Cryptocurrencies are currencies that operate in a digital environment. They are not issued by any particular organization or country. They are produced in a blockchain network that is responsible for storing different types of information securely.
The most common are: financial transactions, records and data of the people involved in these transactions.
Cryptocurrencies, created on the blockchain, contain value that, under certain circumstances, can be converted to other currencies, including dollars and reals.
For this reason, digital currency can be used as currency to buy products and even use certain services.
With the growth of cryptocurrencies in Brazil and around the world, many companies have adopted them as a means of payment.
From now on we tell you how a cryptocurrency works, how to use it, how to buy it and more. Next!
How does Cryptocurrency work?
The first step is to understand that cryptocurrency is virtual money. In this context, a physical exchange is not allowed.
Therefore, they are only valid on the Internet, not allowing their storage in a current account, broker or safe. Digital currencies are stored in wallets that operate in an online environment and are known as Exchanges.
The emergence of cryptocurrencies occurred thanks to the mining process created on the blockchain.
People who help develop this blockchain will receive payments in the cryptocurrency provided to others.
Digital currencies are not only tradable on stock exchanges, but also in investment funds or ETFs, with the assistance of investment brokers. What are Cryptocurrencies for?
Initially, the role of cryptocurrencies was to act as a means of payment for miners on the blockchain.
Today they can be used as a medium of exchange both in the purchase of products and in the consumption of services.
Cryptocurrencies are also considered an excellent investment option, as experts believe they can be an attractive store of value.
With this scenario, companies accept cryptocurrencies as payment, in addition to cryptocurrency investment funds and various opportunities for cryptocurrencies to grow in the market. What are the main cryptocurrencies on the market?
The most popular currency on the market is Bitcoin (BTC). It appeared in mid-2008. Since then, it has gained a lot of value. In 2020 it is worth around 60,000 reais, reaching 350,000 reais in 2021.
It came out in mid-2008, already worth around 60,000 reais in 2020, reaching a staggering 350,000 reais in 2021.
. There are still other options available on the market, such as: Ethereum (Ether); Dogecoin (DOGE); Litecoin (LTC), among others. Is it worth investing in cryptocurrencies?
Yes. Digital currencies offer a number of advantages, such as: earning potential, portfolio diversification, easy access to investment, blockchain security, and privacy.
It should be noted that while digital currency is quite popular in the online environment, it is secure. Your data is not shared with others on the Internet. How to buy cryptocurrencies?
You can buy shares of cryptocurrency funds, transact directly at a specialized brokerage company (called an exchange), accept cryptocurrencies as payment at a company, or mining.
Buying shares of funds is one of the most practical and efficient ways. The Securities and Exchange Commission (CVM) authorized, in 2018, Brazilian funds to apply indirect investments in cryptocurrencies outside Brazil, acquiring derivatives or shares of other funds.
Anyone who thinks that bitcoin for beginners is a complicated process is wrong. On the contrary, there are several free contents on the Internet that help to make knowledge more practical.
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