Is it safe to invest in Bitcoins and other Cryptocurrencies?
If you have heard about cryptocurrency and Bitcoin, you might be wondering; How does it work? How do people make money from it? Well, guess who got your back? Me 😁😁😅 . Just read through this article where I’m discussing what cryptocurrency is, how people are making money from it, the benefits and the risks involved.
I have been trading bitcoins for a while now, and I recently got selected as a Paxful Peer, so I have adequate knowledge and I’m glad to share. Paxful is one of the leading Bitcoin trading platforms. It’s very secure and it has a great user experience. Trading is so easy with Paxful.
So, what is cryptocurrency? You have probably heard this from a friend or read about it somewhere so ill just be brief. Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency is a type of currency which uses digital files as money.
How people are making money.
In long term investments, people buy bitcoins or any other cryptocurrency in bulk and wait for the currency to gain value so they can sell. For example, you can buy coins when the value per bitcoins is $6000 and wait for some months for it to gain value. When the value per bitcoin hikes to $10000 you decide to sell, thereby making $4000 in profit.
On the other hand, a Bitcoin vendor, buys bitcoins and sells at a profit in short terms basis e.g, daily, weekly etc. Paxful gives you a bitcoin wallet for free after you create an account with them. After creating your account, you have to be a verified user for you to become a vendor.
In this platform, you buy coins at a lower rate and sell to a different person mostly in a different country, with a higher rate. This way, you make extra cash.
For example, if you bought $200 worth of bitcoins at 2% above market price and you sell at 20% above market price, you will make $36 as profit. That’s in a single trade which can take 30 minutes or less depending on which payment method you are using.
The Paxful Platform.
Paxful is an online marketplace which allows buyers and seller to meet online and trade Bitcoins. Similar to LocalBitcoins, Paxful allows a wide range of payment methods and buying options which can’t be found on traditional exchanges.
Join Paxful here.
Paxful supports over 300 payment methods from all over the globe, e.g Money-gram, Western Union, Bank Transfers, Mpesa, Skrill and PayPal just to name a few. I find this a fascinating way of making income from home or literally anywhere as long as you have a portable device with you. Of course, you will need the internet 🤪 .
How to join Paxful.
As you join Paxful, it is important to have someone to guide you on how to create your offers or someone you can contact in case of any inquiries. As a Paxful Peer, it is my job to see to it you get the best out of this platform and avoid any form of scammers. Join me on Telegram and ill be happy to guide you and answer your questions about the platform.
Paxful is dedicated to making sure you trade in a safe and secure space. In case you find someone trying to scam you, Paxful has a team of moderators to whom you can report scammers.
Join Paxful here.
The new users who sign up with my link will earn 5USD worth of BTC after they are ID and address verified and made one successful trade. I will also provide guidance anytime you need my help. If you join using a non-peer link you won’t be awarded the 5USD so why not leverage on that?
To invest — this is the most obvious folks. Everyone is looking for a side gig and trust me this is a good one. With the Paxful mobile app, you can trade using your phone from anywhere.
Cryptocurrency volatility — The volatility of cryptocurrencies is part of what makes this market so exciting. Rapid intraday price movements can provide a range of opportunities for traders to go long and short but also comes with increased risk.
When you buy a cryptocurrency, you are purchasing the asset upfront with the hope that it increases in value. But when you trade on the price of a cryptocurrency, you can take advantage of markets that are falling in price, as well as rising.
Volatility — this is the most common. Volatility can be a great advantage or disadvantage depending on how you handle the situation and how well you predict the curve.
It is usually what scares people away from investing in Bitcoin. The volatility stems from the fact that there is a limited supply of coins (21 million bitcoin and at least 80% of that 21 million has already been mined) and the increasing demand for them.
Disputes — in any community there is always that person who wants to rip where they didn’t sow. Paxful helps you raise a dispute in case a scammer tries to rob you and the Paxful moderators solve the disputes in favour of the wronged party. This feature makes it very hard for someone to run with your money. Scammers are banned from the platform and their accounts frozen. Paxful is dedicated to genuine/transparent trading. Scammers never flourish in Paxful.
Bitcoin trading is safe as long as you are using the right platform. I have been using Paxful for a while now and the experience keeps getting better and better. I have also tried other platforms but they are simply complicated for no reason.
There is no investment that doesn’t involve taking a risk. You just have to be on guard every time and know what you are doing. Whatever you choose to invest in, there will always be a risk involved. The advantage you have in trading with Paxful is that you are in control of your funds, unlike most platforms where someone invests for you and sometimes people get scammed. Remember, don’t start alone. We got you. Join us at Telegram today.
Happy Trading and Stay Safe 🤩🤩🤩🤩
Join Paxful here.