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How to trade cryptocurrencies – the basics of investing in digital currencies

2019-04-09 Investing No comment

Whether it's the idea of ​​the cryptocurrency itself or the diversification of its portfolio, people from all walks of life are investing in digital currencies. If you are unfamiliar with this concept and want to know what happened, here are some basic concepts and considerations for cryptocurrency investments.

What cryptocurrency is available, how do I purchase it?

With a market capitalization of about $278 billion, Bitcoin is the most mature cryptocurrency. Ethereum ranked second with a market capitalization of more than $74 billion. Under these two treaties, there are many other options, including Ripple [$2.8 billion], Litecoin [$1.7 billion], and MIOTA [$13 billion].

As the first person in the market, there are many exchanges in bitcoin transactions around the world. BitStamp and Coinbase are two well-known American derivatives. Bitcoin.de is a mature European exchange. If you are interested in trading other digital courses with Bitcoin, you can find the encryption market for all digital currencies in one place. Below is a list of transactions based on 24-hour trading volume.

What choice do I have to save?

Another important consideration is the storage of coins. Of course, one option is to store it on the exchange where you purchased them. However, you must be careful to choose an exchange. The popularity of digital treaties has been rejected in many new, unknown exchanges. Take the time to do your duty, so you can avoid scammers.

Another option for using cryptocurrencies is that you can store them yourself. One of the safest options for storage investment is the hardware wallet. Companies like Ledger allow you to store bitcoin and other digital conventions.

What is the market like, how can I learn more about it?

The cryptocurrency market is highly volatile. Market volatility makes it more suitable for long-term performance.

There are many well-established news sites reporting on digital treaties, including Coindesk, Business Insider, Coin Telegraph and Cryptocoin News. In addition to these sites, there are many Twitter accounts for digital treaties, including @BitcoinRTs and @AltCoinCalendar.

Digital currency is designed to undermine traditional currency and commodity markets. While these treaties still have a long way to go, the success of Bitcoin and Ethereum proves that this concept is truly interesting. Understanding the basics of cryptocurrency investments will help you get started in the right way.

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