Cryptocurrency, sometimes called crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. It has anonymity as transactions are tied not on the basis of owner's identity. Cryptocurrencies do not have a central issuing or regulatory body, instead using a decentralized system to record transactions and issue new units. It has fast developing tools and services. Also it is secured as it can be stored in virtual wallets, secured with a private key.