IMMEDIATE BOARDING 🚀
Heard about cryptocurrency on TV or heard your friends talk about digital assets? But does the notion of virtual currency not speak to you? Then you have come to the right place. We will guide you through several articles to inform you about the very nature of cryptocurrencies and how to tame them.
Those in a hurry can go directly to the last section.
Otherwise let yourself be guided through our explanations.
We will first see where cryptocurrency comes from, how it works and what can it bring to our scale? Then, how to get it easily, while avoiding the fees that the platforms apply in different forms. Let's go.
Objective of the section: know how to buy cryptocurrency.
Where does cryptocurrency come from?
Contrary to what one might think, cryptocurrency does not come from another planet. It is also not mined from surface quarries, but yet it is customary to mine it.
Cryptocurrency is first and foremost a tool, it is a financial application of the blockchain.
The blockchain is a mechanism allowing the traceability of each transaction.
A transaction is valid if the sender and sender use the same protocol.
A marketplace is a place where supply and demand meet to trade cryptocurrency.
How it works ?
The blockchain is a cryptographic process allowing the non-fungibility of tokens. A token is one part of this set. A token is used to signify a unit of value. That is to say that each token that will be available in circulation will be unique. It will be a stakeholder in the blockchain and no one will be able to doubt it since the activity register is open access.
Bitcoin is the first cryptocurrency. Its capitalization represents half of the total crypto market.
Bitcoin is decentralized, that is to say that each of the users owns a part of the network.
Bitcoin is dematerialized, it is not tangible, it is not modifiable either.
It is necessary to mine bitcoin for transactions to be properly executed.
It would take 51% of the network to corrupt the mechanism.
Each cryptocurrency has a limited number of tokens (which creates scarcity).
The price is defined in real time by the confrontation of supply and demand.
Find out in depth what is blockchain here
What are the interests?
The interests are multiple. First of all the blockchain brings transparency, traceability and security to network users . Many applications are already available for direct use in the real world. The quantities of data processed are unparalleled. Blockchain provides technical solutions to previously insolvent problems. New cryptos are arriving every day, offering to revolutionize the world in their own way. Among all these projects, there are achievements that will change environments for good, such as finance, art, mobility and much more.
Carrefour offers the traceability of its chickens available on the shelves thanks to the Blockchain.
In Australia, the PowerLedger start-up uses the Blockchain to facilitate peer-to-peer energy distribution.
Walmart has adopted a blockchain-based freight billing and payment system.
How to get it?
It is now increasingly easy to obtain cryptocurrency. Many services have emerged in the market to offer the purchase of cryptocurrencies. They are not equal, some focus on accessibility, others on the number of services offered. They each have different specificities as well as their own pricing. We will present you 3 of the biggest platforms among the hundreds that exist so that you can make your first cryptocurrency purchases with peace of mind.
Choose your starter 🚀
It's time to take your first steps on an interface dedicated to the exchange of cryptocurrency. It's time to choose your starting starter. Note that this is not definitive, on the contrary, it is cumulative. For example, I have an account on each of these platforms and many others, because certain currencies are only available on certain specific sites.
Here are in my opinion the three best platforms to start using cryptocurrencies. I classified them according to 5 criteria, ranging from the ease of handling , through the number of cryptos available, the fees applied on the uses, the viability in relation to the market (number of assets) until the withdrawal for transfer its cryptos to other platforms.
As I often say, simplicity pays off in the cryptocurrency world. Indeed, the easiest platforms to use are also the most expensive. Either you are fighting between blinking numbers or paying yourself extra fees.
The most ergonomic platform. A pillar of the economy, simplicity and a wide choice of currency. However, trading here could cost you dearly in fees. I therefore recommend this platform to buy cryptos and make a small wallet of the essentials.
The least intuitive platform on the market, but the biggest in volume. Binance offers a lot of benefits, very low fees, as well as a wide choice of currencies. I recommend this platform if you plan to trade, that is to say buy / sell regularly.
The easiest platform on the market. Download the application, validate your identity, make a transfer. It's all good. There is a premium plan to never pay fees again. This app is good for storing with 12% profitability, not for trading.