CryptoWorld 101

Anyone wishing to enter the world of cryptocurrencies is faced with a myriad of questions. Since this new digital economy is like discovering a new land because you can find many good things, there is also some uncertainty due to the vast areas it covers and the fear of making a mistake along the way.

That is why we will put the questions that we usually ask ourselves before entering this world

What are cryptocurrencies?

Cryptocurrencies are dematerialized currencies, i.e. they are digital or virtual, they are encrypted and decentralized since they are transferred between individuals without any other intermediary.

They are not tangible and exist only in electronic systems. They allow people to send money with very low transaction times, even more than a bank, the commissions are low and there are no intermediaries or credit cards.

Why use cryptocurrencies?

Cryptocurrencies are a true revolution, as the Internet once was. This new form of decentralized financing will surely generate great changes in the coming years.

Cryptocurrencies should lay the groundwork for new modes of secure and open organizations. Of course, not all cryptocurrencies are equal. Some have had a bigger boom than others in the market, such as Bitcoin, Ethereum, or Litecoin, but many lesser-known ones are promising.

Where to buy it?

When you start in the world of cryptocurrencies there will be many pages that promise you that by investing a low amount of money you can reach exorbitant amounts, what you need to taste is which platforms are the right ones so that you feel confident about what you are going to invest in and where you are going to put your money.

The best platforms for this are simple buying platforms or trading platforms. If they want, when they already have some cryptocurrencies they can exchange them for other altcoins or directly for euro/dollar money.

To do this, you can directly use Coinbase or Binance platforms for example.

We hope that these simple questions can lay the foundation for you to start getting deeper and deeper into this big world. In our blog, we have more posts that can help you to ease your walk and feel more confident in what you do.