What is Crypto? How Does It Work?

Cryptocurrency, often abbreviated to “crypto,” is a new type of digital currency. Crypto is decentralized, meaning that it is not controlled by a central authority like a bank or government, and instead is exchanged person-to-person. Cryptocurrencies use a network of computers and cryptography, or the art of writing code, to secure and process transactions—which occur 24/7 and are processed in minutes, all around the world. With SoFi, you can buy some of the most popular types of crypto—Bitcoin, Litecoin, Ethereum and more, all without setting up a crypto wallet. To get started, download the SoFi app. About SoFi: A finance company that can help you get ahead. Get Your Money Right® with SoFi. Connect with SoFi: Subscribe to SoFi on YouTube: https://www.youtube.com/channel/UCuoYE0bfkZCwaspBVQ59jfQ?view_as=subscriber?sub_confirmation=1 Like SoFi on Facebook: https://www.facebook.com/SoFi/ Follow SoFi on Twitter: https://twitter.com/SoFi Follow SoFi on Instagram: https://www.instagram.com/sofi/ Follow SoFi on LinkedIn: https://www.linkedin.com/company/sofi/