The cryptocurrency was unknown to many when it first appeared on the global financial platform.
Cryptocurrency is the hot buzzword of the financial market these days. But do you know what cryptocurrency is? You may have heard people talking about Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and more. They are cryptocurrencies, and they are trending worldwide. But the real question is: is it good to invest in cryptocurrency? The cryptocurrency was unknown to many when it first appeared on the global financial platform. But cryptocurrency has come a long way, and many global leaders label it as the best alternative to fiat or traditional currency. So, let us find out whether investing in cryptocurrency is safe or risky. Understanding Cryptocurrency Cryptocurrency is a digital currency that you can use as an investment or for online purchases. You can exchange real currency, like US dollars, to buy a certain kind of cryptocurrency. The transactions of cryptocurrency are recorded online on a public distributed ledger called a blockchain. Based on cryptogra...