All cryptocurrencies are decentralized, making them more efficient than the traditional financial system. Unlike banks, cryptocurrency has no overhead costs, expensive fees associated with international transactions, and finite supply or inflation. Bitcoin is the largest cryptocurrency and has not stopped climbing since it was first introduced in 2008 Ethereum is the second-largest cryptocurrency. Its blockchain has been used by developers to create smart contracts that serve as alternatives to traditional banking functions.
Buying cryptocurrencies via an exchange involves creating an exchange account, purchasing the coins yourself, and storing the cryptocurrency in your wallet until it’s time to sell. Demand and supply drive the cryptocurrency market.
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