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Explain Crypto To COMPLETE Beginners: Coin Bureau Guide!!Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It's a peer-to-peer system that can enable anyone anywhere to send. Cryptocurrencies are digital tokens. They are a type of digital currency that allows people to make payments directly to each other through an online system. A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.