Cryptocurrency (or crypto) is a digital or virtual currency that uses cryptography to secure transactions.
Cryptocurrency enables secure online transactions, using cryptography, without the need for any trusted third parties. Cryptocurrencies run on our good friend the blockchain which holds a record of all transactions.
You are able to purchase crypto using fiat on crypto exchanges like Kraken and Coinbase. You can send and receive payments when you have a cryptocurrency wallet (which we will cover in more detail in a later section).
An indepth explanation on crypto covering types of crypto and security concerns.
According to CoinMarketCap, there were 13,669 cryptocurrencies as of late 2021.
What is cryptocurrency?