How to invest in cryptocurrencies?

Many people are tempted to invest in cryptocurrencies, but think that this process is exhausting. However, it is now very easy to invest in these virtual currencies. Some of them show very high growth rates. Explanation.

Bitcoin, a safe haven

In this period, marked by the international crisis with the conflict between Ukraine and Russia, safe investment is one of the main problems of both individuals and institutional players. Thus, bitcoin looks like a safe haven in several respects.

Bitcoins are a rare virtual currency because of their limited number. There are 21 million bitcoins in circulation. In the face of inflation, bitcoin is enticing investors. Thus, bitcoin is one of the most popular cryptocurrencies in 2022. This virtual currency accounts for more than 50% of the remaining market. Therefore, buying cryptocurrencies with Coinhouse is a great option. Bitcoin remains a reliable bet for the world’s first cryptocurrency investment.

Choose the right platform for investing

It is important to master certain basics and, in particular, the vocabulary of this universe. You can easily find cryptocurrency training online. This way, you will learn what blockchain or mining is. To learn about this universe, you need to train. Many Youtube users shoot very educational videos online to enlighten you about the basics of cryptocurrency.

There are a large number of operators in this highly competitive market. Therefore, it is necessary to choose a reliable cryptocurrency platform methodically. A structure has been established that regulates platforms that sell cryptocurrencies.

The Authorité des Marchés Financiers (AMF), the sector’s custodian, oversees the activities of digital service providers, ie intermediaries that offer cryptocurrency services. Among the major platforms Coinhouse ranks high. It is important to pass the French platform during the operation.

In fact, if the account you use to purchase cryptocurrencies is located outside of France, taxpayers are required to complete Form 3916 with each tax return. Failure to do so could result in a fine of more than € 1,000 for an undeclared account.

Protect your cryptocurrencies

Protecting your digital currencies is an important element when you start investing in cryptocurrencies. Therefore, it is very important to activate dual authentication on the platforms you use to sell or buy cryptocurrencies. In addition, it is better to make transactions with a completely secure Internet connection and avoid it in public places.

You will also need to familiarize yourself with your virtual wallet called Wallet. There are different types. A hot wallet is a virtual wallet that stores cryptocurrencies on a tablet, computer, or smartphone. Its advantage is practicality. The second option, a cold wallet, is an external storage mode that is not connected to the Internet. A safer method that protects against the risk of burglary, which is a threat that needs to be taken seriously.

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