By Royce Kamari
Whether it’s the idea of cryptocurrency itself or diversifying their portfolios, people from all walks of life invest in digital currencies. If you are new in the concept and wonder what happens, here are some basic concepts and consideration for investment in Cryptocurrency.
What Cryptocurrency is available and how to buy it?
With a market close around $ 278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market limit of more than $ 74 billion. In addition to these two currencies, there are a number of other options too, including ripple ($ 28 billion), Litecoin ($ 17b) and Miaota ($ 13b).
Being the first to the market, there are many exchanges for Bitcoin trading throughout the world. Bitstamp and Coinbase are two well-known-based exchanges. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies along with Bitcoin, Marketplace Crypto is a place you will find all digital currencies in one place. Here is a list of exchanges according to their 24-hour trading volume.
What choice should I save my money?
Other important considerations are coin storage. One option, of course, is to save it on the stock exchange where you bought it. However, you must be careful in choosing an exchange. The popularity of the digital currency has produced many new exchanges that are not known to appear everywhere. Take the time to do a thorough test so you can avoid scammers.
Another option you have with Cryptocurrency is you can save it yourself. One of the safest options for storing your investment is a hardware wallet. Companies like lusters allow you to store Bitcoin and some other digital currencies too.
Like what market and how can I learn more about that?
Cryptocurrency market fluctuates a lot. The volatile properties of the market make it more suitable for long-term games.
