What is crypto & how does it work?

The word “crypto” in cryptocurrency refers to the special system of encrypting and decrypting information – known as cryptography – which is used to secure all transactions sent between users.

Where can I buy and sell crypto?

There are many specific cryptocurrency exchanges, such as Coinbase, but users can also buy, sell, and store crypto through financial services outlets, such as PayPal. You can purchase crypto with traditional currencies, like the US dollar, and increasingly with ACH (automated clearing house) transfers directly from a bank.

What are the best crypto exchanges?

Here are some notable crypto exchange platforms: Founded in 2017, Binance offers a list with hundreds of currencies to pick from, with the bonus of having its own wallet. With over 50 cryptocurrencies to trade, Coinbase is one of the largest and most established cryptocurrency exchanges in the United States.

What are the characteristics of crypto exchanges?

One characteristic of crypto exchanges that can be overlooked is whether they have liquidity. You want to make sure you're able to sell your cryptocurrency whenever you want and at the best price. This requires the exchange to have enough trade volume, and often the more popular crypto exchanges will have higher liquidity.