The mistakes to avoid when buying cryptocurrency in 2022

The mistakes to avoid when buying cryptocurrency in 2022

Cryptocurrencies – a kind of online money – have continued their march into the mainstream over recent years with the stock exchange listings of American brokers Coinbase and Robinhood, and adoption by mainstream investors and even countries, such as El Salvador . Investors have made huge sums by throwing their cash behind new digital currencies , but their volatile nature means savers can just as easily lose their money. The first cryptocurrency was Bitcoin , which was created in 2009 and is still the best known . There has been a proliferation of cryptocurrencies in the past decade and there are now thousands available on the internet, but Bitcoin remains the most well known. Ethereum, Dogecoin, Ripple and Litecoin are some of its most prominent rivals. These digital currencies are associated with cryptography , the process of converting legible information into an almost uncrackable code, to track purchases and transfers. Cryptography was born out of the need for secure communication, but it has evolved in the digital era with elements of mathematical theory and computer science to become a way to secure communications, information and money online. Here is everything you need to know about cryptocurrencies. How do cryptocurrencies work?