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What is cryptocurrency? And how do you invest in it?
– moneysense.ca
Time will tell if crypto is the way of the future, but as more investors, companies and countries start taking it seriously, now is a good time to learn about this new asset class—and the investing opportunities it represents.
Here’s your essential guide to cryptocurrency, and what to look for if you’re thinking about investing.
What is cryptocurrency?
Cryptocurrency is a form of currency that exists digitally, or virtually. Individual units of cryptocurrency are referred to as coins or tokens.
The world’s first cryptocurrency, bitcoin, was created to facilitate peer-to-peer digital payments—meaning money transfers without the involvement of a central authority or other intermediaries, such as banks or credit unions…
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