Safety And Security

SAFETY AND SECURITY.

For new investors, cryptocurrency is the buzzword. As much as it is promising in terms of giving returns over a short time, it is also volatile and risky.

The whole idea of cryptocurrency is based on a distributed ledger that stores information on every transaction or trade. Also, the trade is protected by high-grade cryptography.

The simplest way of investing in cryptocurrency is by trading (buying and selling) any crypto coin like Bitcoin, Ethereum, Dogecoin, Cadence, etc. These are done through online exchanges where investors open an account and start the trade by buying cryptocurrency and selling when it rises in value, to make a profit.

Just as trading in normal currencies (for example AUD to USD etc), cryptocurrency can fluctuate by going up or down in value. However, cryptocurrencies are more volatile to market changes than normal currency but far more exciting.

 

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