What are Cryptocurrencies?
Cryptocurrency is digital money that’s stored on a blockchain.
You can send and receive crypto...
- ...without middlemen such as banks extracting fees
- ...without revealing your personal information
- ...at any time to anyone in the world in minutes
- ...in fractional shares (e.g. you can send 0.00000001 bitcoin)
However, you do need to...
- …pay network fees (e.g. Ether gas) which can be as high as bank fees
- …deal with large price fluctuations
- …be wary of scams and phishing attempts
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