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Bitcoin and Cryptocurrencies Explained in One MinuteYou'll need to exchange real currency for the cryptocurrency to access the good or service. � Cryptocurrencies work using a technology called blockchain. A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Cryptocurrency is a digital currency using cryptography to secure transactions. Learn about buying cryptocurrency and cryptocurrency scams to look out for.