Lesson 2 || What Is Crypto Currency And How To Trade Crypto Currency?

in hive-150122 •  2 years ago 
What Is Crypto Currency?
Hello from and welcome to the lesson number two my new post about cryptocurrency.As we all know we all listen that's crypto world the worlds is making progress in the crypto market and soo many any news and we all are working on steemit Platform and this platform currencies is also cryptocurrencies and in this post I'm going to share what actually is cryptocurrency.
Crypto Currency

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Crypto currency is a type of digital currency and it is a combine data and this has own rules and run my investors and miners.The main thing is that the cryptocurrency is a system of worth of currency because when we purchase any cryptocurrency we thought and guess the worth of this currency will increase and we gain profit.On the other hand thier is no proper company or industry that run the cryptocurrency basically cryptocurrency depends on the investors mean how many investors investing on currency and what the market value said.As i told it is a digital currency and any digital work will be controlled and secured with different coding and different purpose.The cryptocurrency has different conditions its does not neend nay authority and properties and this digital currency does not any shape any paper that's is digital currency and trade with digital ways in the market and it has own market.

How To Trade Crypto Currency?

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As i mentioned that cryptocurrency is digital currency and trade with digital ways.Firstly the investors open the crypto market and see all the details and purchase the currency that want to buy and in the market thier are also soo many investors working of buying and selling.We buy currency from market and then store it for some time because we want the increase of worth of this currency.After the worth increase then we trade this currency.Transaction can be done by the system the owner of currency give currency and in return get some other currencies.The investors of the currency does not has any bank or any other wallet but they has own crypto wallet where they save his currency and the wallet has own keys and adrees that used when trading the currency.Bitcoin is the main currency of cryptocurrency and others currency are take a bow about this currency and this has an huge market.The trade of cryptocurrency is banned in different countries.

Special Thanks

@hungry-griffin
@rme

Regards By

@chhabib

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