#TradingMistakes101 Crypto coins (short for cryptocurrency coins) are digital currencies that use cryptography to secure transactions, control the creation of new units, and verify transfers. They are built on blockchain technology, which is a decentralized digital ledger.

Here’s a simple breakdown:

🔑 Key Features of Crypto Coins:

Digital: They exist only in electronic form.

Decentralized: Not controlled by governments or banks.

Secured by Cryptography: Transactions are encrypted and secure.

Global & Borderless: Can be sent or received anywhere in the world.

Immutable: Once added to the blockchain, transactions can't be changed.

💰 Examples of Popular Crypto Coins:

Bitcoin (BTC) – The first and most well-known cryptocurrency.

Ethereum (ETH) – Known for smart contracts and decentralized apps (dApps).

Litecoin (LTC) – A faster and lighter version of Bitcoin.

Ripple (XRP) – Designed for fast and low-cost international payments.

🔄 How They Work:

You store them in a digital wallet.

You can send or receive coins with a public address.

All transactions are recorded on a blockchain.

Some coins can be mined or earned through staking.

Would you like to know the difference between crypto coins and tokens next?