Cryptocurrency in Six Steps
Web3Cryptos.com explains cryptocurrencies from the ground up: what they are, how they work and how to hold them safely.
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Digital money recorded on a blockchain. No bank keeps the ledger; a network of computers does.
Cryptocurrency
A coin runs on its own blockchain, like bitcoin. A token is issued on an existing blockchain, like the many tokens on Ethereum.
Token
Prices are set by trading between buyers and sellers. Supply, demand, news and sentiment all move them.
Market price
Your private key proves ownership. Lose it and the funds are gone; share it and they can be taken.
Private key
Most people buy through a regulated exchange with a bank card or transfer, then move holdings to a wallet they control.
On-ramp
Prices can fall sharply, projects can fail and scams are common. Only put in what you can afford to lose.
Risk
Educational only, not financial advice. Crypto prices move fast and you can lose what you put in. Some links are affiliate links; we may earn a commission at no cost to you.