What is a cryptocurrency?

It is a digital means of payment created through various methods. Most cryptos are blockchain-based and are traded and controlled decentrally.

Behind each currency is usually a separate project. There is a wide variety of versions. Overall, it can be said that it is a digital means of payment that is intended to improve today's monetary system.

Which cryptocurrency has a future?

Many newcomers ask this question. It is not easy to answer or it is actually impossible to answer this question. Which currency will prevail in the end is still uncertain.

People will see for themselves which project is best and needed. Find out about the specific characteristics of the coins and decide for yourself which project is the most future-proof for you. The market is just in its initial phase. A new cryptocurrency could possibly emerge tomorrow that will compete with all the others.

Which cryptocurrency will rise?

You can read the current market data on the site coinmarketcap.com. There you can see a lot of important data about the coins and which one is currently rising.

The data can be interpreted in many ways. You can get a better overview under "Read coinmarketcap correctly"!

Where to buy cryptocurrencies?

You can buy cryptocurrencies at crypto exchanges or various online brokers like exness mt4 download. On this page, I recommend you to trade the coins at the recommended providers below, because it works fast and uncomplicated. You can create an account to buy in a few minutes. I have listed the advantages for you. The coins are traded in real value or CFD, which makes it very easy to invest.

What is a cryptocurrency wallet?

A wallet is the storage for your own coins. They can be safely stored and kept there. In colloquial language, it is also called a wallet. With the wallet you can receive, send and store cryptocurrencies. There are different versions here, such as: physical and virtual wallets. You can read more under "Cryptocurrency wallet".

How to store and secure cryptocurrency?

You can store normal coins on different wallets. There are online wallets, hardware wallets or even paper wallets. With the brokers presented above, the currencies are traded and held via CFD (contract for difference). It is considered particularly secure because the account can be protected with 2-factor authentication.

 

Are cryptocurrencies a bubble?

In my opinion, these currencies are not a bubble, but the future of our monetary system. Innovative ideas are being realised and simplifying payment transactions.

In addition, certain methods make payment transactions safer and faster. Some coins may probably be far too overvalued and others too undervalued. Bitcoin is at a peak, although there are much better coins.

What is cryptocurrency mining?

Mining refers to a creation of digital currency by hardware. Certain coins can still be mined and created by computer algorithms.

In China and other countries (cheap electricity), for example, there are huge building complexes only with computers that mine coins. A business model can also be created in this way. Whether this is really economical is something everyone has to decide for themselves.