What Is Cryptocurrency? Cryptocurrencies are digital assets people use as investments and for online purchases. You exchange real currency, like dollars, to buy “coins” or “tokens” of a certain kind of cryptocurrency.

Cryptocurrency. It’s the hot buzzword of the investing world these days. But what is cryptocurrency really? Ever heard of Bitcoin, Dogecoin, Litecoin, XRP or Ethereum? Nope—they aren’t embarrassing rock band names from the ’90s.

They’re actually types of cryptocurrency (aka digital money). And they’re trending everywhere you look. But the million-dollar (crypto?) question here is, should you invest in cryptocurrency?

Despite what every loudmouth on the internet yells at you from their digital soapbox, buying cryptocurrency isn’t a safe bet for your investing future. But we’ll get to that in a minute. Let’s unpack what in the world crypto is first.

Cryptocurrency trading has taken the financial world by storm ever since its inception in 2009. Digital currency is fast gaining popularity across the world.

deflationary assets, which means the purchasing power increases over a period of time. Each cryptocurrency has an algorithm that puts a cap on their total supply.

Everybody comes to crypto investing with their own agenda, whether swift and deliberately or slowly over time. Investing in crypto might seem like a

no-brainer compared with the day-trading heavyweights who buy and sell assets during stock market hours (by comparison there’s no time limit on when you can make a profit in the decentralised finance world). And for younger consumers, crypto may even seem inevitable for our social media- driven future.