Cryptocurrency is solely a digital payment system. Unlike fiat currency (physical money like the Euro and Dollar) traded and exchanged for goods and services, payments with digital currencies are entries on the online database for an underlying transaction. Cryptocurrencies include Bitcoin, alternative coins (or altcoins for short), and stable coins.Digital currencies are a medium of exchange, meaning they exchange value from one entity to another. However, only a few merchants accept them as they are not yet widely used for payment. They are not backed by a precious metal such as gold or a government like some other currencies. Their values are determined by market forces. A coin has value as far as the people consider it to be valuable. Consequently, there are fluctuations in the prices of cryptocurrencies.There is still an opportunity for you to earn a high return on crypto investments. A lot of people invest in crypto to hold popular digital currencies such as Bitcoin and Ethereum. They make big gains from a significant increase in the prices of the coins. Also, some crypto investors buy obscure coins low and sell high when the price rises.The price explosion of any coin can draw the attention of both investors and speculators. However, you need to be informed to make the right investment choices. Here is what you should know about investing in cryptocurrency.Digital currencies are not yet available for sale at investment brokerage firms or local banks, but you make purchases from cryptocurrency exchanges such as CoinDesk, CoinBase, Binance, and Bitfinex. You can purchase coins like Bitcoin and Ethereum with your debit card on some popular platforms. You can buy fractions of a coin from the exchanges. So, you don\u2019t need thousands of dollars to invest in cryptocurrency. On the other hand, you can\u2019t purchase altcoins with physical\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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