Anyone can make money by investing in crypto in a professional way. We explain how to do it and all the risks that it entails, we also show you the taxation.
How to invest safely in Cryptocurrencies?
Knowing how to invest in cryptocurrency is not difficult as long as you follow some basic recommendations to do so.
We explain some of them and how you should do it to enjoy investing in Bitcoins or other cryptocurrencies.
The first thing is to decide on which cryptocurrencies you are going to invest, so that you reduce the risk, in the case of being a beginner investor we recommend that you choose Bitcoin or Ethereum since they do not usually rise in price very quickly and neither fall abruptly. within what is normal for crypto assets.
Do not invest money that you cannot lose.
Do not get carried away by too generous offers, that is, be wary of those who offer you extraordinary benefits.
Train yourself and learn how the market works and the technology behind cryptocurrencies
Control your emotions.
How to invest in cryptocurrencies?
To invest in cryptocurrency, the first thing you need is a Crypto bank account. There are several and some not only work as a wallet but also as an Exchange.
What are cryptocurrency exchanges?
Cryptocurrency exchanges are digital markets that allow the exchange of virtual currencies between the supplier and the applicant.
The interesting thing about this type of market is that they maintain a market exchange dynamic, where people interested in acquiring cryptocurrency will see the different offers that are presented in the market.
Some of these best-known exchanges are Coinbase, Binance, Kraken, or Crypto.com. We recommend that you do it in one of these.
You also have the DEX, the decentralized exchanges, but here the operation is somewhat more complex because you must have a wallet with which to interact with them. Some of them are UniSwap, PancakeSwap, Raydium or Astroport.
Most profitable cryptocurrencies so far
Throughout the difficult year that we are living, it has led to a boost in technology, since online sales have soared, the use of platforms to buy fast food, watch TV online, etc., giving rise to a growth in new technologies, placing RV Sector Technology in the best positions.
Bitcoin remains today one of the main criptomonedas most promising, since it is a reasonable operation because it has no central institution that controls the supply.
The other alternative, Ethereum, is the second foreign currency in terms of capitalization, its great strength is that it is in the development of applications and the use of smart contracts in development environments of a large number of new tokens.
It is followed by Cardano, which has achieved less profit in the last quarter of the year, but has great potential since it is based on technology and allows faster transactions than Bitcoin.
Another veteran currency is Litecoin, which seeks to decrease the time in a transaction with respect to Bitcoin.
Finally, we have cryptocurrencies that have seen their prices rise more than 1000% such as Solana, Luna, Avalanche, Decentraland or Uniswap, or meme coins such as Dogecoin and Shiba Inu.
How to buy cryptocurrencies for the first time?
To buy cryptocurrencies you can do it in several ways, on the one hand, you have the peer-to-peer market, it is the most common for the most experienced.
On the other hand, there are national exchanges such as Bit2Me, which are secure platforms, but which will charge a commission. Or, you can do it on international platforms such as Crypto.com, Coinbase, or Binance with any credit card.
Investing in Bitcoins or others?
Opinions on investing in Bitcoins or other cryptocurrencies are still divided among experts.
On the one hand, Bitcoin is offered as the best alternative for the future of the crypto economy, but on the other hand, it is considered that attention must be paid to other cryptocurrencies that make up the market and that have had significant growth and in some cases more compromising than invest in Bitcoin.
If we review the growth of other cryptocurrencies such as Ethereum, you will see that it has grown in 2021 more than Bitcoin, but not only Ethereum, other cryptocurrencies such as Binance Coin, Dogecoin, Avalanche, Solana, or Cake have shown greater growth in the same period.
How cryptocurrency investments are taxed
It must be very clear that any profit obtained from trading cryptocurrencies will be taxed as capital gains.
We must declare cryptocurrencies when we make a profit or loss in dollars.
These cryptocurrency purchase and sale operations are similar in our regulations, to what happens when you buy and sell shares or participations of any commercial company, whether or not they are listed on the stock markets.