Crypto Overview Beginner friendly.
What Is A Cryptocurrency?
Simply put, cryptocurrency is a digital currency that can be used as fiat money to buy or sell goods and services or exchange it for other cryptocurrencies. All cryptocurrencies have value against fiat currencies and additionally against Bitcoin, the leading cryptocurrency.
How To Buy Cryptocurrency?
There are numerous ways to buy Crypto. You can visit local cryptocurrency ATM and buy it for cash, use credit cards and buy online, from your friends without using the internet, through crypto exchanges, or simply receive it for your services, as a salary, for example.
The best way to buy it, however, is probably through crypto exchanges. This way, you avoid delays with bank’s clearance, you keep a certain degree of anonymity, and you can quickly convert your cryptocurrency to another one.
What Is A Cryptocurrency Wallet?
Irrespective of the method through which you are buying cryptocurrencies, you will need a wallet to keep them.
Cryptocurrency wallet consists of a public and private key that confirm your identity and also link you to a blockchain network where crypto transactions take place. There are various types of cryptocurrency wallets out there, including hardware, paper, mobile, desktop, and online. The best advice one could give you about choosing the proper one is to do your research and decide for yourself. However, the safest one is the paper wallet. This one is not possible to hack into, and if you store it safely, only you can access your account and control your funds.As of November 2018, there are nearly 2,100 cryptocurrencies in the crypto space. According to the current market cap, Bitcoin tops the list and is followed by Ripple, Ethereum, Bitcoin Cash, Stellar, and EOS.
But do you know anything about the stories behind each of the leading cryptocurrencies? Do you know why they were created in the first place, and how valuable they are? If you don’t, the following infographic will introduce you the top 25+ cryptocurrencies and their stories, market cap, circulating supply, and total supply.
Whether you are new in the crypto space or a crypto veteran, it will give you a better idea about how things work in the crypto world.
Credit to the cool guys over at bitcoinplay.net