Before presenting the advantages of purchasing crypto currencies, and how your investment can be made, it is important to define the concept of cryptocurrency exchange for you. The crypto currencies are digital coins, created in 2008 by a programmer with the pseudonym Satoshi Nakamoto. They are virtual codes which can be converted to real values, and are protected by encryption, and block chain technology which guarantee the security of all transactions, made 100% over the internet.
What is block chain system?
The block chain system is a kind of decentralized, public, shared logbook that allows all users to check the operations that happen all the time, transparently. Cryptocurrency trading takes place through direct communication between the parties, without state regulation or interference by any financial authority and without payment of fees.
Bitcoin is today the best known cryptocurrency, and a reference for the digital market, being used as a basis to calculate the price of other currencies for sale. It behaves similarly to the dollar in the financial market. Bitcoin is not the only currency in existence or considered the best to invest. There are today thousands of other digital currencies registered in the virtual market which are called alt-coins such as Ethereum and Ripple.
But is cryptocurrency a passing wave?
In some parts of the world, cryptocurrency is already a reality of investment. Some large companies even accept payment for purchases of goods and services through these digital currencies. Exactly what the future of crypto currencies is not known, but there is a growing interest in how to make this kind of investment. First of all understand your investor profile and know that your loss can be 100%, but this must be done with awareness and care. Now it is possible to buy and sell digital currency with Binaryx, the most trusted crypto exchange platform for you.
Therefore, it is first important to set a percentage of your financial equity that you will invest in crypto currencies. At first, it is advised a maximum percentage around 0.5%. It is suggested that you not buy the whole percentage at one time. Dilute this value over a period of time, and make your purchases gradually to keep up with the market. This reduces your risk by restricting only a small portion of your equity to risk which can pay off in the future.