What is Bitcoin?
Bitcoin is a decentralized crypto- or digital-currency, a form of electronic cash. Bitcoin has no central bank or single administrator and can be sent globally from user-to-user without the need for intermediaries. Over 5% of Canadians own Bitcoin according to a 2018 report by the Bank of Canada.
Do I have to buy 1 full Bitcoin?
No! You can buy as little as 0.00000001 Bitcoin.
Why is Bitcoin so volatile?
There are several reasons why Bitcoin is volatile including: coverage in the press, perceived value, relative lack of liquidity allowing large holders to affect price, news of exchange hacks and high profile losses, fear of missing out (FOMO) and fear, uncertainty, doubt (FUD) causing investors to buy or sell en mass.
Official Bitcoin website | Bitcoin Whitepaper
What is Ethereum?
Ethereum is an open-source, blockchain-based distributed computing platform featuring smart contract functionality. Ethereum differs from Bitcoin in that it has the capability to execute smart contracts on the blockchain.
Do I have to buy 1 full Ethereum?
No! You can buy as little as 0.0000000000000001 Ethereum.
Why is Ethereum so volatile?
There are several reasons why Ethereum is volatile including coverage in the press, perceived value and relative lack of liquidity allowing large holders to affect the price. Apart from being a simple store of value Ethereum is also a popular computing platform, so its price is also affected by the projects built on it.
What is Litecoin?
Litecoin is a decentralized crypto- or digital-currency, a form of electronic cash. Litecoin has no central bank or single administrator and can be sent globally from user-to-user without the need for intermediaries. Litecoin was an early bitcoin spinoff or "altcoin" and is released under the MIT/X11 license. Litecoin has much faster block mining speed resulting in faster transaction times and is therefore much better suited than Bitcoin for day-to-day payment transactions.
Do I have to buy 1 full Litecoin?
No! You can buy as little as 0.00000001 Litecoin.
Why is Litecoin so volatile?
Like all cryptocurrencies, Litecoin is more volatile than fiat currencies with market price being closely linked to its perceived value. This allows various factors, including media coverage to easily cause price fluctuations.
What is XRP?
XRP is the Cryptocurrency created by American software company Ripple for their international payments system RippleNet, trusted by major financial institutions including American Express and Standard Chartered. XRP is the medium used by the RippleNet to facilitate accurate high-speed currency exchange.
Do I have to buy 1 full XRP?
No! You can buy as little as 0.000001 Ripple.
Why is XRP so volatile?
Like regular cryptocurrencies, XRP's value is influenced by coverage in the press, perceived value, relative lack of liquidity allowing large holders to affect price, news of exchange hacks and high profile losses. However, as the native currency, its value is also dependent on how trusted the RippleNet is by financial institutions.
What is Bitcoin Cash?
Bitcoin cash is a cryptocurrency created in August 2017, arising from a fork of Bitcoin Classic. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed.
Do I have to buy 1 full Bitcoin Cash?
No! You can buy as little as 0.00000001 Bitcoin Cash.
Why is Bitcoin Cash so volatile?
Like regular cryptocurrencies, the value of Bitcoin Cash is influenced by coverage in the press, perceived value, relative lack of liquidity allowing large holders to affect price, news of exchange hacks and high profile losses.
What is Stellar Lumen?
Released in 2014, Stellar is an open source, decentralized protocol for digital currency to fiat money transfers which allows cross-border transactions between any pair of currencies.
Do I have to buy 1 full Stellar Lumen?
No! You can buy as little as 0.00000001 Stellar Lumens.
Why is Stellar Lumen so volatile?
Like regular cryptocurrencies, the value of Stellar Lumen is influenced by coverage in the press, perceived value, relative lack of liquidity allowing large holders to affect price, news of exchange hacks and high profile losses.
Coinberry is a Canadian digital asset trading platform that provides users the easiest and safest way to buy and sell Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Stellar in Canada.
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