I'm wondering if crypto trading actually involves real money. Is it like trading stocks where you use fiat currency, or is it just a virtual exchange of digital assets that don't have a direct correlation to real-world currency?
Cryptocurrency operates within a decentralized peer-to-peer system, allowing individuals worldwide to seamlessly conduct financial transactions.
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EleonoraSat Oct 19 2024
Unlike traditional currency, which is tangible and exchanged physically, cryptocurrency exists solely as digital information recorded within an online database.
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TommasoSat Oct 19 2024
These digital entries represent specific transactions, where one party sends a designated amount of cryptocurrency to another.
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LuciaSat Oct 19 2024
The process eliminates the need for intermediaries, such as banks or financial institutions, making transactions faster, cheaper, and more accessible.
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MariaFri Oct 18 2024
The online database that holds these transactions, known as the blockchain, ensures security and transparency by recording every transaction in a chronological and Immutable manner.