
Cryptocurrency (Cryptocurrency), or popularly called "crypto" for short, is a digital asset that is being talked about more and more. Especially when the price of a popular coin like Bitcoin Keep soaring and soaring high. Until it is estimated that by the end of 2021, the price may go as far as 100K
Are Bitcoin and Crypto the Same Thing? So, is investing in crypto easy or difficult? How much do you need to understand? Want to get rich with crypto? Can you do it? Try studying and understanding the basics first
Cryptocurrency Data Encryption Currency
Cryptocurrency comes from two words:cryptography + currencyIt is about applying computer cryptography to currency. To be a medium for exchange between people People all over the world can use these currencies as well. There is no need for an intermediary such as a bank or government to control
Trust only mathematical equations
Go back to 2007-2008, the hamburger crisis in America. That caused the economy to collapse and have a wide impact. There began to be a group of people who disagreed with the government. Carry the banks and push the burden of debt onto the people Again and again
October 2008, an individual using the pseudonym satoshi nakamoto launched the first cryptocurrency, named“Bitcoin”, using secure encryption and data protection technology, so that“Trust in mathematical equations”only, no middleman required. Every time a transaction is made, it must be frankly disclosed. There is an inspection network distributed around the world
Limited coins. Its popularity is increasing
Bitcoin is limited to only 21 million coins worldwide. When popularity is high Resulting in more trading and speculation among investors. There are other cryptocurrencies. Many more were created to follow. make cryptocurrencies Therefore, it is not limited to just Bitcoin alone. But if there are still many other coins being created
Study coin information before trading
Coin Trading It's like trading stocks on the stock exchange. First of all, you must study the information of each coin. What is the origin? What is the purpose of issuing coins? Trends in coin use How many are there? Just like we would invest in any stock. You must also study that. What does the company that we will invest money in do? What is its business like? How big is the growth trend? These are Basic things that should be studied first
Want to trade coins, what should I do?
When you understand it well to a certain level. You can request to open a coin trading account on the trading board, also known as an Exchange, which is available to many providers. For beginners, it is recommended that Choose to trade coins only with properly certified or trustworthy service providers
Domestic crypto coin trading board certified by the SEC. Such as Bitkub, Bitkub, Satang Pro, Bitazza, Zippex, etc. You must apply to open an account and verify your identity or KYC first. Once approved So you can buy and sell coins. You should inquire or study information directly from that service provider
For anyone who has a certain level of understanding. If you want to trade more coins You can open an account on a foreign crypto trading board. But you should choose only platforms that are popular and trustworthy, such as Binance, Coinbase, etc.
Not Financial Advice
This article is not intended to provide investment guidance. Investments are risky. Investors should study before deciding to invest
JNJN Noted:Know Your Customer or KYC is the process of providing our personal information to various financial service providers. To use to prove your identity. We really are that person. To prevent illegal transactions and can be traced or inspected once the KYC has been passed or approved. So transactions can be made to buy and sell crypto coins
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