14 April 2026
What is cryptocurrency and how it works in practice
14 April 2026
Many have heard about crypto but put off getting acquainted: "complicated," "unclear," "not for me." We will sort it out step by step — without magic, unnecessary jargon, or false analogies. And at the end — a bonus for those who decide to try it for the first time.
What is cryptocurrency?
It is a digital asset that exists only on the internet. Each transaction is recorded in an open ledger (blockchain) and verified by thousands of nodes. Thanks to this, transfers go directly between participants, without bank intermediaries. This means: around the clock, often faster and with lower fees — especially for international payments.
How is cryptocurrency different from traditional transfers?
• Speed and availability: transfers do not depend on bank business days or time zones.
• No intermediaries: you interact directly with the network.
• Full owner responsibility: there is no support service in the blockchain to reverse a transfer or refund funds sent by mistake. Transfers are irreversible.
What is a crypto wallet?
It is a tool for transacting with digital currency. To create one, you need to sign up with one of the specialized platforms of your choice. You will then receive a public and a private key that keep your funds secure.
3 rules that will protect you from losses
1. Always check the address and network before sending. A crypto transfer cannot be canceled.
2. The transfer network must match. For example, USDT exists on different networks (TRC-20, ERC-20, BEP-20, etc.). When funding via your account, the system will prompt the required network.
3. Speed and fees depend on the blockchain. Confirmation usually takes from 1 to 30 minutes, but during periods of high load it may take longer.
How to fund your balance with cryptocurrency in your SOLARGROUP account
1. Open the "Wallet" section — click "Top up balance". In the list of funding methods, select any cryptocurrency that suits you.
2. Enter the transfer amount. The system will generate an address and a more precise payment amount.
3. Send the funds from your crypto wallet. After network confirmation, the funds will appear in your balance.
Bonus for your first introduction to crypto
We want your first experience to be not only safe but also rewarding. Therefore, through April 26 inclusive, for those who have not yet funded their account with cryptocurrency:
• first top-up — cashback 20%,
• next two top-ups — cashback 5%.
The more you try — the more funds are available for working with investment projects of SOLARGROUP. Promotion details — in your account.
*The translation is done with the help of artificial intelligence.
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