How to Invest in Cryptocurrency 2021: Beginners Guide to Begin Crypto Trading

 Thinking about Trading and Investing in Cryptocurrencies 2021? Here’s what you should know before you begin trading.

Image Source : www.capitalxtend.com


Cryptocurrencies are digital currencies that you can use to buy goods or services online. These are decentralized virtual currencies and are not regulated or controlled by any government or central authority. This means, there is no government manipulation or interference. This decentralized network is based on the technology called blockchain which is a distributed ledger that is enforced by a network of various computers.

Basically, it’s a ledger spread across various computers which records and manages the crypto transactions. The most popular and the first currency based on blockchain was Bitcoin and it still remains the most valuable crypto around the world.

Apart from Bitcoins trading, there are more than 10,000 cryptos that are traded publicly, and they continue to proliferate or raise money via initial coin offerings. The total value of all cryptos is around 1.7 trillion at the moment and it will continue to grow.

You cannot truly own cryptocurrencies like traditional currencies because they are only shared with you as a digital record and are only stored on the blockchain, in digital wallets. And when crypto traders send cryptocurrency to another user, it is delivered to their digital wallet. This transaction is not complete until it is verified and added to the blockchain via mining. This is how cryptos are made.

Demand and supply play a role in cryptocurrency markets. They are not affected by the same economic or political concerns that affect traditional currencies because they are decentralized. These are the variables that influence the cryptocurrency markets — Supply of the total number of cryptos, market capitalization, press news or press releases in media, regulatory updates, key events like a security breach, crypto integrations, etc. You need to learn how the crypto markets work, analyze how these factors affect the crypto prices and build your strategies.

To trade cryptocurrencies, you'll need a wallet to store it. You must first create an account before you can transfer funds to trade cryptocurrencies. Here's how you can get started:

·         Open a trading account with CapitalXtend

·         Fund your account

·         Begin trading cryptocurrencies

CapitalXtend offers one of the most popular and fastest cryptocurrency trading platforms in the world. Get real-time quotes, market insights, and start investing in cryptocurrency with a small amount of money. Trade with the lowest spreads, fastest trading execution, superior trading environment, and advanced trading tools.

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