http://www.tradeinspired.com/post/what-is-cryptocurrency-and-how-do-you-buy-it
What is cryptocurrency and what is all this hype about bubble bursting and skyrocketing value? Cryptocurrency is digital currency and is only transferable online, from user to user, with privacy and absolute freedom.
Cryptocurrency comes from a simple idea: What if your money was completely independent and not connected to any other entities, including banks, credit cards and other companies?
We take for granted that money is “ours” – even though traditionally fiat currency will always be subject to government regulations and provided by financial institutions.
The decentralization of cryptocurrency, is one reason why many people are interested in investing, not to mention the high value of, for example, Bitcoin. However, it’s not the only reason and for that matter, Bitcoin is no longer the only player on the world scene.
In this cryptocurrency guide, we’re going to discuss what cryptocurrency is, which major cryptocurrencies exists, and how you can earn money online with cryptocurrency in a variety of ways.
CHAPTER 1:What is Cryptocurrency?
Cryptocurrency is a digital currency, which means it is traded exclusively online and lacks a physical form. This is in stark contrast to traditional currencies, which are usually based on precious metals such as gold.
CHAPTER 2:Why You Should Use Cryptocurrency
There are major advantages to using cryptocurrency over fiat money virtual money options.
These include:
- Freedom of purchase
- No conflicts with payments
- Anonymity
- Worldwide Availability
- Lower Transaction Fees
- 24/7 Availability
CHAPTER 3:How Does Cryptocurrency Work?
Cryptocurrency isn’t printed like regular money and is not authorized by any authority- rather, it is generated automatically and strictly according to algorithmical rules. It depends on the specific currency what those algorithms are.
CHAPTER 4:How to Make Money with Cryptocurrency
When it comes to cryptocurrency, there are many strategies and methods that can earn you coins. It’s not surprising that multiple lucrative sub-fields have emerged from cryptocurrencies, really, given its potential for growth, innovation and profit.
- Buying and selling
- Buy and hold for dividends
- Staking currency
- Mining
- Day trading
Conclusion: If you want to choose a cryptocurrency transaction to profit, you should choose an exchange that provides multi-currency transactions and helps with trading services, such as the cryptocurrency exchange NabobTrade, for the best cryptocurrency investment.
http://www.tradeinspired.com/post/what-is-cryptocurrency-and-how-do-you-buy-it