Everything You Need To Know Before Buying Cryptocurrency

Everything You Need To Know Before Buying Cryptocurrency

Since the hype peak in late 2017 and early 2018 when almost everybody was eager to join the crypto, things have settled down. But still new enthusiasts buy cryptocurrencies – Bitcoin, mostly – each day. It may be risky for newcomers if they dive in without appropriate knowledge. Before you buy Bitcoin or other crypto, define the reasons why you want to get involved in the industry, explore basic rules and potential risks.

The basics

Simply put, cryptocurrency is a database of math-protected entries. It exists in the digital form only and requires the Internet access. There are a lot of cryptocurrencies in the market, you can check their stats on Coinmarketcap. Each coin has unique features and, more importantly, its own purpose. Some cryptocurrencies, like Bitcoin, tend to become a globally accepted payment system, while others, like Ether, act as a fuel for decentralized applications development.



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