Cryptocurrency has dominated the news cycles and social media in recent years but has appeared to be everywhere we look most recently. Following the news that PayPal has begun to accept and use Bitcoin as a form of payment on their platform, there is no surprise that many people have taken it upon themselves to start investing in it.
So, if you are a complete novice on all thing’s Cryptocurrency, you might be asking yourself what it is, how you could invest in it, and how it would benefit you. You’re in luck! We will be covering these briefly below. Read on for more!
What is Cryptocurrency?
We are taking it back to basics here. For those who are not clued-up on Cryptocurrency, it is an online currency that was first created and founded by an anonymous source in 2009. First created as a method of payment that is not centralised by governments or associated regulatory bodies, Bitcoin and other forms of Cryptocurrency are now used as a way of paying for goods and services.
Growing in value and distributed by what is known as a blockchain, Bitcoin has grown in popularity throughout the years and does not look like it is slowing down anytime soon. Some celebrities have both backed Crypto by investing and purchasing their own but by also creating a version of Cryptocurrency themselves. Pretty cool, if you ask us!
So, suppose you are now wondering how you would go about investing in this revolutionary online form of payment. This leads us to the following paragraph, so stay tuned!
How to Invest in Cryptocurrency?
It is more straightforward than it first appears and can be done from the comfort of your own home thanks to technology! As an entirely online form of currency, you needn’t worry about needing to pay a visit to the bank anytime soon.
There is a vast range of ways that you can purchase cryptocurrency online and a vast range of cryptocurrencies available to buy; there are an estimated 4000 different cryptocurrencies available on the web, with that number growing by the day! You are sure to find something that suits you.
If you are interested in exchanging cryptocurrency for other investments and are looking to bolster your online investment portfolios, check out the piece written by Traders of Crypto. They have broken down the benefits of investing in Bitcoin and other cryptocurrencies, ideal for beginners and those who need to refresh their investment skills.
Benefits of Cryptocurrency
One main benefit of investing in Cryptocurrency is that you can readily access your funds at any time and can monitor the growth of your funds closely. As more people become interested in Crypto and invest themselves, the value of the currency steadily increases, so why not encourage your family and friends to join you on your investment journey too?
We hope that you are leaving us feeling more informed on all thing’s Cryptocurrency and can go forth knowing that your investments will soon pay their worth!