What Is Cryptocurrency? A Beginner's Guide

Think of cryptocurrency as digital money that lives entirely online. It’s not like the cash in your wallet or money in your bank account. Instead, it’s decentralized, meaning no government or bank controls it. It’s powered by something called blockchain technology, which makes it secure and transparent.

The most famous cryptocurrency is Bitcoin, but there are thousands more, like Ethereum, Binance Coin (BNB), and Dogecoin. Each one has a purpose—some are for payments, others are for building apps, and some are purely for investing.

Why do people love cryptocurrency?

Freedom: No middlemen like banks.

Global Access: Send and receive money instantly anywhere in the world.

Potential for Growth: Some coins have skyrocketed in value.

But it’s not all sunshine. Prices can jump up and down wildly, so it’s essential to do your homework before jumping in.