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So, are cryptocurrencies the future of banking? Artamonov says yes. “I believe that cryptocurrencies provide some advantages compared with traditional financial systems—there are features that did not exist at all and were not considered as a possibility,” Artamonov said. View the full recording If you want to invest in cryptocurrency, you should invest in a wallet. That bitcoin gambling sites king noted, if you8217;re just dipping a toe, services such as PayPal and Robinhood allow you to buy a coin or fractions of a coin and store it on their servers. These are custodial wallets, however, where you don8217;t hold the private key. We recommend noncustodial wallets for long-term cryptocurrency users and investors. “Cryptocurrency is peer-to-peer money, which means there is no trusted authority, no company that issues the currency,” Artamonov said. Originally known as Bitcoin, and also popularly known as Ethereum, there are actually more than 7,000 cryptocurrencies and tokens right now, according to Artamonov.