Beginners Guide To Buying Crypto Currency
In recent years, cryptocurrencies have transitioned from a niche interest to a mainstream phenomenon. With stories of dramatic gains and high-profile endorsements, more people than ever are interested in buying digital currencies. However, the process can seem daunting for newcomers. This guide aims to provide you with a step-by-step beginners guide to buying crypto currency 1. Introduction to Cryptocurrency Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on technology called blockchain. Bitcoin, created in 2009 by an unknown person using the alias Satoshi Nakamoto, was the first cryptocurrency. Since then, thousands of alternative cryptocurrencies have been developed. 2. Understanding Blockchain Technology A blockchain is a decentralized ledger of all…