A1 noun Neutral #1,322 most common

cryptocurrency

/ˌkrɪp.toʊˈkɝː.ən.si/

A cryptocurrency is a type of digital or virtual money that uses special codes to keep transactions safe. It is not controlled by any government or bank and exists only in an electronic format.

Examples

3 of 5
1

I checked the price of my cryptocurrency on my phone today.

I looked at how much my digital money was worth on my mobile device.

2

The bank published a report regarding the risks of cryptocurrency.

The financial institution shared a document about the dangers of digital currency.

3

Hey, are you still into cryptocurrency?

Hi, are you still interested in digital money?

Word Family

Noun
cryptocurrency
Adjective
cryptographic
Related
cryptography
💡

Memory Tip

Think of a 'Crypto-Currency' as 'Secret-Money' (crypto = secret/hidden) that lives inside your computer.

Quick Quiz

Many people choose to _____ in cryptocurrency to build wealth for the future.

Correct!

The correct answer is: invest

Examples

1

I checked the price of my cryptocurrency on my phone today.

everyday

I looked at how much my digital money was worth on my mobile device.

2

The bank published a report regarding the risks of cryptocurrency.

formal

The financial institution shared a document about the dangers of digital currency.

3

Hey, are you still into cryptocurrency?

informal

Hi, are you still interested in digital money?

4

Cryptocurrency represents a significant shift in modern financial theory.

academic

Digital money is a major change in how we think about money and economics.

5

We need to integrate cryptocurrency payments into our store.

business

We should add digital money options to our retail business.

Word Family

Noun
cryptocurrency
Adjective
cryptographic
Related
cryptography

Common Collocations

invest in cryptocurrency to put money into digital currency to make a profit
accept cryptocurrency to take digital money as payment for goods
trade cryptocurrency to buy and sell digital coins on an exchange
mine cryptocurrency to use computers to process and create new digital coins
cryptocurrency market the global system where digital money is bought and sold

Common Phrases

cryptocurrency exchange

a website or app where you can trade digital money

crypto wallet

a digital tool used to store your cryptocurrency safely

digital gold

a term often used to describe Bitcoin as a store of value

Often Confused With

cryptocurrency vs Blockchain

Blockchain is the technology or database that records transactions, while cryptocurrency is the actual digital money.

📝

Usage Notes

Use 'cryptocurrency' for formal writing or general topics; use the shortened form 'crypto' when speaking casually with friends.

⚠️

Common Mistakes

Many learners treat it as an uncountable noun like 'money', but it is countable. Use 'many cryptocurrencies' instead of 'much cryptocurrency'.

💡

Memory Tip

Think of a 'Crypto-Currency' as 'Secret-Money' (crypto = secret/hidden) that lives inside your computer.

📖

Word Origin

A combination of 'cryptography' (the art of writing secret codes) and 'currency' (a system of money).

Grammar Patterns

Countable noun Plural: cryptocurrencies
🌍

Cultural Context

In modern tech culture, cryptocurrency is often seen as a way to have financial freedom from traditional banks.

Quick Quiz

Many people choose to _____ in cryptocurrency to build wealth for the future.

Correct!

The correct answer is: invest

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