What is Cryptocurrency and How Does it Work?

Digital currency is a type of digital money that uses encryption for security. Bitcoin is the most popular example. These currencies operate without a central authority, making them free from government control.

To own crypto, a digital wallet is essential. Digital wallets keep your crypto safe. Popular exchanges include Coinbase and Kraken. Keep in mind, crypto is known for high volatility, so be cautious with your investment. Understanding crypto can lead to exciting opportunities.