Cryptocurrency is digital money that only exists online and functions independently of traditional banks or governments. Unlike regular currencies, cryptocurrencies use blockchain technology, which is a secure digital ledger that records all transactions across a network of computers. This makes transactions transparent and very difficult to counterfeit or manipulate.
Popular cryptocurrencies like Bitcoin and Ethereum have gained value because people trust them as stores of value or means of exchange. Bitcoin, for example, is often called "digital gold" because many investors use it to diversify their portfolios, similar to how they might invest in precious metals. The value of cryptocurrencies can fluctuate significantly based on market demand, adoption, and investor sentiment. On Mintos, you invest in crypto through ETPs rather than buying cryptocurrencies directly.