves analyzing historical price and volume data to forecast future price movements.
Traders use various technical indicators, such as moving averages, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and chart patterns (like head and shoulders or double bottoms), to identify trends and entry/exit points.
Technical analysis helps traders gauge market sentiment, identify support and resistance levels, and make informed trading decisions based on statistical probabilities and patterns.
Fundamental Analysis (FA): FA focuses on evaluating the intrinsic value and long-term potential of cryptocurrencies based on fundamental factors.
These factors include the project’s underlying technology, development team, community support, market demand, use case, partnerships, and regulatory environment.
Fundamental analysts assess the viability and sustainability of a cryptocurrency project, aiming to identify undervalued assets with strong growth prospects.
FA helps investors make informed decisions about which cryptocurrencies to invest in based on their long-term outlook and potential for adoption and scalability.
Both technical analysis and fundamental analysis play crucial roles in shaping cryptocurrency trading strategies, catering to different trading styles, risk appetites, and investment goals.
Traders often combine elements of both approaches to develop a comprehensive trading strategy that aligns with their preferences and market conditions.
Cryptocurrency Market Trends and Predictions
Current Market Trends
As of the latest updates, the cryptocurrency market is experiencing several notable trends:
1. Institutional Adoption: There is a growing trend of institutional investors and financial institutions entering the cryptocurrency space.
Companies like Tesla and Square have invested in Bitcoin, while traditional financial institutions are exploring blockchain technology and digital assets for investment and payment solutions.
2. DeFi (Decentralized Finance) Boom: DeFi platforms continue to gain traction, offering decentralized lending, borrowing, trading, and yield farming opportunities.
The DeFi sector has seen significant growth in total value locked (TVL) and the number of users participating in various decentralized applications (dApps).
3. NFT Craze: Non-Fungible Tokens (NFTs) have emerged as a popular trend within the cryptocurrency ecosystem, enabling the tokenization of digital assets such as art, music, and collectibles.
The NFT market has seen explosive growth, with high-profile sales and increased interest from artists, creators, and collectors worldwide.
4. Regulatory Developments: Regulatory scrutiny and developments continue to impact the cryptocurrency market globally.
Different countries are exploring regulatory frameworks to govern cryptocurrencies, exchanges, and initial coin offerings (ICOs), aiming to provide clarity while addressing concerns around investor protection, financial stability, and anti-money laundering (AML) measures.
Future Outlook and Predictions
Looking ahead, several factors could shape the future of the cryptocurrency market:
1. Mainstream Adoption: Continued adoption by mainstream users and institutions could drive broader acceptance and utilization of cryptocurrencies for everyday transactions, investments, and digital payments.
2. Technology Advancements: Ongoing advancements in blockchain technology, such as scalability solutions (like Ethereum’s transition to Ethereum 2.0), interoperability, and improved security protocols, could enhance the efficiency and functionality of cryptocurrencies and decentralized applications.
3. Regulatory Clarity: Clearer regulatory frameworks and guidelines from governments and regulatory bodies could reduce uncertainty and encourage institutional participation and investor confidence in the cryptocurrency market.
4. Market Volatility: Despite potential growth, cryptocurrencies are likely to remain volatile due to factors such as market speculation, macroeconomic trends, technological advancements, and regulatory developments.
Investors should be prepared for price fluctuations and consider risk management strategies when participating in the market.
Overall, while the cryptocurrency market presents opportunities for innovation and financial growth, it also carries risks and uncertainties that investors and stakeholders should carefully navigate.
Staying informed about current trends and developments can help individuals make informed decisions and adapt to the evolving landscape of digital assets and blockchain technology.
Regulations and Legal Frameworks
Global Regulatory Landscape
The rules that govern cryptocurrency around the world are complicated and are always changing.
Japan and Switzerland, for example, have clear regulatory systems that encourage a balanced approach that protects investors while encouraging new ideas.
The United States takes a less unified approach. Different states have different rules, and the federal government has different categories for coins based on how they are used.
On the other hand, China and India have tougher rules, which include not letting people do things like cryptocurrency exchanges and initial coin offerings (ICOs).
With the proposed Markets in Crypto-Assets (MiCA) law, the European Union is moving toward a unified regulatory approach. The goal is to provide legal certainty and help the digital finance sector grow.
The way cryptocurrencies are regulated in each area has a big effect on the local market, affecting how businesses run and how investors interact with digital assets.
Impact of Regulations on Cryptocurrency Adoption
Rules are very important for the growth and use of coins. Regulations that are clear and helpful can boost trust among consumers, spur new ideas, and attract investment.
Japan, for example, is a center for blockchain technology and digital asset businesses because it was one of the first places to make laws about cryptocurrencies.
On the other hand, rules that are too strict can stop new ideas from coming up and push bitcoin activities underground or to places with less strict rules.
There is a lot of confusion about the rules in many countries, which makes investors and companies hesitant to move forward. For widespread adoption to happen, regulations must be clear.
This makes the market safer for institutional investors and lowers the risks of fraud and market manipulation.
In the end, finding the right mix between rules and new ideas is important for making sure that the cryptocurrency ecosystem is healthy so that it can become more widely accepted and be a part of the global financial system.
Common Misconceptions about Cryptocurrency
Debunking Myths and Misinformation
There are a lot of myths and false information about cryptocurrency that can make it hard for new users to understand.
A common misconception is that cryptocurrencies can only be used for criminal things, like laundering money or buying illegal goods.
It’s true that digital currencies have been used for illegal activities, but the vast majority of deals are legal and fair, and cryptocurrencies are becoming more and more a part of traditional financial systems.
Some people think that cryptocurrencies are a surefire way to get rich quickly. Because cryptocurrency markets are so volatile, there is a chance to make a lot of money, but there is also a lot of danger.
Some people also think that cryptocurrencies are fully anonymous, but most transactions are recorded on public ledgers, which means that they can be tracked.
By dispelling these myths, we can help people who are new to cryptocurrencies see them as complicated financial tools with both opportunities and risks, not just risky investments or tools for crime.
Educating Others about Cryptocurrency
To teach others about cryptocurrency, you need to clear up these misunderstandings and give a fair picture of what digital currencies are and how they work.
It’s important to explain that cryptocurrencies are decentralized digital assets built on blockchain technology to make deals safe and clear.
It’s easier to see how useful cryptocurrencies could be if we remember that they can be used in the real world for things like cross-border trades and powering new technologies like smart contracts and decentralized finance (DeFi).
Giving newcomers more tools, like educational pieces, trustworthy news sources, and user-friendly programs, can help them get around in the world of cryptocurrencies.
We can help people make better choices and get a fuller picture of how cryptocurrencies fit into the modern financial world by spreading correct information and encouraging deep questions.
Conclusion: Basics About Cryptocurrency
Cryptocurrency represents a revolutionary shift in the financial landscape, offering unique opportunities and challenges.
Understanding the basics about cryptocurrency is crucial to navigating this complex and dynamic field for beginners.
Here are the key takeaways:
Understanding the Fundamentals: Cryptocurrencies are digital assets based on blockchain technology, which ensures secure and transparent transactions. Familiarizing yourself with major cryptocurrencies like Bitcoin and Ethereum, and their distinct features, is essential.
Recognizing the Benefits and Risks: While cryptocurrencies offer advantages like decentralization, security, and global accessibility, they also come with risks such as volatility, regulatory uncertainties, and security vulnerabilities. Balancing these aspects is key to making informed decisions.
Buying and Storing Cryptocurrency Safely: Selecting a reputable cryptocurrency exchange, creating a secure wallet, and following best practices for storage can help protect your investments. Understanding the differences between hot and cold wallets is also crucial for secure storage.
Navigating Regulations and Legalities: Staying informed about the evolving regulatory landscape is vital. Different countries have varying regulations that can impact your ability to trade, invest, or use cryptocurrencies.
Educating Yourself and Others: Dispelling common myths and gaining a clear understanding of how cryptocurrencies work will empower you to make better decisions and help others do the same. Accurate information is your best tool in this rapidly changing field.
Exploring Innovation and Applications: Beyond financial transactions, blockchain technology powers a wide range of innovations across various industries. Keeping an eye on these developments can open up new opportunities for investment and involvement.
By embracing these key takeaways, beginners can build a solid foundation in cryptocurrency, enabling them to explore its potential confidently and responsibly.
As with any investment, continuous learning and vigilance are essential for success in the world of digital currencies.
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FAQs: Basics About Cryptocurrency
How can I keep my cryptocurrency safe?
Use a combination of hot and cold wallets, enable two-factor authentication, keep your private keys secure, and be cautious of phishing scams and suspicious links.
Is cryptocurrency legal in all countries?
No, cryptocurrency legality varies by country. Some countries fully embrace it, others have strict regulations, and a few have banned it entirely.
Is cryptocurrency a good investment?
Cryptocurrency can be a good investment due to its high potential returns, but it also carries significant risks, including market volatility and regulatory uncertainty.
Is cryptocurrency real money?
Cryptocurrency is considered digital money and can be used for transactions, but it is not universally accepted and its status as legal tender varies by country.
Can you convert crypto to cash?
Yes, you can convert cryptocurrency to cash using cryptocurrency exchanges, peer-to-peer platforms, or Bitcoin ATMs.
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