Cryptocurrency
Cryptocurrency is a fundamental change in the way we exchange things of value and trade. The concept of money has changed as a direct result of this explosion of electronic currencies coming online. It is a simple concept and is expected to become the money mechanism of the future.
Cryptocurrency alleviates the problems and restrictions with our current currencies and financial models in the following ways:
Cryptocurrency alleviates the problems and restrictions with our current currencies and financial models in the following ways:
⦁ Decentralized currencies,
⦁ Available world wide and no need for a bank account,
⦁ Driven by Blockchain Technology which even the banks are now adopting,
⦁ Powered by a global network of computers verifying ever single transaction which makes fraud is impossible,
⦁ Cryptocurrency transactions are anonymous and therefore private,
All these things mean a cryptocurrency is a common and non biased financial platform, available to everyone and does not need a Bank or institution behind it, it's self governing, self regulating, secure and available for everyone to use worldwide.
⦁ Available world wide and no need for a bank account,
⦁ Driven by Blockchain Technology which even the banks are now adopting,
⦁ Powered by a global network of computers verifying ever single transaction which makes fraud is impossible,
⦁ Cryptocurrency transactions are anonymous and therefore private,
All these things mean a cryptocurrency is a common and non biased financial platform, available to everyone and does not need a Bank or institution behind it, it's self governing, self regulating, secure and available for everyone to use worldwide.
Your Cryptocurrency Wallet.
So to start all you need is a electronic wallet, its a place where you store your cryptocurrency. Much like your bank account your cryptocurrency wallet has a unique address associated with it so that you can receive funds into it. When you send funds from your wallet to someone, or pay for things, you just need to know the wallet address of the recipient. Here are just a few places you can get a wallet:-
An easy place to start is Crypto.com it is very easy to use and they have a wide range of cryptocurrencies available. You simple open a free account, then exchange your normal currency into cryptocurrency, your account includes a Crypto wallet. If you just buy some Bitcoins today and leave them in your new Bitcoin wallet then as the value of Bitcoin increases (and decreases) you will see the value of your BTC (Bitcoin) change in real time.
Buying a cryptocurrency is no different to exchanging your currency when going on holiday. You pay a small fee to trade in your traditional currency and if you want your currency back then you just exchange it back again. Many people just buy Bitcoin and leave it in their wallet, and when they feel the time is right and the value has increased enough for them, they just exchange it back to the original currency. This is crypto trading in its most basic form and has made a lot of people very wealthy recently.
There are two ways to earn from crytpocurrencies:-
⦁ Buy and hold while they increase or decrease in value,
⦁ Trade them against normal currencies like BTC/USD
My Bitcoin wallet address:- peterantonio.crypto This is a new crypto product which you can use to have a memorable wallet address
If you find this page a useful introduction to crypto I would appreciate it if you use all my referral links above.
So to start all you need is a electronic wallet, its a place where you store your cryptocurrency. Much like your bank account your cryptocurrency wallet has a unique address associated with it so that you can receive funds into it. When you send funds from your wallet to someone, or pay for things, you just need to know the wallet address of the recipient. Here are just a few places you can get a wallet:-
- Binance exchange includes a free wallet, but it is best to transfer to a personal wallet for long term storage.
- Coin Base exchange includes a free wallet, but it is best to transfer to a personal wallet for long term storage.
- Crypto Visa Card exchange includes a free wallet and a Crypto Visa Card is also available. They also have their own coin (CRO)
- Hardware wallet This is the best type of wallet for long term storage although there are a lot of free personal software wallets available.
An easy place to start is Crypto.com it is very easy to use and they have a wide range of cryptocurrencies available. You simple open a free account, then exchange your normal currency into cryptocurrency, your account includes a Crypto wallet. If you just buy some Bitcoins today and leave them in your new Bitcoin wallet then as the value of Bitcoin increases (and decreases) you will see the value of your BTC (Bitcoin) change in real time.
Buying a cryptocurrency is no different to exchanging your currency when going on holiday. You pay a small fee to trade in your traditional currency and if you want your currency back then you just exchange it back again. Many people just buy Bitcoin and leave it in their wallet, and when they feel the time is right and the value has increased enough for them, they just exchange it back to the original currency. This is crypto trading in its most basic form and has made a lot of people very wealthy recently.
There are two ways to earn from crytpocurrencies:-
⦁ Buy and hold while they increase or decrease in value,
⦁ Trade them against normal currencies like BTC/USD
My Bitcoin wallet address:- peterantonio.crypto This is a new crypto product which you can use to have a memorable wallet address
If you find this page a useful introduction to crypto I would appreciate it if you use all my referral links above.
⦁ Buy and hold while they increase or decrease in value,
⦁ Trade them against normal currencies like BTC/USD My Bitcoin wallet address:- peterantonio.crypto This is a new crypto product which you can use to have a memorable wallet address |
If you find this page a useful introduction to crypto I would appreciate it if you use all my referral links above.