One of the first questions crypto people & non-crypto people ask when it comes to creating a new cryptocurrency is: How much does it REALLY cost to create a cryptocurrency? The truth is, the cost of developing a cryptocurrency depends entirely on your personal budget and goals.

However, in this article, we’ll show you how much it will really cost to put up a cryptocurrency for most people.

If you’re after a tutorial, then check out how to create a cryptocurrency (step by step)

What Do You Need to Create a Cryptocurrency?

You don’t necessarily have to hire a professional cryptocurrency developer to create a cryptocurrency. Even if you’re not tech-savvy, you can create any type of cryptocurrency on a budget thanks to different hashing, mining & consensus algorithms available on the online.

That said, if you don’t have a clue what hashing & consensus algorithms you’ll need to create a cryptocurrency, chances are you’ll overspend your budget on things that you’ll never need.

Explore here – Cryptocurrency Development Cost in 2020