The way we work, communicate, shop, or make a payment has changed significantly due to technology. Whether it is the consumers or companies, most don’t always prefer cash anymore. That’s the reason why Apple Pay, PayPal, Google Pay, and other contactless payments are gaining prominence. Investing in cryptocurrency is now as easy as scrolling on your phone.
With smartphones now available to even the most economically vulnerable persons, people can now make payments for items at digital registers. This has given rise to yet another payment system emerging fast currently, which is cryptocurrency. In fact, cryptos are not only payment systems but are also tradeable and investible. There are thousands of cryptocurrencies available and more are hitting the market every day. You must have heard about Bitcoin. It is the largest crypto, in terms of market capitalization and a great long term investment asset.
A cryptocurrency is a digital payment system, which does away with any kind of intermediaries such as banks for transactions and their verifications. Cryptos are decentralized, peer-to-peer systems that help in sending and receiving payments. The digital currencies are stored in digital wallets.
Unlike physical fiat currencies, cryptocurrency payments are made virtually and all the entries are made digitally on online databases. All the transaction history is available publicly. When crypto funds are transferred, they are recorded on a public ledger. This decentralized technology on which this publicly verifiable system is based is called a blockchain, which is also known as DLT or Distributed Ledger Technology.
As transactions of digital assets eliminate the requirement of intermediaries, the fees of a transaction are low and the time required for transfer is almost instantaneous. While banks take multiple days for the payment to take place, crypto payments are done within seconds and minutes.
Yes, leading cryptocurrencies are good to invest in because they provide investors with an extremely high return on investment (ROI). However, the prices of digital currencies are highly volatile, where a 10% fluctuation of price is considered normal. That’s why crypto assets are regarded as high-risk ones.
You can buy Bitcoin (BTC), Ethereum (ETH), and other altcoins through reliable digital coin exchanges/brokers such as Coinbase, Binance, Kraken, Birfinex, and others easily, safely, and securely.
As cryptos are inherently anti-inflationary (because of fixed supply coins in the system) and the inflationary pressure is increasing in this highly uncertain global economy, more and more large institutional/corporate investors are parking their money in Bitcoin and other altcoins. This is the reason why the cryptocurrency is witnessing phenomenal growth since 2020, confirmed by Chainalysis data.
In fact, many corporate giants have also started to accept Bitcoin such as Tesla, Starbucks, and leading most online and brick-and-mortar casinos. With the scope of mass adoption increasing rapidly, cryptos are witnessing phenomenal growth in prices.
The ROI of most top-20 cryptocurrencies have surpassed return from other assets (such as gold and real estate) significantly. In the last 5-years, the ROI of Bitcoin is +7,728% (with an average yearly ROI of +1,545.6%).
Step #1: First of all, choose a crypto exchange or broker through which you want to buy your preferred digital coin.
Step #2: Sign-up with a chosen exchange and verify your email id/identity.
Step #3: Add details of your bank account/credit card/debit card and deposit money in the account.
Step #4: Go to the buy crypto section and choose the digital currency that you want to trade.
Step #5: Enter the amount of money you want to buy cryptocurrency. Double-check the details and also make confirmation of the purchase.
Step #6: Transfer the bought cryptocurrency into your crypto wallets (hot or cold).
If you are ready to invest in altcoins or buy Bitcoins through online brokerage accounts of centralized or decentralized cryptocurrency exchanges, you can do so in a legit way by investing through cryptocurrency apps. You have to open an account with such an exchange, verify details (including basic personal information), and then fund your cryptocurrency trading account.
The best thing about Bitcoin and different types of cryptocurrencies is that the transactions are done without the intervention or involvement of central banking authorities or other banking entities. This is one of the reasons why more and more investors (including corporates, venture capitals, and institutional investors) are heavily investing in cryptos.
You can start depositing funds to your crypto exchange account to buy cryptocurrencies by connecting your bank account (savings accounts or checking accounts), transferring fiat currency money online through bank transfer, credit cards, debit cards, and other payment options. If you need further assistance, you may consider taking help from the vibrant and helpful cryptocurrency communities. You can trade cryptos with credit cards (business credit cards or personal ones), debit cards, or other payment options through reliable crypto trading platforms. You can also check the savings calculator to know how much you should save on a weekly, monthly, or yearly basis. Check the financial news to know more about the prospects of various assets so that you can build long term wealth.
In case you are bullish on the future prospects of Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, and other altcoins, you can start investing in Bitcoin and other altcoins with USD. Then transfer them to hot wallets (including mobile app wallets and software wallets) or cold wallets (including most secure hardware wallets) and hold them for a longer time period for a significant price appreciation. Keep your XRP safe with Ledger Nano S, Trezor One, other Ledger and Trezor models, or other popular ones.
This will help you get a higher return in the long run, much more than investing in stocks, mutual funds, index funds, real estates, yield savings accounts, real estate investment trusts, fiat currency trading (forex trading), and others. In fact, many retirement funds or IRA accounts such as Roth IRA are allowing cryptocurrency investors to purchase XRP, Bitcoin, Chainlink, and other digital assets of investment in the portfolio so that the prospects of these funds increase due to the higher returns of cryptos. If you are thinking about building wealth, you should include cryptos in your portfolio like other crypto investors.
Therefore, it can be concluded that holding Bitcoin Ethereum and other cryptos can help you to build real wealth and multiply your net worth. You can learn investing basics to buy crypto currency and other digital assets to make more gains. You can start going through Wall Street Journal and other investing magazines on cryptos to learn more about investing in cryptocurrencies and make better financial decisions. You can learn about valuation calculation to true bitcoin value and assess the overpriced or underpriced situations instantly. As a beginners guide, you may also check out the trading basics provided by various cryptocurrency exchanges such as Coinbase, Binance, Kraken, and others. There are many brokers for beginners as well. So, read reviews of customers before joining a crypto exchange.
Defi tokens and NFTs (Non Fungible Tokens) are the next generation of crypto coins. These decentralized coins have started to become very popular among traders who trade cryptocurrency. You can buy and sell them through cryptocurrency trading platforms too. Whether you buy Ethereum ETH or buy Dogecoin, you should also invest in Chainlink LINK, Litecoin LTC, Binance Coin, Cardano ADA, Polkadot DOT, Dogecoin DOGE, and trade Litecoin LTC for better diversification of coins. To diversify your portfolio, you may also buy stocks through stock brokers.
Get better guidance on improving your personal finance, retirement planning, management of cash flows or capital gains, and investment ideas from financial advisors and wealth managers, especially the ones who are not averse to cryptocurrencies such as Bitcoin and others.
While day trading, you should always try to invest only that much which you can afford to lose money. When you do margin trading, be very careful. Financial protection must be there in your mind always while you make cryptocurrency trades. That’s why having a secure financial plan is so important. While investing in cryptos, try to buy BTC, LTC, and others through centralized or decentralized exchanges and reliable online brokers.
Cryptocurrency Trading Robots (such as NapBots.com) automatically scan the market in real-time and trade for you. They run 24×7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.
Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.
NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.
The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.
You may also check “Napbots Review – Simple Way To Increase Your Crypto Returns” before taking the plunge.
NapBots crypto trading software is special because it comes with:
With NapBots, you can enjoy financial independence by trading cryptocurrencies on autopilot mode and earn money automatically. To make it work on your behalf, you have to do the following:
Step #1: Connect to one of the available trust exchanges.
Step #2: Select from the unique list of performing Bots of NapBots
Step #3: Choose a plan that suits your investment style
Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!
If you still need assistance, you can refer to the following guides: