fbpx
Connect with us
Apply Now

Cryptocurrency

How Crypto Exchanges Brought Leverage To New Investors

person using MacBook pro

Perhaps it is safe to say that the crypto industry sees no social status in terms of investment. Everybody is welcome to take their chances in growing their crypto capital at the Bitcoin Era app. This has been the vision of the founder of Bitcoin, who seeks to bring economic opportunities to sectors that have no access to mainstream financial intermediaries.

Everybody is welcome

Whether you are a student or a shop owner, you can readily invest in cryptocurrencies. All it takes is a decent crypto exchange where you can easily buy and sell coins. Next thing you know, you are already in the crypto game. You can do all this as long as you have internet access to reach your crypto trading platform. And you do not have to secure any license or permit to be able to be a crypto investor. 

There is no need for a financial intermediary to get into crypto trading. Crypto exchanges are decentralised with their peer-to-peer technology. So you do not have to open a bank account to be able to get started. You will not also need a financial advisor to invest in a crypto unit. The platform has user-friendly features and functions that will help you perform crypto trading transactions. 

Be that as it may, you will have to find a reputable crypto exchange. You may want to check out some crypto exchange reviews that will be useful in finding one that would be suitable for you. Beginners would be better off settling for a simple crypto trading platform. Yes, the complicated ones are meant for professional veterans.

Any amount of capital

There is no minimum amount of capital required when you invest in cryptocurrencies. Despite the soaring prices of Bitcoin, you can get a share of its profitability with any amount of capital. When you buy coins using your capital, your account will be credited for the equivalent amount. Nevertheless, you will have to pay for the transaction costs to be charged by the crypto exchange. 

The trick is to buy coins when the prices are relatively low. It will help you optimise the value of your coins, let alone your prospective income. You will have to observe the prices before making a decision to buy coins. As much as possible, you should study the historical data of prices. Feel free to access those tools available in your crypto exchange for some graphical representation of price fluctuations.

Rest assured that you can also get some perspective from cryptocurrency forecasts. You may visit some reputable websites where you can find the opinion of crypto price analysts. Of course, you may want to consider their opinion before making an investment decision.  It would be prudent to keep an open mind along the process.

Liquidate at any time

The good thing about crypto trading is that investors are given the freedom to sell their coins at any time. That means you can always liquidate your coins whenever you feel like doing so. All you have to do is tap the right button to perform the desired function. Your capital will always be at your disposal.

However, it may not be advisable to sell just yet. You may want to wait for the right moment to sell your coins. It is not every day that you get to encounter relatively prices that would be perfect for selling your coins. So you may need to observe the holdover period for quite some time. With the promising gains, you would not mind keeping the status quo at the moment. 

During the holdover period, you will have to manage your finances well. You will have to leave your crypto capital in your wallet for a while. Feel free to use your savings in case you have some urgent financial undertakings.  It would not be advisable to use your crypto coins until favourable conditions have been met. Then and only then can you sell your coins to maximise your crypto gains.

Conclusion

These are only some instances showing how crypto exchanges brought leverage to new investors. Still, beginners are advised to exercise caution in their crypto dealings. You should bear in mind that not all that glitter is gold.

Continue Reading


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.