How to Invest in Cryptocurrencies?

What Cryptocurrency Should I Buy?

According to CoinMarketCap, there are over 12,000 cryptocurrencies, so picking the best one to invest in is not an easy task.

A cryptocurrency that gains value one month could plummet the next, and vice versa. Overnight, a coin that everyone was hyping can become irrelevant and disappear into the background of our memories.

The market tells, that the top 10 cryptocurrencies are a very good place to start for anyone new to crypto:

1. Bitcoin ($BTC)

2. Ethereum ($ETH)

3. Tron ($TRX)

4. FLOW ($FLOW)

5. Cardano ($ADA)

6. Dogecoin ($DOGE)

7. Polkadot ($DOT)

8. Litecoin ($LTC)

9. Chainlink ($LINK)

10. Stellar-Lumens ($XLM)

These are the top 10 cryptocurrencies based on their market capitalization, or the total value of all of the coins currently in circulation.

What Should I Learn Before Investing in Cryptocurrencies?

We highly recommend you to learn a bit more about the cryptocurrencies before your first investment. Cryptocurrency are decentralized, digital, encrypted methods of exchange. Unlike the U.S. Dollar, Euro and other fiat currencies, the value of a cryptocurrency isn't managed by a central authority.

Cryptocurrencies can be used to buy regular goods and services, however, most people just invest in them like stocks or precious metals. Cryptocurrencies are a really cool asset class, but buying them can be risky.

You have to understand how each system works before you invest, you can find more information at here

Where to Buy Cryptocurrencies?

There are different ways to trade cryptocurrencies. The oldest way is peer-to-peer, you make an offer and the counterpart takes it with direct wallet-to-wallet transfer, which is highly risky if you don’t know each other. It might seem primitive but actually there are lots of whales trading via this old school way.

In order to reduce the trading risk, there are two major trading methods.

Centralized Exchanges (CEX)

The CEX acts like an traditional stock exchange with friendly user interfaces.

These platforms offer inbuilt wallets which are ideal for storing Bitcoin and any other cryptocurrencies for a short time, so you can do trading in the exchanges.

For those looking to get involved in crypto, centralized exchanges are safer, easier, and more comfortable. Many people started centralized crypto exchanges rather than decentralized ones because of these benefits of centralization.

Decentralized Exchanges (DEX)

Decentralized exchanges or DEXs let you trade cryptos without an intermediary. Tare based on smart contracts (automatically executed protocols) but do not control the coins.

DEXs do it in three ways: an on-chain order book, an off-chain order book, or an automated market maker approach. How DEX works is a huge topic. We will make a specific article for this, stay tuned.

How to Buy Cryptocurrencies?

Let’s start your crypto investment on FAMMEX, if you are using iOS/Android APP, click here to learn more about the tutorial How to Register on FAMEEX (App), if you are using web browser please check out here How to Register on FAMEEX (Web).

How to Buy Cryptocurrencies on FAMEEX?

There are multiple ways to buy cryptocurrencies on FAMMEX, you can check our for more information at FAMEEX Supoort Center

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