How to trade cryptocurrency – the basics of investing in digital currencies

Whether it's the idea cryptocurrencies or diversify their portfolio, people from all walks of life to invest money into digital currency. If you re new to the concept and interested in what is going on, here are some of the basic concepts and views on investment in cryptocurrency.

Cryptocurrency are available and how to buy them?

With a market capitalization of around 278 billion dollars, with bitcoin & # 39 is the most established cryptocurrency. Ethereum ranks second with a market abroad for more than 74 billion dollars. In addition to these two currencies, there are a number of other options, including Ripple ($ 28B), Litecoin ($ 17B) and MIOTA ($ 13B).

Being the first in the market, there are many exchanges to trade bitcoin worldwide. BitStamp and Coinbase – Two well-known US stock exchanges. Bitcoin.de – the mood of European stock exchanges. If you are interested in trading other digital currencies with Bitcoin, the crypt in the market you will find all of the digital currencies in one place. Here is a list of stock exchanges in accordance with their 24-hour on & # 39 trade volume.

What options do I have to keep the money?

Another important question – is the storage of coins. One option, of course, is to keep it on the stock exchange, where you buy them. However, you have to be careful when choosing a stock exchange. The popularity of digital currency has led to a & # 39; the emergence of many new, unknown exchanges. Take time to do a proper care to avoid scams.

Another option that you have with cryptocurrency, lies in the fact that you can store them on their own. One of the safest investment options Storage – wallets with the equipment. Companies such as Ledger, you can store bitcoins and several other digital currencies.

What is the market and how can I learn more about it?

Cryptocurrency market fluctuates a lot. The unstable nature of the market makes it more suitable for a long-term game.

There are many established news sites that reported about digital currencies, including Coindesk, Business Insider, Coin Telegraph and Cryptocoin News. In addition to these sites, there are also a lot of Twitter accounts that write about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies tend to break the traditional market currencies and commodities. While these currencies still a long way, and the success of the Bitcoin Ethereum proved that this concept there is genuine interest. Understanding the basics of investing in cryptocurrency will get you started right.