What Is Cryptocurrency?

Cryptocurrency refers to digital assets that use cryptographic technology to secure transactions and manage the creation or transfer of units.

Unlike physical cash such as banknotes and coins, cryptocurrencies exist in digital form.

How Does Cryptocurrency Work?

Many cryptocurrencies use blockchain technology. A blockchain is a type of distributed digital record that can store information about transactions.

Different cryptocurrencies can use different technologies, networks and methods for processing transactions.

What Is a Cryptocurrency Unit?

A cryptocurrency unit is a digital representation of value associated with a particular cryptocurrency network. Examples include Bitcoin (BTC), Ether (ETH) and other digital assets.

Why Do Cryptocurrency Prices Change?

Cryptocurrency prices can change frequently. Market supply and demand, trading activity, market conditions and other factors can affect the price displayed by a data provider.

Prices can also differ between exchanges and data providers because they may use different markets and update times.

What Is a Cryptocurrency Exchange?

A cryptocurrency exchange is a platform where users can buy, sell or trade certain digital assets, depending on the services offered by that platform.

Exchange services can have different prices, fees, features and availability.

Cryptocurrency vs Traditional Currency

Traditional currencies such as the US dollar, euro and Pakistani rupee are issued within established monetary and banking systems. Cryptocurrencies are digital assets that operate through their respective networks and technologies.

How Can You Check Cryptocurrency Prices?

Online cryptocurrency price tools can display the latest available prices from a selected data provider. Because cryptocurrency prices can change frequently, the displayed value may change over time.

You can use our Crypto Prices page to view available prices for selected cryptocurrencies.

Frequently Asked Questions

Is cryptocurrency physical money?

No. Cryptocurrency is a digital asset and does not exist as physical notes or coins.

Are all cryptocurrencies the same?

No. Different cryptocurrencies can use different networks, technologies, purposes and supply structures.

Do cryptocurrency prices stay the same?

No. Cryptocurrency prices can change frequently and may vary between exchanges and data providers.