The Basics

Cryptocurrency(or crypto) is an easy-access, borderless form of money. Think of it as digital cash in your hand, accessed through your phone or computer.

It’s as easy to access as email and just as simple and fast to send. You also have twenty-four-hour access to your crypto funds. Remember--banks have office hours, but the internet doesn’t.

Fees and Access

Sending cryptocurrency can be free, or low cost. On average, Bitcoin trades cost between five and 13 cents(USD). Fees are the same no matter how much or how little you send.

Cryptocurrency is also easy to manage. You can create as many digital wallets as you want, and each wallet can hold as much or as little money as you want.

Future Market

Naysayers call cryptocurrency a trend, a scam, and a get-rich-quick scheme. The truth is, crypto is growing. It's based on easy-access open-source technology. It has a current market value of over one trillion US dollars.

This means that cryptocurrency is still a valuable, developing idea. A global community is refining and building it in real-time. Think of it as an appreciating asset--a nice piece of property that you plan to build your digital dream house on.

Crypto is a good investment. It's new now, but will only gain value and become more useful in the future.

Types of Cryptocurrency

CryptoNomad trades and recommends the following types of cryptocurrency:

Bitcoin

The OG cryptocurrency, setting the standard for the global market.
Over a decade old, survivor of bull and bear markets, media hype, and trend followers.
Has a strong network of over ten thousand bitcoin nodes in 110 countries.

Litecoin

A quick, smooth crypto that improves on the original Bitcoin technology.
Fast and cost-effective.

Firo

An ultra-private type of crypto that requires a little more effort to use, but is as anonymous as cash.
Sets the privacy standard in the world of cryptocurrency

CryptoNomad

What Is Cryptocurrency?