Investing in CRYPTOCURRENCY (at your OWN RISK) (ONLY INVEST WHAT YOU ARE OK TO LOOSE) (SOME AUTHORS RECOMMEND NO MORE THAN 10% OF YOUR NEST EGG ON CRYPTO) PROCEED AT YOUR OWN RISK.
A cryptocurrency (or crypto for short) may be a digital asset designed to figure as a medium of exchange wherein individual coin ownership records is stored during a ledger existing in the form of the computerized database using strong cryptography to secure transaction records, to regulate the creation of additional coins, and to corroborate the transfer of coin ownership.
It typically doesn’t exist in physical form (like paper money) and is usually not issued by a central authority. Cryptocurrencies typically use decentralized control as against centralized digital currency and central banking systems.
When a cryptocurrency is created before issuance or issued by a single issuer, it is generally considered centralized. When performing decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
How to buy cryptocurrency in 2021?
Bitcoin is that the first and hottest cryptocurrency and attracting more and more interest from users and investors. Nowadays, buying Bitcoin has become very easy, mostly thanks to online brokers.
How to buy crypto in 2021
• Choosing a broker like Coinbase to buy Bitcoin
• Create an account on the broker’s platform
• Deposit funds to the account
• Select Bitcoin and Buy
Bitcoin – virtual currency
Buying Bitcoins has never been more straightforward. There are indeed different ways to acquire crypto-currencies, and the offer has become very rich and varied.
However, it has also become more difficult for a novice to find the most relevant and safe offers to buy Bitcoin.
There are a few steps you need to take to complete your first bitcoin purchase, but if you’re ready and willing to accept them, we’ll quickly teach you how to buy Bitcoin.
• Open a Bitcoin account to start Investing in CRYPTOCURRENCY
Go here to register on the Coinbase site and open a Bitcoin account.
Once on the registration page, all you have to do is fill in the personal information fields, including last name, first name, and phone number. It would help if you also chose a username and password.
• Deposit funds
Once registered, you’ll be redirected to the platform to deposit funds.
To deposit funds and fund the account to buy bitcoin, go to “Fund your Account.” Then, you have to enter the amount you want to credit and the desired payment method (Visa, Mastercard, Maestro bank card, etc.) then the related information.
Click on “Continue to Payment” to complete the transaction. For a beginner, the first deposit of $ 250 is already substantial.
• How to buy bitcoin
To buy bitcoins from Coinbase, it’s straightforward.
You have to activate automated live trading by choosing:
• The amount of the trade
• Maximum trades per day
• Take profit
• Stop loss
• The asset to be traded (in this case BTC / EUR or BTC / USD, for example)
Finally, you must click on “Save Settings” to launch your first purchase of Bitcoins. So, you will let the robot place your trades.
How to invest crypto in 2021?
How to start investing in cryptocurrency? You can invest in cryptocurrency by purchasing tokens through a specialized platform. You can also trade cryptocurrencies through an online broker like Coinbase, by investing in a derivative that has virtual currency as its underlying.
If you’ve been interested in cryptocurrency trading but don’t know where to start, then this guide is for you. Before trading, it is essential to understand how to invest in cryptocurrency, the most promising digital currencies in 2021, and the investment strategies to put in place to profit from them.
How to invest in cryptocurrency?
Trading cryptocurrencies is not as difficult as you would possibly think. If you’ve got the proper broker and follow a few simple steps, it is even straightforward to do.
In this section, we’ll explain intimately how to trade cryptocurrency, following simple steps.
Step 1: Choose a broker to do crypto trading.
Above all, it must choose from the best brokers in crypto trading on the market in France to launch by putting the odds on its side. A crypto broker will offer you all the tools and trading training for very affordable price trading commissions.
Step 2: Open a trading account to invest in cryptocurrency
Our recommended platform is Coinbase. In the rest of our example, we will use Coinbase to illustrate how to open your trading account, deposit funds, and open a position.
Step 3: Fund your account
The Coinbase platform gives you the possibility to open your trading account with a minimum deposit amount of only 200 US dollars (USD).
You should know that all customer accounts, including those of the French, are held in American dollars (USD) and not euros (EUR). Therefore, your deposit will immediately be converted into USD at the exchange rate in effect at the time of deposit.
For convenience, you have a range of payment methods available to you: credit card (Visa, MasterCard, Maestro), PayPal, Neteller, and Skrill.
Step 4: Open a crypto position
Once you’ve got logged into your Coinbase account, purchase the cryptocurrency of your choice in cash. It is then necessary to choose in which cryptocurrency to invest.
On Coinbase, more than ten of them, from the best known such as Bitcoin (BTC), Ethereum (ETH), or Ripple (XRP) to the most promising among the last which have just been launched in the image of EOS (EOS) or Cardano (ADA).
What cryptocurrency to invest in in 2021?
For several years, virtual currencies have established themselves as an actual investment vehicle. Investing in Bitcoin remains the best-known choice and the oldest currency among them. According to experts, other cryptocurrencies have recently emerged and looked just as promising with plenty of trading opportunities.
The start investing in cryptocurrency the ten cryptocurrencies you will tell you about in the following lines seem interesting to us to follow (and potentially to buy) and could prove to be suitable investments in 2020 and for the years to come.