Are you curious about the crypto world? Do you want to start working on it yourself? It sounds like an exciting idea, but it’s not always enough. First, you need to learn some basics that will guide you on the right path. Don’t despair. We are happy to share them with you!
Why are you doing this?
When discussing cryptocurrency, the English abbreviation FOMO – Fear of missing out is often used. Since cryptocurrency is very popular in almost every corner of the world despite its young age, it often happens that people just run headlong into it. In this way, one does not get to understand the basics of the field or realise why it is being done at all.
Due to the open nature and decentralisation of cryptocurrency, it is predicted that it will influence many fields. Blockchain technology can already be used in everything from banking to medicine to art. Also appealing to many is the fact that, for example, Bitcoin and Ethereum have a fixed number and, unlike the regular currency, they cannot be printed ad infinitum.
Timing is the key!
Cryptocurrency can be bought and sold 24 hours a day, 7 days a week. This means that the price can rise, fall or do both in one day, even by hundreds or thousands of euros. Also, cryptocurrency (due to its open nature) is subject to more significant fluctuations, as the market is only regulated by supply and demand. So it is recommended to observe market fluctuations before making your first purchase or sale.
Assess the risks and use a trusted partner
Care must be taken in any emerging field, including buying and selling cryptocurrency. There are more than 18,000 different cryptocurrencies, including both serious ones and those created on dishonest foundations. Bitcoin and Ethereum are arguably the most well-known and safest. If you want to start buying and selling cryptocurrency, it makes sense to start with them.
Due to its open nature, anyone can buy and sell cryptocurrency. Therefore, choosing a reliable partner whose involvement and mediation can mitigate various risks is recommended. Fortunately, you don’t have to look far for a reliable partner because the Estonian company Bitnomics has been operating in the field for over two and a half years and, in that time, has managed to serve over 17,000 customers.
The main advantage of using Bitnomics is that the company follows all the rules and regulations related to buying and selling Estonian cryptocurrency. In addition, there is the multilingual customer support that can be contacted quickly through various platforms in case of questions.