WHAT IS CRYPTOCURRENCY?
Simply put, cryptocurrencies (also known as digital currencies,
cryptos, virtual assets, or digital assets) are digital forms of currencies.
They can be used to pay for goods and services just like conventional
currencies. Like how the traditional forms of currencies can be traded
against each other on the forex, cryptocurrencies can also be traded
against specific pairs on specialized platforms called cryptocurrency
exchanges.
The difference is that, unlike conventional currencies such as the U.S.
dollar, cryptocurrencies are often not controlled by a single entity.
Simply put, cryptocurrencies (also known as digital currencies,
cryptos, virtual assets, or digital assets) are digital forms of currencies.
They can be used to pay for goods and services just like conventional
currencies. Like how the traditional forms of currencies can be traded
against each other on the forex, cryptocurrencies can also be traded
against specific pairs on specialized platforms called cryptocurrency
exchanges.
The difference is that, unlike conventional currencies such as the U.S.
dollar, cryptocurrencies are often not controlled by a single entity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.