Economy - Important information to know about crypto currencies

Important information to know about crypto currencies

Crypto currency is a form of virtual money. In other words, coins and bills are not physical, but online. You have the ability to make a crypto currency transfer to a third party online without intermediaries, such as banks. Some people use crypto-currencies to make express payments and to avoid transfer fees. But, others may use crypto-currencies as an investment, waiting for the value to rise. However, it is possible to buy currencies with a credit card or in some cases, through a system known as “mining”. Crypto-currency is stored on a digital medium, whether online, on a computer or on another physical medium. So, before acquiring this currency, keep in mind that it does not have all the security guarantees offered by the US dollar. Also be aware that scammers offer...