WHAT IS CRYPTOCURRENCY ?

What is Cryptocurrency ? You've probably heard of Bitcoin. Yes, Bitcoin is one type of Cryptocurency. For now, the price of bitcoin has reached the figure of $57.155 USD. That is, bitcoin is the strongest currency in the world today.

Cryptocurrencies can be an alternative to investing. But, not all digital money has a high value. Therefore, not all digital money is offered. Only high-value digital money is used. The high score does not always last in the same number because the fluctuation of value is fairly fast.

Cryptocurrencies are digital currencies that go through the process of creating encryption techniques and are managed by peer to peer networks. There are currently hundreds of cryptocurrencies available and circulating around the world.

One of the advantages of cryptocurrencies is that they can be stored in tablets, smartphones or PCs, and apply worldwide. The shipping fee is free and can be done anywhere and anytime because the transaction is done online.

Cryptocurrency has been around since 2009 and is now becoming more popular, widespread, and causing a lot of controversy due to its massive development. To date there have been 900 types of cryptocurrencies or cryptocurrencies and the most famous is Bitcoin.

Because Bitcoin has also succeeded in encouraging the increase of other digital currencies. Unlike printed paper currencies, cryptocurrencies are created by solving mathematical problems based on cryptographic theory.

Bitcoin was the first cryptocurrency to be made public in 2009. The creator or creator is Satoshi Nakamoto. For its security, cryptography is the method used. Bitcoin storage is in the form of files inside a digital wallet or wallet.

Cryptocurrencies can be an alternative to investing. But, not all digital money has a high value. Therefore, not all digital money is offered. Only high-value digital money is used. The high score does not always last in the same number because the fluctuation of value is fairly fast.

You need to know, cryptocurrencies in circulation are not only bitcoin. Some types that panging widely used today are:

1. Bitcoin

2. Ethereum

3. Litecoin

4. New Economy Movement (NEM)

5. Basic Attention Token (BAT)

6. Binance Coin (BNB)

7. Vidycoin

8. NEO

9. EOS

10. Tron

Before investing in Cryptocurrencies, you should pay attention to the following important things:

• Ensure the legality of the Excange media that you will use. In Indonesia, make sure this Excange media has been registered in Bappebti such as Indodax, Tokocrypto, Rekeningku, Pintu and others.

• Learn what type of Cryptocurrency assets you will use. Like the list mentioned above. It is best to be careful in choosing the type of coin to be invested.

• Pay attention to the amount of Excange service fee. This is important because every Excange media has a service fee scheme at a time when users are going through purchase and withdrawal transactions.

• Pay attention to the completeness of the features on the Excange media you are using. Each type of Excange has features that can help users invest. Choose the feature that best suits you.

• Security. This is quite an important thing because this investment is fully digital-based and connected to the internet. For Indonesia, each Excange uses Two Factor Authenticator (2FA) security standard and confirmation via email and SMS.