ELI5

Isometric Loki green cryptocurrency "Sale" sign on white block background with Mac-style application title bar above it and shopping bag beside it.

How to sell cryptocurrency: Crypto selling basics

The process of selling cryptocurrency is generally the reverse of buying crypto. And just like buying crypto, the process will change depending on what kind of exchange you’ve chosen to use: Regular trading platform, brokerage service, or direct trading service. No matter which platform you’re using, though, you’ll need to move your crypto from your personal wallet …

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Bitcoin and Monero 'coins' representing what is cryptocurrency

What is cryptocurrency?

Cryptocurrency is a digital asset that can be used for peer-to-peer transactions, without needing to go through a central intermediary like a bank or money wire service. Instead of relying on a central authority, cryptocurrencies usually use a decentralised network of nodes that all share the responsibility of maintaining a trusted ledger of transactions. Cryptocurrency …

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Blockchain (chain of linked green cubes representing the blockcain)

What is blockchain?

The blockchain is a distributed ledger of transactions secured with cryptography, usually maintained by decentralised networks of nodes, masternodes or service nodes. Blockchains are designed to provide consumers with an effective way to facilitate immutable and transparent data transfers. While people had previously attempted cryptographically linked digital data transfers, this ambitious goal wasn’t fully achieved …

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