WAYS OF TRADING WITH CRYPTO CURRENCY | vibesoundtz.blogspot.com

As with any currency, cryptocurrencies allow the purchase of goods and services. Not being under the control of a central authority and escaping any regulation, they have long been the prerogative of illegal transactions (ransomware, drug trafficking, etc.) but they tend to get rid of their bad reputation by democratizing and attracting a wider audience. Cryptocurrencies are today more and more used for legal transactions.

Cryptocurrencies, like bitcoin, make it possible to buy many consumer goods. It is for example possible to buy with bitcoins of course computer hardware but also food, jewelry, decorative objects, cultural products, etc. Overstock, a general merchant website, accepts payment in bitcoin, just like Shopify. Paying everyday goods with other cryptocurrencies is more difficult, but not impossible. The ether for example could be used to buy works of art exhibited by young artists at La Compagnie (Paris X) in the spring of 2017. The virtual currency that wants to compete with Bitcoin thus makes its entry into the real world.

Crowdfunding crypto-equity: another use of the virtual currency

Cryptocurrencies can also be used to finance businesses via crypto-equity crowdfunding. The process that is in its infancy is to finance equity-crowdfunding through virtual currency. Several platforms offer this solution such as Swarm.

Comparative crowdfunding crowdfunding

Crypto currency: an investment like any other?

But crypto currencies are above all a potentially profitable investment. Digital alternative currencies can indeed be a new kind of investment, while participating in the new digital economy.

Bitcoin has exceeded this summer 2017 the 5 000 USD. It was trading on January 1, 2016 against $ 6734.22 and January 1, 2017 against $ 972.25! So we understand the interest that now arouses cryptocurrencies, displaying impressive performance, which are matched only by their volatility.

Keep in mind, however, that buying cryptocurrencies is more or less the same as investing in innovative technology. If the digital currency in which you have invested becomes preponderant (they all try with more or less success to dethrone Bitcoin), you will have made a good deal. Ethereum remains the big challenger of Bitcoin with a market capitalization close to the most famous encrypted currencies.

Also note that online brokers are starting to offer cryptocurrency trading such as bitcoin.

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HOW TO INVEST IN THE CRYPTOCURRENCY?

2 ways to get your virtual currency

There are two ways to get encrypted currencies:

By selling a good or a service and demanding a payment in the cryptocurrency of your choice

By converting "classic" currencies (euro, dollar, etc.) into encrypted currency.

Kraken or Bitstamp or Poloniex allow for example to convert easily enough euros Bitcoins.

To convert your euros into Bitcoins, you must register on this platform by providing an electronic copy of a piece of identification and a recent bill (gas, electricity, internet) to prove your address.

Create a cryptocurrency wallet

Whatever your method of obtaining, you will need to create a "wallet" to keep your currency.

An encrypted money wallet is an address in the form of a series of digits accessed through a password. You can create a bitcoin address and password for free and quite simply on a dedicated platform like BitAddress.org for example. For other crypto currencies, other specific platforms exist. Cryptanor supports several currencies.

Finally, to pay with a cryptocurrency (or receive a payment in cryptocurrency), an intermediary is needed. You will have the choice between: