A cryptocurrency is a digital currency that uses cryptography as a means of security. A cryptocurrency is difficult to counterfeit because of this strong security feature. Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a disparate network of computers. An important feature of a cryptocurrency, and arguably its biggest allure is its organic nature; it is not issued by any central authority and is theoretically immune to government interference or manipulation.
How It Works With Baxia
At Baxia, cryptocurrencies are quoted against the US Dollar, this means that when you buy any cryptocurrency you’re selling USD. You’re able to choose from (list available cryptos). When you buy cryptocurrency with Baxia, instead of taking ownership of it, you open a trade that will increase or decrease in value as the price moves up or down against the dollar.
