Get Started With Cryptocurrency
#1 Bitcoin’s Role as a Global Asset
It’s no secret that Bitcoin is rapidly becoming the most profitable investment in human history. If you’d invested a mere $100 in 2010, you would be worth more than $100 million.
Like gold, Bitcoin provides a hedge against financial uncertainty and global financial turbulence, making it a good choice for investors trying to protect and grow their savings.
The digital currency is free to start pushing toward analysts’ $20,000 (or more) valuation.
Bitcoin does have traits that make it worth its valuation — at least in the eyes of federal governments, individuals, and corporations.
Even if Bitcoin doesn’t reach some lofty analyst expectations, with this major hurdle behind it, the digital currency is poised to soar.
If you would like to hold a fraction of BTC for long-term profits for years, you can start with purchasing one with Coinbase. It is rated the simplest and user-friendliest platform to get BTC.
#2 How to Store Your Bitcoin Safely?
With more money being invested in digital currencies now than ever before, and particularly given that many investors are new to the system and may not know how to keep their investments secure, hackers are coming up with ingenious ways of stealing funds.
The victims watched as their tokens were stolen away from them, with nothing they could do about it.
We store fiat cash in a physical wallet, and bitcoin works in a similar way, except it’s normally digital.
More secure than a desktop wallet is a hardware wallet. These wallets are bits of hardware, external devices like USB sticks which you can carry around on your person.
Our recommendation is always the compact Ledger USB Bitcoin Wallet that uses the smartcard security.
#3 Cryptocurrency Trading
There are many of alternative cryptocurrencies out there, but a select few are destined to achieve and perhaps surpass Bitcoin’s size and popularity.
For those who want to trade cryptocurrency despite the above notes:
A beginner should start by choosing a company with a good reputation that offers an exchange and wallet (to help keep the process simple). Yes, to start trading cryptocurrency you need to choose a legitimate and reliable exchange to trade on.
Our recommendation is Binance. Binance is capable of processing 1.4 mil orders/second, has multi-language support – Chinese, English, Korean, Japanese and has all the major coins available – BTC, ETH, LTC, BNB etc. Trading fee is 0.1%
As a beginner should also start by trading prominent coins, so in 2017 that is Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH)… in the future, this may change.