Crypto Currency

Crypto Currency

How to invest in cryptocurrency Digital currency is slowly becoming the next big thing. But for many of us, the idea of money that is not paper-based can seem scary, or even crazy. But more and more people as well as companies, are seeing the benefits of using digital currency, or ‘cryptocurrency’, and the banks are starting to notice. This blog article will explain how you can invest in cryptocurrency, and why you might want to. It will also explain the basics of cryptocurrency and why it is a better alternative to the banks. What is cryptocurrency? Cryptocurrency, or digital money, is a currency that is stored and created online. The most popular example of this is Bitcoin. Cryptocurrency uses encryption to regulate the generation of the currency and make it secure, as well as to verify each transaction. It is through cryptography that cryptocurrency exists and allows for exchanging digital information. Why should you care? Going back to Bitcoin, the value of Bitcoin has risen dramatically. In 2009, when Bitcoin was released, 5000 Bitcoin (BTC) was worth $27. Now, 5000 Bitcoin is worth $12.5 million US dollars. That is a massive leap. Not only that but retailers are starting to accept Bitcoin as a valid form of payment, an example being Microsoft. How do you invest? Even though you may not understand fully what cryptocurrency is, you can’t deny that it makes sense to invest in this new digital currency, given its rate of growth. To invest in cryptocurrency, again, we use Bitcoin because it is the most popular and user-friendly. Choose a Bitcoin wallet Before you invest...

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