Cryptocurrency is digital money.
That means there’s no physical coin or bill — it’s all online. You can transfer cryptocurrency to someone online without a middle-man, like a bank. Bitcoin(BTC) and Ethereum(ether or ETH) are well-known cryptocurrencies, but new cryptocurrencies continue to be created on daily basis.
People might use cryptocurrencies for quick payments and to avoid transaction fees. Some might get cryptocurrencies as an investment, hoping the value goes up. You can buy cryptocurrency with a credit card or, in some cases, get it through a process called “mining.” Cryptocurrency is stored in a digital wallet, either online, on your computer, or on other hardware.
Before you buy cryptocurrency, know that it does not have the same protections as when you are using other currencies line CFA FRS or U.S. dollars.
Payments made with cryptocurrency are not reversible so if you make a payment to the wrong account (address) or get scammed through Cryptocurrency, the transaction cannot be reversed
Cryptocurrencies let you buy goods and services, or trade them for profit.
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