People started talking about cryptocurrency in 2010 but still, they were afraid to trade and to invest.
Then, in 3-4 years, only experienced traders who worked with free Forex signals before began to invest in crypto.
And now, in 2020, we see that a lot of people around the world want to make cryptocurrency as the main source of income.
Is it possible?
Of course, it is. But not for newcomers. You need to know that you can earn on crypto but you need like 4-5 years to start earning enough money.
That is why don’t believe unknown “traders” who offer you that you will become rich if you start trading with their services.
So the main question is still very interesting – why is cryptocurrency so popular?
Let’s talk about the reasons people like it:
I’m sure you saw some moments watching films where gangs say something like “I’ll send your money to the Bitcoin wallet”.
Well even if you didn’t, I did.
Don’t think that crypto is for bad guys only, haha, I just want to tell you that if you pay with crypto, no one will know who you are, where you are from, etc.
- Low fees
Yes, bank fees are higher.
That is why it is profitable to pay with Bitcoin, Ethereum because commissions for crypto transactions are quite low.
- No geographical limits
You can send and receive crypto to any country in the world.
By the way, fees are the same, and it is not important where you send and how far this country is from you.
- Safe crypto storages
Did you manage to find your best crypto wallet?
Even if you didn’t, you would need to, because it is very important to store your crypto in a safe place, and any software development company will tell you the same.
Professional traders prefer using hardware wallets or wallets with cold storage.
Of course, those reasons are not the only ones but they are the most important.
Cryptocurrency is very popular as the method of payment, but it is even more popular as the source of income.
Before you start trading, you should know all the risks that are waiting for you. The crypto field is full of scammers and you need to be very attentive while choosing the best channel, wallet, or bot.
So, will crypto have the same popularity in the future?
It will have the bigger one!
2020 is not the year of crypto fame – we can expect more attention to this virtual type of money.
If you decide to invest in crypto, you will need to choose everything wisely not to lose your time and money. Now if you are looking to invest in crypto and want to have a secure and reliable transaction, check out xcoins.com
I wish you good luck!