How To Make A Cryptocurrency Investment Making Your First Cryptocurrency Investments
What’s the best cryptocurrency to invest in? Good question, but we’re here to help. This is because Zeply makes it simple to know which cryptocurrencies to buy and which to leave alone. Take a look below to find out more.
There are hundreds of cryptos in existence and they all work in different ways. As such you might need our help to know how to invest in cryptocurrency with confidence. So read our guide to learn which cryptocurrency could suit your investment needs best.
Why Bitcoin just one of the best kinds of cryptocurrency to invest in
The chances are that you might have come to Zeply not just to buy cryptocurrency but Bitcoin. However, it’s important to remember that there are many different kinds of cryptocurrencies that you can buy and sell. The trick is to know which cryptocurrency to invest in for your own needs. This means getting a good understanding of how does cryptocurrency work and how it performs on the market. So here’s a quick overview of the digital currencies that have been leading the crypto news so that you can make your choice of the best cryptocurrency to invest in.
Bitcoin (BTC): The crypto that started the whole revolution, so the question “should I invest in Bitcoin” is a common one. Launched in 2009, Bitcoin uses blockchain technology that is used to verify each transaction and is the digital currency that put the terms “cryptocurrency halving” and “cryptocurrency mining” in the news. The value of Bitcoin has soared and it remains one of the best cryptocurrency to invest in. You can easily buy, sell and trade Bitcoin at Zeply.
Ethereum (ETH): Also known as Ether, this crypto was developed for use on the Ethereum network, but has since become the second most popular crypto to invest in. It offers fast transactions and there’s no limit to the number of Ether coins in circulation. Soon to be introduced at Zeply.
Ripple (XRP): The Ripple network is widely used across the financial industry for its ability to make fast and secure payments across borders. The XRP coin has also gained acclaim as it could be the best cryptocurrency for transaction costs and processing times. Keep an eye on Zeply for when we allow you to buy and sell XRP.
Litecoin (LTC): This was devised to be a faster version of Bitcoin and it has commonly been called the ‘silver’ to Bitcoin’s ‘gold’. Not only is Litecoin speedier than the original crypto, but buying and selling LTC is also easy to understand.
Remember that many more altcoins like Bitcoin Cash (BCH) and Dogecoin (DOGE) will soon be available for trading on Zeply. Plenty of choice for anyone who wants to invest in cryptocurrency and participate in cryptocurrency trading.
What you need to do to buy cryptocurrencies
While it’s tricky to know the best cryptocurrency to invest in, once you’ve made your choice, you’ll find it’s pretty straightforward to make your cryptocurrency investment.
Prepare yourself to invest: The first thing that you’ll need to do is to make sure that you’re making a smart decision by choosing to invest in cryptos in the first place. After all, any crypto from Ethereum to Ripple can experience big drops in value as well as rapid rises.
Check your account balance: Obviously, you’ll need to have actual money to invest in cryptocurrency. This means either having money in your debit account or even in another crypto wallet. Also, remember that, with Zeply, you can buy crypto with debit card, and in we are preparing everything to let you buy crypto with PayPal. So just check your account balance to make sure that you’ve got enough to safely make your crypto investment.
Pick your crypto trading site: Once you’ve done this, you’ll need to find a crypto exchange like Zeply that features the best cryptocurrency to invest in now. While many crypto trading sites work the same, they don’t always feature the same cryptocurrencies. At Zeply, you can be sure that you’ll get easy ways to invest in the best cryptocurrency through the best crypto app. This means that you won’t just get to buy and sell Bitcoin, but you can look forward to trading many more altcoins very soon, without having to pay high cryptocurrency transaction fees.
How to make a cryptocurrency investment at Zeply
While it can be tricky to know which cryptocurrency to invest in, if you want to know how to invest in cryptocurrency, things are a little easier. Here are the key things that you’ll need to do to invest in cryptocurrency at Zeply.
Create your account: It’s easy to set up a Zeply account. You just have to provide some basic personal information like your name, email address and telephone number. From here you will then get to create a password, and verify your account via email and telephone. All of which means that it’s only you who gets access to your account.
Fund your account balance: Now it’s time to add some money to your account. Zeply gives you safe and efficient ways to make a deposit. This means that you can invest in cryptocurrency via a reputable card brand such as Visa or MasterCard. Don’t worry as each transaction will either be Verified by Visa or feature the MasterCard SecureCode for your security.
Pick the best crypto to buy: Finally, you just have to pick the best crypto to invest in. Zeply currently focuses on Bitcoin investment, but keep checking back to see when we let you invest in altcoins like Ethereum, Ripple and much more.
Judging when to invest in cryptocurrencies
Not only do you have to figure out the best cryptocurrency to buy, but you’ll also have to think carefully about when to actually invest in cryptocurrency. This is because all cryptos have a fair amount of volatility which means that their value can rise and fall rapidly.
Take a look at a couple of examples. When writing this guide, the value of Ripple (XRP) was $0.49. This was up 6.90% compared to just 24 hours previously. This means that if you’d have bought XRP yesterday, then you’d have made a profitable investment.
Similarly, in the past 24 hours of writing this guide, the value of Ethereum (ETH) boomed by 14.39% up to $1,694. Both of these are just examples, and it’s important to remember that falls in value are equally possible.
However, Zeply will always make sure that you have everything you need to anticipate the fluctuations of the market. This means keeping you updated with the real-time prices of each crypto that you choose to invest in and informed with cryptocurrency charts. We’ll even show you the price of fiat currencies like the euro so that you get a fuller picture of the financial markets. All you need to know which cryptocurrency to buy and when.
Consider trading your cryptos for a better investment
The great thing about crypto trading is the fact that you can keep buying and selling as and when you please. Zeply hosts a 24/7 crypto trading service that means that you can keep an eye on the markets and make your investment at the best possible time.
We’ll make sure that you find it easy to trade your cryptocurrencies for other cryptos. After all, the best cryptocurrency to invest in today isn’t the same as it will be tomorrow. We started off our crypto trading service to give you simple ways to buy and sell Bitcoin, but we’ll be upgrading our service soon. This means that you may be able to do things like trade Ripple for Ethereum, Bitcoin Cash or Litecoin and much more.
But it doesn’t stop there. You’ll also be able to trade your cryptos for things other than cryptocurrencies. We currently allow you to trade Bitcoin against fiat currencies like the euro. From here we’ll introduce many more currencies and commodities so that you can build a nicely diversified investment portfolio.
This is important as the volatility of cryptos means that having your investment in something more stable like a fiat currency can be a good way of ironing out those market fluctuations. All of which can simply be done at Zeply.
Knowing when to sell your crypto investments
Once you know how to invest in cryptocurrency, you’ll also need to think about when to sell off your investment. After all, you’ll only benefit from your long-term investment if you sell it off after a rise in its price.
The key here is to keep an eye on the market and anticipate any fluctuations. Remember that even the slightest chance in value can have a big impact on the return of your investment.
Once again, timing is everything when it comes to selling your cryptos. For example, when we wrote this guide, the price of Litecoin was well over $200. However, if you’d sold Litecoin for much of the previous year, then you’d have only received $50 back from each Litecoin sold.
The good news is that Zeply gives you a fast way to sell your crypto investments in correspondence to the market. Whether you’re using our website or plan to use our soon-to-be-unveiled iOS or Android app, you’ll be sure of selling your cryptocurrencies at exactly the right time.
Why you should be careful with cryptocurrency investments
While crypto investments can be very beneficial, it’s important to note that not every investment has a positive outcome. At Zeply we want you to be fully informed about your investment decisions, and this means letting you know that you should be careful about how you buy and sell cryptocurrencies.
This is because cryptos can be notoriously volatile. A quick look at the Bitcoin crash of 2018 is enough to warn you about placing too much faith in a crypto investment. Plus many altcoins ranging from Ethereum to Ripple have also experienced their own fair share of volatility.
However, for many people, this is one of the charms of cryptocurrencies. Such volatility can be very beneficial for short-term investments. Plus if you’re planning to keep your cryptocurrency investment over the long-term, then you should be able to survive any sudden drops in the value of your chosen crypto.
Final thoughts on cryptocurrency investments
By now you should be perfectly placed to know the best cryptocurrency to invest in. After all, there are plenty of excellent cryptos that can help you invest with confidence. While many people are drawn to Bitcoin, we’ve found that investing in other cryptos like Ethereum, Ripple and Litecoin can be just as lucrative.
The key thing to remember is that investing in cryptocurrencies can have both positive and negative outcomes. After all, cryptos are famously volatile and it’s these changes in market value that can cause you to get a big return from your investment or something less satisfying.
This is why any Zeply review will tell you that we are determined to help you make a success from cryptocurrency investing. With our easy-to-use and simple-to-understand service, you’ll be able to make an informed investment choice. It’s never been easier to know which crypto to invest in.
