{"id":40387,"date":"2021-03-01T15:29:40","date_gmt":"2021-03-01T19:29:40","guid":{"rendered":"https:\/\/www.andysowards.com\/blog\/?p=40387"},"modified":"2021-03-01T15:29:43","modified_gmt":"2021-03-01T19:29:43","slug":"confused-about-cryptocurrency-here-are-some-facts-you-should-know","status":"publish","type":"post","link":"https:\/\/www.andysowards.com\/blog\/2021\/confused-about-cryptocurrency-here-are-some-facts-you-should-know\/","title":{"rendered":"Confused About Cryptocurrency? Here Are Some Facts You Should Know"},"content":{"rendered":"\n

Cryptocurrency is nothing new at this point, but it remains a mystery to so many people who aren\u2019t actively involved in it. Is it cash? Is it tangible? Can you lose it? How does it compare to actual money? <\/p>\n\n\n\n

If you\u2019ve been interested in cryptocurrency but you aren\u2019t sure about the basics, you\u2019re not alone. <\/p>\n\n\n\n

Thankfully, it doesn\u2019t have to be as complicated as you might think. Whether you want to learn about investing with crypto or learn more about cryptocurrency exchange with low fees<\/a> when you\u2019re traveling abroad, you can!\u00a0<\/p>\n\n\n\n

Let\u2019s dive into a few basic facts about cryptocurrency so you can feel more confident talking about it and investing with it. <\/p>\n\n\n\n

There Are More Than You Think<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
How Does Cryptocurrency Work?<\/figcaption><\/figure>\n\n\n\n

When most people think about cryptocurrency, Bitcoin comes to mind. It remains the \u201cking\u201d of crypto, but there are actually over 4,000 cryptocurrencies<\/a> out there today. You can become an investor in one of these virtual currencies easily.\u00a0\u00a0<\/p>\n\n\n\n

If you do, however, understand that crypto is extremely volatile. It has no tangible financial backing, and you\u2019ll start to see it going up and down in leaps and bounds throughout the day. If you\u2019re new to trading and looking for something different, cryptocurrency is a great option<\/a>. But, it\u2019s important to understand how it operates within the stock market.\u00a0<\/p>\n\n\n\n

It is Decentralized Money<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
How to Buy Bitcoins?<\/figcaption><\/figure>\n\n\n\n

The government controls most of your money, no matter which country you live in. One of the reasons so many people are hesitant about cryptocurrency is that it isn\u2019t federally-controlled. It\u2019s managed by private encrypted databases. They are called blockchains, and they\u2019re the bread and butter of the cryptocurrency market. <\/p>\n\n\n\n

Blockchains help to create digital records of cryptocurrency, keeping everything organized, almost like uploading that information into the \u2018cloud\u2019. <\/p>\n\n\n\n

What Can You Use Cryptocurrency For?<\/strong><\/h2>\n\n\n\n
\"\"<\/a>
4 Ways Besides Payment Processing Bitcoin Can Help Your Business Grow<\/figcaption><\/figure>\n\n\n\n

So, if crypto is \u201conly\u201d a form of \u201cdigital money\u201d, how can you actually make tangible money with it? What is it used for, and how have so many people found financial success with it? <\/p>\n\n\n\n

There are several ways to \u201cuse\u201d it once you\u2019ve collected it. For example, if you decided to invest in crypto and you made a profit, you can use it as you would \u201cregular\u201d money in a variety of ways. Some online retailers allow you to pay with Bitcoin \u2013 you simply need to link your account. You\u2019ll enter the number of Bitcoin you want to pay with, and the retailer will take that out of your account as though you just paid with cash or a credit card. <\/p>\n\n\n\n

Additionally, you can transfer your cryptocurrency to a debit card. Many major credit card companies will accept cryptocurrency, so once you load it onto a card, you can use it just like normal money if you have to buy something in-person. Simply put, having cryptocurrency is like having a digital wallet. Not every company is on board with Bitcoin and the like just yet, but be patient. If you like going the digital route, do your research when it comes to crypto. Now could be the perfect time to make a solid investment in something different.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency is nothing new at this point, but it remains a mystery to so many people who aren\u2019t actively involved in it. Is it cash? Is it tangible? Can you<\/p>\n","protected":false},"author":1,"featured_media":40390,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[5695,7232,1],"tags":[6774,13597,8896,8503,8293,276,8599,6775,9358,988,6872,6908,5969,10443,118,6472,5492],"yoast_head":"\nConfused About Cryptocurrency? Here Are Some Facts You Should Know<\/title>\n<meta name=\"description\" content=\"Cryptocurrency is nothing new at this point, but it remains a mystery to so many people who aren\u2019t actively involved in it. Is it cash? 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