Right Way of Investing Crypto Currency

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Today I would like to talk about a topic which one people are not aware of is the right way of investing crypto currency in different ways. And its called “right way”. Yes it can be done by any means, but it's not really important in this article. So let’s get started with some basic words first. How did you hear right way? “ What are the main two kinds of investments in cryptocurrency?”. It comes from that way of thinking you always think over your decisions. What if there is no guarantee for doing well. Yes there is no such thing as surety. As human we all have our own experiences and we have been trained on how to do things right and in this case if they don't do correct thing then it will make mess in life. The right way is that way of investing in cryptocurrency, by making sure only few people know about this. If other person knows about the same then it will give trust to that person. So how’s the investment? It’s an opportunity to earn money and buy more of them if you want. Let’s take an example of ‘Bitcoin trading’. When you buy bitcoin, it takes time, but when someone can access to it then it becomes fast and reliable because you can even start using bitcoins immediately even with small amount of money.

But another kind of investment is buying coins in real business. To buy goods in the store it takes money. You have to wait for some days to receive items from seller. After waiting then you will have to pay and that is the process. In this way he is also investing money into cryptocurrency.

But how can you find out right way to invest cryptocurrency? Lets find out it with the help of example. Say you have $4,000 to spend, it will be difficult to decide if you should choose BTC or ETH over any other coin. But what if you have that many choices? Well, you have to ask others or ask yourself that what kind of decision is possible using those four options. So, you will realize that it will be best to select Bitcoin/ ETH (because that's easier) and that’s the right way to decide. Do you understand it correctly? That's why I have given the example above.

So now you know the right way of investing cryptocurrency. Now a question arises, does cryptocurrency should be traded in cash or it should be transferred to exchange platform or it should go directly to your wallet. That is why this is important to you. First read through the guidelines provided by exchanges and make sure it doesn’t violate them. Secondly, decide whether you’re going to use Binance, Coinbase, Kraken, Uniswap or whatever.

So I’ve said all those points in my previous article on this topic. Which one is correct and why? Just answer to yourself. For me myself personally it is so good. Because when I needed to do something big, I used Ethereum or XRP. But people who work in the blockchain tech industry are not aware of the fact that they can get their services on Bitcoin too. They say ‘Bitcoin is the future’. But you need to take into account these cryptocurrency is not backed up by anything because each investor has his own point of view and this is why different investors have different views on cryptocurrencies. So let's discuss some facts: you have to read terms and conditions to be able to move money in it.

Lets talk about the most popular currencies by market cap:

Crypto currency is ranked by market cap only if you already own some coins inside it. So you can't buy crypto currency in a bank or a payment service because you’ll get charged for every transaction and it won't be worth. This is because each user is different and every person with the right amount of knowledge will have different opinion of cryptocurrency. So, the coin which has high demand is going to be higher than the less demanded coin. Like we discussed earlier how we have mentioned in the beginning before that you have to read this page carefully to avoid charges for transactions.

So lets discuss pros and cons of giving the cryptocurrency to some website: firstly, to give coin to website is not safe because it can give fake news and that might even change your mind.

Secondly, website provides free storage space and no charge from user.

It will not be used frequently because all users do it.

To transfer funds in another place, you can use the website where you transfer fund.

You can also send your coins or deposits to other wallets but it is expensive.

Lastly, some websites provide you referral link for that and when you sign up for that link then you will be able to get it.

So after considering both sides i found that website will be better than some apps.

So i have concluded that you should never trade cryptocurrency with Binance, Coinbase or whatever.

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