investing in cryptocurrencies is possible and doing it easily too.
But before talking about how to invest in cryptocurrencies we would have to evaluate the possibilities that these financial assets have in the future.
The market of digital currencies exists a few years ago, was implemented in 2011 with the departure of several cryptocurrencies that resembled the bitcoin blockchain.
Today, after the years of the exit of the few virtual currencies in the market, we find ourselves with cryptocurrencies that have future potential, while others are making a future.
Invest in cryptocurrencies so? When we invest in digital currencies we not only expect them to rise in price, we also hope that the company behind them will become innovative companies and give a practical and technological sense to the blockchain.
When we invest in cryptocurrencies, we invest in technology that can change the world.
Let’s take a practical example, when an investor buys the digital currency of the company Ripple (XRP) what he expects is that this company manages to continue attracting banks and financial entities as clients. As we all know, ripple uses the blockchain and its digital currency XRP to service international transactions and drafts to banks and financial entities. If the ripple company manages to continue increasing its customers its currency will be revalued.
What problem can we have in investing these assets? The main problem we can have when we invest in cryptocurrencies is not knowing what is behind, not all the companies that launch their currency to the market have a project behind, some simply seek capital raising.
So far the investment world of cryptocurrencies are still betting on bitcoin and Ethereum, however, in the market there are more than 2000 digital currencies, some of them come with big projects behind, so to make an evaluation before investing would be best.
How to invest in cryptocurrencies? The number one in customers around the world that allows you to buy and sell cryptocurrencies quickly is Coinbase.com, this company so far is leader with more than 10 million users. You just have to register and in a matter of minutes you can buy or sell any cryptocurrency you want. It should also be noted that the coinbase company allows you to change your digital currency for any other physical currency, this means that if you want to leave the market you can choose between the euro, dollar or peso.
Coinmama, this company gives us the same service as coinbase, they also have more than 4 million users. The difference with coinbase is that Coinmama has a wide range of options to pay your coins, from Western Union to pay in cash.
These two companies are the best known worldwide, however there are more than 2000 companies around the world that provide us with their Web and system to manage the purchase and sale of cryptocurrencies. These pages have the name of Exchange.
If you want to trade with cryptocurrencies and be aware of market movements as a trader, you have to register on a page that allows you to do so. The most famous ones and the ones that have more clients worldwide are eToro.com and Plus500.com but there are many more, like, Poloniex, Bittrex etc.
In these pages the registration is different to the Exchange since you have to have the funds to use and the documents up to date to register.