Cryptocurrency is essentially virtual coins or digital money which can be transferred between individuals without the need for any financial intermediaries. Apart from the well-known bitcoin, we also have others like Litecoin(LTC),Ethereum (ETH),Zcash (ZEC),Dash (DASH), Ripple (XRP), Monero (XMR) etc.
The demand for cryptocurrency has grown steadily over the last few years especially with the media showcasing how much initial investors have made thus far. Virtual or crypto currencies like Bitcoin and Ethereum are by far the hottest investment product currently available. Cryptocurrencies are not a normal investment and their volatility grossly exceeds that of any other investment class.