Investing in Cryptocurrency, How to Get Started?
Whether you want to invest in Altcoins, or the larger and more well-known cryptocurrencies such as Bitcoin, Ripple or Ethereum, getting started is incredibly simple. You can trade cryptocurrencies on many of the popular trading platforms. We recommend the trading platform eToro , for both beginners and more experienced cryptocurrency investors.
The reason why eToro is popular for buying cryptocurrency is quite simple. With eToro, you can own your cryptocurrencies, where you can often only trade CFDs, where you do not directly own your cryptocurrency, but instead only follow the price. At eToro, you become the owner of the cryptocurrency.
Buy Cryptocurrency – How To
There are many different cryptocurrencies, so buying cryptocurrency has never been easier than it is today. When you need to buy cryptocurrency, you must of course first select the cryptocurrency you want to invest in. Buy cryptocurrencies on a trading platform if you want to have them stored as shares, for example, or store them yourself, where you have a greater risk of losing your money. Once you have created your account and logged in to it, you will see the image above, where you will see your watch list. You do not need to make a watch list, here I have made one for cryptocurrency. With Finexro platform you can find the solutions essential.
Now just click on e.g. Bitcoin to get the opportunity to buy
If you are in doubt about which ones you would like to invest in, simply select trading markets where you can click on “Crypto” and get an overview of all the different cryptocurrencies you can invest in.
Now you have come to the right place to choose the amount you want to buy Bitcoins for. At the bottom you can see that it says that you are making a real trade in cryptocurrency. Buy cryptocurrency on eToro if you want to own your cryptocurrencies.
You can also make a geared trade, by clicking where it says “X1” in the picture, then you will not own your cryptocurrency. You can also enter into a CFD trade if, for example, you choose to click on “sell” without having bought cryptocurrency at all. Here you can “short” which means that you bet against the market. So if it goes up, you lose money, but if it goes down, you make money.
Even if you want to invest in smaller projects, you will always need Ethereum or Bitcoin to invest in them. Smaller Altcoins will often only be found on cryptocurrency exchanges. Let’s take a closer look at what an Altcoin is for something and whether it is a better investment for you.