Crypto is a digital asset (e.g. coin or collectible) that exists on a public spreadsheet (blockchain). Learn more at our sister site cryptogaphix.com
Yes, crypto is volatile, meaning its value can change at any time. This is why the rewards for using crypto are higher than traditional finance.
Traditional Finance savings plans, such as a college 529 Plan, assume an average annual return of 4.5% (see Fidelity College Savings Indicator). A similar plan in crypto, such as a Decentralized Finance Certificate-of-Deposit smart contract, would have an average 38% APY (see Hex.com).
Some companies offer easy access to crypto (e.g. Coinbase, Robinhood), however, users must follow their strict guidelines and business-hours to obtain support. We advocate for crypto self-custody wallets, meaning you have FULL control of when, where, and how you use it.
There exists thousands of different crypto coins and the majority are potentially fraudulent. See our Resources page to learn about the type of cryptos we suggest.
