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In using cryptocurrency for an exchange instead of fiat currency, crypto owners don't have to rely on banks what keeps people coming, though, is the knowledge that a lucky few days may help recoup some what is cryptocurrency used for? Cryptocurrency to battle election fraud? Transparency — you can always see the history of each coin: Keep crypto in cold storage as long as you don't need it liquid. Like fiat currencies, we can use cryptocurrencies to buy groceries at a shop. Bitcoin atms can charge up to 15 percent just to convert to fiat currency. Follow the latest cryptocurrency predictions 2021 with capital.com. Users should take extra careful when choosing currencies to keep. Some people never feel secure and go to the furthest lengths to the art of keeping your cryptocurrency safe and secure is a critical skill to master on a journey to becoming your own bank. Many people choose to buy bitcoin because it's likely the only cryptocoin they've heard of. It's also accepted in many places as currency, including online. Many people know that there is something called cryptocurrency and that it has something to do with money. Don't buy from robinhood or never reveal your positions to anyone else on the internet.