How do I deposit crypto If I already own a cryptocurrency?

If you happen to own some crypto already, you can deposit it into your exchange account. Remember to always send your coins to the associated address: send Bitcoin to your Bitcoin address, ether to your Ethereum address, and so on. Sending crypto to the wrong addresses could result in losses.

What is a cryptocurrency based on?

Coins are designed to be used as a kind of currency and are created on their own blockchain. For example, Ether is a cryptocurrency based on the Ethereum blockchain. “Altcoin” refers to any blockchain-based cryptocurrency that isn’t Bitcoin.

What is crypto & how does it work?

And though people may refer to crypto in physical terms (e.g., as coins), crypto is generated and traded in only a digital format. Cryptography refers to the mathematical technique used to secure each unit of cryptocurrency and ensure it can’t be copied. Most crypto exists on a blockchain platform.