What is crypto & how does it work?

Crypto are digital assets —they have no tangible form. Cryptocurrencies exist and operate on a public ledger called a blockchain, which records all crypto transactions. Blockchain encryption is designed to make all transactions immutable and secure from tampering, counterfeit, and other forms of fraudulent transactions.

How do I buy crypto?

You can purchase crypto through a cryptocurrency exchange or any financial institution that can broker a cryptocurrency transaction. Once you purchase cryptocurrency, you can secure your crypto coins in a digital wallet, online wallet, or hardware wallet. What are the risks of investing in crypto?

Who can use cryptocurrency?

Anyone can use it. Cryptocurrency holds a great value for people who lack access to banks Unlike setting up a bank account, which often requires several layers of identification and documentation, users need only a smartphone or access to the internet to use cryptocurrency. No limits on transactions.

Can a centralized authority issue cryptocurrency?

A centralized authority, like a federal bank, cannot issue cryptocurrency. It must enter the market differently. One way that happens is through a process known as mining. Mining refers to using computers to solve complicated mathematical puzzles in order to receive cryptocurrency.