What is Cryptocurrency?

What is Cryptocurrency?

Whoever you see today is running behind Cryptocurrencies. In a short time, Cryptocurrency has become very famous in the financial market. Crypto currency can also be called digital money because it is available only online and we cannot get it physically.

How Governments apply other currencies like Rupees in India, Euro in Europe etc. to the whole country, In the same way these currency is also used all over the world.

Cryptocurrency

Cryptocurrency can be called digital currency. It is a Digital Asset which is used for the purchase of things or services.

If we discuss about the cryptocurrencies, then the firstly became famous among them is Bitcoin. It was first cryptocurrency and it is also used the most. There have been many controversies regarding Bitcoin, but today Bitcoin is at the top of Cryptocurrencies.

How to invest in Cryptocurrency?

For investing in Cryptocurrencies, Firstly you have to choose the right platform. Because if you don’t choose right platform then you may have to pay extra fees while trading. Similarly, the most popular Cryptocurrency platform in India at present is “Wazirx”.

Types of Cryptocurrency?

There are many types of Cryptocurrencies but there are only some cryptocurrency which are performing better and generating good revenue. Such as given below:

Bitcoin (BTC)
If there is discussion about Cryptocurrency and not talk about Bitcoin it can not be possible at all. Because Bitcoin is the first cryptocurrency in the world. Which was created by Satoshi Nakamoto in 2009.
It is a digital currency, it is also used for buying goods and services only online. It is a de-centralized currency which means that there is no hand of government or any institution behind it.

Ethereum (ETH)
Such as Bitcoin, Ethereum is also an open-source, decentralized blockchain-based computing platform. The name of its founder is Vitalik Buterin. Its Cryptocurrency token is also called 'Ether'.

Dogecoin (doge)
There is the interesting story behind the formation of Dogecoin. It was compared to a dog to mock Bitcoin, which later formed a cryptocurrency. The name of its founder is Billy Markus. 

Binance Coin (BNB)
Binance Coin (BNB) is the parent cryptocurrency of the Binance crypto exchange, It has the world's largest exchange by volume.