Cryptocurrency, in plain English.
What cryptocurrency is, how it works, the coins-vs-tokens distinction, and how people buy, sell, and think about volatility.
For: New to crypto · Buying or storing crypto
What is cryptocurrency?
Cryptocurrency is digital money recorded on a blockchain — a shared ledger maintained by many computers rather than a si…
How does cryptocurrency work?
Cryptocurrencies work by recording transactions on a blockchain that a network of computers maintains and agrees on. You…
What is the difference between coins and tokens?
A coin is the native asset of its own blockchain and is used to pay that network's fees. A token is built on top of an e…
How do I buy cryptocurrency?
Most people buy through a regulated exchange: create an account, verify identity, add funds, and place an order. You the…
How do I sell or cash out cryptocurrency?
To cash out, you typically sell on an exchange for your local currency, then withdraw that to your bank. If your crypto …
Why is cryptocurrency volatile?
Most cryptocurrencies have prices set entirely by supply and demand in open markets, with no central stabilizer. That, p…