You can’t have missed it in recent years: cryptocurrency is nowadays a popular way to invest savings. As with any investment, there are also risks to buying cryptocurrency. Where can you do that to invest safely and successfully without much knowledge?
If you want to invest in crypto, you can use some professional support. Especially if you are just starting out, it is important to know which cryptocurrencies there are and which reliable party can help you with that. What are cryptocurrencies?
Cryptocurrency can sound a bit like hocuspocus when you don’t know about it (yet). Simply put, cryptocurrency is an alternative money system, where the value of an amount is expressed in a digital currency. Cryptocurrency has a completely free market and the value of currencies are strongly influenced by supply, demand and speculation.
The most well-known cryptocurrency is Bitcoin, which had a total value of 890 billion dollars at the end of 2021. Celebrities such as Apple CEO Tim Cook and Tesla boss Elon Musk are known for investing a lot of money in crypto. Also, more and more large companies and even banks are trading in crypto nowadays. You can say that the crypto revolution is unstoppable.
Despite the fact that we can no longer ignore it nowadays, cryptocurrencies remained something for the connoisseur and enthusiast for a long time. For a number of years now, investing in crypto has become more and more attractive to more and more people. This is mainly because savings in the bank are increasingly losing their value due to inflation and savings interest is almost entirely a thing of the past. By “putting your money to work” and investing it, you can maintain or even increase its value. Cryptocurrency is therefore no more than an investment strategy. Buying cryptocurrency has become easier and easier, and works much the same as buying shares. Reliable crypto broker
A crypto broker is a third party between the buying party and the cryptocurrency exchange (the providers). It is actually a broker in the investment world. With a broker, the company sets the price and the broker can buy or sell on your behalf. Such a broker already has the knowledge, the coins in his possession and ensures that your coins are safe.
It is therefore wise, with your plans to invest, to turn to such a reliable and safe third party. These ‘cryptobrokers’ store your wallet: the holder of keys that can create and broadcast transactions. Or, simply: this is where your coins are kept. If it is kept in a secure way, hackers will have no way to get to the coins.
Investing in crypto at LiteBit
LiteBit is one such crypto broker that helps customers in a safe, simple and personal way to find their way in the world of cryptocurrencies. The LiteBit platform won the award for ‘best crypto broker in Europe’ in 2019 and 2020 and is ready from their office in Rotterdam to help their customers with every purchase and sale in cryptocurrency. Such a nice idea that the organization is not on an uninhabited (often unreachable) island and you can just ask all your questions in Dutch.
It is a European crypto platform and is registered with The Dutch Central Bank. The platform helps you buy, sell and manage your crypto. Via the website or handy app you can immediately see the price of cryptocurrency. You can buy and store popular currencies like Bitcoin.
LiteBit also keeps an eye on the latest trends in the field of crypto, for example NFTs and new, popular currencies such as The Sandbox. For advice and questions you can contact customer service 24/7. This way you can explore the crypto market without any worries. Risks of cryptocurrencies
As with any form of investing, there are obviously risks associated with buying cryptocurrency. The biggest risk is that you can lose your investment. It differs per currency how big that risk is. For example, the risks with Bitcoin and Etherium are lower than those with other coins, but you will also see less return. The faster you want a return, the more risk you have to take. Also, cryptocurrencies, like all other online transactions, are a target for hackers and providers of fake coins. Dutch crypto companies are therefore very keen on this and do strict checks to prevent money laundering and scams. Top 8 most popular cryptocurrencies at the moment:
Also starting with Bitcoins?
Do you want to know more or have you gained more confidence and do you want to invest in crypto at LiteBit? Then you can sign up on their website. Then you will be asked to verify your identity by means of your passport. This is a measure to ensure that the platform remains reliable and secure. After your registration you can immediately buy your favorite crypto with a trusted payment method such as iDEAL or credit card. You can choose from more than 60 different coins.