How to buy and sell cryptocurrencies?
A few years ago, cryptocurrencies became incredibly popular and it is not surprising. Thanks to them, many investors became significantly richer, which only increased the number of people interested in them. For this reason, we have decided to prepare an entry from which you will learn how to buy cryptocurrencies and how to sell them - in a safe and proven way.
Why have cryptocurrencies become so popular?
The biggest advantage of cryptocurrencies is their decentralization. This means that there are no managers, issuers or controlling bodies. They cannot be confiscated and blocked, because only the owner has access to them. Thanks to this, they stand out in terms of security - they are granted together with the ownership right, and their management is based on cryptographic evidence, i.e. complex algorithms. Moreover, their supply is limited - their number remains constant. They are international currencies, so they can be bought and sold anywhere in the world. Due to the lack of rate regulation, they can be unstable, but often result in many opportunities to get rich.
The complexity of the algorithms means that there are practically no frauds on the cryptocurrency market, because data encryption in this case is really advanced.
These currencies are appreciated for a high rate of return, of course, if the investment is well thought out. This option is much more convenient than, for example, using the stock exchange. It is also worth noting that it is currently developing strongly, which is associated with the emergence of new legal regulations. Therefore, it's good to take advantage of the current situation as it can be really profitable.
How to buy cryptocurrencies?
First of all, it's important to know that there are two options in this regard. These are the so-called cryptocurrency exchanges and cryptocurrency exchanges. They differ in terms of the principles of operation, but also safety or possible differences in terms of courses.
What is the stock exchange characterized by? As we mentioned earlier, the number of cryptocurrencies remains constant, while the cost of purchase is determined by the free market, i.e. the activities and number of users of a given platform. For this reason, it is worth learning more about the current rates first to finally choose the cryptocurrency that will work best for you. We recommend that you use the most famous ones, first of all, because they are the safest. It turns out that some people independently issue new "currencies" that are designed to imitate the real ones. However, they work on a completely different principle and are a simple way to deceive inexperienced investors. Where to find good suggestions? There are quite a few websites that collect information about a given cryptocurrency in the form of historical data - unfortunately, such charts cannot be found on exchanges.
Once you choose a given cryptocurrency, it is worth finding an exchange - it's best to choose Polish. Then you need to register, transfer money or add your card to the account. Then you can buy funds (cryptocurrencies) and transfer them to the international exchange. We recommend using those that have low commissions, as trading currencies may otherwise be a lot less profitable.
What, however, distinguishes exchange offices? They are much less complicated in terms of the principle of operation. In addition, they are distinguished by safety, which is why a significant number of beginner investors use them. In this case, the rate of a specific currency is determined by averaging the stock exchange rates, making it more stable at the same time. That's not all - in many cases, it is also possible to store your funds on them without fear of losing them. However, it is worth paying attention when choosing an exchange office, because some of them have high commissions, and at the same time may offer inflated prices to get even more rich. Trading cryptocurrencies is very simple here - just connect the card to the account and that's it.
How to sell cryptocurrencies and when to do it?
Selling cryptocurrencies - whether you buy them on an exchange or an exchange office - is very similar to buying. When choosing a medium for trading digital currencies, it is worth checking how their withdrawal takes place, because some portals offer sending funds with a considerable delay. However, a much more important issue is the very moment of selling cryptocurrencies. Experts often recommend a long-term investment for beginners, because everyday trading is difficult, requires knowledge and at the same time constant observation of the market. If you see an increase in value, you can sell some of your funds and leave the rest for future earnings, for example in a year's time.
Where to sell cryptocurrencies?
As we explained earlier, cryptocurrencies can be bought and sold on exchanges or exchange offices. First of all, we recommend using the first option only for trading, but not for storage, so for a long-term investment it is recommended to use the so-called a cryptocurrency wallet or an exchange office. The stock exchange may lose financial liquidity, and at the same time is less stable.
Bet on safe investments and take advantage of our offer
We invite you to use our exchange office - Impily. Unlike many other platforms of this type, we do not charge a commission for the purchase of cryptocurrency or payments to top up the account. You can safely store your funds with us for as long as you want - we also act as a cryptocurrency wallet. You also don't have to pay a subscription fee. Our currency exchange is distinguished by its intuitive and easy-to-use interface. We allow you to add your MasterCard or Visa card. The trading applies to known and proven cryptocurrencies such as Bitcoin, Ethereum or Ripple. You can count on low rates and full security with us, we cordially invite you!
Attention! The above article neither in whole nor in part constitutes a "recommendation" within the meaning of the provisions of the Act of July 29, 2005 on trading in financial instruments or the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of April 16, 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC and Commission Delegated Regulations (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65 / EU of the European Parliament and of the Council as regards organizational requirements and operating conditions for investment firms and defined terms for the purposes of this directive. The content contained on the website does not meet the requirements for recommendations within the meaning of the above-mentioned act, incl. do not contain a specific valuation of any financial instrument, do not rely on any valuation method, and do not identify investment risk.