Cryptocurrencies are virtual money. They are based on the technique of data encryption (cryptography), which is used to verify transactions and create new units, called coins.

How can I buy cryptocurrencies?

Cryptocurrencies can be purchased with traditional money. Some of them can also be extracted (so-called mining). The second way requires specialized equipment, skills and time. Mining in this case is hardware solving of complex math problems.

How are cryptocurrencies stored?

Advanced technologies on which cryptocurrencies are based make the theft of funds or hacker attacks on private wallets very difficult to carry out. The purchased or mined cryptocurrency is stored in cyber wallets secured with keys – randomly generated sequences of characters and numbers.

Other storage methods.

There are also companies that store private collections of cryptocurrencies, keys or offline wallets – printed in paper version. Of the two types of keys, one is used to secure capital, the other is made available during the transaction.