One of the best investment instruments in 2022 is cryptocurrency investment. What are cryptocurrencies? In short, cryptocurrency is a digital currency connected to the internet, usually using a blockchain to record transactions. For beginner investors who want to get cryptocurrencies, such as Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Binance Coin (BNB), Dogecoin (Doge), etc., then you need the best cryptocurrency exchange intermediary as a broker that facilitates investors in buying crypto assets.
Want to start investing in crypto? There are several things to note to get Bitcoin and other crypto assets. One way is to have an account on a crypto exchange platform. The following is the order of the process for opening a new account for investment and cryptocurrency transactions:
- Open an account on a crypto exchange.
- Get KYC verification
- Make a deposit
- Choose a crypto asset pair
- Start order
- Next, do the buying and selling transactions
- Withdraw
- Paying fees based on the number of transactions
- Transfer crypto assets to a wallet where crypto assets are stored.
- Choose the trading feature for those who want to focus on cryptocurrency trading.
All stages are carried out online without including personal data such as an ID card or cellphone number.
As is known, crypto exchange is a kind of digital marketplace that can use to buy and sell crypto assets. Whether exchanging your rupiah or conventional currency with crypto assets, such as Bitcoin, Ethereum, Litecoin, etc.
You can also make transactions with other crypto assets, such as Bitcoin with Ethereum, Ripple with Bitcoin, etc. Before creating an account on a crypto exchange platform, you must choose which platform suits you.
A cryptocurrency exchange is a platform where we can buy and sell our crypto using traditional currencies like MYR, Rupiah, SGD, USD, EUR, etc. At the same time, we can also convert our crypto to other cryptos like Bitcoin to Litecoin.
The concept of crypto exchange is the same as the money changer we usually see at the mall or at the airport, where we can exchange the country’s currency for another country’s currency. The only difference is that there are no shops like in shopping malls or airports for this crypto exchange. Everything is done online via our computer or phone.
Many crypto exchange platforms are available on the internet, which can sometimes be confusing for beginners. Cointree is an excellent platform for Australians new to the cryptocurrency game, as they have a straightforward and easy-to-use layout on their website. There are over 160+ cryptocurrencies to buy and sell, and you can also trade from coin to coin, which is not available on all exchanges. There is also the option to pay your BPAY bill using Bitcoins in your Cointree account.
Here are the best features Cointree has to offer:
- Simple and easy-to-use platform, great for beginners
- Buy coins instantly with AUD
- Over 160+ cryptocurrencies to buy, sell or trade
- Registered with AUSTRAC
- Pay bills with cryptocurrencies, including Bitcoin
- Repeat purchase available
Cryptocurrency is a digital or virtual currency guaranteed by cryptography, making cryptocurrency almost impossible to counterfeit. We can also use Cryptocurrencies for transactions such as payments or transfers from one person to another online.
In addition, cryptocurrency can be used as a means of payment for online purchases by exchanging other currencies such as Dollars, Yen, and other currencies.
Other advantages of cryptocurrencies are:
- High return
- Universal
- Fast and easy
- Transparent
- Safe and legal
That at this time, cryptocurrency investments are starting to become the most popular investment instrument.
