INTRODUCTION TO CRYPTOCURRENCY
Crypto also known as cryptocurrency is an intangible currency that exists digitally only. Cryptocurrency has no issuing or regulating body. Crypto does not rely on banks and works on its own. It allows you to accept as well as make the payment too. It uses codes to secure the transaction made and varify using the same. Crypto uses a very secure method therefore they are hard to track. They use encryption for their transaction
Some examples of CryptoCurrency are
- Litecoin, etc
What can we buy using Cryptocurrency?
A wide variety of products can be purchased with cryptocurrency though still has a quiet log way to go as not all organizations accept crypto. The cryptocurrency was made with a view that everything using the digital wallet could be purchased even the daily necessity stuff too though it has not materialized fully, but now organizations are recognizing its potential and accepting it for their transactions.
A variety of products can be purchased using cryptocurrency
Luxury Cars can be purchased using cryptocurrency
Technological products of brands like Microsoft can be purchased using cryptocurrency
Luxury brand products can be purchased using cryptocurrency. Some examples of luxury products are Rolex watches
Some e-commerce websites also accept cryptocurrency and make transactions
How to buy CryptoCurrency?
Crypto has now become so famous though it is not accepted by everyone people have started recognizing its worth and value and how in the future it will grow even more. A lot of people are interested in cryptocurrency but have no knowledge about it. For purchasing Crypto Currency there are only 3 steps involved.
1. Choosing the right platform
It completely depends upon how you want to buy Crypto from the 2 given Options
1-1. Traditional broker
1-2. Cryptocurrency exchange
In the first method with the help of an interested broker, you can purchase CryptoCurrency
The second method allows you to convert assets into Crypto
These are 2 platforms that allow anyone to buy CryptoCurrency. Fee Charges and options to withdraw will be different.
2. Account Funding
After choosing a proper platform next step is to fund your account. For funding your account you can choose methods like ACH transfers and Wire Transfer also crypto users also exchange using dollars and British pounds or euro. Other sources such as PayPal, cash app also allows their users to purchase CryptoCurrency.
3. Place orders
Now you are ready to purchase any kind of cryptocurrency just by selecting and choosing order type. It can be done using a mobile platform or with the help of a broker too.
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