Discover a new ways to enjoy your World!
Award-winning trading platform
Explore endless trading opportunities with tight spreads and no commission
Discover a new ways to enjoy your World!
Explore endless trading opportunities with tight spreads and no commission
Create an account and start trading
Multiple partners and supporters
* Already growing up 5236 company
At Nearwestcoins, you don’t need to compromise. Whether you invest on your own, with an advisor, or a little of both — we can support you.
Own your trading experience with powerful trading platforms and professional trader support.
The rapid growth of cryptocurrency in the digital ecosystem cannot be stop. So we decided to compile most of the frequently asked questions about Cryptocurrency in the internet.
Cryptocurrency is basically a virtual exchange medium that uses a cryptography in order to secure its transactions and control the creation of the system units. Meaning, cryptocurrency simply represents money in the digital marketplace nothing else. It is based on an open-source software, cryptography and networking. It lets people or users avoid fees or the lowest fees as compared to what your banks are charging. The system takes part in the non-cash transactions that is anonymous while guaranteeing a secure transactions.
Basically, cryptocurrencies are known for its extreme security and anonymity to the highest level. Transactions made by this system cannot be reversed nor faked and compared to what your local bank are doing in its client charging high transaction fees. In cryptocurrency the fees are to the lowest level, making it reliable than the conventional currency in the marketplace. Its decentralized nature means they can be available to everyone, in which banks can only be available to those they permitted to open accounts.
There is no exact number of existing cryptocurrencies exist in the ecosystem, this is because the code of the cryptocurrency is an open source, this means that anyone has the chance to create their own version of cryptocurrency by just using the code. But as to this moment, the estimated cryptocurrencies in the marketplace is about more than 900, along with the data embedded on them, which can be seen on the list of registered coins.
The first cryptocurrency that was recorded in the digital data was bitcoin, created in the late 2009 and still as of now the best cryptocurrency known in the marketplace. A creation of cryptocurrencies has started emerging in the past decade and now more than 1000 cryptocurrencies can be found on the internet.
