FAQs
What is cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for security. Unlike traditional currencies, cryptocurrencies operate on a decentralized network based on blockchain technology, which ensures transparency, security, and immutability.
How do I buy cryptocurrency?
To purchase cryptocurrency, you need to:
1.Create an account on a cryptocurrency exchange.
2.Verify your identity.
3.Deposit funds using your preferred payment method.
4.Select the cryptocurrency you want to buy and complete the transaction.
What is a wallet, and do I need one?
A cryptocurrency wallet is a digital tool that allows you to store and manage your crypto assets. You can either use a custodial wallet provided by an exchange or a non-custodial wallet, where you manage your private keys. It’s recommended to have a wallet if you intend to store large amounts of cryptocurrency.
How do I keep my cryptocurrency safe?
Use a reputable wallet with strong security features.Enable two-factor authentication (2FA) on your accounts.
Keep your private keys offline in a hardware wallet.
Be cautious of phishing attacks and scams.
What are blockchain and mining?
Blockchain is a distributed ledger that records all cryptocurrency transactions. Mining is the process of verifying and adding transactions to the blockchain, where miners are rewarded with cryptocurrency for solving complex mathematical problems.
What are blockchain and mining?
Blockchain is a distributed ledger that records all cryptocurrency transactions. Mining is the process of verifying and adding transactions to the blockchain, where miners are rewarded with cryptocurrency for solving complex mathematical problems.