Buy and Sell cryptocurrencies in Seconds

A cryptocurrency is a digital currency whose functioning is regulated and controlled by software or programs running on thousands of computers or nodes that form a decentralised network. These nodes operate in such a way that they verify all operations carried out by the users of this currency. To achieve this, the software uses a series of advanced mathematical functions known as cryptography. It is through the use of cryptography that things like the ownership of the coins, their usage (sending and receiving payments), as well as their issuance and accounting are kept under strict and secure control.

The idea behind cryptocurrencies is that users move these digital coins within this network of nodes, using cryptography. This way, every movement is recorded in a distributed ledger that is stored within each node, in an immutable and secure manner.

The current number of cryptocurrencies on the market is immense. Since the arrival of this technology in the world with Bitcoin, several cryptocurrencies have emerged aiming to improve what Bitcoin accomplished. As a result, there are currently records of more than 8,200 distinct cryptocurrencies. Some of these cryptocurrencies have a significant presence in the world (e.g., Bitcoin or Ethereum), while others have passed as experiments or simply have not attracted people's attention.

A cryptocurrency wallet is a software or physical electronic device that you can use to receive, send, or store cryptocurrencies securely. Just as you have a wallet for physical money, or have a bank account, you can do the same with cryptocurrencies. A cryptocurrency wallet allows you to manage your cryptocurrencies by giving you the opportunity to send payments to other people (using their address or cryptocurrency account), receive payments in cryptocurrencies (by generating your addresses to receive them) or simply store them if you wish.

The creation of cryptocurrencies responds to the need to evolve the way we see and use money. All this while avoiding and correcting the vices in which the money we know today has fallen. In fact, the great impetus for the creation of Bitcoin (the first cryptocurrency) was the Great Recession of 2008, when it was shown to the world that the centralised model of money was against our well-being, our freedom, and economic security. To combat that centralised model, Bitcoin and cryptocurrencies were born, creating a currency that is not controlled by any government or any other person, that can circulate globally because it has no borders, that is secure, counterfeit-resistant, censorship-resistant, and whose value is not diluted by uncontrolled issuance.

Fiat money or fiduciary money is simply the money you have been handling up to this point. It is a type of money that is issued by a bank and that the government supports with the legalisation of that issuance. All those bills and coins issued are just a representation, a promise. That promise says: "This is worth so much money within the bank and the country that supports its issuance." However, the reality is that this money is not backed by anything; it is just a promise of value. A promise that has been broken many times, and continues to be broken every time more fiat money is issued without control.