Cryptocurrency Basics Archives - Page 5 of 9

Cryptocurrency is a general name referring to all encrypted decentralized digital currencies like Bitcoin.

Cryptocurrency uses cryptography to create coins and secure transactions. Typically cryptocurrencies are open source with pubic, but encrypted, ledgers of all transactions based on blockchain technology.

There are a number of cryptocurrencies traded on cryptocurrency exchanges, and the growing popularity of cryptocurrency means that despite volatile prices, market caps and values are growing every year.

Popular cryptocurrencies include the original Bitcoin, Ethereum’s Ether, and Litecoin.

Cryptocurrency is legal and taxable in the US, but it isn’t legal tender (you can’t pay your taxes in Bitcoin, it is considered investment property). With that said, due to its infancy and history so far, cryptocurrencies should be invested in and used with their historical volatility in mind.

Click on any of the pages below to learn more about cryptocurrency.

TIP: If you are new to cryptocurrency, check out our guide to cryptocurrency for beginners.

How to Buy Bitcoin and Other Cryptocurrencies (Simple)

The simplest way to buy Bitcoin is to use Coinbase. From there you have a few options for buying other cryptocurrencies.

What are Sats?

“Sats” is short for Satoshis, the smallest unit of Bitcoin (BTC). One Satoshi (sat) is equal to 0.00000001 BTC (one hundred millionth of a Bitcoin).

What is 0x (Zero-ex)?

0x (Zero-ex) is the name of a cryptocurrency platform. The platform has a native token called ZRX. The platform is an “open protocol for decentralized exchange on the Ethereum blockchain.” The token allows one to have a say in protocol upgrades.

Cryptocurrency Investing Starter Kit

Here is a list of everything you need to get started trading and investing in cryptocurrency along with specific suggestions on products for beginners. In other words, here is a cryptocurrency investing starter kit.

What is a Stable Coin?

“Stable coin” is a term used in cryptocurrency to describe cryptocurrencies meant to hold stable values. For example, Tether (USDT) is a blockchain based asset meant to trade for $1 USD. It is a “price-stable cryptocurrency.”

Cryptocurrency For Beginners

Here is a guide to cryptocurrency for beginners. We offer simple answers to questions like what is cryptocurrency, how does it work, what is Bitcoin, what is blockchain, how do I buy cryptocurrency, etc.

Ask Me Anything About Cryptocurrency

On this page I’ll answer questions new cryptocurrency users, investors, and traders have about cryptocurrencies (like Bitcoin BTC, Ripple XRP, and Ethereum ETH).

Facts About Satoshi Nakamoto

People know the name Satoshi Nakamoto, the person or group who created Bitcoin. However, there is a lot people don’t know. Here is a list of interesting Satoshi Nakamoto facts.

The Basics of Bot Trading in Cryptocurrency

We explain cryptocurrency trading bots and bot trading. The goal will be to give you an introduction to automated crypto trading.

A Guide to Holding Crypto – What it Means to “HODL”

The term “HODL,” a misspelling of “hold” from a 2013 Bitcointalk forum post that became a Bitcoin / cryptocurrency meme.

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