General cryptocurrency information

What determines the price of a crypto coin?
The price of a crypto coin is determined by basic supply and demand. The more people use the cryptocurrency or its underlying use case, the higher the deman...
Thu, 19 Nov, 2020 at 10:53 AM
Is every coin a different kind of Bitcoin?
No. There is only one Bitcoin ("BTC") and this coin belongs to the "cryptocurrency" category. There are many other types of cryptocurren...
Thu, 19 Nov, 2020 at 10:54 AM
Why do exchanges ask for my personal information and ID?
Exchanges are required by law and regulations in the country where they are located to do KYC ("Know Your Customer"). This means that they need to...
Thu, 19 Nov, 2020 at 10:55 AM
Do I receive interest on my crypto with an exchange?
No, if you have cryptocurrency stored on an exchange, you will not receive interest on it. There are, however, ways for you to receive "interest" ...
Thu, 19 Nov, 2020 at 10:57 AM
What are altcoins?
All cryptocurrencies that are not Bitcoin are called altcoins. Altcoins have nothing to do with Bitcoin, other than also being a cryptocurrency.
Thu, 19 Nov, 2020 at 11:08 AM