Whether you are looking to invest in cryptocurrencies or just want to use them in day-to-day life, you must first know about the different types of cryptocurrency and which is best for which purpose.
Ever since Bitcoin became known in 2009, cryptos have been a popular choice for investors who want to reap instant benefits from the volatile crypto market. However, more than that, these digital currencies have marked their existence as a financial instrument that can be customized to hold the actual value.
But wait. Before you start investing in digital money, it is important that you know about the major types of cryptocurrency.
Types of cryptocurrencies – Where to invest?
All cryptocurrencies can be broadly divided between the following two types –