Mining crypto

Crypto’s Most Wanted Questions, Revealed

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  • “What is crypto” is by far the most searched question about cryptocurrency
  • Interest in buying crypto comes next
  • Other common curiosities relate to crypto mining and why the crypto market crashed

The Most Wanted Questions About Crypto

“What is cryptocurrency/crypto” is the most searched question on Google regarding crypto, a new study reveals.

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The study, conducted by crypto-focused personal finance advisors CryptoWallet.com, analyzed the most frequently asked crypto questions on the web based on search levels for keywords such as “crypto” and “crypto -change”.

What is Cryptocurrencyis by far the most asked question, with 121,000 average monthly searches, followed by “what is cryptowith 31,000 average monthly searches, for a total of 152,000 searches each month by people wondering about this “mysterious” asset.

So indeed, what is crypto?

Cryptocurrency is a decentralized digital currency based on blockchain technology, which simply means that no authority regulates and manages its value, which makes it different from fiat currency such as pounds or dollars. Its transactions are recorded on an open ledger which stores transaction codes and is distributed to computers around the world (definition of a blockchain).

Third on the list with 24,000 monthly searches is the question “how to buy cryptocurrency”.

The answer to this question is easier than many might imagine, because the crypto market works a lot like the stock market: buying individual cryptocurrencies is risky, because the market is in constant motion and not a day does not look alike. However, while it can be a great investment if done correctly, perhaps with the advice of experts, who can calculate these risks for you and help you make informed decisions on the matter, which can lead to exciting results.

Lower, “why crypto crashesis fourth with 23,000 average monthly searches. This question may be more topical and time sensitive, as people may wonder what is happening in the crypto market at certain times, and the reasons why a certain cryptocurrency may be overwhelming may be various .

Generally, the reasons are very similar to why the normal currency market might crash, as social, political, and economic factors influence the crypto market as well as anything else. The specific reasons can be inflation and rising interest rates, in addition to the growing popularity of poor quality coins which has influenced the market as a whole.

The top five ends with “what is crypto mining” and its 22,000 average monthly searches.

Crypto mining is how cryptocurrencies are generated. This happens when decentralized networks of computers (the same ones mentioned above) verify and back up blockchains, making new units available for purchase and investment.

Top 10 Google Most Searched Questions About Cryptocurrency

Rank Keyword Volume
1 what is cryptocurrency 121,000
2 what is crypto 31,000
3 how to buy cryptocurrency 24,000
4 why crypto crashes 23,000
5 what is crypto mining 22,000
6 why is crypto down 19,000
seven why is crypto down today 16,000
8 how to mine cryptocurrency 16,000
9 how cryptocurrency works 16,000
ten how to invest in cryptocurrency 14,000

A Crypto Wallet spokesperson commented on the results: “It is fascinating to see how unfamiliar people still are with crypto, and also how willing they are to learn more.

“As the world enters a new era of personal finance and crypto changes the way we might view money and spending, people want to be as informed as possible, either to keep up with the changing times, to invest real time and effort in crypto, or just curiosity about a relatively new and fascinating phenomenon.

The study was conducted by CryptoWallet.com, a platform that provides products and solutions to help customers enter a new era of personal finance.

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