Cryptocurrency is a virtual mode of currency, which has its own value the same as money has its value. It is secured by cryptography. It works on blockchain technology and processed through mining. Mining is a system in which puzzles are solved to make a particular transaction happen. One cryptocurrency is mined individually so it is time taking process. This mining process makes the transaction done in cryptocurrency safe and secure. No third party gets to know about this transaction. So it is a decentralized system. It is truly said any authority does not maintain it as like banking system is maintained.
People are using Cryptocurrency a lot for different purposes. It is used to make profits by investing in it. An individual earns profits by selling and purchasing of cryptocurrency according to the increase or decrease in the rates. Cryptocurrency value is not controlled by anyone it depends on market forces. Foreign exchange value decides the value of the cryptocurrency. Now cryptocurrency can be used for making payment, receiving payment or for investment purposes. Now many retailers have joined this so if any individual buys good he can make payment in this mode no cash is required. These are convertible modes of transaction so have the same value as like cash.
Types of cryptocurrency:
- Their many cryptocurrencies existing now but it all started with bitcoin in 2009, which is still the popular form of cryptocurrency now others have come up for its competition. Previous year till November there were about 18 million bitcoins which circulated having a market value of about $146 billion.
- Altcoin is the other form of cryptocurrency, which is giving competition to bitcoin. There are a number of altcoins existing like Litecoin, Peercoin, Namecoin, Etherum, and EOS many more are also there. The total market for these is about $68 million. Moreover, the total market of the whole cryptocurrency was approximately $214 billion.
To deal with cryptocurrency it is always advised to go for the broker as they take care of the risk. They inform the individual about the increase or decrease of the prices, which helped clients to make the transaction and gain profits. These intermediaries work the same as stock exchanges. They meet the buyer and seller at one place and make the transaction takes place. They provide all the services at a very low price and they disburse the risk. It is all because of these brokers any new individual can invest in cryptocurrency.
CoinePro is a leading broker which deals in a wide range of trading instruments with attractive spreads, choices of accounts and many more facility. About 200 instruments are offered by them right now some of which are USDRUB, USDZAR, variety of stocks, commodities, precious metals, foreign exchange and obviously cryptocurrency. It is always advised to go for CoinePro if an individual wants to invest in cryptocurrency. They provide about 4 different types of accounts like silver, gold, platinum, and diamond. As such till now no minimum deposit is mentioned which makes it quite an attractive offer by them? It also works from META 4 platform which itself is very reliable and customer friendly. Meta 4 platform makes the transaction more easily they provide a number of services to its clients. CoinePro also provides a very attractive range of spreads. The spreads at present were 1pip, which is great in itself. Although they charge some commission but for that, they are providing very good services. They have a good deposit and withdrawal facility. They accept all modes of payments like debit and credit cards. All the withdrawals are done within 3 to 5 business days but if an individual has taken a bonus then criteria may be different. They also offer a higher leverage system which makes an individual invest more than the actual amount they have but before taking these one should take care that they do not start bearing huge risk for that. A 24 education centre is available from where clients can know all about the trading how it is done when should be done all the information is provided on time. In addition to all this, they give exclusive trade signals which are an alert whenever the prices rise so that clients can grab that opportunity and earn profits. A sharp eye is kept on the market so that any changes seen can be noticed and the clients are informed about it.
In the end, it will be not wrong to say if anyone wants to make invest investment then one should go to CoinePro. An individual can easily trust them for their investment it is into safe hands. Also one can see the number of services provided by them which make them affordable and customer friendly. They charge very less amount for all these services and reduce the risk of an individual.