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December 2021
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Introduction: What is Cryptocurrency?Cryptocurrency is a digital currency that uses cryptography for security.
The most popular cryptocurrency is Bitcoin, which was created in 2009 by an unknown person or group of people under the name Satoshi Nakamoto. The idea behind it was to create a currency independent from any central authority and transferable electronically, more or less instantly, with very low transaction fees. Cryptocurrencies are often built on the idea of decentralization. This means that there is no central point of control and no single entity can take control over the currency by controlling all the nodes. What is a Cryptocurrency Wallet?A cryptocurrency wallet is a software program that stores your private and public keys and interacts with various blockchain to enable users to send and receive digital currency. Cryptocurrency wallets are designed to generate the public key or address which acts as an account number and the private key or seed which is a password. The two keys are generated through a process called “hashing” where data of any length is inputted into an algorithm of fixed length. How do I Buy CryptocurrenciesFor anyone who is new to the world of cryptocurrencies, the first question that comes to mind is where and how to buy them. There are many ways you can buy cryptocurrencies. You can purchase them from a cryptocurrency exchange, or you can use a service like Coinbase which will allow you to purchase cryptocurrencies with your credit card and store them in their wallet. What is a Cryptocurrency Exchange?A cryptocurrency exchange is a digital marketplace where traders can exchange their fiat currencies for crypto assets. Consider platforms like Easy Equities Crypto. The best crypto exchanges offer a wide range of trading options, good security and user-friendly interfaces. How Do I Trade Bitcoin and Other Cryptoassets?Crypto trading is the process of buying or selling cryptoassets with the hope that their value will increase. There are a number of ways to trade cryptoassets. The most common way is to buy and sell on an exchange, which is a platform where buyers and sellers come together in order to trade cryptocurrencies. You can also buy and sell cryptoassets on your own through an online exchange or through an offline broker. It’s important not to confuse cryptocurrency exchanges with traditional stock exchanges such as the New York Stock Exchange (NYSE), which trades stocks of publicly-traded companies like Apple, Microsoft, Amazon, etc. Cryptocurrency exchanges allow you to buy and sell different types of cryptocurrency coins with other traders around the world.
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