Get your questions answered about cryptocurrencies Here, we answer the most common questions to help you understand what cryptocurrencies are, how they work, how to buy them, store them safely, and other important topics.
What are cryptocurrencies and how do they work? Down pointing arrow icon Cryptocurrencies are decentralized digital currencies based on blockchain technology, which use cryptography to ensure secure transactions and control the creation of new units.
What are cryptoassets? Down pointing arrow icon Cryptoassets are digital assets that use blockchain technology to ensure secure transactions and verify the transfer of properties. They include cryptocurrencies, security tokens, utility tokens, and non-fungible tokens (NFTs).
What is the difference between cryptocurrencies and cryptoassets? Down pointing arrow icon Cryptocurrencies are a type of cryptoactive focused on functioning as digital currency (e.g.: Bitcoin, Ethereum). Cryptoassets encompass a broader range of digital assets, including security tokens, utility tokens, and NFTs, each with specific functions beyond serving as currency.
What are the main cryptocurrencies? Down pointing arrow icon Some of the top cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Solana (SOL), and Ripple (XRP).
How can I buy cryptocurrencies? Down pointing arrow icon You can purchase cryptocurrencies at the best price on the Bitypreço marketplace or through the Bitybank app. Furthermore, you can also use the Bity card to pay for your purchases and ensure cashback in cryptos of your choice.
What is blockchain? Down pointing arrow icon Blockchain is a distributed ledger technology that records transactions transparently and immutably across a computer network. Each block contains a set of transactions and is linked to the previous block, forming a chain.
How are cryptocurrencies mined? Down pointing arrow icon Cryptocurrency mining is the process of validating and recording transactions on the blockchain by solving complex mathematical problems. Mining can be done using specialized hardware, such as ASICs, or computers with powerful GPUs.
What are cryptocurrency wallets? Down pointing arrow icon Cryptocurrency wallets are digital tools that allow you to store, send and receive cryptocurrencies. They can be of different types, such as hot wallets (online) and cold wallets (offline).
What is an ICO? Down pointing arrow icon ICO (Initial Coin Offering) is a fundraising method for new cryptocurrency projects, where tokens are sold to the public to finance the development of the project.
How are cryptocurrencies taxed? Down pointing arrow icon Cryptocurrency taxation varies from country to country. In many places, cryptocurrencies are treated as financial assets, and capital gains resulting from selling or exchanging cryptocurrencies may be taxed.
What are utility tokens? Down pointing arrow icon Utility tokens are cryptoassets that provide access to specific products or services within a platform or ecosystem. They do not represent direct ownership or investment in a project.
What are security tokens? Down pointing arrow icon Security tokens are cryptoassets that represent ownership rights or participation in a real asset, such as shares in a company, and are subject to financial regulations.
