According to Wikipedia, - "A cryptocurrency or crypto currency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
Bitcoincreated inwas the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies have been created.
These are frequently called altcoins, as a blend of alternative coin. This is a personal question.
You have to decide if the risk outweighs the reward, as this is a very volatile market. You have the chance to make a lot of money but can just as easily lose it all.
So, keeping that in mind, never risk any more than you are prepared to lose. Below is a poll I did in late Januaryand as you can see below the majority of people have made money, and that is encouraging.
That is one downside How do I know which coins are good? Here are some brief resources to get you started on researching coins - 2 How do I get started? Step 1 - Deposit Funds To get started you will need to deposit funds and then transfer them to an exchange.
There several choices for which exchange you can use, and I will list them penny stock crypto for you to check out. Below is a very interesting thread where people are discussing which exchanges they like.