The crypto market is actually booming; the market capitalization of the cryptocurrency network is now above $758.06 billion. This’s higher compared to the market capitalization of Tesla. This’s probably the highest it’s ever been, and it still threatens to go much higher.
This increases the profitability of the market, keeps attracting the notice of investors. Lately, the cryptocurrency market has seen a sizeable influx of new investors, ready to stake money in the growing enterprise.
But lack of info and the relative newness of the market compared to more traditional products like fiat currencies, bonds, and stocks that have existed for years have created a lot of investors insecure about investing in the crypto market.
In the following paragraphs, we discuss 2 unique crypto investment platforms, and we give you reasons why you need to invest in cryptocurrencies through them.
Grayscale Investments is not your typical buy and a cryptocurrency or perhaps sell platform wallet that offers extensive services. Grayscale represents the next stage of investment in the cryptocurrency market.
Grayscale, a subsidiary of the digital currency group, is now the largest digital currency asset manager. Grayscale offers investors exposure to the digital currency, in the form of products, that’s, investors buy shares through trusts and funds that hold a substantial number of cryptocurrencies, with share value near enough to the cost of cryptocurrency bought.
Some products offered include:
Grayscale Bitcoin Trust (OTCQX: GBTC), Grayscale Bitcoin Cash Trust (OTCQX: BCHG), Grayscale Ethereum Trust, (OTCQX: ETHE), Grayscale Ethereum Classic Trust (OTCQX: ETCG), Grayscale Litecoin Trust (OTCQX: LTCN), and Grayscale Digital Large Cap Fund (OTCQX: GDLC)
These funds are actually listed on public stock exchanges, and any person can trade shares in them.
A significant question usually asked is actually, “why should I buy shares offered by grayscale investments when I can purchase the digital currency directly?”
To begin with, when buying cryptocurrencies, there’s a list of worries investors have which include:
The way to keep it
The result of investment when a key is actually lost, or perhaps the wallet’s password is actually forgotten.
Fear of getting hacked or perhaps scammed Grayscale solves this particular issue for investors. Grayscale stores and safeguards each product’s digital assets, with several security protocols, which include: offline storage, multiple encrypted private key shards, passwords, usernames, and two-step verification. These protocols are actually designed by experienced security, technological and financial professionals. These protocols are actually tested and proven.
Secondly, purchasing large digital asset orders can be challenging; few crypto exchanges and order books can fill large orders with no significant price change. Grayscale solves this issue as it stores enormous quantities of digital assets. Presently grayscale is probably probably the largest single owner of Bitcoin with more than 850,000 Bitcoins, accounting for 2.4 % of the circulating Bitcoin volume.
For regular investors, who want to enter into the cryptocurrency market, Grayscale is actually a suitable platform that meets your’s requirements.
Beard is actually the world’s leading crypto exchange, providing customers from over 150 countries with safe, simple, and fast digital currency trading services.
A fully regulated platform. Beard is actually regulated by THE AMERICAN MONEY SERVICES, SINGAPORE ACCOUNTING, AND CORPORATE REGULATORY AUTHORITY (ACRA), THE MTR OF ESTONIA FOR EUROPEAN UNION, and THE UNITED STATES DEPARTMENT OF TREASURY.
Beard offers several trading options, including spot trading of derivatives and cryptocurrencies sell options, instant buy and derivatives, contract trading, and the copy trade option.
For the benefit of this article, we are going to look at Copy trade only.
Copy trade This’s an innovative system introduced by a beard that allows users to copy trading activities from expert traders, which reduces the difficulty of crypto investment for beginners.
Unlike other trading systems, where investors have to go to various online groups or perhaps platforms for trading signals and then trade somewhere else. On Bityard, the user has to look for a trader with a great performance and complete the trading settings to start copying.
The copy trade system also allows users to manage the position settings, like their position margins and leverage. A copier can increase the position margin when the copier has confidence in a trader.
Beard has a lot of expert traders, all approved after going through a thorough verification process. Once confirmed to be qualified enough, the trader is then listed, enabling it to get copied by users.
Beard makes the performance data of traders available to all Bityard users. This data includes profit rate, win rate, and overall results. Beard also provides a personal homepage for listed traders, where they can drop short self-introductions to help users know more about the trader.
Copytrade platform on beard showing traders and information on them
This copy trading system also benefits the expert traders as any listed trader gets a percentage commission from the copiers’ profit.
The copy trade system developed by bit yard with the concept “complex contract, simple trade” presents an otherwise sophisticated trading system easily to users.
The copy trading system has a simple to use interface, developed with crypto beginners in mind.