There has been an incredible shift in the general population’s thinking around crypto coins and cryptocurrencies like Bitcoin and Ethereum, which have gained tremendous popularity in recent months. This has been due in part, to the availability of information online, and the incredible gains in value that many crypto coins have seen this year alone. But most importantly people have begun to accept crypto currency as a viable, and secure way to store value like fiat money does now. However, people realize now, that fiat money is open to all sorts of corruption and inflation, which quickly devalues the money.
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What are Crypto Coins
The way to easily understand what crypto coins are, look at them like stocks, where you own a part of the company when you purchase their crypto coins or tokens. Crypto coins are the call of value you have on the Bitcoin, or Ethereum blockchain or coins offered from companies, or individuals who create their own coins, from apps that are built on the DE-FI network. Crypto coins are most likely how human beings will interact with each other financially, into the future.
Are Crypto Coins Good to Invest in?
With any type of investing there are inherent risks vs rewards. Crypto currencies are no different. In fact, the crypto coins market is hyper volatile and prices for Bitcoin and other crypto coins fluctuate dramatically from week to week. However, the overall growth of some popular crypto coins has been staggering and many millionaires have already been made from crypto investing.
It is recommended that you consult a financial advisor before you begin to invest in crypto coins whatsoever. You can make lots of money, but you may also lose everything too.
What is Bitcoin?
Bitcoin is the first crypto coin and the first blockchain technology that the world has ever seen. Bitcoin is the decentralization of digital value, or coins. The beauty of Bitcoins effectiveness is its public ledger, where every transaction gets recorded by thousands of computers, simultaneously on its network, making fraud near impossible.
But Bitcoin’s value keeps going up and fast too. People who first got into Bitcoin at its inception have made healthy returns that just aren’t seen on conventional stock exchanges, ever.
You could say that Bitcoin is the digital storage of value, that can be traded freely from anywhere around the world, by anyone, anytime. Bitcoin is true financial decentralization for the nest generation of our economy. It is simply a more secure, valuable asset, more than fiat money, and it is free from inflation, or human interference and corruption.
How can I Purchase Crypto Coins?
Anyone can buy and own Bitcoin, via an online wallet you can get for free. Crypto coins may be purchased on decentralized exchanges such as Uniswap, for ultimate privacy.
Or you may buy crypto coins on popular online exchanges such as CoinBase and others. Online exchanges require you to have an online wallet and these can be hacked by people looking to take your crypto coins from you. So, do your research and make sure you are dealing with a reputable exchange, to ensure that it won’t happen to you.
Or you can buy your coins online and then move them to a cold storage wallet like Tresor, or Ledger, which makes your crypto totally safe from hackers online.
These, “cold wallets’ ‘ provide a secure online platform that coordinates with your device to show you all of the coins you own on your laptop, or cell phone screen. Plus, you can purchase your crypto coins through their platform when security is of the utmost importance.
Hopefully you can see that crypto currencies are here to stay, and they make things much safer and more secure by decentralizing your finances. Not to mention that storing your crypto coins offline in a cold wallet, is like having your own Swiss bank account that only you know about.
Pretty cool right? Plus, there are thousands of different crypto coins to choose from. Each one is connected to a different creator’s vision and if you wish to seriously invest, then you must educate yourself about the companies first to ensure your investing in the best ones for your financial goals.