Advice

Creating, purchasing, or investing in cryptocurrency can seem cryptic at first glance. It requires you to learn a new language, new platforms, and new methods of investment and transactions to get started–and hopefully, be successful. But doing so is also exciting – cryptocurrency is a fast-growing financial landscape and is evolving daily. Investopedia estimates that as of November of 2021, there are more than 10,000 cryptocurrencies in existence. That said, before you jump to input your financial info, make sure you do your research–not all cryptocurrencies or blockchains are created equally. First, it's important to know a few essential definitions. Cryptocurrency is a digital, encrypted form of payment that can be exchanged online for goods or services. Some companies have their own cryptocurrencies, often called tokens, and can be traded specifically for the goods or services that the companies sell. It [...]

Investing in cryptocurrency can be as exciting as it is confusing. Doing so requires learning a new language full of acronyms and terminology that might be shocking to the untrained eye. Here are 20 terms you should familiarize yourself with before investing in Cryptocurrency. What is crypto? Cryptocurrency: A type of digital currency that’s decentralized and digital. Cryptocurrency can be bought, sold, used as currency, or stored as an investment. Decentralization: The concept of distributing power away from a central point and an aspect of cryptocurrency. Decentralized Finance (Defi): Financial activities conducted without an intermediary (bank, government, or other financial institution). Coin: A representative store of digital value that lives on a blockchain or cryptocurrency network (exchange). Blockchain: According to NextAdvisor, “a blockchain is a digital form of record-keeping and the underlying technology behind cryptocurrencies. A blockchain is the result of [...]