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Cryptocurrencies are currencies that operate purely digitally. Among the dominant cryptocurrencies in the market today include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), and thousands more. They’re accessible through various devices like a smartphone or personal computer connected to the Internet.
While cryptocurrencies serve the same purpose as government-issued money—used for purchasing goods and services, remittances, and other monetary transactions—they don’t have physical representation because of their digital nature.
This means that there won’t be any paper bills or heavy coins to store in your physical purses or wallets. Instead, cryptocurrencies are kept and managed in special storage called digital wallets.
This wallet allows you to store, send, receive, and check your funds in real-time with just a few clicks on a web browser or your smartphone. You can find lots of digital wallets online, such offshore wallets, BTC wallets etc…