What is cryptocurrency and how does it work? 

Cryptocurrency is a digital currency which is based on blockchain technology and does not rely on any central authority like banks, governments, etc.

1

Mining

Cryptocurrencies are created through the mining process. It is a very complex process in which miners have to solve complicated mathematical puzzles by using computer power.

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2

Buying and selling of cryptocurrency

If the users want to buy cryptocurrency, then they can buy it from brokers, online exchanges, and also directly from the currency holders. 

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3

Store Cryptocurrency

After buying, the user can store their cryptocurrency in a digital wallet. Remember that digital wallets can be hot, cold, custodial, or physical wallets.

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4

Transactions and Investing in Cryptocurrency

You can transfer cryptocurrencies from one digital wallet to another.

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