Cryptocurrency is going mainstream making it increasingly difficult for investors to ignore. The most popular cryptocurrency, Bitcoin, has had volatile price moves this year, 2021, reaching nearly $65,000 in April 2021 before losing nearly half its value in May 2021.
Cryptocurrency or crypto is a digital currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions, as well as to control the creation of new units of a particular cryptocurrency.
This post details everything you need to know about Cryptocurrency, explained with videos
What is Cryptocurrency?
Cryptocurrency has taken over the entire internet like a flood, and everyday more and more people are adopting it. What exactly is Cryptocurrency?
Types of Cryptocurrency
From Bitcoin and Dogecoin being used as an exchange of value, and stable coins like USDC backed by the USD, learn the 5 types of Cryptocurrencies and their functions here.
Should you invest in Crypto?
There are many reasons you should consider investing in Crypto, learn them here:
Cryptocurrency Investing mistakes you should avoid
Crypto FOMO ( Fear Of Missing Out) is definitely a mistake that most people make, where they buy or sell Bitcoin driven by emotions rather than valuation.
Risks of Cryptocurrency Investing
Investing in cryptocurrency involves investing and operational risks. One of the risks I find most challenging is losing your wallet passwords! Bitcoins worth billions have been lost this way. The Cova Vault helps to mitigate this risk, as it helps to safely sure your wallet passwords.
Have you imagined being able to track all your digital and traditional assets in one place and track your net worth in real-time? Get Cova.