Advertisements
Initially, the pioneering digital currency was launched in 2009. Thus, the famous Bitcoin became a craze and became the most valued cryptocurrency in the entire world.
Responsible for driving the global economy and being part of the future investment trend, there are currently several types besides Bitcoin spread throughout the region and with a high chance of appreciation.
Want to learn more? We've compiled a list of the best sites for buying digital currencies. So, keep reading and check out all the details:
What are digital currencies?
First of all, you must be very interested in knowing what digital currencies are.
In fact, this new medium of exchange has caused a lot of excitement in the financial market since its creation.
Today, the trend is towards its consolidation in the market, with the right even to adopt an official currency in some countries.
But even so, cryptocurrencies are not specifically controlled by any one nation and do not have exclusive regulations.
They are created on a Blockchain network – a system responsible for storing data records, financial transactions and other peculiarities.
Thus, the currencies generated on the platform have a value, just like physical currencies, and can be exchanged for other currencies, such as the dollar, euro, and real, for example.
With growth and appreciation, several companies around the world have become interested in accepting them as a form of payment.
However, they only exist in the digital environment.
In other words, it is not possible to save it in a checking account or traditional physical wallet.
A study conducted by Blockchain LATAM Report, recently published by CanalTech, indicates that 481,000 Brazilians are in favor of adopting Bitcoin as the official currency.
The survey shows that the number of people interviewed believes that cryptocurrencies can bring global economies closer together.
In fact, in some countries Bitcoin has started to become official currency.
What are digital currencies for?
Digital currencies or cryptocurrencies have emerged as a new way to carry out financial transactions on the internet, revolutionizing the way people buy and sell assets online.
It is an economic system that emerged as totally disruptive and almost peripheral, being used in some places on the internet only, but as people began to trust the process and transact these digital currencies, its value increased exponentially.
Nowadays, digital currencies allow you to buy and sell online while maintaining your privacy and can even remain in your wallet, gaining value.
Are digital currencies safe?
Behind digital currencies there is a very important technology, which is blockchain.
In short, blockchain stores all transaction data in encrypted blocks of information that cannot be changed later.
Behind this lies an entire equation that uses the computing power of countless machines to record a transaction block, and these machines are “rewarded” with some cryptocurrency, usually bitcoin.
This process is called mining, and it has currently been implemented in virtual games, combining entertainment with the collection of cryptocurrency fractions.
That said, already consolidated digital currencies that work registered on the blockchain are completely safe, but even so, you must purchase and store your cryptocurrencies with a specialized brokerage firm that is, above all, trustworthy.
What types of digital currencies are available on the market?
BITCOIN
You've probably heard a lot about this name. In fact, Bitcoin is the most well-known cryptocurrency worldwide. It was created in 2008.
In 2010, the value in reais of a Bitcoin was R$0.21, today to buy the cryptocurrency you need to pay approximately R$250,000.00.
A great appreciation, isn't it?
ETHEREUM
Also known as Ether, the virtual currency emerged on a platform where decentralized contracts and applications are executed.
However, the purpose of its creation was not to be a digital currency, but rather a type of asset to reward developers who use the platform.
Thus, over the years, cryptocurrency has appreciated and is now one of the 3 most traded digital currencies globally!
DOGECOIN
Initially, Dogecoin was created purely as a meme. However, its popularity in the market has sparked significant interest from large corporations and investors.
After all, it emerged from open source code on the Blockchain in 2013 and does not need a server or central authority to authenticate transactions.
Currently, 1 Dogecoin is worth R$1.24 – one of the cheapest digital currency alternatives.
In total there are more than 130 million in circulation and supply is limited.
LITECOIN
Litecoin, on the other hand, was inspired by the pioneering cryptocurrency – Bitcoin – and the main purpose is to serve as a form of payment. The virtual currency was created in 2011 by Charlie Lee, a former Google employee.
Nowadays, cryptocurrency is known as digital silver and transactions are very fast.
Additionally, the limit on the maximum amount of coins is 84 million units.
What to analyze before buying digital currency?
News about digital currencies, also called cryptocurrencies, is very inviting, as we always see examples of incredible appreciation and people who became millionaires buying bitcoins in the past, for example.
But like any investment, past success doesn't mean future success, so you need to carefully analyze the market before buying digital currencies.
The process is similar to that of any other asset, and it's ideal to have more than one option to have a diversified portfolio, so you can take advantage of appreciation and not lose out on depreciation.
New currencies are emerging on the market every day, as we've already explained in more detail about the main options above. However, what you need to understand right now is that before investing, you should research the history and origin of these currencies before making your contribution. Ideally, consult financial experts.
Where to buy digital currencies and what are the advantages?
How does purchasing digital currencies work?
The value of the main digital currency today, bitcoin, is around 100 thousand reais, that is, a single copy of the currency is equivalent to this value.
However, you don't need to invest in a single unit, whether Bitcoin or any other digital currency, as through a specialized broker you can invest in fractions of these cryptocurrencies or even in funds that manage several different currencies.
Exchanges, also known as digital currency brokers, work similarly to traditional brokers, allowing you to buy fractions of various digital currencies and have a diverse portfolio.
Investing in shares of certain funds may be the simplest way to start investing in cryptocurrencies.
Advantages of buying digital currencies
High Volatility
Without a shadow of a doubt, this is one of the main advantages of buying digital currencies.
Because they have high volatility, a factor that attracts many potential investors.
Profitability
Another important factor is profitability, since the “money” is not subject to political interference and has a high profit potential.
In fact, currency data is stored in a transparent and decentralized manner.
Security
The place where cryptocurrencies are registered has a high level of security with respect to transactions.
Additionally, all blocks are end-to-end encrypted.
Where to buy digital currencies? Check out the best sites!
Well, if you have any doubts about where to buy digital currencies, that will no longer be your problem.
After all, you can do this safely from anywhere in the world.
We've put together a list of the best sites to buy digital currencies, check it out!
Rich
First of all, if you want to invest in this asset with more security and convenience, the first recommendation is Rico platform.
The brokerage has been operating in the financial market since 2011 and all transactions are carried out in a straightforward manner.
Rico works with the commercialization of HASH11 – an investment fund traded on the stock exchange that brings together an index of the main digital currencies in the financial market.
E-Toro
The second indication on where to buy digital currencies is E-ToroThe platform operates in over 180 countries worldwide and boasts one of the lowest exchange rates.
Furthermore, through the brokerage, investors can buy and sell the main cryptocurrencies traded worldwide. To do so, simply register and start investing.
IQ Option
Already the IQ Option became very popular on social media for its sponsored ads. In reality, the platform is a brokerage specializing in the purchase and sale of cryptocurrencies.
Therefore, trading is available 24/7. In fact, you can get started with a minimum investment of one dollar.
Another important piece of information to highlight is that the platform is licensed and processes approximately 11 billion dollar transactions per month.
I.e, It is reliable and you can do your trading without any worries.
Furthermore, investors have the flexibility to buy and sell currencies, either via computer or mobile phone, using apps available for Android and iOS.
BINANCE
Fourthly, the Binance It's a global platform, and if you're looking for diversification, this is the perfect place to buy digital currencies. It trades the world's leading cryptocurrencies.
In fact, in a single day the brokerage trades an average of 2 billion dollars in transactions.
COINFIELD
Finally, the Coinfield is a digital currency exchange that operates in approximately 193 countries.
Being able to trade more than 20 cryptocurrencies worldwide!
If necessary, you can also withdraw funds in real time using an exclusive card.
It is worth noting that the rates operated are below 0.05%.
Read other content like this on the Consulta Cred blog!
Conclusion
You've learned everything you need to know about digital currencies here. Now it's up to you to choose the options that fit your budget and start investing little by little to understand how this market works in practice.
We know that news of appreciation can be extremely tempting, but don't get carried away, be cautious with your investments and focus on building a diverse portfolio.
With Consulta Cred, you'll have all the support you need to learn about and invest in various digital currencies your way. So, check out the sites we recommend to help you get started with cryptocurrency investing.
