Cryptos, or Cryptocurrencies, are a form of digital money that is designed to be secure, operating independently of a central bank or institution. Cryptos can also be called ‘digital currencies’, ‘alternative currencies’, ‘virtual currencies’, and ‘alt-coins’.

A Cryptocurrency is a medium of exchange, which is much like normal currencies we’re all used to such as the Great British Pound (GBP) or the United States Dollar (USD), but instead designed with the purpose of exchanging digital information through a process made possible through certain cryptographic principles. The first Cryptocurrency to be created was ‘Bitcoin’ back in 2009. Bitcoin is now worth over $19,000 USD per coin. Today there are over two thousand Cryptocurrencies, all offering their own unique solution using something called ‘Blockchain Technology’.

Cryptocurrencies are a phenomenal opportunity which, as a trader or investor, you won’t see twice in a lifetime. Never has a market shown such possibilities to make profits, Bitcoin alone this year has climbed 1432.95%, which isn’t the biggest gains seen in the markets by far. Typically, across the whole Cryptocurrency market, you can see over 100% returns each week on many coins. There are a number of sides to Cryptocurrency.

1. You can trade cryptos and invest in Cryptocurrencies.

2. You can use Cryptos to purchase goods or services worldwide.

3. You can invest in some mining hardware and begin mining coins.

There are two main methods to Trade Cryptos such as Bitcoin.

The first is to buy and then hold these digital currencies. This method requires both research, and the knowledge to technically evaluate each coin you buy in order to find the opportunities that are worth investing in. Using this option, you are looking to buy a Cryptocurrency, hold it for a time, and then sell it at a higher price than the initial purchase price.

The second method in order to Trade Cryptocurrencies is just as lucrative but slightly more complex, making it more suited for advanced traders. Similar to Forex, you are trading the main Cryptocurrencies against other fiat currencies such as the US Dollar, Sterling, or Euro by using a broker.

The method you choose is dependent on your personal skill and confidence.