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Let’s Talk About Cryptocurrencies

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sebastian makoye
(@makoye)
Posts: 283
Member Customer
Topic starter
 

Cryptocurrency is a digital currency or virtual form of payment that can be processed or exchanged online for goods and services.

The common interest of cryptocurrency is to trade for profit.

Cryptocurrency uses a technology known as blockchain which is a decentralized technology and is distributed across the entire network of computer systems on the blockchain, which is impossible to change, hack, or cheat.

Where do you store and retrieve your cryptocurrency?

Your store and retrieve your cryptocurrency in the digital wallet, usually through the vendor where you buy your coins with a unique code.

If you decide to dive into the cryptocurrency world, is essential to have a clear picture of what to do and what to expect.

Whatever the cryptocurrency is Bitcoin, Litecoin, Ethereum, or any other digital currency, to buy or sell you need to choose a digital currency exchange platform.

Please note that those exchange platforms have different features.

Digital currency exchange platform

As we said earlier, in order to buy or sell cryptocurrency, you need a digital currency platform that will facilitate trading. This means the cryptocurrency exchange platform acts as an intermediate between buyer and seller.

How does it work?

It works like brokerage; usually, you deposit money in the exchange platform via wire transfer or other common ways of depositing real currency online. After depositing your money in the platform trader can trade between cryptocurrencies depending on the trader’s choice. However, the trader will have to pay the currency conversion fee.

Basically, cryptocurrency exchange works 24/7 with an anonymity feature. The exchange platform also uses technological solutions such as encryption to make all transactions secure. Once your transactions are done and your cryptocurrency wallet is activated, you will receive your cryptocurrency directly from the exchange platform.

Cryptocurrency trading is almost similar to the traditional stock exchange. Both buyers and seller place their trading based on the current cryptocurrency market price.

 
Posted : 28/06/2021 9:17 am
KoiKiwi
(@koikiwi)
Posts: 137
Entrepreneur Customer
 

Good explanation I'm currently invested in cryptocurrencies and I would like to know if anyone else has done the same and what your opinion on it is.

 
Posted : 29/06/2021 6:44 pm
sebastian makoye
(@makoye)
Posts: 283
Member Customer
Topic starter
 

@koikiwi 

Honestly, it pays though it depends on how you have invested. What I have seen is that you must have a piece of proper knowledge of how to trade so that you can trade by yourself instead of using a middle man.

 
Posted : 01/07/2021 4:26 am
Manoj_R
(@manoj_r)
Posts: 1144
Member Customer
 

I always waiting for your article...

 
Posted : 01/07/2021 10:27 pm
sebastian makoye
(@makoye)
Posts: 283
Member Customer
Topic starter
 

@manoj_r 

Thank you, I appreciate that brother

 
Posted : 03/07/2021 4:28 am
Muhammad aown
(@muhammad-aown)
Posts: 6735
Member Customer
 

@koikiwi simply you invest and you get recurring profit on your investment.

 
Posted : 03/07/2021 12:43 pm
Muhammad aown
(@muhammad-aown)
Posts: 6735
Member Customer
 

@manoj_r he should also post articles on a blog as well.

 
Posted : 03/07/2021 12:44 pm
Manoj_R
(@manoj_r)
Posts: 1144
Member Customer
 
Posted by: @muhammad-aown

@manoj_r he should also post articles on a blog as well.

Yeah but it's his own decision and choice...

 
Posted : 04/07/2021 8:13 am
Manoj_R
(@manoj_r)
Posts: 1144
Member Customer
 
Posted by: @makoye

@manoj_r 

Thank you, I appreciate that brother

welcome...

 
Posted : 04/07/2021 8:13 am
JayDollar
(@jaydollar)
Posts: 1885
Member Customer
 
Posted by: @makoye

Cryptocurrency is a digital currency or virtual form of payment that can be processed or exchanged online for goods and services.

The common interest of cryptocurrency is to trade for profit.

Cryptocurrency uses a technology known as blockchain which is a decentralized technology and is distributed across the entire network of computer systems on the blockchain, which is impossible to change, hack, or cheat.

Where do you store and retrieve your cryptocurrency?

Your store and retrieve your cryptocurrency in the digital wallet, usually through the vendor where you buy your coins with a unique code.

If you decide to dive into the cryptocurrency world, is essential to have a clear picture of what to do and what to expect.

Whatever the cryptocurrency is Bitcoin, Litecoin, Ethereum, or any other digital currency, to buy or sell you need to choose a digital currency exchange platform.

Please note that those exchange platforms have different features.

Digital currency exchange platform

As we said earlier, in order to buy or sell cryptocurrency, you need a digital currency platform that will facilitate trading. This means the cryptocurrency exchange platform acts as an intermediate between buyer and seller.

How does it work?

It works like brokerage; usually, you deposit money in the exchange platform via wire transfer or other common ways of depositing real currency online. After depositing your money in the platform trader can trade between cryptocurrencies depending on the trader’s choice. However, the trader will have to pay the currency conversion fee.

Basically, cryptocurrency exchange works 24/7 with an anonymity feature. The exchange platform also uses technological solutions such as encryption to make all transactions secure. Once your transactions are done and your cryptocurrency wallet is activated, you will receive your cryptocurrency directly from the exchange platform.

Cryptocurrency trading is almost similar to the traditional stock exchange. Both buyers and seller place their trading based on the current cryptocurrency market price.

I choose Coinbase as my favorite Digital Currency Exchange Platform because of their smooth services.

 
Posted : 25/07/2021 6:10 pm
Adilkhan
(@adilkhan)
Posts: 2112
Moderator/Level 8 Member Customer
 
Posted by: @koikiwi

Good explanation I'm currently invested in cryptocurrencies and I would like to know if anyone else has done the same and what your opinion on it is.

in which coin you are going to invest

 
Posted : 28/07/2021 8:32 am
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