Understanding crypto

Cryptocurrency is a virtual currency created by cryptography. Cryptographic techniques enable people to buy, sell and trade securely through a decentralized network that works through blockchain technology. Some people exchange crypto for goods and services, but the investment is their most prominent use. Blockchain is a digital record-keeping system, open and available to the public to view and participate.

Bitcoin is the most popular cryptocurrency, with an all-time high price of $65,000. Exchange rates are constantly changing because they represent the average buy and sell prices of the past 24 hours. As the price fluctuates, so does the value of your crypto. Any other currency that is not bitcoin is called an altcoin. On our Monibyte app, we offer Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.