Cryptocurrency is digital money that operates over the internet without needing banks or governments. It runs on blockchain technology, a decentralised digital ledger that records transactions securely and transparently. Bitcoin, launched in 2008, was the first cryptocurrency and remains the most popular. Since then, other cryptocurrencies like Ethereum have emerged, using blockchain to enable smart contracts and decentralised applications, expanding the possibilities beyond traditional money.
Some of the biggest cryptocurrencies by market value include Bitcoin, Ethereum, Tether, and Solana. Others, like Tezos, EOS, and ZCash, serve different purposes. While some work like Bitcoin, others use different technology or offer extra features.
There are thousands of cryptocurrencies, but here are some of the most well-known:
Launched in 2009, Bitcoin was the first cryptocurrency and is still the most widely traded. It was created by Satoshi Nakamoto, a name used by an unknown person or group.
Introduced in 2015, Ethereum is more than just a digital currency. It’s a blockchain platform that powers smart contracts and decentralised apps, with Ether (ETH) as its native token.
Similar to Bitcoin but faster, Litecoin offers quicker transactions and supports more transactions per second.
Ripple isn’t just for cryptocurrency – it’s a system for tracking all kinds of financial transactions. Launched in 2012, it has been adopted by banks and financial institutions worldwide.
A stablecoin created in 2014, Tether is tied to the US dollar, offering stability in the often unpredictable crypto market. It’s widely used for trading.
Released in 2017, Binance Coin is the native token of the Binance exchange. It lowers trading fees and is used across the Binance ecosystem.
Built for speed, Solana launched in 2017 with a high-performance blockchain that keeps fees low and transactions fast using a mix of proof-of-history (PoH) and proof-of-stake (PoS) technology.
SHIB started as a meme but has built a strong community. Unlike Dogecoin, it’s part of a growing Shiba ecosystem, which includes decentralised finance (DeFi) projects and NFT marketplaces.
Created in 2018 by Circle, USDC is a stablecoin backed 1:1 by the US dollar, offering a secure way to hold digital money.
Born in 2013 as a joke, Dogecoin quickly became a favourite. Thanks to viral support from figures like Elon Musk, it’s often used for tipping content creators and donations.
Launched in 2017, Cardano takes a scientific approach to blockchain. Its proof-of-stake system, Ouroboros, aims to make transactions more secure, scalable, and energy-efficient.
In the USA, buying cryptocurrency is easier than ever, thanks to regulated exchanges and secure platforms. Here are some of the best places to buy crypto safely:
These platforms make it simple to buy, sell, and trade cryptocurrencies with USD deposits via bank transfers, debit cards, or even PayPal. Some of the top regulated exchanges in the US include:
P2P exchanges let users buy and sell directly from each other using various payment methods, including bank transfers and gift cards. Popular options include:
Crypto ATMs let you buy Bitcoin and other cryptocurrencies using cash or debit cards. Locations can be found in major cities across the US using sites like CoinATMRadar.
Some mainstream financial platforms now support crypto trading, including:
For users who prefer direct control over their funds, DEXs allow crypto swaps without a central authority. Popular choices include:
Before buying crypto, always check for fees, security features, and whether the platform complies with US regulations.
Cryptocurrencies use encryption to secure transactions and control the creation of new coins. To store and manage them, you need a crypto wallet. These wallets come as software (cloud-based or app-based) or hardware devices, storing your unique keys that confirm your identity and link to your funds.
With so many cryptocurrencies available, it’s crucial to stay informed and understand what makes each one unique before investing or using them.
Investing in cryptocurrencies can seem complicated, but the right information makes all the difference. Understanding how it all works helps you make better choices. That’s where CoinFunds comes in. It keeps you updated with the latest insights on crypto and mutual funds, so you always have the knowledge to stay ahead. Stay informed, stay smart!