Cryptocurrencies are digital currencies powered by blockchain technology. In the past few years, the value of cryptocurrencies have skyrocketed, attracting many investors to try their hand at it. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, Cardano, Binance Coin, and Tether.
However, cryptocurrency is a very risky investment, as the prices may fluctuate within a matter of hours. That’s why your risk appetite must be high and you should be informed of the digital world trade movement if you want to get into cryptocurrency.
Pros: Potential for high returns, immediate transactions globally, secure blockchain networks
Cons: High volatility, unregulated, requires understanding of the cryptocurrency market
Who should invest in cryptocurrency?
Cryptocurrency is a high risk, high reward kind of investment. If you are willing to learn the ropes and face the unpredictability of the market, you can start by opening an account with cryptocurrency exchanges like Luno and Tokenize Technology, or international ones like Binance and eToro.
Read more:8 Easy Ways To Start Investing In Malaysia If You’re New To It And Don’t Know
