What is cryptocurrency and how does it work?

Cryptocurrency is decentralized digital money that’s based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 9,000 different cryptocurrencies in circulation. How Does Cryptocurrency Work? A cryptocurrency is a digital, encrypted, and decentralized medium of exchange.

How do I know if a cryptocurrency is a good investment?

For beginning investors, it can also be worthwhile to examine how widely a cryptocurrency is being used. Most reputable crypto projects have publicly available metrics showing data such as how many transactions are being carried out on their platforms.

What is a cryptocurrency scam?

"Celebrity" endorsements: Scammers pose online as billionaires or well-known names who promise to multiply your investment in a virtual currency but instead steal what you send. They may also use messaging apps or chat rooms to start rumours that a famous businessperson is backing a specific cryptocurrency.

Is crypto a good investment?

Cryptocurrency was developed as an alternative to the dollar, and its functions can make it an attractive investment. Blockchain, the underlying technology that powers crypto, is seen as a tech disruptor. Much like dot-com investing in the 1990s, crypto may hold promise, but there will likely be winners and losers.