If you haven’t heard of Bitcoin, then you have been living under a rock. Bitcoin has taken the internet world by storm and sparked a cryptocurrency movement. Using blockchain technology, cryptocurrencies are able to be traded all over the world with complete anonymity. While many people have used cryptocurrency to make nefarious purchases on sites such as the shut-down Silk Road, many have found it’s qualities quite useful.
There are so many cryptocurrencies (also called altcoins) popping up seemingly every day. At latest count, there were over 800 different cryptocurrencies you can purchase ranging from the most expensive at over $15,000 to micro coins costing only fractions of a penny per coin. So how can you take advantage of the rise of cryptocurrency?
There are two types of crypto-investors. The first is the investor who already has large sums of money to invest. For these investors, it is best to go with the more reliable & expensive coins such as Bitcoin, Dash, Ethereum, & Litecoin. Chances are if a person invested several thousand dollars in these coins that over a period of time that money will grow considerably.
However, most people interested in cryptocurrency do not have the funds to be so patient. If you are looking to take advantage of the cryptocurrency craze, but only have limited financial resources, then the best way is to invest in many of the micro coins. Some of the better coins right now to look at that are very inexpensive are Ripple (XRP), Tron (TRX), & Digibyte (DGB).
The tricky part about buying the smaller coins is that to purchase them you have to use an Exchange such as Evercoin or Changelly. To find out more about how you can exchange cryptocurrency on Evercoin, then watch the video above. You will be a pro in no time!
This process can also be completed on a mobile device with the Evercoin app