[ krip-toh-kur-uhn-see, -kuhr- ]

  1. currency that exists only in electronic form, operates on a decentralized system of exchange, and uses advanced cryptography for security, or any individual currency of this type: Some expect cryptocurrency to become the dominant means of financing trade between markets.This particular cryptocurrency has a huge following among retail traders.: Compare digital currency, virtual currency. See also altcoin, bitcoin (def. 1).

  1. being or relating to virtual currency that uses advanced cryptography for security: They are one of the largest cryptocurrency exchanges on the internet.She got caught running a cryptocurrency scam.

Origin of cryptocurrency

First recorded in 2005–10; crypto- + currency

usage note For cryptocurrency

What's the difference between cryptocurrency, virtual currency, and digital currency? See digital currency.

Words Nearby cryptocurrency Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use cryptocurrency in a sentence