What is Cryptocurrency?
Cryptocurrency is simply a digital currency. It is used for securing online transactions through cryptography https://bitpapa.com. This currency works without a centralised monetary authority like the government or bank. Simply put, it’s just a digital or virtual currency that can be used online for transactions. Where I can buy crypto in Nigeria?
Types of Cryptocurrency –
- Bitcoin –
It is widely used in the economy as a monetary authority issues it. The value of bitcoin is volatile, so only after taking advice from a professional investor can a person become a bitcoin miner. Bitcoin is another way to purchase from merchants and retailers that accept them.
- Bitcoin cash (BCH) –
You must be thinking, “Is there a difference between Bitcoin and Bitcoin cash?” The answer is: Yes. We need to check the block size to point out which is bitcoin and which one’s bitcoin cash. With bitcoin cash, the transactions are faster and less expensive.
- Ethereum (ETH) –
It is a decentralised blockchain platform that uses the cryptocurrency called Ether. Ethereum uses smart contracts, an application code, allowing transactions between participants without a trusted central authority.
- Stellar (XLM) –
Stellar is a decentralised protocol on open-source code for currencies and payments. We can quickly transfer money across borders using Stellar. Here the initials XLM stands for lumen, the currency required to use Stellar. It makes it possible to create, send and trade digital currencies such as bitcoin, dollars, etc.
- Litecoin (LTC) –
The beginners entering the world of cryptocurrency will find investing incredibly profitable in Litecoin. Litecoin has a better transaction speed than bitcoin, and a more significant number of coins are produced. At first, Bitcoin’s price was around $3, reaching its highest peak with a value of $400. Therefore, it is a good investment.
Best choice for beginners –
Every beginner must go with Bitcoin to start their cryptocurrency journey because bitcoin is supported in every currency exchange. The need of choosing a quality platform for beginners is very important. Those who fail to choose them often end up in the space where they get trapped between the scammers. Being the new users, the person often gets confused and could not understand whether choosing them is worth it or not. So if you are also entering the market and willing to make good money from the platform. Then choosing the global P2P marketplace can be the better option. At the current time, the demand for it has grown massively and people from all over the world are using the platforms.
The primary reason for using it is the user-friendly manual that allows the person to understand the available options and learn about bitcoin in a much better manner. So if you are a new user and want to know the basics about bitcoins, then this platform can be a worthy option. Connect With the available experts today directly from the websites and get the desired results. Learn and invest to make better profits from the market.