Disclaimer: The text below is an advertising article not written by Cryptonews.com journalists.
Cryptocurrency continues grow year after year. The price hike of 2020 created a lot of friction, especially when a huge company like Tesla announced a massive investment in Bitcoin. More people are starting to flock to the crypto space in search of new opportunities.
The popularity of cryptocurrencies is here to stay as more and more people show interest in investing in the space. While some use it as an investment portfolio, others use bitcoin and other cryptocurrencies to actively trade and make a profit.
Keep reading to discover what makes bitcoin an attractive asset and why so many people trade it.
The Attractive Nature of Cryptocurrency
The primary reasons that make cryptocurrency an attractive investment are its anonymity, security, and speed. the nature of blockchain technology It means that there is no way to tamper with the system or cheat.
Anyone can look at transaction records and see digital cash flow. While the information makes the system transparent, everything remains private, as bitcoin wallet addresses have nothing to do with real names. Ensures anonymity, protecting the privacy of bitcoin holders.
Blockchain security is another reason for the popularity of cryptocurrencies. The entire system is hack-free, making the space safe from outside intruders who want to steal money.
Last but not least, the speed of sending payments is very convenient. You can send and receive cryptocurrencies within minutes. This is very practical as you do not have to wait days as you do with banks.
It is this nature of cryptocurrencies that makes the space so attractive. However, there is more to consider.
Traders usually face transaction fees with traditional banking institutions. Although there are fees in the crypto space, they are much less. This makes trading bitcoin and other crypto assets more attractive. It leaves more room for profit.
Furthermore, when traders pay fees through traditional banking, they know it’s just a profit for the bank. In the crypto system, fees are rewards for those who maintain the entire system. So every time they pay a fee, they fund the entire network and keep the coin alive.
If you are wondering who is operating the network, you will want to hear that there is no organization behind Bitcoin. The network passes through How it works. So-called miners use their hardware to maintain and secure the network.
In this way, there is no interference from external forces such as governments and other powerful bodies. The control and security of the network is in the hands of the people, and this is another point in favor of the popularity of the system.
Bitcoin has received a lot of attention in the media because of flip it. Although some see this as a risky investment, others are willing to seize the opportunity and try to make a profit. This is where traders come in and follow price shifts to make profitable trades.
Due to price fluctuations, Bitcoin is the ideal asset for both short-term and long-term trading. For example, day traders can see 1-2% changes. This percentage can go up to 5-10% weekly or monthly.
This may not sound like much, but given the high value of the asset, it translates to hundreds or thousands of dollars. Therefore, thousands of traders are trying to predict BTC movement patterns to profit from their trades.
Some make trades daily, while others wait for bigger shifts in the market to make their move.
Bitcoin trading is popular because it is the basis for all other crypto projects currently under development. It is the first cryptocurrency that people trust the most. Due to the rapid growth of metaverseBitcoin could be its currency.
Traders are betting on this future potential, actively trading the asset for profit. They are not the only ones excited. For this reason, many long-term investors invest in bitcoin.
It’s easy to buy with Azondo
Ease of use was a huge challenge in the beginning of BTC. There were not many options available in the market, and access to cryptocurrency was reserved only for tech-savvy users. Nowadays, though, things are getting simpler.
Anyone with a Visa or Mastercard can buy bitcoin and start trading it. The simplicity of the whole process has attracted countless other traders to join the field.
Take cryptocurrency exchange Azundu, for example. The bitcoin exchange platform is easy to use.
All you have to do is:
- Create an account The platform is available to all EU and Scandinavian countries. The process requires an email and other personal details for security reasons.
- Pass identity verification – ID verification takes a short processing time of less than 3 minutes in most cases. Once completed, you can buy bitcoin.
- buy bitcoin – Enter the amount of BTC you want to buy and use your debit or credit card to make the purchase. Azondo automatically creates a Bitcoin wallet for you where you receive the cryptocurrency.
The three-step process shows how you can simply get bitcoin with Azondo in a matter of minutes. Once you have BTC in your wallet, you are free to transfer it to any other exchange and do whatever you want.
Use cryptocurrency exchange Azondo to buy BTC
If you are keen to start investing and trading in the crypto space, then using Azondo to buy BTC is the best option. It is one of the safest ways to get BTC in an online wallet. Once you have purchased it, you can send it to another exchange for trading.
After completion, you can use the same wallet to withdraw money to Azondo and exchange it for fiat currency.
Do not hesitate to Participation And use the Estonian exchange Azondo to buy bitcoins in a matter of minutes.