#TradingTypes101

Cryptocurrency is a digital or virtual form of money that uses cryptography for security and operates on decentralized networks called blockchains. Unlike traditional currencies, it isn't controlled by any central authority like a bank or government. Bitcoin, launched in 2009, was the first and is still the most well-known. Other popular cryptocurrencies include Ethereum, Binance Coin, and Solana. People use crypto for payments, investing, trading, and accessing decentralized finance (DeFi) apps. Transactions are recorded publicly and securely on a blockchain. You can buy, sell, or store crypto using exchanges and digital wallets.

Crypto prices are very volatile, so it's important to research before investing. Always prioritize security, as scams and hacking risks exist in the crypto space.