What are cryptocurrencies?
Cryptocurrency is an encrypted, unregulated digital asset that is used as a counterpart to currency in exchange transactions. Cryptocurrency has no physical form, it exists only in the electronic network in the form of data. An exchange through a cryptocurrency happens in much the same way as an exchange of emails, hence a much shorter transaction processing time than through a bank, minimal commissions and the absence of an intermediary.
Accounting for a cryptocurrency is called a blockchain, and it is maintained collectively by all network participants who have this currency. Each cryptocurrency is programmed and identified using a complex code.
Is not the only cryptocurrency, but the first in history and the most popular. Unofficially, Bitcoin is already called "digital gold". An important aspect of cryptocurrency is the technology on which it is based. it is she who determines the safety of operations. With a sufficient number of participants, the turnover of operations in cryptocurrencies can reach billions of dollars, but so far, investors and ordinary users are just beginning to explore this niche.
In addition to Bitcoin, there is a whole group of so-called "altcoins" that are also actively growing. Among the leading altcoins are,, and.
Trading cryptocurrencies with AvaTrade
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How to trade cryptocurrency?
The most famous method is to register a Bitcoin wallet, buy cryptocurrency for regular currency and then exchange Bitcoin for altcoins on a specialized exchange.
So a trader can invest his funds in various digital assets, while being secure from digital data theft and hacker attacks.
AvaTrade offers a revolutionary new way to trade cryptocurrency: with a Contract for Difference / CFD (see "" section).