{"id":3220,"date":"2026-06-09T10:48:59","date_gmt":"2026-06-09T06:48:59","guid":{"rendered":"https:\/\/trade247.com\/en-ae\/blogs\/cryptocurrency-trading-in-the-uae-the-complete-beginners-guide-copy\/"},"modified":"2026-06-26T15:48:31","modified_gmt":"2026-06-26T11:48:31","slug":"how-does-cryptocurrency-work","status":"publish","type":"post","link":"https:\/\/trade247.com\/en-ae\/blogs\/how-does-cryptocurrency-work\/","title":{"rendered":"How Does Cryptocurrency Work in the UAE?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3220\" class=\"elementor elementor-3220\">\n\t\t\t\t<div class=\"elementor-element elementor-element-75123051 e-flex e-con-boxed e-con e-parent\" data-id=\"75123051\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4b1da444 elementor-widget elementor-widget-text-editor\" data-id=\"4b1da444\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Many people wonder how cryptocurrency works and why it has become so popular around the world, including in the UAE. Cryptocurrency is a type of digital money that uses technology called blockchain to record and secure transactions. Unlike traditional currencies, cryptocurrencies are decentralized, meaning they are not controlled by banks or governments.<\/p><p>Over the last decade, cryptocurrencies like Bitcoin and Ethereum have changed the way people view money, digital payments, and online investing. As interest in digital assets continues to grow across the UAE, more people are looking to understand how crypto works before getting started. This guide explains how cryptocurrency works, how transactions happen, what blockchain does, and why crypto has become such an important part of modern finance.<\/p><h2><strong>What Is Cryptocurrency?<\/strong><\/h2><p>Cryptocurrency is digital money that exists online. Unlike cash, coins, or banknotes, cryptocurrencies do not have a physical form.<\/p><p>Most cryptocurrencies are decentralized. This means no single government or bank controls them. Instead, they operate through a network of computers spread around the world, including those supporting crypto activity in the UAE.<\/p><p>Popular cryptocurrencies include:<\/p><ul><li>Bitcoin (BTC)<\/li><li>Ethereum (ETH)<\/li><li>Ripple (XRP)<\/li><li>Litecoin (LTC)<\/li><li>Solana (SOL)<\/li><\/ul><p>Each cryptocurrency has its own system and purpose, but most work using blockchain technology.<\/p><h2><strong>How Does Cryptocurrency Work?<\/strong><\/h2><p>To understand how cryptocurrency works, you first need to understand blockchain technology.<\/p><p>Cryptocurrencies run on decentralized digital networks. These networks verify and record transactions securely without needing a central authority like a bank, which is one of the reasons crypto has gained attention among investors in the UAE.<\/p><p>When someone sends cryptocurrency:<\/p><ol><li>The transaction is requested.<\/li><li>The network checks if the transaction is valid.<\/li><li>Verified transactions are added to the blockchain.<\/li><li>The transaction becomes permanent and publicly recorded.<\/li><\/ol><p>This process happens within seconds or minutes depending on the cryptocurrency.<\/p><h2><strong>What Is Blockchain Technology?<\/strong><\/h2><p>Blockchain technology is the foundation of cryptocurrency and plays a key role in how digital assets operate in the UAE and around the world.<\/p><p>A blockchain is a digital ledger that stores transaction records in blocks. These blocks are connected together in chronological order, forming a chain.<\/p><p>Each block contains:<\/p><ul><li>Transaction details<\/li><li>Time and date<\/li><li>Unique encrypted code<\/li><li>Reference to the previous block<\/li><\/ul><p>Once data is added to the blockchain, it becomes extremely difficult to change. This creates security and transparency.<\/p><h2><strong>Why Blockchain Is Important<\/strong><\/h2><p>Blockchain technology offers several advantages:<\/p><h3><strong>Security<\/strong><\/h3><p>Transactions are encrypted and verified by many computers worldwide.<\/p><h3><strong>Transparency<\/strong><\/h3><p>Most blockchains are public. Anyone can view transaction history.<\/p><h3><strong>Decentralization<\/strong><\/h3><p>No single company or government controls the network.<\/p><h3><strong>Speed<\/strong><\/h3><p>Crypto transactions can happen faster than traditional bank transfers.<\/p><h3><strong>Lower Costs<\/strong><\/h3><p>Transactions often have lower fees compared to international bank payments.<\/p><p>This technology is one of the main reasons cryptocurrencies became popular globally.<\/p><h2><strong>Why Was Cryptocurrency Created?<\/strong><\/h2><p>Cryptocurrency was introduced as a modern alternative to traditional financial systems, offering people greater control over their money and transactions. Since the launch of Bitcoin in 2009, digital currencies have gained significant attention worldwide, including in the UAE, where innovation and financial technology continue to grow rapidly.<\/p><p>The idea behind cryptocurrency was simple: create a secure digital payment system that allows people to transfer value directly without depending entirely on banks or other central institutions.<\/p><h3><strong>Reduced Dependence on Traditional Banking<\/strong><\/h3><p>Traditional financial transactions often rely on banks, payment providers, and intermediaries. Cryptocurrency allows users to send and receive funds directly through blockchain technology, reducing the need for third-party involvement. This has become particularly attractive in the UAE, where businesses and individuals frequently conduct international transactions.<\/p><h3><strong>Faster Peer-to-Peer Transactions<\/strong><\/h3><p>One of the main objectives of cryptocurrency is to enable peer-to-peer payments. Whether sending money locally within the UAE or internationally, users can transfer funds directly to another person without lengthy banking procedures or multiple intermediaries.<\/p><h3><strong>Greater Transparency and Security<\/strong><\/h3><p>Most cryptocurrencies operate on public blockchain networks where transactions are recorded and verified. This transparent system helps build trust by allowing users to verify transaction history while maintaining strong security standards through advanced encryption technology.<\/p><h3><strong>Supporting a Global and Digital Economy<\/strong><\/h3><p>As a leading business and technology hub, the UAE attracts professionals, entrepreneurs, and investors from around the world. Cryptocurrency supports this global environment by offering a borderless payment solution that can be accessed from virtually anywhere with an internet connection.<\/p><h3><strong>Expanding Financial Access<\/strong><\/h3><p>Cryptocurrency provides financial opportunities for people who may have limited access to traditional banking services. With a digital wallet and internet access, users can participate in the digital economy more easily, helping drive financial inclusion on a global scale.<\/p><h2><strong>The Future of Cryptocurrency in the UAE<\/strong><\/h2><p>Today, cryptocurrency is used for investment, trading, digital payments, and innovative financial services such as Decentralized Finance (DeFi). As the UAE continues to embrace blockchain technology and digital asset innovation, cryptocurrency is becoming an increasingly important part of the country&#8217;s evolving financial landscape.<\/p><p>While the technology continues to develop, its core mission remains the same: creating a more open, efficient, and accessible financial system for individuals and businesses around the world.<\/p><h2><strong>What Are Crypto Miners?<\/strong><\/h2><p>Many cryptocurrencies use a process called mining.<\/p><p>Mining involves powerful computers solving complex mathematical problems. These computers verify transactions and help secure the network, supporting the operation of cryptocurrency networks used by investors in the UAE and worldwide.<\/p><p>In return, miners receive cryptocurrency rewards.<\/p><p>Bitcoin mining is one of the most well-known examples. However, some newer cryptocurrencies use different systems that consume less energy.<\/p><h3><strong>What Is Proof of Work?<\/strong><\/h3><p>Proof of Work (PoW) is a system used by Bitcoin.<\/p><p>Miners compete to solve difficult problems. The first computer to solve the problem adds the next block to the blockchain and earns rewards.<\/p><p>This system helps:<\/p><ul><li>Prevent fraud<\/li><li>Secure the network<\/li><li>Verify transactions<\/li><\/ul><p>However, PoW uses large amounts of electricity.<\/p><h3><strong>What Is Proof of Stake?<\/strong><\/h3><p>Some cryptocurrencies use Proof of Stake (PoS) instead.<\/p><p>Instead of mining, users \u201cstake\u201d their coins to help validate transactions.<\/p><p>PoS systems:<\/p><ul><li>Use less energy<\/li><li>Process transactions faster<\/li><li>Reduce hardware requirements<\/li><\/ul><p>Ethereum moved from Proof of Work to Proof of Stake to improve efficiency.<\/p><h2><strong>How Crypto Transactions Work<\/strong><\/h2><p>Let\u2019s look at a simple example.<\/p><p>Imagine you send Bitcoin to a friend:<\/p><ol><li>You enter your friend\u2019s wallet address.<\/li><li>You choose the amount.<\/li><li>The transaction is broadcast to the network.<\/li><li>Computers verify the transaction.<\/li><li>The transaction is added to the blockchain.<\/li><li>Your friend receives the Bitcoin.<\/li><\/ol><p>No bank or payment company is needed.<\/p><h2><strong>What Are Crypto Wallets?<\/strong><\/h2><p>Cryptocurrency wallets store your digital assets.<\/p><p>Wallets do not actually hold coins physically. Instead, they store private keys that allow access to your crypto.<\/p><h3><strong>Types of Wallets<\/strong><\/h3><h4><strong>Hot Wallets<\/strong><\/h4><p>Connected to the internet.<br \/>Examples:<\/p><ul><li>Mobile apps<\/li><li>Desktop wallets<\/li><li>Exchange wallets<\/li><\/ul><h4><strong>Cold Wallets<\/strong><\/h4><p>Offline storage devices.<br \/>Examples:<\/p><ul><li>Hardware wallets<\/li><li>Paper wallets<\/li><\/ul><p>Cold wallets are usually safer because they are harder to hack.<\/p><h2><strong>Public Keys and Private Keys<\/strong><\/h2><p>Cryptocurrency security depends on cryptographic keys.<\/p><h3><strong>Public Key<\/strong><\/h3><p>This works like your wallet address. You can share it with others to receive crypto.<\/p><h3><strong>Private Key<\/strong><\/h3><p>This acts like a password. It gives access to your funds. Never share it with anyone.<\/p><p>If someone gets your private key, they can steal your cryptocurrency.<\/p><h2><strong>Why Cryptocurrency Prices Change<\/strong><\/h2><p>Crypto prices move because of supply and demand.<\/p><p>Several factors influence prices:<\/p><h3><strong>Market Sentiment<\/strong><\/h3><p>Positive or negative emotions strongly affect crypto prices.<\/p><h3><strong>News and Regulation<\/strong><\/h3><p>Government decisions or regulations can move the market quickly.<\/p><h3><strong>Adoption<\/strong><\/h3><p>When companies or institutions adopt crypto, prices often rise.<\/p><h3><strong>Bitcoin Movement<\/strong><\/h3><p>Bitcoin heavily influences the entire crypto market.<\/p><p>Crypto markets are highly volatile. Prices can rise or fall very quickly.<\/p><h2><strong>Advantages of Cryptocurrency<\/strong><\/h2><h3><strong>Fast Global Payments<\/strong><\/h3><p>Crypto allows people to send money worldwide quickly.<\/p><h3><strong>Decentralization<\/strong><\/h3><p>No central authority controls the system.<\/p><h3><strong>Accessibility<\/strong><\/h3><p>Anyone with internet access can use cryptocurrency.<\/p><h3><strong>Transparency<\/strong><\/h3><p>Blockchain records are publicly visible.<\/p><h3><strong>Investment Opportunities<\/strong><\/h3><p>Many people trade or invest in crypto for potential growth.<\/p><h2><strong>Risks of Cryptocurrency<\/strong><\/h2><p>Crypto also comes with important risks.<\/p><h3><strong>Volatility<\/strong><\/h3><p>Prices can change dramatically in a short time.<\/p><h3><strong>Security Threats<\/strong><\/h3><p>Hackers sometimes target exchanges or wallets.<\/p><h3><strong>Lack of Regulation<\/strong><\/h3><p>Some regions still have unclear crypto laws.<\/p><h3><strong>Scams<\/strong><\/h3><p>Fake projects and fraud exist in the crypto space.<\/p><h3><strong>Irreversible Transactions<\/strong><\/h3><p>Once sent, crypto transactions usually cannot be reversed.<\/p><p>This is why education and security are extremely important.<\/p><h2><strong>Cryptocurrency vs Traditional Money<\/strong><\/h2><table><tbody><tr><td><p><strong>Feature<\/strong><\/p><\/td><td><p><strong>Cryptocurrency<\/strong><\/p><\/td><td><p><strong>Traditional Money<\/strong><\/p><\/td><\/tr><tr><td><p>Controlled By<\/p><\/td><td><p>Decentralized network<\/p><\/td><td><p>Central banks<\/p><\/td><\/tr><tr><td><p>Physical Form<\/p><\/td><td><p>Digital only<\/p><\/td><td><p>Physical and digital<\/p><\/td><\/tr><tr><td><p>Transaction Speed<\/p><\/td><td><p>Often faster<\/p><\/td><td><p>Sometimes slower<\/p><\/td><\/tr><tr><td><p>Availability<\/p><\/td><td><p>24\/7<\/p><\/td><td><p>Limited banking hours<\/p><\/td><\/tr><tr><td><p>Transparency<\/p><\/td><td><p>Public blockchain<\/p><\/td><td><p>Private banking systems<\/p><\/td><\/tr><\/tbody><\/table><p>Both systems have strengths and weaknesses.<\/p><h2><strong>How People Use Cryptocurrency<\/strong><\/h2><p>People use crypto in different ways:<\/p><ul><li>Online payments<\/li><li>Trading and investing<\/li><li>International transfers<\/li><li>Decentralized finance (DeFi)<\/li><li>NFT purchases<\/li><li>Gaming and digital services<\/li><\/ul><p>The use cases continue growing every year.<\/p><h2><strong>Cryptocurrency Trading<\/strong><\/h2><p>Many people trade cryptocurrencies to profit from price movement.<\/p><p>Popular crypto trading assets include:<\/p><ul><li>Bitcoin<\/li><li>Ethereum<\/li><li>Solana<\/li><li>XRP<\/li><\/ul><p><a href=\"https:\/\/trade247.com\/en-ae\/\">Trade 24\/7<\/a> provides access to crypto trading through the MT5 platform, allowing traders to monitor charts, analyze trends, and manage positions securely.<\/p><h2><strong>Common Beginner Mistakes in UAE<\/strong><\/h2><p>Many new cryptocurrency investors in the UAE make avoidable mistakes when entering the market. Understanding these common errors can help reduce risks and improve decision-making.<\/p><h3><strong>Ignoring Security<\/strong><\/h3><p>Always protect your private keys, passwords, and wallet access details. Using strong security measures can help safeguard your digital assets.<\/p><h3><strong>Following Hype<\/strong><\/h3><p>Many beginners make investment decisions based on social media trends or market excitement without understanding the underlying asset.<\/p><h3><strong>Investing Too Much<\/strong><\/h3><p>Cryptocurrency markets can be highly volatile. It is important to invest responsibly and only use funds you are prepared to risk.<\/p><h3><strong>Not Researching Projects<\/strong><\/h3><p>Before investing, take the time to understand the purpose, technology, and potential risks of a cryptocurrency project.<\/p><h2><strong>Tips for Beginners<\/strong><\/h2><ul><li>Start small<\/li><li>Learn blockchain basics<\/li><li>Use trusted platforms<\/li><li>Enable two-factor authentication<\/li><li>Practice proper risk management<\/li><li>Focus on long-term learning<\/li><\/ul><p>Crypto rewards patience and education.<\/p><h2><strong>Final Thoughts<\/strong><\/h2><p>Understanding how cryptocurrency works is important for anyone entering the world of digital finance. Cryptocurrency combines blockchain technology, decentralized networks, and secure digital transactions to create a modern financial ecosystem.<\/p><p>While crypto offers potential opportunities, it also comes with risks and market volatility. For beginners in the UAE, focusing on education, security, and informed decision-making can help build a stronger foundation before investing.<\/p><p>As cryptocurrency adoption continues to grow in the UAE and globally, understanding concepts such as blockchain, digital wallets, mining, and crypto transactions will become increasingly valuable. Trade 24\/7 provides access to cryptocurrency trading through MT5, allowing traders to explore crypto markets using advanced trading tools within a regulated trading environment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8cd1968 e-flex e-con-boxed e-con e-parent\" data-id=\"8cd1968\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bb0e65e elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"bb0e65e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInLeft&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQs<\/h2>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-14a8f28 e-con-full e-flex e-con e-child\" data-id=\"14a8f28\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dbe599d elementor-widget elementor-widget-zg_faq_tabs_slider\" data-id=\"dbe599d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"zg_faq_tabs_slider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/trade247.com\/en-ae\/wp-content\/themes\/zakegenesis\/css\/elementor-faqs-tab.css\">\n            <div id=\"zg-faq-dbe599d\" class=\"zg-faq-tabs-container\">\n                <div class=\"zg-tabs-header\">\n                                            <button class=\"zg-tab-item active\" data-tab=\"0\">\n                            Tab 1                        <\/button>\n                                    <\/div>\n\n                                    <div class=\"zg-faq-content active\" data-tab-content=\"0\">\n                                                    <div class=\"zg-faq-item\">\n                                <div class=\"zg-faq-question-wrapper\" tabindex=\"0\">\n                                    <div class=\"zg-faq-question\">How Does Bitcoin Work?<\/div>\n                                    <div class=\"zg-faq-toggle\">+<\/div>\n                                <\/div>\n                                <div class=\"zg-faq-answer\"><p>Bitcoin works through blockchain technology, a decentralised digital ledger that records and verifies transactions across a global network of computers. When Bitcoin is sent, the transaction is validated by the network and permanently added to the blockchain. This allows secure, transparent, and peer-to-peer transfers without relying on banks or central authorities. Bitcoin continues to gain attention in the UAE as interest in digital assets and blockchain technology grows.<\/p><\/div>\n                            <\/div>\n                                                    <div class=\"zg-faq-item\">\n                                <div class=\"zg-faq-question-wrapper\" tabindex=\"0\">\n                                    <div class=\"zg-faq-question\">How does cryptocurrency work in simple terms?<\/div>\n                                    <div class=\"zg-faq-toggle\">+<\/div>\n                                <\/div>\n                                <div class=\"zg-faq-answer\"><p>Cryptocurrency works using blockchain technology. Transactions are verified by computer networks instead of banks and are stored securely on a digital ledger.<\/p><\/div>\n                            <\/div>\n                                                    <div class=\"zg-faq-item\">\n                                <div class=\"zg-faq-question-wrapper\" tabindex=\"0\">\n                                    <div class=\"zg-faq-question\">What is blockchain?<\/div>\n                                    <div class=\"zg-faq-toggle\">+<\/div>\n                                <\/div>\n                                <div class=\"zg-faq-answer\"><p>Blockchain is a digital record system that stores transactions in connected blocks. It keeps cryptocurrency secure and transparent.<\/p><\/div>\n                            <\/div>\n                                                    <div class=\"zg-faq-item\">\n                                <div class=\"zg-faq-question-wrapper\" tabindex=\"0\">\n                                    <div class=\"zg-faq-question\">Is cryptocurrency safe?<\/div>\n                                    <div class=\"zg-faq-toggle\">+<\/div>\n                                <\/div>\n                                <div class=\"zg-faq-answer\"><p>Cryptocurrency itself is secure because of blockchain technology, but scams and hacking risks still exist. Users should follow strong security practices.<\/p><\/div>\n                            <\/div>\n                                                    <div class=\"zg-faq-item\">\n                                <div class=\"zg-faq-question-wrapper\" tabindex=\"0\">\n                                    <div class=\"zg-faq-question\">Why does cryptocurrency have value?<\/div>\n                                    <div class=\"zg-faq-toggle\">+<\/div>\n                                <\/div>\n                                <div class=\"zg-faq-answer\"><p>Cryptocurrency gains value from supply, demand, technology, adoption, and market confidence.<\/p><\/div>\n                            <\/div>\n                                                    <div class=\"zg-faq-item\">\n                                <div class=\"zg-faq-question-wrapper\" tabindex=\"0\">\n                                    <div class=\"zg-faq-question\">Can beginners use cryptocurrency?<\/div>\n                                    <div class=\"zg-faq-toggle\">+<\/div>\n                                <\/div>\n                                <div class=\"zg-faq-answer\"><p>Yes. Beginners can buy, store, and trade crypto using beginner-friendly apps and platforms.<\/p><\/div>\n                            <\/div>\n                                                    <div class=\"zg-faq-item\">\n                                <div class=\"zg-faq-question-wrapper\" tabindex=\"0\">\n                                    <div class=\"zg-faq-question\">Is cryptocurrency legal in the UAE?<\/div>\n                                    <div class=\"zg-faq-toggle\">+<\/div>\n                                <\/div>\n                                <div class=\"zg-faq-answer\"><p>Yes, cryptocurrency activities are permitted in the UAE through regulated platforms and under the oversight of relevant authorities. Investors should ensure they use licensed providers and stay informed about the latest regulatory requirements.<\/p><\/div>\n                            <\/div>\n                                                    <div class=\"zg-faq-item\">\n                                <div class=\"zg-faq-question-wrapper\" tabindex=\"0\">\n                                    <div class=\"zg-faq-question\">Can I trade cryptocurrency in the UAE?<\/div>\n                                    <div class=\"zg-faq-toggle\">+<\/div>\n                                <\/div>\n                                <div class=\"zg-faq-answer\"><p>Yes, residents of the UAE can trade cryptocurrencies through approved trading platforms. Before trading, it is important to understand the risks involved and choose a platform that complies with applicable UAE regulations.<\/p><\/div>\n                            <\/div>\n                                            <\/div>\n                            <\/div>\n\n            <script>\n            (function() {\n                const container = document.getElementById('zg-faq-dbe599d');\n                if (!container) return;\n\n                \/\/ Tabs\n                const tabButtons = container.querySelectorAll('.zg-tab-item');\n                const tabContents = container.querySelectorAll('.zg-faq-content');\n                \n                tabButtons.forEach((btn, index) => {\n                    btn.addEventListener('click', () => {\n                        tabButtons.forEach(b => b.classList.remove('active'));\n                        tabContents.forEach(c => c.classList.remove('active'));\n                        btn.classList.add('active');\n                        tabContents[index].classList.add('active');\n                    });\n                });\n\n                \/\/ FAQs - \u2705 FIXED EVENT DELEGATION\n                container.addEventListener('click', function(e) {\n                    const question = e.target.closest('.zg-faq-question-wrapper');\n                    if (question) {\n                        question.classList.toggle('active');\n                    }\n                });\n\n                \/\/ Keyboard navigation for tabs\n                container.addEventListener('keydown', (e) => {\n                    if (e.key === 'ArrowLeft' || e.key === 'ArrowRight') {\n                        e.preventDefault();\n                        const currentActive = Array.from(tabButtons).findIndex(btn => btn.classList.contains('active'));\n                        const newIndex = e.key === 'ArrowLeft' \n                            ? (currentActive - 1 + tabButtons.length) % tabButtons.length\n                            : (currentActive + 1) % tabButtons.length;\n                        setActiveTab(newIndex);\n                    }\n                });\n\n                \/\/ Keyboard navigation for FAQs (Enter\/Space)\n                container.addEventListener('keydown', (e) => {\n                    if (e.key === 'Enter' || e.key === ' ') {\n                        e.preventDefault();\n                        const question = e.target.closest('.zg-faq-question-wrapper');\n                        if (question) {\n                            question.click();\n                        }\n                    }\n                });\n            })();\n            <\/script>\n            \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Many people wonder how cryptocurrency works and why it has become so popular around the world, including in the UAE. Cryptocurrency is a type of digital money that uses technology called blockchain to record and secure transactions. Unlike traditional currencies, cryptocurrencies are decentralized, meaning they are not controlled by banks or governments. Over the last [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[],"class_list":["post-3220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/posts\/3220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/comments?post=3220"}],"version-history":[{"count":13,"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/posts\/3220\/revisions"}],"predecessor-version":[{"id":3246,"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/posts\/3220\/revisions\/3246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/media\/3222"}],"wp:attachment":[{"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/media?parent=3220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/categories?post=3220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trade247.com\/en-ae\/wp-json\/wp\/v2\/tags?post=3220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}