Buy cryptocurrency: All you need to know about cryptocurrency

What are cryptocurrencies?

In an era when the usual cash transactions were reduced to be replaced by electronic commerce and payments, the so-called encrypted currency or encrypted assets appeared, which despite the doubts that hovered around it in its infancy - being virtual/electronic - but it was welcomed and increasingly accepted and demanded, which raised the prices of digital currencies to record levels.

It was impossible to imagine access to it, and even made its way to international financial transactions and became the focus of curiosity and interest from everyone, in this article we will shed light on it to demonstrate the concept of digital currencies and how to deal with them.

How to buy cryptocurrency

A cryptocurrency is a form of payment that can be exchanged online for goods and services, as many companies have issued their own currencies, which are often called token names, and can be traded specifically for the good or service offered by the company.

Cryptocurrencies also work using a technology called Blockchain, which is a decentralized technology spread across many computers that manage and record transactions. Perhaps part of the appeal of this technology is its security, but how do you buy or store cryptocurrencies?

According to nerdwallet, while some cryptocurrencies, including Bitcoin, are available for purchase in US dollars, others require you to pay using Bitcoin or another currency.


Also, to buy cryptocurrencies, you will need a “wallet”, an online application that can hold your currency, in general, you create an account on the exchange, after which you can transfer real money to buy cryptocurrencies such as Bitcoin or Ethereum.
Coinbase is also one of the popular cryptocurrency trading platforms where you can create a wallet and buy and sell cryptocurrencies.


As for how to store cryptocurrency, you have a few different options. With your “regular” money, you can store it in a bank and spend it digitally through bank transfer or PayPal, or you can use a card as debit or credit card to spend the money, and of course, you can also store cash in your wallet and spend it from there.

You can use a software-based wallet on your desktop or online wallets that you can access from anywhere, and mobile wallets allow you to transfer and spend cryptocurrencies from your phone.


Another option is a hardware wallet, which is a USB device that electronically stores your crypto keys.


Some outlets also offer paper wallet services, which are similar to cash, with this, you will have a piece of paper with two QR codes on it, one for how you receive the cryptocurrency and the other for how you spend it.

Cryptocurrency stocks

Crypto stocks are a digital version of traditional stocks that can be traded anywhere and anytime around the world.

Token stocks can be considered as a bridge between cryptocurrency and Wall Street where you can trade traditional stocks with cryptocurrencies.

This crypto stock market is still in its infancy stage with cryptocurrency exchange FTX being the biggest player in daily trading volume.

  Popular stocks like Tesla, Nvidia, Google, AMZN, etc. can be traded on these 24/7 open platforms.

New Cryptocurrency

• According to CoinDesk's statements, a new cryptocurrency, "Shiba Inu", rose 23.24% to $0.000028.

• The Shiba Inu, symbolized by SHIB, is a cryptocurrency that was originally launched for fun and ridicule before people took it seriously, and its course is on the rise.
• The coin was launched about a year ago in China.

•   Digital currency gained great popularity in the world of digital currencies in 2021, as it benefited from the leap achieved by the “Dogecoin” currency.

• Some experts have rated it as one of the best digital currencies to invest in this year.

Golden event tip

• In our last article, we said that everything has its pros and cons in the world of investment, especially in cryptocurrencies, where the best appropriate choice must be made from the beginning.

• Since dealing with encrypted digital currencies needs to know the appropriate environment, for example, do you want to buy cryptocurrencies?  Or you want to invest or imminent you have several tips:

1. Risk small amounts in the beginning.
2. Knowing the market situation around you is mining or investing is beneficial to you.
3. Stay away from the factors of frustration and inaction.
4. Motivate yourself and don't listen to guys who don't want you to know the best.