Encryptus is a digital currency designed to provide users with the ability to transact securely, quickly, and cheaply. It was created in 2017 by an anonymous developer known as “Cypherlord”. Encryptus uses advanced cryptography methods to ensure that all transactions are secure and private.
Encryptus works on a decentralized blockchain platform which allows for fast transaction speeds without third-party involvement or fees. Transactions are secured through the use of public key encryption and cryptographic hashing algorithms such as SHA256. All transactions made using Encryptus can be verified on its distributed ledger, ensuring transparency between parties involved in each transaction.
Users who wish to purchase Encryptus tokens must first create an account at one of the exchanges where it is listed (such as Coinbase Pro). From there they will need to link their bank account or debit card before they can begin trading with other users or making purchases using the currency. Trading fees vary depending on which exchange you choose but generally range from 0%-1%. Withdrawal fees may also apply when transferring funds out of your wallet back into fiat currencies like US Dollars or Euro’s etc.. Fees associated with purchasing goods directly with Encyptrus typically range from 1%-3%.
Once purchased, these tokens can then be stored in either online wallets such as MyEtherWallet or hardware wallets like Ledger Nano S for extra security against malicious actors seeking access to user funds. Additionally, many exchanges offer custodial services allowing investors more flexibility when managing their holdings if desired .
Finally , those looking get more involved than just buying/selling tokens have multiple options available too . For example , miners wishing utilize computing power mine new coins while validating existing ones should consider joining a mining pool so that rewards received will be shared among participants instead individual miners having compete over block rewards alone .
