What is CryptoCurrency:-
Cryptocurrency is a kind of online money which can be buy or sell online. Many cryptocurrencies are decentralized networks based on the blockchain technology,
the main feature of cryptocurrency is that they are not issued by any government or it’s authority it is a only kind of online currency which can be use in any king of transaction easily.
Use of Cryptocurrency:-
Cryptocurrency is use for any kind of online transaction of money all over the world without converting it to other’s country currency. It is very useful in international transaction and most of the large amount international transactions which were done online accepts cryptocurrency because it doesn’t fluctuate much
you can also think it as a kind of gold because you can sell gold or buy anything from any country you doesn’t need to covert it in their local currency so same as gold you can use it at any country because it is very acceptable.
Some points of cryptocurrency:-
· Cryptocurrency is s kind of online money that you can buy or sell online.
· Cryptocurrency has a decentralize structure this means it is not own by any kind of central authority.
· Many people believed that cryptocurrency is not good for industries with finance or laws.
· Cryptocurrencies face criticism because it use in many kind of illegal activities and illegal transactions.
· To store cryptocurrencies you need online wallet of that cryptocurrency because you cannot send or accept it directly to your bank account or other wallets like paytm or other.
Types of crypto currencies:-
There are many kinds of cryptocurrencies and all have different uses with different values some are more useful and valuable but some are less now I am going to tell you some most useful cryptocurrencies.
The most useful cryptocurrency is bitcoin it is discovered on 2009 by a group called “Satoshi Nakamoto” at that time there were only 18 million bitcoins in circulation with a total market value $146 Billion.
There are many other cryprto currencies are circulating online which are:-
Litecoin is a online international currency which is totally decentralized or doesn’t own by any kind of central government it is the most usefull cryptocurrency after bitcoin it support international trade and online payments.
etherium is a online international currency which is totally decentralized or doesn’t own by any kind of central government it is the most usefull cryptocurrency after litecoin it support international trade and online payments.
Ripple is a online international currency which is totally decentralized or doesn’t own by any kind of central government it is the most usefull cryptocurrency after ethrium it support international trade and online payments.
There are other cyptocurrencies also but these cover most of the part of the trade or transaction done by cryptocurrencies.
Advantages of Cryptocurrencies:-
There are also may advantages of cryptocurrencies.
· The most important use of cryptocurrencies is that you can transfer cryptocurrency or receive cryptocurrencies directly you doesn’t need any third party like bank or other, you can get it directly.
· All crypto currencies wallet charges a verly low amount of fees is you transfer such a large amount from any other third party you need to pay much fees than cryptocurrencies wallet.
· The most useful cryptocurrency is bitcoin because it contain 68% of all cryptocurrencies volume.
· The most important advantage of crypyocurrency is you can pay a high amount with very less unit of cryptocurrency because it have very high market value.
Where to buy cryptocurrency:
You can buy cryptocurrency online for that you need a cryptocurrency wallet you can get it in exchange of your countries currency there are many
websites available to buy and sell bitcoin you can search for it from goolge or other browser.
How to earn money from bitcoin:-
You can also earn money online and setup business through bitcoin as byou have to check regularly the cost of bitcoin when its cost fluctuate much
less then its original cost then you yhave to buy it and when it seems that bitcoin cost is growing you can sell it and earn profit through this business.
How to sell and where to sell bitcoin:-
Now I am going to tell you about how to sell and where to sell bitcoin, you can sell bitcoin when its cost rises then the cost in which you buy it through this the remaining amount will become your profit now the question is that how to sell
or where to sell bitcoin, so for that you doesn’t need to find any costumer who want to buy bitcoin there are may websites available in internet which buy and sell bitcoin you can search it on google but do this carefully some websites may be fraud.
I think you got what is bitcoin and what os cryptocurrency and is advantages or disadvantages and how to grow business with the help of cryptocurrencies so if you got it well you can follow our website to get technology articles notification fast you can also follow us on other social networks like instagram, twitter and facebook if you want technology information in video format so you can subscribe to our youtube channel.
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