Simple and fast transactions
Today, you no longer need to be a financial expert to trade. It is enough to choose an exchange platform, and in a few clicks you can buy and resell assets. In crypto, the Coinmate exchange is a platform that deserves to be known. Active since 2014, his seniority is a guarantee of seriousness in the field of trading.
High volatility that allows for large profits
To trade in crypto currency prices, you have to know how to take some risks. To minimize these risks, you need to stay informed. Following the news and knowing the basics of this discipline is essential. The price of virtual currencies can double from one day to another and allow you to earn a lot. So, take care to choose the best online broker to make big moves. It is often recommended to invest in cryptocurrency before starting to trade. Investing makes it easier to understand what trading is.
Markets open 24 hours a day
While the traditional stock exchange closes and opens at certain times, the crypto currency prices system allows trading at any time. Indeed, no central authority governs transactions between buyers and sellers. It is enough that another user is active for an exchange to take place. Virtual trading platforms are therefore available every day of the week and at any time.
Accessible to small capital
You are not a millionaire? It doesn’t matter because you can still buy fractions of Bitcoin or other popular virtual currencies. The important thing is to follow a few rules. First of all, you should only invest the money you are willing to lose. We must place this money in a currency and a project that we understand. Then, and to increase your chances, it is good to diversify your investments as much as possible. This is how you can minimize risk and maximize profit.
A secure and anonymous system
With blockchain, the process of trading and transferring your digital assets is anonymous. The transaction is codified and unchangeable, which prevents any hacking. So far, the blockchain system hasn’t suffered any major leaks. It therefore remains safe and still reassures investors. It is this security that has made the success of crypto currency prices.
And disadvantages to know
The volatility of the value
What is an advantage can be a disadvantage. Indeed, the fluctuation in the course of virtual currencies can cause a lot of money to be lost. It is important to know the leverage effects in order to profit from it. Not being taken in by stress or emotions is also essential. Prices can evolve differently from what you expected and this is the most difficult rule of the game to accept.
The risk of hacking
Despite the security provided by the blockchain system, theft by hacking is still possible. With ever more advanced technologies, hackers intercept funds during transactions. The violation of crypto currency prices wallets and trading platforms can be avoided by choosing highly secure exchange channels.
4 – Use Crypto As A Means Of Payment
Formerly confined to the role of purely speculative assets, crypto currencies are increasingly developing as a credible means of payment. For most blockchains, the transaction processing capacity per second is much higher than on the Visa or Mastercard network. Moreover, the online payment giants are not mistaken and all give great credit to the use of cryptocurrency as a reliable means of payment. Paypal already offers some crypto payment features while Visa has recently teamed up with dozens of platforms to offer digital currency payment cards.
As part of LuckyBlock, the LBLOCK token, at the heart of the project, allows you to buy lottery tickets. Many projects use their tokens as a means of payment to buy goods or services on their ecosystems.
5 – Cryptos Allow Investing In Deflationary Projects
Unlike fiat money which is controlled by central banks and impacted by different monetary policies, most crypto projects offer a maximum cap. That is to say that the protocols provide for a maximum number of tokens in circulation . If we take the case of Bitcoin, the creation protocol foresees a number of 21 million Bitcoins placed on the market. And not one more.
For Ethereum, the EIP 1559 helped make the protocol deflationary. This means that there are fewer and fewer Ethereum tokens in circulation. This creates scarcity. If one correlates these deflationary crypto projects with the upcoming rise in demand, the overall trend in the market should go towards an increase in the overall marketcap. However, this does not mean that all projects will fly away. In the coming years, competition on crypto projects should be in full swing.
6 – Benefit From A Right Of Scrutiny Over Company Decisions
If the ownership of shares makes it possible to vote on certain decisions of the company in general meetings, more and more crypto projects are setting up what they call governance tokens . It is neither more nor less than the same principle. Thus, holders of governance tokens will be able to express their views on what guides the company’s strategy. Whether short, medium or longer term.
The LuckyBlock platform also allows holders of LBLOCK tokens to make these kinds of decisions. Thus, for each jackpot won, the company donates 10% to charities. Token holders can then decide which projects they want to see rewarded. Governance tokens are therefore vectors of greater involvement.
