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There are more places to “buy” cryptocurrencies popping up every day. Unfortunately, a number of these crypto exchanges aren’t actually selling crypto assets. Some, like Venmo, let you spend your coins with a handful of preapproved merchants. Others, like Robinhood, never let you spend or even transfer your coins. These kinds of exchanges force you…Read more

Non-fungible tokens, or NFTs, are unique, digital goods. In contrast, fungible assets, like cash, are assets that are interchangeable. Every $20 bill of the same currency is virtually identical. It doesn’t matter which $20 bill you have, because they all hold the same value. Non-fungible assets, like an original piece of art, are one-of-a-kind. There…Read more

Bitcoin is the first successful cryptocurrency. Like any currency, cryptocurrencies can be used to buy or sell goods and services. Unlike fiat currencies, like the US dollar (USD) and the euro (EUR), the Bitcoin network is both decentralized and digital. But what does that mean exactly? Digital Currency Let’s start with the digital part. Digital…Read more