What is cryptocurrency and how can it be obtained?

Today, cryptocurrency is known all over the world and it is actively developing. E-money is getting a lot of attention, but even now not everyone is aware of what it is and how it works.

Features of

It must be said that the main reason for its popularity is that it is decentralized. At the moment, the digital currency is not serviced by any central bank, and it operates in a decentralised way online. Whereas in a financial institution, it is the bank that directly oversees the transactions, in the case of digital currency, it is the ordinary users of the network.

Of course, the speed of transactions is also seen as an added advantage. If you have ever had to deal with bank transfers through a bank, you probably know that it is not an easy process, and in some cases takes several days. For DV, the transfer is almost instantaneous, with confirmation of the transfer taking place within a couple of minutes.

An additional advantage is the almost zero transaction cost. In the case of banks, there is a certain commission, in some cases even a few percent of the total amount, whereas with CVs there is often no fee.

And while many financial institutions used to be sceptical about cryptocurrencies, today they are gradually beginning to use them.

And another plus of this currency is that it is completely anonymous, there is no need for tethering as with a card.

But on the other hand there is a disadvantage, which is the irreversibility of the transfer. The transaction is one-way and there is no way to get it back.

How to get digital currency

Like any other currency, digital currency can always be purchased. To do this, there are different exchanges on the Internet. That is, the user is able to exchange a simple currency for a digital one.  The process is very simple:

1. The transfer of the card to the account of the exchange.
2. Purchase.
3. Withdrawal to your own e-wallet.

There are other methods, but it all depends on the exchange.

It is worth noting that this scheme only works with Bitcoin, the other digital currencies are not so popular and it is more difficult to buy for dollars or other currency directly.

That is, bitcoin is still used for the purchase, which is exchanged for the desired digital currency. This function is also available on specialized exchanges, of which there are a lot on the network.  That is, having purchased the required amount of bitcoin can make the next transaction. The advantage is that there is often no commission and the user does not lose anything.

Well, another method of obtaining digital currency is mining, which requires the purchase of special equipment and serious power. So you need to be prepared for the fact that you will need a lot of electrical power, hence the bill will be quite large.