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What Is Cryptocurrency And How Can I Invest In It

What Is Cryptocurrency And How Can I Invest In It?

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What Is Cryptocurrency And How Can I Invest In It

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  1. WHAT IS CRYPTOCURRENCY AND HOW CAN I INVEST IN IT?

  2. What Is Cryptocurrency? Cryptocurrency is a form of digital currency which is built on blockchain technology, doesn’t have a physical form and uses cryptography to secure its transactions. And while cryptocurrencies have some similar features to PayPal or digital fiat money, for example, you can transfer money to your friends or pay for products and services, it has some key differences which make it unique.

  3. How Can I Invest In Cryptocurrencies? Traditional Finance Apps: There are a few traditional financial apps that allow you to buy certain coins. PayPal for example allows its users to purchase 4 cryptocurrencies: Bitcoin, Ether, Bitcoin Cash and Litecoin. Popular stock brokerage Robinhood has also introduced 7 cryptocurrencies to its platform. Using traditional finance apps can be beneficial for those who already have an existing account and are not yet ready to trust crypto platforms. 1 Centralized exchanges: Another option to buy cryptocurrencies with fiat money is through a centralized crypto exchange. Centralized means there’s a private company that holds your funds. This company acts as a custodian and is responsible for conducting all trades and transactions. 2

  4. How Can I Invest In Cryptocurrencies? Centralized Wallets: 3rd option to buy crypto with fiat money is through a centralized wallet provider. A wallet is a software or a mobile app that allows you to store, transfer and receive different types of coins and tokens. 3

  5. CONTACT US www.panaroma.finance

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