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…Artificial Intelligence (AI)Artificial intelligence (AI) is a branch of computer science that enables machines to perform tasks that typically require human intelligence, using techniques like machine learning (ML), neural networks, and deep learning to analyse large datasets and learn from them.Soft ForkA soft fork is a backward-compatible upgrade that introduces new rules to a blockchain's protocol, allowing both old and new versions of the software to coexist on the same network.Hard ForkA ha…
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…The Crypto.com App supports fiat currencies, credit/debit cards, Apple Pay, Google Pay, and other cryptocurrencies, depending on the user’s region. Buying Bitcoin via Bank Transfer One of the most popular ways to buy Bitcoin in the Crypto.com App is by using fiat currency, as it lets users tap into the lowest fees. All users need to do is initiate a transfer from their bank account, and the funds will be received in their Fiat Wallet. Once their Fiat Wallet is funded, users can then begin pu…
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…The Crypto.com App supports fiat currencies, credit/debit cards, Apple Pay, Google Pay, and other cryptocurrencies, depending on the user’s region. Buying Crypto via Bank Transfer One of the most popular ways to buy coins and tokens in the Crypto.com App is by using fiat currency, as it lets users tap into the lowest fees. All users need to do is initiate a transfer from their bank account, and the funds will be received in their Fiat Wallet. Once their Fiat Wallet is funded, users can then …
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…They are usually pegged to a certain fiat currency, such as USD, GBP, or euro with a one-to-one ratio. For example, if a stablecoin is pegged to the USD, one unit of that particular stablecoin is equal to US$1. Examples: Tether (USDT), USD Coin (USDC), TrueUSD (TUSD)Crypto-backed stablecoinsInstead of a fiat currency as collateral, crypto-backed stablecoins have cryptocurrencies locked up as collateral. Although this is conceptually similar to fiat-backed stablecoins, the crypto assets in a cry…
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…Plus, 1:1 USDC and PYUSD peg, and instant settlements.Learn MoreUnlimited fiat transfersZero-fee deposits and withdrawals in USD, EUR, GBP, and more.31% deposit bonusTransfer US$1 million or more (in crypto or fiat) and stake/lock up US$1 million of CRO.4Prime ReferralRefer a friend and get US$2,000 in CRO, plus a part of their deposit bonus.1% deposit bonusTransfer US$1 million or more (in crypto or fiat) and stake/lock up US$1 million of CRO.4Prime ReferralRefer a friend and get US$2,000 in CR…
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…Plus, 1:1 USDC and PYUSD peg, and instant settlements.Learn MoreUnlimited fiat transfersZero-fee deposits and withdrawals in USD, EUR, GBP, and more.31% deposit bonusTransfer US$1 million or more (in crypto or fiat) and stake/lock up US$1 million of CRO.4Prime ReferralRefer a friend and get US$2,000 in CRO, plus a part of their deposit bonus.1% deposit bonusTransfer US$1 million or more (in crypto or fiat) and stake/lock up US$1 million of CRO.4Prime ReferralRefer a friend and get US$2,000 in CR…
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…Activities like selling Bitcoin for fiat currency, trading it for another cryptocurrency, or using it to purchase goods and services can be accounted for taxable events. These scenarios often lead to either capital gains or losses, depending on the fluctuation in value from the time of acquisition to the time of the transaction. Understanding these events is crucial for Bitcoin holders to effectively manage their tax liabilities. Selling Bitcoin for fiat currency When a trader sells Bitcoin fo…
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…Launched in 2014, USDT combines the speed of cryptocurrencies with the stability of fiat currency, making it a preferred digital asset for trading, payments, and cross-border transfers. Unlike most cryptocurrencies, USDT is pegged to the U.S. dollar, helping users avoid market volatility. It operates on multiple blockchains, including Ethereum, Tron, Solana, BNB Chain, and Algorand, ensuring broad accessibility and fast transactions with varying fee structures. Traders often use USDT as a stab…
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…It is available at the Apple Store and on Google Play.Cryptocurrency exchanges: These are online platforms where users can buy, sell, and trade cryptocurrencies using fiat currency or other cryptocurrencies. They offer more complex functions compared to a crypto brokerage, adding trading instruments like crypto derivatives.Peer-to-peer (P2P) marketplaces: These are platforms where buyers and sellers can directly trade cryptocurrencies without the involvement of a third-party exchange. This is al…
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…Artificial Intelligence (AI)Artificial intelligence (AI) is a branch of computer science that enables machines to perform tasks that typically require human intelligence, using techniques like machine learning (ML), neural networks, and deep learning to analyse large datasets and learn from them.Soft ForkA soft fork is a backward-compatible upgrade that introduces new rules to a blockchain's protocol, allowing both old and new versions of the software to coexist on the same network.Hard ForkA ha…
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