How and where to invest in Crypto currency

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Here you will learn how to invest in Crypto currency (buying, holding, selling). Today it is quit easy to buy crypto.

(except in Nigeria anyway due to the FG ban) as there are standard platforms which enable you buy, sell and also send the money to your local bank. First lets understand what is crypto currency

What Is Cryptocurrency?

Digital money is any computerized cash, gotten by cryptography, which is utilized as a mechanism of trade that permits shared exchanges. Bitcoin the first blockchain cryptographic money, is a type of advanced cash designed in 2009 by a mysterious

originator utilizing the nom de plume Nakamoto. Cryptos aren’t overseen by a bank or public organization. All things

being equal, exchanges of cryptographic money tokens are regularly recorded on a public blockchain – contained advanced data put away on a data set.

Blockchain innovation is utilized to keep an online record of the multitude of exchanges, and it gives an information

design to the record that is viewed as secure. In contrast to fiat cash (officially bank money ), which is constrained by local banks, digital forms of money don’t need banks to check exchanges and are free of a focal financial position.

HOW AND WHERE TO BUY AND INVEST IN CRYPTO

I have been investing in crypto for long and i have used 3 major applications or platforms for this which i am going to share with you now

DISCLIAMER: i am not in anyway affiliated with these platforms, i only use them to invest in crypto, as i think they fulfil my investment needs, ie buying, holding, exchanging, selling and crediting my local bank.

  1. Binance.

this is one of the most popular platforms for trading, exchanging and investing crypto. all you need to do is download

the app from Playstore https://play.google.com/store/apps/details?id=com.binance.dev, or App Store for iPhone here

https://apps.apple.com/us/app/binance-buy-bitcoin-securely/id1436799971 Next you Register, verify your account,

Deposit from your local bank, then buy the coin you want. after buying you can leave it (that is holding) to let it

appreciate in price, this can vary in time. Then you can sell the coin back to your local currency and send to your bank

account. Other platforms i use work the same way and they are;

2. Crypto.com.

you can visit the website crypto.com to register and download the App

3. Luno

You may want to read Top 5 crypto coin to invest in 2021

How to credit your wallet if you are in Nigeria

Due to current ban on crypto in Nigeria, it is quit difficult to credit your wallet, so that you can buy a coin. how ever

you can use the p2p option in Binance app as well as buy bitcoin of other crypto coin directly from someone who has

the coin already. that way you will not have to credit your binance wallet.

Digital money exchanging fledglings might need to consider things like exchange expenses, the kind of cryptographic

forms of money accessible on the stage, unique contributions like assets for training and different highlights that line

up with your inclinations and objectives.

TradeStation, Coinbase, eToro and Gemini, among others, offer a simple, available and secure stage to possess and execute Bitcoin.

When putting resources into digital money, consider the job it will play in your portfolio.

Specialists say all that needs to be said to adopt a reasonable strategy toward putting resources into cryptographic

forms of money. Putra says a little bit between about 2% and 5% can be distributed to crypto in your venture portfolio

on the grounds that the instability of this resource can make its worth change drastically. Digital money is as yet

developing and advancing. All things considered, there is still theory, bringing about elevated unpredictability.

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About Eugene 19 Articles
My name is Eugene Oboh, I am a Scientist, currently focused on Data science, technology and Marine ecosystem modelling, I won the DAAD Scholarship in 2020 for my MSc programme in Germany after previously Lecturing at a public University in Nigeria where I graduated with a First Class. Scholarship4me Mentorship Join Scholarship4me Mentorship WhatsApp@ +4915167149821 OR email eugenebox20@gmail.com

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