FAQ

Question & Answer

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  • General Questions
  • Buying and Selling Crypto
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  • Security
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Tab 1

  • What is cryptocurrency?

    Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on decentralized blockchain networks instead of being controlled by governments or banks.

  • How is cryptocurrency different from traditional money?

    Unlike fiat currency, cryptocurrency is not issued by a government and transactions happen on a transparent, decentralized network without intermediaries.

  • Where can cryptocurrency be used?

    Payments – Buying goods and services. Investments – Holding crypto in hopes of price appreciation. Remittances – Fast and low-cost international transfers. Smart contracts – Automated agreements without intermediaries. DeFi (Decentralized Finance) – Financial services like lending and trading without banks. NFTs – Buying and selling digital assets like art and music. Gaming and virtual worlds – In-game purchases and virtual economies.

  • Why is cryptocurrency important?

    Decentralization – No government or bank controls it. Security and transparency – Blockchain prevents fraud. Lower transaction costs – Cheaper than traditional banking. Accessibility – Helps unbanked populations access financial services. Innovation – Drives new applications in finance and technology.

  • What are the challenges of cryptocurrency?

    Key risks include price volatility, government regulations, and security threats. However, as technology advances, cryptocurrency continues to play a growing role in the global economy.

  • What is InFiSol?

    InFiSol is a platform for buying, selling, and exchanging cryptocurrencies with a built-in calculator and real-time price updates.

  • Do I need to complete verification to use the platform?

    Yes, KYC verification is required for security and compliance purposes.

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