Cryptocurrency refers to digital or virtual assets that use cryptography for security.
Unlike traditional currencies, cryptocurrencies are decentralized and typically operate on blockchain technology. They can be traded 24/7 on various online platforms, often against other cryptocurrencies, fiat currencies, or assets.
Popular cryptocurrencies like Bitcoin and Ethereum are known for their high volatility, offering both high-risk and high-reward trading opportunities.
« Back to Glossary Index