What Is crypto

1. short for cryptocurrency."the software gathers the fluctuations of the market and prices of all the cryptos"
2. short for cryptography.
3. a person having a secret allegiance to a political creed, especially communism.

What exactly does crypto do?

Cryptocurrencies get their name from the cryptographic techniques that that enable people to buy, sell or trade them securely. Unlike traditional fiat currencies controlled by national governments, cryptocurrencies can circulate without a monetary authority such as a central bank.

Is crypto real money?

Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger.

What is an example of crypto?

Bitcoin (BTC)\n\n One of the most commonly known currencies, Bitcoin is considered an original cryptocurrency. It was created in 2009 as an open-source software.

Is crypto safe?

Investing in crypto can be safe, so long as you follow best practices for keeping your holdings secure. It's important to remember that no investment is guaranteed, however. Crypto can certainly lose value — just as we've seen with stocks and real estate in the past.