To some, a completely digital form of currency may seem alien. But the cryptocurrency model is very similar to how physical currency works. Individual units of cryptocurrency are referred to ascoins or tokens, and you can also buy a fraction of a crypto coin (like pennies are fractions of d...
One of the challenging aspects of crypto trading is fluctuating value. Unlike more stable fiat currencies, cryptocurrencies change values very quickly and frequently. Consequently, it is vital for traders to keep a close eye on exchange rates and values. This is where charts come in. Currency exc...
“Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin. That type of currency is not a security.” A cryptocurrency like Bitcoin doesn’t pass the Howey Test. While Bitcoin meets the test’s first prong, it doesn’t satisfy the...
So, it might be in your interest to keep reading and then continue with your research of the alt-coins and application coins. Bitcoin was the category creator of crypto-currency and got everyone excited with huge movements in the Bitcoin price. That is what happens when it goes from $...
What is a crypto wallet (cryptocurrency wallet)? A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. Withcryptocurrency, there's no tangible currency, no paper money to place within a physical wallet or purse. Cryptocurrency exists on...
Currently, the most common way of acquiring cryptocurrency is via a cryptoexchange. At a cryptoexchange, users buy a given cryptocurrency either with a fiat currency, such as the US dollar, or with another cryptocurrency. For example, a user could buy Dogecoin with Bitcoin and vice versa. Cr...
Cryptocurrency is a computer-generated file designed to be a completely digital store of value that isn’t connected to anything tangible in the real world. It’s like currency Short for cryptocurrency, many believe crypto could one day be as commonly used as cash and credit. Rather than paper...
What is Fiat Money? To understand it better we have to get into the etymology of the word ‘Fiat’ — which in latin means “let it be done” or “it shall be”. Hence a fiat currency is anything that the government declares “let there be value, by law and regulation”. Intrinsical...
What Is the Difference Between a Crypto Coin and a Crypto Token? The main difference is that crypto coins have their own independent blockchain, whereas tokens are built on an existing blockchain. Crypto coins are designed to be used as currency, while crypto tokens are intended to represent ...
Two major factors that distinguish different exchanges are the fees and thecurrency pairsthey offer. Most crypto exchanges will include some fee for your transactions; these can be based on the transaction size, or they may depend on your activity level. In some cases, they may be unrelated to...