Frequently asked questions(FAQ)
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security and operates on a decentralized network called blockchain. Unlike traditional currencies issued by governments, cryptocurrencies are not controlled by any central authority, such as a central bank. Examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
Decentralization: Cryptocurrencies operate on decentralized networks, meaning they are not controlled by any single authority like a government or central bank. This can lead to increased transparency and reduced risk of manipulation.
Security: Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units. This enhances security and reduces the risk of fraud or identity theft.
Lower transaction fees: Transactions involving cryptocurrencies often have lower fees compared to traditional financial systems, especially for international transfers.
Accessibility: Cryptocurrencies can be accessed and used by anyone with an internet connection, providing financial services to individuals who may not have access to traditional banking systems.
Borderless nature: Cryptocurrencies can be sent and received across borders without the need for currency conversion or intermediaries, making international transactions faster and more efficient.
Potential for innovation: The underlying technology of cryptocurrencies, blockchain, has the potential to revolutionize various industries beyond finance, including supply chain management, healthcare, and voting systems.
Financial sovereignty: Cryptocurrencies give individuals more control over their own finances, as they are not subject to the same restrictions and regulations as traditional currencies.
We do not offer free trials. If you purchase and complete your training without positive financial results, you are eligible for reimbursement per our refund policy.
All we ask is that if you do encounter a roadblock, please reach out to our support team so that we can provide assistance ?.
All customers receive access to start-up guides, documentation, community forums, and help desk via the email Support system. Please see our Support Policy for additional details.
We offer 24/5 support primarily via forums and email, which we have found to be the most efficient means for both our customers and our support staff.
Blockchain is a decentralized, distributed ledger technology that underpins cryptocurrencies. It records transactions across multiple computers in a way that is transparent, secure, and tamper-resistant. Each block in the chain contains a list of transactions, and once added, it cannot be altered retroactively without altering all subsequent blocks.
The legal status of cryptocurrencies varies from country to country. While some countries have embraced cryptocurrencies and regulated them as assets or commodities, others have imposed restrictions or outright bans. It’s essential to research and understand the legal landscape in your jurisdiction before buying or using cryptocurrencies.
You can buy cryptocurrency from online exchanges, where you can exchange traditional currency (such as USD or EUR) for cryptocurrencies like Bitcoin or Ethereum. You’ll need to create an account on a trusted exchange, verify your identity, and then deposit funds to start buying.
A cryptocurrency wallet is a digital tool used to store, send, and receive cryptocurrencies. Wallets come in various forms, including software wallets (which can be desktop, mobile, or web-based), hardware wallets (physical devices that store cryptocurrency offline), and paper wallets (which store cryptocurrency keys on paper). Each wallet has its own unique public and private keys for secure transactions.
Bitcoin was the first cryptocurrency and remains the most well-known and widely used. Altcoins, or alternative cryptocurrencies, refer to any cryptocurrency other than Bitcoin. Altcoins may offer different features, use cases, or technologies compared to Bitcoin. Examples of altcoins include Ethereum, Ripple, Litecoin, and many others.