What is the best way to invest in cryptocurrency in 2024
Its the topic on everyone's list. How should you be investing in crypto in the crazy world of 2024? We have seen wars continue to range, inflation at crazy rates gold and crypto continue to skyrocket to all-new levels. The world is changing fast, so how can you be a part of the change?
So what exactly are they?
They are digital currencies that are totally decentralized and designed to be used through the net. Unlike the US dollars there is actually no central exchange that manages its value, but its value derives from being distributed around users via the internet.
So how do you start?
The first thing to know what crypto you want to invest in, the biggest and most known of these being bitcoin, and can be purchased through exchanges such as revuto or coinbase.
- Sign up
- Add money as fiat money
- Buy Bitcoin (the most common type of cryptocurrency)
- Watch your crypto
- Thats it!
There are also ETF's you can invest in made some companies like Blackrock and others which track Bitcoin.
There are risks
Of course as with any investment you must be aware of the risks involved. Crypto is an extremely volatile asset and you should be prepared to loose all of your money. It can go up as well as down.
Although you may have heard people getting rich quickly be careful and do your work on the risks associated with this kind of investment.