Cryptocurrency is a type of virtual payment system that doesnot coe under banking system. It is a system where anyone from anywhere send and receive payments. A public ledger keeps track of all bitcoin transactions that involve money transfers. Digital wallets are where cryptocurrency is kept.Due to the fact that transactions are verified using encryption, cryptocurrency has earned its moniker. This means that the storage, transmission, and recording of bitcoin data to public ledgers all entail sophisticated code. Encryption's goal is to offer security and protection.

Source: https://themoneyflow.net/how-to-make-money-with-cryptocurrency/