Cryptocurrency is digital (or electronic) money. With crypto, any individual can prove they own digital money. They can also send this money to a recipient without working through an intermediary.
Cryptocurrencies distinguish themselves from traditional fiat currency in that they maintain their value and integrity by using cryptography rather than use of government force or legal action.
Crypto can be purchased, held, and used by anyone, anywhere in the world, so long as they have an internet connection.
The most popular cryptocurrency is Bitcoin, which enables the transfer of money between two accounts. However, other cryptocurrencies allow people to interact with an growing list of digital products and services.
This material is for informational purposes only and should not be construed as financial, legal, or tax advice. You should consult your own financial, legal, and tax advisors before engaging in any transaction. Information, including hypothetical projections of finances, may not take into account taxes, commissions, or other factors which may significantly affect potential outcomes. This material should not be considered an offer or recommendation to buy or sell a security. While information and sources are believed to be accurate, UNest does not guarantee the accuracy or completeness of any information or source provided herein and is under no obligation to update this information.
