A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It uses cryptography for security purposes such as block chain mechanism which is a way of protecting information using mathematics. This medium of exchange allows people to make payments directly to each other without the need of any intermediaries such as banks financial institutions etc. These intermediaries usually charge some fees for such transactions especially for international payments. The term cryptocurrency has gained so much attention during the last few years. Investments in cryptocurrencies like bitcoin, Ethereum Litecoin etc.  have gone up around the world. But in India only a limited number of people have actual knowledge about cryptocurrencies and crypto trading. Also the legality of such trading is also a big question in our country. The purpose of the study was to determine the awareness level and perception of people about cryptocurrencies.

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Keywords: Cryptocurrency, Bitcoin, Ethereum Litecoin, Intermediaries.