Prepared for Fajar A. | Delivered September 1, 2019
To provide an overview of the potential of cryptocurrency for future investors, including how to invest in it, the different platforms available to make online investments, and the risks associated with investing in cryptocurency.
Investing in cryptocurrency
To begin, it is important to understand
what you are investing in.
The most recognizable cryptocurrency, Bitcoin, is a
decentralized ledger system
technology. This can potentially allow the user to pay anywhere using their virtual wallets.
Cryptocurrency can be very attractive to investors because of the
fluctuation in prices.
As such, if an investor invests at the right moment, they can make money quickly.
Gurjal, CEO of Snowbalkl Money, it is imperative that the investor
does not put
all of his money into a single cryptocurrency. He should rather
diversify his portfolio
by carefully evaluating which coins have the potential to rise in valuation in the future, basically creating an index portfolio.
Another important factor is the platform one uses to invest. Professional platforms that have a
RIA (Registered Investment
are usually more trustworthy and offer better security.
It is one of the biggest cryptocurrency trading platforms, with over
200 million customers
and a daily transaction volume of $150 billion.
It is the best to use in the
US and the EU.
It is easy to use, has several levels of security, and offers trade between
15 different coins.
Their fees depend on the amount of money you are investing and vary from
$0.99 to $2.99
It is one of the biggest platforms for
cryptocurrency investment in Europe
but does allow some limited options for US customers as well.
It has a low minimum deposit limit of a $
It offers trade between
6 different cryptocurrecies.
has a unique feature where it allows new traders to
and investing by using virtual money that the platform provides.
4696 assignments | 5.0