Cryptocurrency Investment: Today’s very popular and important topics is this one. In other words, crypto currency is a virtual currency based on Block chain Technology, which is secured by Cryptography. It is almost impossible to copy. In fact, crypto currency is a peer-to-peer cash system built on a computer algorithm. That is, it does not exist physically. Governments implement other currencies like Rupees in India, Dollar in USA, and Euro in Europe etc. in the whole country and are used in the same way this currency is also used in the whole world.
But the thing to understand here is that the government does not have any hand over these crypto currencies because they are decentralized currency, so there is no authority from any agency or government or any board over them, due to which their value has not been regulated. You can go.
If we do Crypto currency first, then it will be Bitcoin which was first brought into the world for these works. If we see today, there are more than 1000 Crypto currency in the whole world, but only a few of them are more important, about which we will know later.
Now you can see how to invest in crypto currency?
CRYPTOCURRENCY BY YONO INFORMER
You can start crypto currency trading by creating your account on these cryptocurrency exchanges. For this, first of all you can buy whatever cryptocurrency you like with rupees or dollars and when you are getting profit from it then you can send it, in this way you can earn money from crypto trading.
Some advantages of cryptocurrency
Now let’s know about the benefits of some Cryptocurrency
- The chances of fraud in cryptocurrency are very less.
- If we talk about Cryptocurrency, then they are more secure than normal digital payment.
- In this transaction fees are also very less if we talk about other payment options then.
- In these accounts are very secure because different types of Cryptography Algorithm are used in it.
Some disadvantages of cryptocurrency (Now let’s know about the disadvantages of some Cryptocurrency) - In cryptocurrency, once the transaction is completed, it is impossible to reverse it because there are no such options in it.
- If your Wallet ID is lost then it is lost forever as it is not possible to recover it. In such a situation, whatever money you have in your wallet is lost forever.
Different types of cryptocurrency
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Dogecoin (Doge)
- Tether (USDT)
- Binance coin (BNB)
- Solana (SOL)
- Ripple (XRP)
- Polygon
I sincerely hope that I have given you complete information about what is Cryptocurrency and I hope you people have understood about Cryptocurrency.
