The Crypto Currencies World
Cryptocurrencies are all the rage. From seasoned investors to those who are new to investing, it seems that more and more people are taking an interest in digital currency. Why are so many people interested in e-currency, however?
Because investing in cryptocurrency has its perks. While some people treat crypto as a stock to buy low and sell high, others feel that the digital money is much more than a profit to be earned; they see it as the future of money. Whether or not the world is headed into exchanging digital money rather than paper money, one thing’s for sure: cryptocurrency is on the rise and is here to stay.
What are the Different Types of Cryptocurrency?
There are over 1,000 different digital currencies. Some, however, are believed to have more value than others and, subsequently, receive more attention from the public.
Bitcoin, Litecoin, Ethereum, and Monero are four of the most popular digital currencies. Each has been around for years. Monero has been a popular currency for years while Bitcoin has been around the longest and has seen the largest increase in value. It has seen so much increase, in fact, that is nicknamed the king of crypto.
Coins that don’t get as much attention as others are still bought because they are so cheap. One of these coins is Dogecoin. There are billions of Doge available, and it was reportedly created to be a joke coin. Investors keep this in mind as they remind themselves and others to turn away from Doge and plant their money into more promising investments.
How Do You Buy and Sell Crytpo?
There are many websites that will allow people to invest in crypto. The main website for newbies is Coinbase. Coinbase currently only offers three cryptocurrencies: Bitcoin, Litecoin, and Ethereum. However, these are three of the main currencies that are often discussed.
Other websites that allow people to buy or sell cryptocurrency include Bitstamp, Kraken, Binance, Changelly, and Bittrex tradegbp.com.
Some cryptocurrencies – such as the newly in-demand Ripple – are not yet popular enough to be bought with cash. Therefore, investors must buy a currency that is already popular and then exchange that currency for Ripple.
How Can You Get Free Crypto?
There are a few ways that people get free crypto. One is the old fashioned way: playing the lottery. People can multiply their digital currency through the use of faucets that offer lottery games. Faucets also give out a small amount of free crypto throughout the day.
Another way that people get free crypto is through mining. Although a very complex process, mining cryptocurrencies like Bitcoin can be very lucrative, especially if done on multiple devices. Because mining requires solving complex algorithms, this method of receiving free crypto is best accomplished when joining mining pools.
A final way that people earn free crypto is though Bitconnect, a website that allows its users to loan out Bitcoin. The user receives interest on the loan and is able to loan out as much Bitcoin as he’d like for as long as he’d like.