✔️ Information reviewed and updated in May 2024 by Pedro Martínez González
What are cryptocurrencies?
You have probably heard of cryptocurrencies, cryptocurrencies, or perhaps you have heard its name in English, cryptocurrencies. You may also have heard them by the name of digital currencies or simply altcoins (it should be noted that altcoins are all cryptocurrencies other than the most popular, Bitcoin).
Well, you are probably wondering, what are these cryptocurrencies? Well, let's take for example the most popular, Bitcoin. Bitcoin (or really any of the digital currencies) is a medium of exchange, just like any currency, for example the dollar. But designed to be able to be exchanged digitally, and this is possible due to the principles of cryptography (hence the name, cryptocurrencies). Cryptography is used to be able to carry out transactions and create new currencies, safely.
The first cryptocurrency created was Bitcoin, in 2009. And since then, its popularity has not stopped growing. And the interest is not only part of the enthusiasts of new technologies, but also of traders or economists. Why are they becoming so popular? We believe that it is because with this type of currency it is possible to carry out transactions all over the world, without the need to carry out the usual currency exchange. Since, this year, the cryptocurrency surpassed the barrier of 2000 USD, its popularity has not stopped growing.
Another very interesting fact about cryptocurrencies and that shows the increase in their popularity, is that at the beginning they could only be used in internet or online transactions. Now it is also possible to buy in "the real world", that is, in physical stores that accept payment with Bitcoins.
To keep it simple, cryptocurrencies are a currency, such as the dollar or the euro, but they are made of lines of code with monetary value.
What are some of the advantages of cryptocurrencies?
-Don't pay transaction costs of any kind, or very, very low fees
-There is no intermediary that handles your money (like a bank), this also means that when paying, we must not sign, or enter a pin or card code, but a code that only we will know and nobody else
-They are transferred between users, there are no banks, or brokers as intermediaries
-You can use them all over the world
-THE ARE YOURS, there is no electronic system where your money is deposited. Take Paypal for example, if for some reason the company decides to "freeze" your account, they have the power to do so. With cryptocurrencies, you have your password, and no one else
And what do you think of cryptocurrencies?
Hi, I'm Soledad Parra: could you give me your opinion on trade360?
Hello Soledad, here you can read a Trade360 analysis.
regards
Can anyone tell me about WDC Markets?. Regards
Hi Jose, here you can read a analysis on WDC Markets.
regards
Hello, how about someone could inform me that such is fx trading for fun or that you recommend me?
Hi Sara, do you have the website of this company?
HELLO, I AM JESUS MANUEL PALOMARES VILLALVA EMAIL [email protected]
mx, start an account with the number 8995419 and deposit on the day 01-2-19 another game of us 250.00 and I have not received information from the previous account and therefore I do not know if they increased the amount that I sent them, I do not know any information, what I must do?
Hello Jesus, what company are you talking about?
Greetings.
I want to invest in cryptocurrencies, they would be so kind to guide me and recommend a reliable broker
Thank you
Hello Elías, here you can see a section with tips to choose a recommended broker.
A greeting.
Hello. Anyone know anything about Lionsbit? Is it regulated or is it reliable? They work with cryptocurrencies. Thanks
Hello Ricardo, in that case we recommend you go through the Lionsbit section, and if you can, tell us how you came to find them, a greeting.
What or how can I recover my assets from an investment platform which did not meet my expectations, I have tried to recover my assets and I have not succeeded, during the time that I operate I managed to obtain profits and when processing withdrawals I never achieved it, I have some time that I leave the platform but I have assets for around 7500 usd and it is time that I have not been able to count on that amount that is mine, could you help me to rescue it, I have already sent you my request through emails and I have not received any response, for the withdrawals I met the requirements that were requested of me and I have not received anything.
Hello Jorge, what you are telling us is typical of scam brokers, unfortunately, can you mention the company's website? All the best
Hi! I recently started researching cryptocurrency investing. Based on your experience, would you recommend any in particular to me?
Hello Verónica, we recommend working with a regulated broker, here you can read advice on how to choose a brokerAs for which cryptocurrency to work with, we are not really on the subject, so we would not know which one to recommend, greetings.
Regards!!
Could you tell me about the cryptocurrency onecoin and the company onelife?
Thank you!!
Hello Vladdim, we really focus on brokers that offer cryptocurrencies or other instruments, but Onelife is not a broker, so we would not know whether to recommend it or not, in any case you can wait for comments from other clients, greetings.
good post thanks for the explanation, I have something invested in litecoins and for now I am doing very well.
regards