Best Cryptocurrency Investment Platforms For Beginners
The cryptocurrency market is thriving, with the total market capitalization of the cryptocurrency network now exceeding $758.06 billion. This is a larger sum than the market capitalization of the company Tesla. Currently, it is at its highest point in history, and it has the potential to rise even further.
This boosts the profitability of the market and ensures that it continues to attract the attention of investors. Recently, the cryptocurrency market has experienced a significant influx of new investors eager to place their money into the rapidly expanding industry.
Lack of information, combined with the fact that the crypto market is relatively new as compared to more traditional items such as equities and bonds and fiat currencies, which have been around for decades, has left many investors feeling uneasy about making investments in the crypto market.
Throughout this essay, we will discuss two distinct cryptocurrency investment platforms and provide you with compelling arguments for why you should consider using them to make cryptocurrency investments.
Investing in the grayscale
In contrast to your normal buy and sell platform or bitcoin wallet that provides a wide range of services, Grayscale Investments is a full-service investment platform. When it comes to investing in the cryptocurrency sector, grayscale signifies the next step of development.
Grayscale, a subsidiary of the digital currency firm, is the world’s largest digital currency asset manager at the time of this publication. In the form of products, Grayscale provides investors with exposure to digital currency; that is, investors purchase shares in trusts and funds that hold a significant number of cryptocurrencies, with the share value of the trust or fund being close enough to the price of the cryptocurrency purchased.
Grayscale Bitcoin Trust (OTCQX: GBTC), Grayscale Bitcoin Cash Trust (OTCQX: BCHG), Grayscale Ethereum Trust (OTCQX: ETHE), Grayscale Ethereum Classic Trust (OTCQX: ETCG), Grayscale Litecoin Trust (OTCQX: LTCN), Grayscale Digital Large Cap Fund (OTCQX: LTCN), and Grayscale Digital Small Cap Fund are among the products available (OTCQX: GDLC)
Some products offered include:
These funds are traded on public stock markets, making them accessible to anybody interested in investing in them.
One of the most frequently asked questions is, “Why should I invest in grayscale investments when I can just buy the digital money directly?”
First and foremost, there is a long list of concerns that investors have when purchasing cryptocurrencies, some of which are as follows:
How to keep it safe
When a key is lost or a password to the wallet is forgotten, the outcome of an investment can be disastrous.
apprehension about being hacked or scammed
Grayscale provides a solution to this difficulty for investors. Grayscale stores and protects each product’s digital assets using a variety of security protocols, including offline storage, numerous encrypted private key shards, usernames, passwords, and two-factor authentication (two-factor authentication). These standards are developed by security, financial, and technological professionals with years of expertise. These techniques have been tried and tested and confirmed to work.
Second, placing huge orders for digital assets can be a difficult operation, since only a few cryptocurrency exchanges and order books are capable of fulfilling large orders without causing major price fluctuations. Grayscale is a solution to this problem because it can hold massive amounts of digital assets. Grayscale is currently the largest single owner of Bitcoin, holding more than 850,000 Bitcoins, which accounts for 2.4 percent of the total Bitcoin volume in circulation at the time of writing.
As a result, for traditional investors interested in entering the cryptocurrency market, Grayscale is an appropriate platform that fits their requirements.
Beard is the world’s top cryptocurrency exchange, serving users from more than 150 countries with safe, simple, and rapid digital currency trading services. Founded in 2011, Bityard is headquartered in San Francisco, California.
A platform that is completely regulated. In addition to the AMERICAN MONEY SERVICES, the Singapore Accounting and Corporate Regulation Authority (ACRA), the MTR OF ESTONIA FOR EUROPEAN UNION, and the United States Department of Treasury, Bityard is regulated by the Singapore Accounting and Corporate Regulation Authority (ACRA) and the Estonian Financial Supervisory Authority (ETSA).
A variety of trading options are available with Bityard, including spot trading of cryptocurrencies and derivatives, immediately buy and sell options, contract trading, and the copy trade option.
The Copy trade will be the sole topic covered in this article for the sake of simplicity.
Trade a copy
For beginners, this is a revolutionary approach established by bit yard that allows them to replicate the trading activities of experienced traders, thereby reducing the difficulty of cryptocurrency investment.
In contrast to other trading systems, where investors must visit several different online groups or platforms to obtain trading signals before investing elsewhere, this approach allows investors to trade wherever they want. To begin copying a trader on Bityard, the user merely needs to locate a trader who has demonstrated excellent performance and complete the trading settings.
Copy-trading system users can also manage their position parameters, such as their position margins and leverage, through the copy trade system. When a copier has faith in a trader, he or she may be able to increase the margin on the position.
Beard has a large number of professional traders, all of whom have been approved after through a thorough verification process. Once a trader has been certified to be sufficiently qualified, he or she is listed and can be copied by other users.
The performance data of traders is made public to all Bityard users through the Bityard platform. Profit rate, victory rate, and overall performance are all included in this data. Beard also provides a personal webpage for listed traders, on which they can post brief self-introduction to let users learn more about the trader and his or her business.
Bityard’s copy trade platform displays traders and information about them.
Copy trading is advantageous to both novice and experienced traders because every listed trader receives a portion of the profits generated by the copiers.
By the notion “complicated contract, easy transaction,” the copy trade system developed by beard delivers an otherwise complex trading system straightforwardly to its customers.