Crypto is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.
A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Since then, numerous other cryptocurrencies have been created. These are frequently called altcoins, as a contraction of Bitcoin alternative.
One of the main reasons that investors are drawn to cryptocurrencies is the possibility of high returns. However, cryptoassets are also incredibly volatile, so investors must be aware of the risks involved.
Crypto is available on Coinbase, one of the most popular cryptocurrency exchanges. Coinbase allows you to buy and sell cryptocurrencies, as well as store them in a wallet on the platform.
You can also use Coinbase to buy goods and services with crypto, though not all businesses accept crypto payments yet.