What is cryptocurrency, how to make money with it and not fall for scammers: WhiteBIT expert explains

Not everyone knows about cryptocurrency, and there are many reasons for this.

Some people have completely different interests in life, others do not have time to learn something new, and others are not old enough to be included in all modern realities and changes. When people spin like squirrels on a wheel, sometimes they don’t have the energy to watch the news feed. However, those who are not interested in cryptocurrency have clearly lost out. To find out what a cryptocurrency is in order to buy it, it is not necessary to contact experts in this field. It is enough to enter the necessary query in the search bar of the browser, and it will provide the necessary information.

Cryptocurrency in simple terms

Cryptocurrency is virtual currency created using blockchain technology. This is what differentiates them from fiat money. The unit of cryptocurrency is “coin”. Translated, it means “coin”. All types of digital currencies are protected from counterfeits and cannot be duplicated. The release of cryptocurrencies is strictly monitored. The most important feature of cryptocurrency is its decentralization. There are no external or internal administrators. For this reason, neither government agencies nor banks have the opportunity to influence the transactions of users of crypto assets.

Where to buy cryptocurrency

The most affordable and easiest way to buy digital currency for money is to buy it on one of the cryptocurrency exchanges. This is a convenient and safe way, because the risk of falling for an unscrupulous counterpart or a fraud is many times lower. Considering the fact that the exchanges are becoming more and more functional every year, even a beginner who does not understand anything in this area can cope with the work on them. It should be noted that the price of cryptocurrency is constantly changing. And it is in the price difference that experienced users earn.

So, step-by-step instructions for buying cryptocurrency on the exchange:
1. Choosing the exchange itself – the site must meet all the requirements and wishes of the client, be safe and have a good reputation.
2. The moment of registration – usually you can register using e-mail, you will also need a mobile phone.
3. Verification is a necessary measure when you buy cryptocurrency for fiat money.
4. You can top up your account in different ways and they are different for all exchanges. Mostly use credit cards.

If the choice of exchange is made incorrectly, you may get less benefit from the purchase. Therefore, it is better to give preference to classic trading platforms.

Is it possible to make money in cryptocurrency?

They make money on cryptocurrency in a speculative way, but for this you need to be fully aware of your actions, control them and carefully consider every step. And this is possible only for experienced users who have been on the subject for a long time. To buy cryptocurrency for Hryvnia, you need to register with the exchange, which provides this opportunity.

The most important rule of successful trading is buy low, sell high. In the case of cryptocurrency, this method also works. It is enough to wait for the price of crypt to drop and buy it in order to then sell it at a profit. And the fact that cryptocurrency is becoming more expensive all the time is a fact. Leverage helps to significantly increase profits – we are talking about increasing the size of the transaction thanks to a loan from the exchange. Also, the proposed method is called “Margin trading”.

Tips on how not to be scammed

Due to the fact that the cryptocurrency market is not regulated in any way and by no one, it has become very convenient for various fraudulent activities. They have a whole scheme of fraud, use different methods to deceive their victim. In order for the cryptocurrency exchange to generate income, care must be taken.

Participation in cryptocurrency pyramids is definitely canceled – if someone promises a lot of money with a small investment, you should immediately discard this option. It is also better to stay away from new and unexplored cryptocurrency. Better to invest in a proven exchange. With these tips, anyone can increase their income in a completely legal way.

What is cryptocurrency, how can you not spend it on shakhraiv: WhiteBIT expert explains

Not everyone knows about cryptocurrency and there is no reason for that. In some, life has other interests, in others there is no time to see something new, in others I cannot include all the modern realities and changes. If people spin, like a squirrel on a wheel, sometimes they don’t have the energy for those who want to admire a news line. Prote ti, which does not chirp cryptocurrency, is definitely in the program. To find out what cryptocurrency is, buy it, I am not obliged to contact experts from my gallery. It is enough to enter the necessary request in the browser’s search field, and to provide the necessary information.

Cryptocurrency in a nutshell

Cryptocurrency is a virtual penny, created with the help of blockchain technology. Tsim stinky and vіdіznyayutsya vіd fiatnyh zasobіv. The unit of cryptocurrency is “coin”. In perekladі – tse means “coin”. You can see digital currencies that are protected in the form of a copy and їх cannot be duplicated. For crypto-currency issuance, it’s hard to beat. The main feature of cryptocurrency is the goal of decentralization. There are no both external and internal administrators. For these reasons, neither state authorities nor banks can intervene in the transactions of crypto assets.

Where to buy cryptocurrency

The most accessible and simplest way to get digital money for pennies is the purchase price on one of the cryptocurrency exchanges. Tse zruchny and bezpechnyy sposіb, oskolki at times less risky to spend on an unfair counterpart chi shahrai. Looking back at the fact that on the skin of fate the exchanges become more and more functional, in the work they ran into a newcomer, who does not understand anything in this sphere. It is necessary to remember that the price of cryptocurrency is constantly changing. At the same time, at the retail price, they get additional proof of coristuvachi.

Also, the instructions for buying crypto-currency on the stock exchange:

1. Vybіr bezperedno samoї bіrzhі — maidanchik can be in vіdpіdatі vіd vіmogі і perevagа client, vіdіznyatisіy і mаії а garnu reputation.
2. The moment of registration – often you have to go through the registration for additional electronic mail, you also need a mobile phone.
3. Verification is a required entry if you choose to buy cryptocurrency for fiat pennies.
4. It is possible to refill accounts in other ways, and in all exchanges the stench is inhaled. Usually they go to use credit cards.

If you choose the exchange, it is damaged incorrectly, you can get richer less profit from the purchase. Therefore, it is better to win on classic trading platforms.

Qi can be obtained in cryptocurrencies?

Make money on cryptocurrencies in an imaginary way, but for whom it is necessary to miraculously satisfy your own business, to control them, to darken the skin of the skin. And the force of tse pіd is more likely to inform the koristuvachs, because they have been in the dark for a long time. If you want to buy cryptocurrency for Hryvnia, you need to register on the stock exchange, so you can.

The most important rule of successful trading is buy low, sell high. With different crypto-currencies, this method works. It is enough to get it, if the price of crypt goes down and buy it, you can easily sell it. And those that cryptocurrency is more expensive all the time – that’s a fact. Dopomogaє in razi increase you credit leverage – go about zbіlshennya rozmіru please zvdyaki credit vіd exchange. The same method of proposing can be called “Marginal trading”.

Please don’t waste your money on shakhraiv

Considering the fact that the market of crypto-currencies is not controlled by anyone, it has become very convenient for Shakhrai’s diverse businesses. Stinks plan shahraystvo, going to different ways to fool their prey. The exchange of crypto-currencies brought profit, it is necessary to take special precautions.

The fate of crypto-currency pyramids is not ambiguous – as if there are good pennies with a small investment, it is necessary to immediately consider this option. In the case of new and uncommitted cryptocurrencies, it is also better to file. It is better to invest in exchange exchange. Vikoristovuyuchi tsі for the sake of the skin bazhayuchy can increase your income in a legal way.

The information provided in accordance with Article 10 of the Constitution of Ukraine and Art. 6 of the Law of Ukraine On National Minorities in Ukraine