Cryptocurrency is a type of digital currency that generally only exists electronically. There is no physical coin or bill unless you use a service that allows you to cash in cryptocurrency for a physicaltoken. You usually exchange cryptocurrency with someone online, with your phone or computer, without using an intermediary like a bank. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrency brands, and new ones are continuously being created. People use cryptocurrency for quick payments, to avoid transaction fees charged by regular banks, or because it offers some anonymity. Others hold the cryptocurrency as an investment, waiting for the value to goes up.
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Cryptocurrency is a type of digital currency that generally only exists electronically. There is no physical coin or bill unless you use a service that allows you to cash in cryptocurrency for a physicaltoken. You usually exchange cryptocurrency with someone online, with your phone or computer, without using an intermediary like a bank. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrency brands, and new ones are continuously being created. People use cryptocurrency for quick payments, to avoid transaction fees charged by regular banks, or because it offers some anonymity. Others hold the cryptocurrency as an investment, waiting for the value to goes up.