F.A.Q.

Beginners Guide

  • What is cryptocurrency?

Cryptocurrency ‘coins’ are digital assets that act as a medium of exchange (currency.) They use decentralized technology that interacts with itself to achieve secure transfers and the creation of new currency, (thus preventing counterfeiting or illicitly generating tons of coins)

  • How do cryptocurrencies work?

 

  • What is Bitcoin?

Bitcoin (BTC) is the original. It’s also the most expensive, hovering around $11,000 a coin at January 25th, 2018. To put that in perspective, at the same time last year, one was worth $900, a decade ago, a couple dollars. The fairly sudden rise of Bitcoin value created the crypto craze and gave birth to hundreds of alt-coins with various improvements on the technology.

  • What are alt coins?

Alt coins are other cryptocurrencies beside Bitcoin, typically with differing, improved technology. They range from high value, very common coins like Ethereum (ETC) upon whose technology a lot of other coins are based, and Litecoin (LTC).

  • Which cryptocurrencies are the best?

That’s the big question. Only you can decide where to invest in this volatile and speculative market.

Here’s a list of popular (but by no means optimal) coins to look into: Ethereum, Bitcoin Cash, Litecoin, RippleEthereum ClassicZcashMoneroDashStellarQtumBitcoin GoldOmiseGoNEOLiskDogecoin

  • Are cryptocurrencies legal or taxable?

Cryptocurrencies

  • How do I trade?
  • Is it safe to invest and trade in cryptocurrencies?
  • How do I learn more about cryptocurrency?