How do I invest in Cryptocurrency?

 How do I invest in Cryptocurrency?

A cryptocurrency is an encrypted form of digital currency. Cryptocurrencies use blockchain technology and don’t depend on financial institutions to verify transactions. This peer-to-peer system enables anyone to send and receive payments. When an individual transfers cryptocurrency, every transaction is recorded in a public ledger. Some of the popular Cryptocurrencies are Bitcoin, Ethereum, Litecoin. Even though India doesn’t have the set rules and regulations for cryptocurrency trading yet, the demand for crypto trading in India is on an all-time high and is expected to grow more over time. According to The Economic Times, there’s almost 400% in only just one year (From $923 million in April 2020 to almost $6.6 billion by May 2021). With Low internet rates, rising real estate prices, and increased taxation on Gold and Silver, more and more people are driven towards the higher return potential of cryptocurrency. Trading platforms like Digi Cox let the traders and investors, trade-in crypto with No Minimum Deposit, Swap-free, and Commission-free Trading, and with No Deposit Charges. 





Let’s take baby steps and learn How to invest in Cryptocurrency?

STEP 1: SELECT AN EXCHANGE


The first step in trading crypto is Signing up for a cryptocurrency exchange that will allow you to buy, sell, and hold cryptocurrency.  It is generally best practice to use an exchange that allows you to also withdraw their crypto to their own personal online wallet for safer keeping. 

STEP 2: CONNECT YOUR PAYMENT OPTION

After selecting an Exchange, you have to connect a payment option to your account. You can connect your bank account directly or you can pay with your debit or credit card. Though you can use a credit card to purchase cryptocurrency, it is generally something that should be avoided due to the volatility that cryptocurrencies can experience.

STEP 3: PLACE YOUR ORDER 

When you have chosen an exchange and connected a payment option, you can now buy Bitcoin and other cryptocurrencies. 

STEP 4: SAFE STORAGE

Storage is the most important step after you make your purchases. Crypto exchanges face the uncertainty of being hacked. Therefore, they must be stored securely. It is usually advisable to store your coins in a crypto wallet. Cryptocurrency wallets are a place to store digital assets securely. It gives you the ability to store funds away from an exchange and avoid the risk of your exchange getting hacked and losing all your funds. Like every investment, both risks and rewards are associated with cryptocurrency. You should look at all of your options before deciding.  To trade-in crypto with No Minimum Deposit, Swap-free, and Commission-free Trading, and with No Deposit Charges, open your account here go ahead and get started with Capital Sands Read more... 


Contact us


 


Comments

Post a Comment

Popular posts from this blog

The Forex Trading.

Image
What is Forex Trading and why should you invest in it?   Traders and Investors are always looking for a new way to invest and grow their capital.  And one of the new emerging markets in India is Forex or Foreign Exchange Market.  Forex is a Foreign Exchange Market where buying and selling Currency pairs are done digitally. Buy & Sell can be done through online network forex is an OTC market it means you just need a laptop and network connectivity for trading through anywhere in the world. Some of the major Forex Trading Currencies are:  EUR vs USD USD vs JPY GBP vs USD USD vs CNY Suppose you are traveling around the world. You can’t always make your payments in one currency. You convert your currency to the foreign currency at the respective exchange price to the country you are visiting.  Similarly, In forex trading, you buy foreign currency as an investment just like you would buy a stock, bond. One earns a profit through the value of the investment going up or down. Yes, you rea
Read more

Commodity Trading

Image
What is Commodity Trading in India? India has six national commodity exchanges. The commodity exchange is listed in the economic sector. You can also trade commodity-related investments on the stock market. There are several ways to trade in the commodity market. The commodity exchange operates on the simple principle of supply and demand. When supply is lower, demand increases and prices rise. If there is an oversupply, prices are lowered to clear the market. As prices drop, so does the purchase. Best trading company In commodity trading in India, you trade commodities by buying stocks of companies whose price is dependent on commodities, and by buying mutual funds, index funds, or exchange-traded funds that focus on commodity-related companies. Benefits of Trading Raw Materials. Low margins and high leverage returns A hedge against inflation It is linked to the international market scenario An important instrument for portfolio diversification Disadvantages of Commodity Trading. Lev
Read more

Forex Signals.

Image
Traders must know about Forex Signals. Forex signals are types of trade signals that are focused on the currency exchange market. They are necessary; otherwise, foreign exchange traders will not have any information regarding what is available for trade-in a timely manner  the best Forex Trading company in the Globe . If there were forex signals, it might be very difficult or even impossible for a trader forex trading platforms in India to decide whether to buy or sell currencies or even enter or leave the foreign exchange market when it is needed. Using forex signals will facilitate will make possible informed decisions on what actions a trader should make when it comes to the foreign exchange market. The Foreign Exchange Market. Generally, forex signals are used by all kinds of traders, not just those playing the foreign exchange market. Importers and exporters need to pay attention to exchange rates so that selling and buying products and services could be done at opportune moments
Read more