Cryptocurrency is a kind of digital currency, accounting for the internal units of account of which is provided by a decentralized payment system operating in a fully automatic mode. The cryptocurrency itself does not have any special material or electronic form – it is just a number indicating the amount of these units of account, which is recorded in the corresponding position of the information package of the data transfer protocol and often is not even encrypted, like all other information about transactions between system addresses.
The field of digital money is full of words and nuances that are not always clear even to experienced traders. To fully understand this area and be a true specialist, you need to understand all the terminology and possible operations with cryptocurrency.
Possibility to buy cryptocurrencies with debit and credit cards
Many services that buy and sell cryptocurrencies using a debit or credit card, they usually work on the same principle. We will describe a standard type of transaction for the purchase or sale of cryptocurrency, which can be followed by any person interested in this.
You have the option to buy cryptocurrency with debit or credit cards, including prepaid cards. One of the services that provide this service, and also can teach you how to do it right, is BitcoinBuy101.com.
Consider the types of cryptocurrency
First, let’s talk a little more about the types of cryptocurrencies and their appearance.
· Altcoin is a term that describes all digital assets that are alternatives to bitcoin. The first altcoins appeared in…