Cryptocurrency Investment
1. WHAT IS CRYPTOCURRENCY?
• The word cryptocurrency is made up of two words crypto + currency which means encrypted rupee.
• Cryptocurrency is a type of currency that is available to you on your electronic device and not in the form of paper.
• It is primarily used for investments and to buy some goods or take some services which are available online.
• This money is not available in your hands but remains available on your internet as a virtual wallet.
2. WHY DO WE NEED CRYPTOCURRENCY?
• There are many national and international e-commerce websites on our internet from which we do the purchasing but when it comes to payment, many companies accept payment in their own currency, so we need cryptocurrency.
• In today’s era, this is an extremely good investment tool, through which we can generate a very outstanding amount in a few years.
3. ABOUT CRYPTOCURRENCY INVESTMENTS
• If you are seeking an investment that will provide you with a lot of benefits as well as provide great value to your assets then Cryptocurrency Investments are definitely for you.
• Cryptocurrency investment has become the most established and fastest-growing investment of today’s time.
• Through which you can get absolutely amazing profit by exchanging your currency with the right crypto.
4. TOP CRYPTOCURRENCIES IN INDIA
• Although there are many options available in the crypto market but some major cryptocurrencies that are leading the market are –
1. Kuber
2. WazirX
3. Coin switch
4. Bitcoin
5. CoinDCX
6. Unocoin
7. Ethereum
5. BEST CRYPTO EXCHANGE IN INDIA –
• Today, whenever someone takes the name of cryptocurrency investment in the market, the only one name comes on everyone’s tongue and that is bitcoins and this thing is also not hidden from anyone that today’s market is running according to the bitcoins only.
• Bitcoins which came in 2009 have performed remarkably superb performance in their 12-year journey.
• While talking about the current status, bitcoin recently had the highest value in the month of November 2021, which was close to 68,000 dollars.
6. HOW DOES IT WORK?
• You will be surprised to know that cryptocurrency which is the best investment plan in today’s market is neither handled by any bank nor managed by Government rather, it works on a technology in which point-to-point systems are connected to each other, which is called Blockchain Technology.
• So whenever you want to do cryptocurrency investments, all you have to do is install an app on your mobile called “Wallet”.
• In this app first, you have to create your account and then you are ready to exchange your money or assets in any crypto you like.
7. ADVANTAGES OF CRYPTOCURRENCY INVESTMENTS –
• It Provides huge profit – Investment Of Cryptocurrencies are best for Those Who Want To Increase Their Money Because It Is One Of The Ways By Which One Gets Huge Profit.
• Any time anywhere – You can invest in it whenever and wherever you want, all you need is funds and an internet connection on your mobile.
8. DISADVANTAGES OF CRYPTOCURRENCY INVESTMENTS –
While crypto investments have many advantages, they also have some drawbacks.
• No cancellation option available – Here if someone sent his fund and by mistake that fund was transferred to the address of some unknown parties. Then there is no option available for refunding such funds or for cancellation of the transaction.
• Difficult to understand – As we know that cryptocurrency works on the blockchain and which is not easy for everyone to understand at the same time, there is also a fear among people that their money may be undrowned.
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