Investment through cryptocurrency basic knowledge you need to know before buying your crypto

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Investment through cryptocurrency basic knowledge you need to know before buying your crypto

What do you need to know before you start investing in cryptocurrency?

Where and how to buy and which platforms to buy from

There has been a quite amount of impact cryptocurrency have brought to the entire globe since 2008, and now it is dramatically growing, but if you just heard it recently and you seem to be interested in buying or investing crypto, you must know first the risk and a little knowledge about how it works and where to buy it.

 

Cryptocurrencies are very volatile assets you have to think about your investment earn at the same time as how much are you willing to lose because if you are most likely to invest for $100 then you’re more likely to lose a $100 in a single day. 

Do your assignments as always researching is always going to be a good investment after all, take the time and effort to know what it is and how it works?




 

According to a freelance researcher Zulqarnain Cryptocurrencies are digital assets that have been designed to be used as a medium of exchange using cryptography to secure transactions, control creation, and verify transactions. 

Cryptocurrencies saw the light with Bitcoin back in 2008-2009, but currently, approximately 1,000 different cryptocurrencies are available for use on online markets.

 

What do you need to know before you start investing in cryptocurrency, in this platform you are very vulnerable to hacks that’s why you really need to discretely provide your info online.

You have to separate any info you provide in here with the info that you have personally like emails, you have to set safety precautions for your cybersecurity especially for your passwords.

 

Three types of crypto wallet, software (hot wallets) which means that it is connected to the internet, less safety wallet. 

Hardware wallet like Ledger Nano X which is not connected to internet and it holds private keys and generates keys to sign crypto transaction privately. 

And Paper wallet outside internet more like of a QR code pretty much safety.




 

Where and how to buy and which platforms to buy from? There are sites to buy bitcoin like, crypto.com, Paxful, and depending in your country there are lot of platform to buy bitcoin, for example, in my country we have coins.bitcoin.ph. 

I believe eToro has a cryptocurrency investment as well for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Stellar. The eToro Money crypto wallet is one of the safest crypto wallets available. 

There’s a lot of ways or method to buy your first bitcoin like wired transfer, PayPal, western union, cash deposit to bank, eBay gift cards.

Everyone is welcome to invest in crypto but you have to keep in mind the risk, but hey, if you are willing to take that risk and keen to have bitcoins then there’s no stopping for you to do so.

Just make sure you are well equipped and prepared for what going to happen next.

 

 

Credit to

 

TY  - JOUR

AU  - I., Zulqarnain

PY  - 2021/12/10

SP  -

T1  - Cryptocurrencies in 2022

ER  -

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