What is Cryptocurrency and How Does it Work?

Cryptographic currency is a type of digital money that uses encryption for security. Bitcoin is the most popular example. Cryptocurrencies lack a central bank control, making them free from government control.

To buy cryptocurrency, you’ll need a digital wallet. This wallet stores your digital coins securely. Popular exchanges include Coinbase and Kraken. Keep in mind, crypto is known for payday loan apps high volatility, so careful consideration is advised. Understanding crypto can lead to exciting opportunities.