Blockchains and tokens/cryptocurrencies can be complicated and difficult to understand. Some of the underlying processes, such as cryptography, are very complex subjects. We will break down a few key points below.
If you are enjoying what you are reading and would like to know more about some of the underlying technologies then head on over to our blockchain page where we explain some of these.
What To Do With It?
Some people choose to hold on to their tokens in case their value goes up. Bitcoin was last decade’s best performing cryptocurrency — its value increased 2,600%+ since 2014.
Forget conversion fees or wire transfer waits; sending crypto to anyone in the world is fast and cost-effective. You can now send BTC via Twitter!
Each cryptocurrency is designed for a specific purpose. From a value store to project governance or a portfolio management token.
Use your crypto to pay for travel, buy gift cards, eat at restaurants, and more. The number of places that accept crypto is growing every day. Use a contactless Visa debit card that’s funded by your crypto balance available from a number of companies.
There are a variety of ways to earn money using cryptocurencies, from just holding, staking or providing liquidity provision or assets for borrowers (where you are paid in interest).
Not sure how cryptocurrency wallets work or the best way to keep your tokens safe?
Perhaps you are not sure of the use cases for them at all?
Whether you are brand new to cryptocurrencies, or just wanting to ensure you are as informed as you can be, we can put together something to make you feel at ease with investing.