Many people are scared to get into the world of cryptocurrencies. That’s because they don’t understand it and think they can lose tons of money if they do something wrong. Yet, investing in crypto may bring benefits to your life.
Regardless of that, you need to learn some things to start your trading journey. Understanding crypto is not as difficult as it may seem, but it does require some effort.
Trading might benefit you in many aspects of your life. You don't have to be scared to try new things. Apart from that, you are not alone in this. Crypto Genius and your assigned account manager are here to make trading more accessible, manageable, and enjoyable for you.
Crypto, or cryptocurrencies, are digital assets you can use to buy all kinds of items and services online. These currencies started to get popular with the arrival of Bitcoin in 2009. However, there are many other cryptocurrencies apart from Bitcoin.
Some people love using crypto for their transactions since it gives them more freedom when sending money to another person. That’s because crypto is a decentralized currency, which means it’s not limited by banks or governments.
Cryptocurrencies follow a whole different process when making transactions. That process is more complex than normal bank purchases. However, mastering it and using crypto offers many advantages that other currencies lack.
Regardless of that, you need to choose the right cryptocurrency to invest in. Not all digital assets are suitable for everyone. That’s because their value depends on how the market behaves.
These currencies’ value changes from time to time. That value can increase or decrease depending on what's happening at the moment or the people who invest in it. You need to understand how the market fluctuates and use the right resources to try and make informed decisions and invest in the right cryptocurrencies. Crypto Genius gives you access to these resources, all in one platform.
As mentioned before, the process needed for crypto transactions is way different from the process you will go through making a transaction through a bank. The first thing you need to do is get a crypto wallet. This wallet is digital, and you can get it from several websites.
Since this wallet is digital, you need an access key to see your funds and assets. That access key is a code, so you should write it down or try to remember it. However, the access key only lets you see your funds. That’s the reason crypto wallets come with two keys: the access key and the signing key.
The signing key code is used to send money to another person. The individual receiving the funds receives a part of your signing key. Losing any or both keys can make you lose everything you have in your wallet, so try to keep the codes somewhere safe.
Regardless of that, when you make a crypto transaction, it goes through a blockchain system. The blockchain server is where all crypto transactions are stored. That means all the data regarding any transaction made worldwide is there.
It’s called blockchain because it’s made of blocks of data. The blockchain server is public. That means you are completely safe from any threat that could put your funds or information in danger.
In short, cryptocurrencies allow you to make international transactions. Since these currencies are decentralized, you can send them to any place in the world without being limited by any national or international entity.
There are many reasons why investing in crypto is one of the best decisions you might make at the moment. For starters, the benefits this system offers you can’t be compared to any other bank or financial entity worldwide.
When making a transaction through a bank, you usually have to wait a few days for the money to be available for you or the other person. Apart from that, there’s always the risk of the bank retaining your funds for a time. Not forgetting that most of the time, you have to ask for a credit or debit card.
All those issues disappear when using crypto for your financial movements. Crypto transactions are confirmed instantly, so you don’t have to wait for anything. You are also free from the risk of a bank retaining your money, which makes it more comfortable for you to make crypto transactions.
Getting to the main question of this section, the reason to consider investing in a crypto is that these currencies are getting stronger! While no one can predict how they will do in the future, or even tomorrow, the overall value of cryptocurrencies is on the rise, so investing in them may provide excellent benefits.
Additionally, the more people invest in crypto, the more popular it gets. If more and more people invest in these currencies each day, that will get everyone closer to a society that makes crypto transactions on a regular basis.
That would help you feel safer while sending money to another person. Since the blockchain server is public, it’s safe from hackers and cyber-attacks, so you don't have to worry about that.
Cryptocurrencies are not going away. There are more currencies coming out each day, and each one of them offers traders and investors different benefits.
Crypto trading consists of assessing how the market may behave towards a specific cryptocurrency to buy or sell it. Traders purchase crypto when its price decreases and sell it when it increases to try and generate profit.
Trading has become popular these days. Yet, learning how to do it is not as easy as it may seem. The market is volatile, so making a mistake can lead you to a bad investment. However, that’s part of the learning process, so don’t get scared if that happens to you.
Regardless of that, trading can be a stressful activity for professional traders. Their professional lives usually depend on it, so they spend all day trying to set beneficial trades and improve their trading skills.
Trading shouldn’t be that stressful, though. If you feel anxiety and mental exhaustion while you trade, you may want to give it up. That’s the reason why even professional traders use trading platforms for a smoother experience in dealing with crypto.
Choosing the right trading platform can help with that. Learn more about Crypto Genius!
Trading platforms are designed to facilitate your crypto trading. However, not every trading platform works the same, so you need to pick the best for you.
The process these platforms use to help you trade is not that complex. Analyzing the market is the most complicated part of trading. That’s because the market can be unpredictable, so it’s difficult to learn how to tell when something might go up or down.
What trading platforms do is continuously analyze the market to try and make trading easier for both beginners and professional traders. Trading platforms have different ways of doing that, so the best thing you can do is take all the time you need to look for one that offers the right solution for your needs.
As the name suggests, Crypto Genius is a crypto trading platform. It was designed to help you learn more about trading and crypto while trying to improve your trading skills.
Apart from that, Crypto Genius also analyzes your previous trades to help you avoid the same mistakes you did before. That doesn’t mean it’s all smooth sailing or that you’re necessarily going to succeed with every trade you make. Crypto Genius and your account manager can simply suggest the options open for you to trade, while the final decision on where to invest your money is all up to you.
As a beginner, you may benefit a lot and learn the ropes by using the platform a bit each day and checking the analysis done for you. On top of that, you can always use the information and options given to you by your account manager, so you can learn from previous mistakes and try to make better trades in the future.
Now, you could ask yourself what, if anything, experienced traders can learn from the platform, and the short answer is quite a bit.
The market evolves, and so do the methods used to study it. Traders need to keep up with those changes if they want to become professional traders in the future. Since Crypto Genius adapts to your level of skill and knowledge, it interacts with professionals differently than it would with absolute beginners.
That’s because the platform analyzes your previous trades and determines your level of skill. If it sees you are still learning how to trade, it puts things in a simple form to help you understand. If the platform notices you’re a professional, it gives you more technical information.
Using crypto trading platforms can take a lot off your plate. And using Crypto Genius specifically helps you have a more accessible and comfortable trading experience. You can check that yourself If you wish to sign up to Crypto Genius website and try the platform yourself.
The short answer is no. Crypto transactions are here to stay. Many people think that cryptocurrencies may become useless in a few years because of how long they’ve been on the market. Yet, that might not be the case.
There are more cryptocurrencies each day. That means that there are more investment possibilities you can analyze and make use of. Experts from international and national financial entities agree that cryptocurrencies are here to stay. It’s best if people adapt to this changing world and take advantage of online trading.
Apart from that, more people are investing in cryptocurrencies. As mentioned before, if more people invest in something, its value increases. Since crypto has more investors than ever, you might assume this is not something that seems to be ending any time soon.
Additionally, learning how to analyze the market and make decent trades can help you in many aspects of your life. That means that if crypto trading possibilities stop appearing, you can still use that knowledge in other professional areas.
There’s no need to worry about that, though. Crypto’s future may be brighter than ever, so this is where you have option to invest in the cryptocurrencies you like best.
If you are new to the trading and crypto world, it’s normal if you feel nervous or unsure about investing in cryptocurrencies. Yet, you can try it either way and see if it works for you.
However, people tend to have more or less the same questions regarding trading. This Frequently Asked Questions section was compiled to answer those in case you have any:
Since cryptocurrencies are digital assets, you can’t go to an onsite store and buy them like you can purchase other types of assets. Yet, many websites can provide you with the cryptocurrency you are looking for, so it’s not that difficult to get crypto.
That’s the same process you follow to get a crypto wallet.
No! Crypto trading is a completely legit and legal activity, so doing it doesn’t bring you any problems with the police or the IRS. However, some countries have laws regarding trading. You should learn them to avoid having any trouble.
Yes, you can send or receive funds regardless of where you are with crypto. Since cryptocurrencies are decentralized, nothing stops you from making international transactions.
It’s not obligatory, no, but you can use a trading platform to trade. Not using one can might the process difficult and cause you a considerable amount of stress. Learn more about Crypto Genius.