cryptocurrency : What is cryptocurrency?

Cryptocurrency is known by many names.

You have probably read about some of the most popular types of cryptocurrencies like bitcoin.

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Before converting to actual dollars, euros, pounds or other traditional currencies (symbolized by bitcoin, the most popular cryptocurrency)

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You must understand what cryptocurrencies are, the risks involved in using cryptocurrencies

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Cryptocurrency is a digital currency, an alternative form of payment created using encryption algorithms

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The use of encryption techniques means that cryptocurrencies act as both a currency and a virtual accounting system.

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To use cryptocurrencies, you need a cryptocurrency wallet.

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These could be wallet software that is a cloud-based service or stored on your computer or your mobile device.

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