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 based on blockchain 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.
• According to Parul 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 Advisor) are usually more trustworthy and offer better security.

Cryptocurrency Platforms

Coinbase

• 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 

eToro

• 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 $50.
• It offers trade between 6 different cryptocurrecies. 
• It has a unique feature where it allows new traders to practice trading and investing by using virtual money that the platform provides.