What is cryptocurrency?
A cryptocurrency (or “crypto”) is a digital asset that can circulate without the need for a central monetary authority such as a government or bank. Instead,cryptocurrencies are created using cryptographic techniques that enable people to buy, sell or trade them securely.

How does cryptocurrency work?

Bitcoin and most other cryptocurrencies are supported by a technology known as blockchain, which maintains a tamper-resistant record of transactions and keeps track of who owns what. The creation of blockchains addressed a problem faced by previous efforts to create purely digital currencies: preventing people from making copies of their holdings and attempting to spend it twice.

Individual units of cryptocurrencies can be referred to as coins or tokens, depending on how they are used. Some are intended to be units of exchange for goods and services, others are stores of value, and some can be used to participate in specific software programs such as games and financial products.

list of the common cryptocurrencies

Below is the list of the popular cryptocurrencies

1.Bitcoin
2.Ethereum
3. USDT
4. XRP
5. Solana
6. DogeCoin
7. Tron
8. Binance Coin
9. Polkadot
10. Hex


1.Bitcoin: is the first and most valuable cryptocurrency.

2:Ethereum is commonly used to carry out financial transactions more complex than those supported by Bitcoin.

Cardano: is a competitor to Ethereum led by one of its co-founders.

Litecoin: is an adaptation of Bitcoin intended to make payments easier.

Solana: is another competitor to Ethereum that emphasizes speed and cost-effectiveness.

Dogecoin: began as a joke but has grown to be among the most valuable cryptocurrencies.

Stablecoins: are a class of cryptocurrencies whose values are designed to stay stable relative to real-world assets such as the dollar.

Platforms to buy Crypto.

There are numerous trading platforms . But for the purpose of this article, I will only talk about two legit trading platforms Which I do use.

1. YELLOWCARD : It is the safest, easiest way to buy and sell Bitcoin with cash or online. On Yellowcard App ( www.yellowcard.io ) , you can buy Bitcoin and other Cryptocurrencies with multiple payment options that are tailored to suit your country of origin. Which means you can start trading instantly with any method of your choice.

YELLOWCARD also take the security of their users’ funds seriously. With multi-sig wallets, One Time Pins and Authenticators, as well as robust KYC, they ensure your funds are safe at all times.

I use YELLOWCARD for buying and selling (Trading) of Cryptocurrencies. You can visit www.yellowcard.io to get started.

2. BINANCE : Binance is a cryptocurrency exchange which is one of the largest exchange in the world in terms of daily trading volume of cryptocurrencies. I use Binance for
Hoarding . Hoarding is a speculator buying large amounts of a product with the intention of benefiting from future price rises. You can visit www.binance.com.

You can tell me your own preferred trading platform(s) in the comment section. Don't forget to tell us why you chose it.

Following

I use Yellowcard almost every day because of cool rates. It's an amazing trading platform.

I also use Yellowcard and Luno. I have always enjoyed using these two platforms.

EinsteinAyo:
I use Yellowcard almost every day because of cool rates. It's an amazing trading platform.

That's cool
Being a while I traded on my Yellowcard wallet
I never knew that platform still perform really well.

Automated binary trading bots and how it works

I use yellow card and Binance. Great exchange platforms offering the best rates

Niswayne19:
I use yellow card and Binance. Great exchange platforms offering the best rates

I still prefer yellow card. Omo

For me, crypto is like a modern twist on money, a digital asset that doesn't rely on the usual suspects like governments or banks. Instead, it's all about cutting-edge cryptographic techniques that make transactions secure and private. Imagine it as digital gold you can trade with a few clicks. If you're thinking about jumping into the crypto game, let me share a tip. There's this cool AI trading tool called Ethereum Code that can give you a helping hand. It uses artificial intelligence to analyze trends and make informed trading decisions. I've heard some good things about it from fellow crypto enthusiasts.

Hey, great explanation of cryptocurrency! 👍 It's like digital money that's super secure and doesn't need a big boss like a bank. People use fancy tech to make and trade these coins safely. Speaking of tech, have you heard about Immediate Connect? It's this AI trading thing that's making crypto even more interesting. Imagine having a smart helper for trading! But remember, while crypto's exciting, it's also important to stay informed and start small.