What Is Cryptocurrency?
Cryptocurrency is a type of digital currency that exists only online. It isn’t issued by any government (unlike traditional money, also called fiat) — instead, it’s built and secured using cryptography.
Most cryptocurrencies operate on a system called blockchain — a public, decentralized ledger that records all transactions across a network of computers. This makes it highly secure, transparent, and nearly impossible to tamper with.
The Essentials
Here’s a quick breakdown of key concepts you might come across while using Shuffle.us:
Bitcoin (BTC): The first and most well-known cryptocurrency, created in 2009. It’s often the entry point for beginners.
Altcoins: Any cryptocurrency that isn’t Bitcoin — examples include Ethereum (ETH), Litecoin (LTC), and many others.
Wallets: Digital tools used to store your cryptocurrency.
Hot wallets are online and easy to access.
Cold wallets are offline and offer greater security.
Exchanges: Platforms where you can buy, sell, or trade cryptocurrencies (e.g. Coinbase, Binance).
Private Keys: Your crypto "password" — a unique code that grants access to your funds. Keep it safe. If lost, there’s no way to recover it.
Volatility: Crypto prices can change rapidly. It’s exciting, but also risky — never invest more than you’re comfortable losing.
Crypto and Shuffle.us
At Shuffle.us, crypto is the only way to purchase Gold Coins or redeem prizes. You’ll need to use a supported cryptocurrency (like Bitcoin or Ethereum) to participate.
Because of this, we recommend becoming familiar with:
Creating and securing a crypto wallet
Using exchanges to buy or transfer crypto
Keeping track of your private keys
If you're not sure where to start, there are many beginner-friendly resources online. And of course, our support team is here to help if you have questions about using crypto on our platform.
Final Tips
Start small if you’re just beginning.
Always double-check wallet addresses before sending crypto.
Keep your private keys stored somewhere safe and offline if possible.
If you need further assistance, reach out to our support team — we're available 24/7.