What is Cryptocurrency?
Cryptocurrency also known as virtual, digital or alternative currency is a digital asset that until 2009, was pretty much unknown or unheard of to the masses. Using a process called Cryptography, Crytpo money is accessible to anyone and is an alternative way for people to buy and sell goods and services online with no government or bank interference. Users rely on a decentralized peer-to-peer network called Blockchain with complete anonymity and its increasing popularity among businesses, wall street investors, and the everyday Joe, and with over 900 different coins, there is plenty to choose from.
Many people invest in digital currencies because they believe in the technology behind the coin, others are attracted by its decentralized nature allowing anyone with access to the internet to buy and sell Crypto coins without the need to go through traditional players such as banks and governments, but almost everyone buys cryptocurrencies because they believe that the value of their coin will increase over time and they can buy low and sell high.
For example, if you invested $100 in Bitcoin in 2010 at a rate of 0.003 per Bitcoin, that $100 would today be worth a ton of money. Back then, however, not a lot of people really thought much of Cryptocurrencies and by the time it was available to be traded on an exchange in 2013, the price per Bitcoin was at about $113.35. Fast forward to 2017, the price per bitcoin hit a record $4928.03 per Bitcoin, making a lot of people who got in early, very happy.
So how do you sell/buy Cryptocurrencies?
There are a number of Crypro specific platforms such as Kraken, Bittrex, Poloniex, and Coinbase which allow you to buy and sell digital coins. I have also noticed some of the traditional trading brokers are allowing Cryptocurrency trading on the platforms. Wherever you choose to go, it is important you read about their security features and are comfortable using them, so do your research and learn as much as you can before you go ahead and purchase coins.