There are now lots of ways for almost anybody to invest in cryptocurrency these days. All you need is a little extra cash, a Visa or MasterCard credit or debit card, or some Bitcoin to start investing in a wide variety of altcoins.
Many people like cryptocurrency investing because it does not involve Wall Street and other centralized financial institutions such as stock exchanges. There are numerous plans for cryptocurrency-based products on the stock and commodities exchanges out there but none of them have received regulatory permission to start trading.
Fortunately, there are lots of other places to buy and trade altcoins out there. A few of them will be described here to help you started.
Places to Invest in Cryptocurrency
There are a number of good cryptocurrency investment alternatives out there. The best of these altcoin investment resources include:
A centralized exchange is a commercial enterprise that offers cryptocurrency trading for a fee. Such exchanges are popular because they allow for currency trading with altcoins. Some popular centralized exchanges include Bitfinex, and HitBTC. Investors should shop around when looking for an exchange, because not every exchange supports every currency or accepts payment from all countries.
Cloud mining allows you to purchase hash mining power from a company to mine your chosen cryptocurrency. Not every cryptocurrency can be mined through a cloud mining company but the most popular ones including Bitcoin and Ethereum can.
Such platforms are a relatively new resource that allows users to purchase other kinds of investments with cryptocurrency. There are only a handful of these available including WhaleClub. The idea at Whaleclub is use cryptocurrencies and blockchains to reduce the cost of trading by eliminating fees and middlemen. An advantage to Whaleclub is that it might let you diversify your blockchain-based investments beyond cryptocurrencies.
The Future of Cryptocurrency Investment
The cryptocurrency investment market is growing fast and new products are appearing fast including many new altcoins. Many of these investments take the form of initial cryptocurrency offerings (ICOs).
Today’s ICOs come in all shapes and sizes but a lot of them are speculative and many are risky. There have also been numerous allegations that some ICOs are scams.
Be careful, and do a lot of research, but keep looking because there will lots of great, new cryptocurrency investments on the market in the near future. Understanding them might help you make more money in the future.