A cryptocurrency is a digital asset that can be transferred between users through a secure online transaction. Cryptocurrencies, which allow secure and anonymous transfers, have been used in recent times to avoid transaction fees on credit cards and banking systems.
Cryptocurrency is a term that refers to all forms of money that use cryptography for security such as Bitcoin, Litecoin, and Ethereum. The first decentralized cryptocurrency was Bitcoin, introduced in 2009 by developer Satoshi Nakamoto. Since then, hundreds of cryptocurrencies have been created; some use blockchain technology while others are based on centralized databases.
This guide will give you an overview of the different cryptocurrencies and how they work, as well as a step-by-step guide on how to buy your first coins with fiat through an exchange. exchanges like Coinbase or Binance.