History of Crypto Currency

A cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerized... wikipedia.org

Types: Bitcoin, Altcoins, Stablecoins

How to purchase: Cryptocurrency exchanges allow customers to trade cryptocurrencies for other assets, such as conventional fiat money, or to trade between different digital currencies.

Example exchanges: Coinbase, Gemini, Binance, Cash app

How to store: A cryptocurrency wallet stores the public and private "keys" (address) or seed which can be used to receive or spend the cryptocurrency. With the private key, it is possible to write in the public ledger, effectively spending the associated cryptocurrency. With the public key, it is possible for others to send currency to the wallet.

Storage options: cold wallet, hot wallet, custodial wallet, paper wallet

U.S. tax status: On 25 March 2014, the United States Internal Revenue Service (IRS) ruled that bitcoin will be treated as property for tax purposes. Bitcoin is therefore subject to capital gains tax.