The success of investing in cryptocurrency depends on the right choice of digital money. Here, it is important to use a profitable cryptocurrency that will not lead you to losses. When choosing, evaluate the following factors:
Popularity. Find out how popular the cryptocurrency is among users. Great interest, availability on exchanges, rising value – all this indicates the popularity of digital money.
Mobility. Choose a currency that can be easily moved. It should have easy-to-use wallets.
Security. A good cryptocurrency should be protected from fraudsters.
Many modern cryptocurrencies have such characteristics. The most common in terms of investment, of course, is Bitcoin.
Bitcoin is the most valuable cryptocurrency for investors. It has been around for 12 years and has become the definitive standard for alternative remittances, surpassing all other cryptocurrencies.
Bitcoin is secure, mobile and incredibly popular with small and large investors. Over the past year, its value has increased dramatically, as you can see in the chart.
How to invest in Bitcoin?
Buying on Matbi. The first way is to use an exchanger. The exchanger “Matbi” offers a very favorable rate, which changes in real time. It should also be noted that there is no commission on “Matbi” to deposit by the most popular methods, including “Sberbank”. Since there is an exchange of rubles for cryptocurrency, this operation may well be called a purchase. But on “Matbi” it is also possible to make the sale of coins, as well as the exchange of one cryptocurrency for another. All this happens in automatic mode, without human involvement, and therefore – as quickly and seamlessly as possible.
Matbi supports work with several types of cryptocurrencies simultaneously, namely Bitcoin, Litecoin, Dash and ZCash. Matbi is the best service for those who are starting their acquaintance with cryptocurrency. In case a user has any questions, the Matbi team has prepared a detailed video tutorial. Matbi main
Buying on the exchange. The most profitable way to invest in BTC is to buy it on exchange. We use CEX.IO – it’s one of the few exchanges where you can quickly buy cryptocurrency with your bank card. For the first purchase the most simplified interface is suitable:
CEX exchangeCryptocurrency exchange at CEX.IO
Cloud mining. You’ve probably heard that mining cryptocurrency at home is unprofitable and mining is only possible by huge industrial farms. But no problem! Remote mining service IQ Mining offers you to earn bitcoins by mining other highly profitable coins. So-called “smart” mining automatically switches between the most profitable coins, which are then converted to bitcoin at the most profitable rate. This method of mining is by far the most profitable.
Trading. Speculative trading on the exchange requires certain knowledge and skills. Our guide will help you understand the basics of this business. The Binance exchange is currently the best suited for trading. It has everything: plenty of cryptocurrency pairs, huge trading volume, low commissions and high limits. You can also invest in other cryptocurrencies if you wish.
Step 1: Analyze the market. Every cryptocurrency has periods of growth and decline, there are always up and down trends in the market. Study the market and choose the investment direction that appeals to you the most and is relevant.
Step 2: Choose one or more cryptocurrencies to work with. The payback period and the amount of income depends on this.
Step 3: choose the size of your investment. Investing in cryptocurrency is a high-risk investment. For beginners, it is recommended to allocate an amount that you are not afraid to lose.
Step 4: Examine the risks involved. The high volatility of cryptocurrencies allows for quick gains and equally quick losses. The issue of legal regulation is also not clear yet. Study all potential risks of the market so you know what you can face in your business.
Step 5: Choose a secure vault. A cryptocurrency wallet will be needed for buying and selling transactions as well as withdrawals from services. We like Coinomi mobile wallet for daily use and Ledger Nano S hardware wallet for long-term storage of funds.
Step 6: get registered on the exchange. You can work on one or several exchanges. To choose a worthy exchange, you have to do your own research and compare all the options on the market. It is necessary to take into account the reputation, safety standards, study the commissions and the availability of the tools offered. We recommend choosing CEX.
Step 7: Buy a cryptocurrency. Bide your time to buy digital money at the lowest rate possible. Buy the currency on a downturn.