Cryptocurrency is a form of payment that can be exchanged online for goods and services. ... Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

How does cryptocurrency make money?

Most investors buy coins such as Bitcoin, Litecoin, Ethereum, Ripple, and more and wait until their value rise. Once their market prices rise, they sell at a profit. This investing strategy requires one to identify more stable and volatile assets that can shift in value rapidly, resulting in regular profits.

Can cryptocurrency be converted to cash?

Through cryptocurrency exchanges

The first method to convert any cryptocurrency into cash is through an exchange or a broker, this is quite similar to the currency exchange system at airports of a foreign country. ... Transfer your Bitcoins to the exchange that supports buying and selling in INR.