Crypto Investment Platforms
For some 5 years, the capitalization of all cryptocurrencies has grown from $100 billion to $2 trillion, that is, 20 times. Today, it is one of the fastest-growing markets in the world, attracting many new entrants, from startups creating new blockchain projects to large investors who have started using cryptocurrencies in their strategies. Many beginners and experienced traders want to invest in cryptocurrencies but don't know where to start. First, you need to choose a cryptocurrency and an investment platform that allows automatic crypto trading.
What a Beginner Should Know Before Investing in Cryptocurrencies
Many people are interested in cryptocurrencies mainly in terms of investment and the opportunity to earn "easy money". If you are just starting to search for a crypto platform for purchasing a basket of currencies as an investment asset, you should know the main thing about this market:
The rate of most cryptocurrencies depends mainly on the demand for Bitcoins due to the dominant position of Bitcoin (62% of the market) among other blockchain projects. For example, Ethereum capitalization is only 16% of the total market volume, and XRP is 1.5%. Bitcoin has had even greater dominance in the past, falling below 50% only twice, in mid-2017 and early 2018.
You need a good investment plan. You need to clearly understand how quickly you want to make a profit, which crypto and stock trading platform you will use, how much you are willing to invest, and in which cryptocurrency.
Investing in cryptocurrencies comes with a high level of risk that an investor must take into account. Exchange rates on trading platforms crypto fluctuate by hundreds of percent over several months.
The most important rule for a novice investor is to research the market on your own to choose the right cryptocurrency and find the best trading platform for stocks and crypto. It is important to invest exactly as much as you are ready to lose if you make a mistake.
Several Crypto Platforms for Investment
If you want to invest in cryptocurrencies but don't know where to start, several crypto trading platforms comparison will help you a lot.
Revix is a new UK-based startup that is gaining attention for its ease for new investors. Revix makes it easy to passively invest and diversify your cryptocurrency portfolio by purchasing one of four themed packages.
The Revix platform automatically tidies up your portfolio each month so that one currency does not dominate another. This startup has an important advantage: the founding team consists of professionals with institutional investment experience. There is also a serious drawback because the company offers only packaged products and does not provide an opportunity to purchase individual cryptocurrencies.
In addition to being a popular crypto exchange, COINBASE has one of the most popular crypto investment apps. The app is available in over 100 countries and is used by over 30 million people.
16 cryptocurrencies are available for trading on Coinbase, and another 80 are available for monitoring on the website or mobile app. Speaking of shortcomings, few openly complained about bugs or problems with services.
It was founded by the famous 19-year-old crypto millionaire Eric Finman. The basic concept of CoinBits is very simple. CoinBits rounds up daily purchases from its customers' credit cards to the dollar and invests the remaining cents in bitcoin.
The CoinBits mobile app also allows users to set up recurring spending from a customer card to their account for investing in cryptocurrencies. Finman said the idea is to democratize access to the currency by allowing ordinary people to invest nominal amounts.
Launched in the US in 2013 with an early investment from Goldman Sachs, Circle is a blockchain company that brings together crowdfunding platform Seed Invest, heat crypto platform Poloniex, and the dollar stablecoin. The group also includes the Circle Invest mobile app.
The mobile app, available for Android and iOS devices, allows you to invest in 13 popular cryptocurrencies, as well as 4 portfolios (called “collections” here) of startup cryptocurrencies from the same sector.
Investing in cryptocurrencies is always a risk. The crypto market is decentralized, so it has a very high level of volatility. Fluctuations in the rate of different coins can vary from 1-2% to 100-300% within a short period of time. But if you correctly approach the choice of cryptocurrency and work on a suitable coin crypto further assurance necessary act licensing platform, there is a chance to get a good income from your investments and even launch your own project. If you are thinking about creating your crypto with own platform, seek advice from Beurop specialists to minimize your risk.