What cryptocurrencies are available and how do I get them?
With a market cap of about $278 billion, Bitcoin is regarded as the established cryptocurrency. Ethereum is second with a market limit of over $74 billion. Besides these two currencies, there are a variety of other options also, including Ripple ($28B), Litecoin ($17B), as well as MIOTA ($13B).
Being first to promote, there are a lot of exchanges for Bitcoin trade around the globe. BitStamp and Coinbase are two well-known US-based deals. Bitcoin.de is an established European exchange. In case you are interested in trading other digital currencies together with Bitcoin, then a crypto marketplace is in places you will find all the electronic currencies in one place. Listed here is a list of exchanges in accordance with their 24-hour trade volume.
What options should i store my money?
Another important consideration will be storage of the coins. One option, needless to say, is to store it on the exchange in places you buy them. However, you will have to be careful in selecting the actual exchange. The popularity of digital currencies offers resulted in many new, unknown exchanges appearing everywhere. Take the time to carry out your due diligence so that you can avoid the scammers.
Another choice you have with cryptocurrencies is you can store them oneself. One of the safest options for storing your investment will be hardware wallets. Companies like Ledger allow you shop Bitcoins and several other digital currencies as well.
What is the market like and the way can I learn more about it?
The cryptocurrency market varies a lot. The volatile nature of the marketplace makes it more suited for a long-term play.
There are lots of established news websites that report on digital currencies, including Coindesk, Business Core, Coin Telegraph, and Cryptocoin News. Besides these websites, there are also many Facebook accounts that twitter update about digital stock markets.
Digital currencies aim to disrupt the traditional forex and commodity industry. While these currencies still have a long way to look, the success of Bitcoins and Ethereum have proven that there is real interest in the concept. Knowing the basics of cryptocurrency investment will help you start in the correct way.