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What is CryptoCurrency?

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financeade
@financeade
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What is Cryptocurrency and Why should you buy it?

What is a Cryptocurrency

It's just a currency like the paper money and coin we use but there are many differences between them but they work as same. You give cryptocurrency to buy something you get cryptocurrency when you sell something works exactly same like normal currency. One biggest difference is

What are BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin)

Like we have several currency like United States Dollar, British Pound Sterling, etc. cryptocurrency also have several pardon me (tons of) currency too Examples are

  1. Bitcoin
  2. Ethereum
  3. Litecoin
  4. Solana
  5. Monero

Then what are BTC, ETH, LTC, etc.

They are currency symbols like USD, GBP, etc. Examples are:

  1. BTC
  2. ETH
  3. LTC
  4. SOL
  5. XMR

What are Crypto Wallet

The normal wallet you use is to keep bills, card and coins. Then, what is a Crypto Wallet. It's just a wallet to store your cryptocurrencies.

Hi Guys I use the easiest method I could use to explain what are cryptocurrency and if you like the way I explain and want to learn more a How does Cryptocurrency work will come soon

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