Cryptocurrencies are a kind of digital money. They're often used to make international money transfers faster and cheaper. Many crypto app claim to be anonymous. But they leave a digital trail that governments and others can follow. Users of a cryptocurrency wallet must have a seed phrase, which they should write down and store safely in case their device is lost or stolen. This way, the cryptocurrency can be restored.
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Cryptocurrencies are a kind of digital money. They're often used to make international money transfers faster and cheaper. Many crypto app claim to be anonymous. But they leave a digital trail that governments and others can follow. Users of a cryptocurrency wallet must have a seed phrase, which they should write down and store safely in case their device is lost or stolen. This way, the cryptocurrency can be restored.