How to Trade Cryptocurrencies - The Basics of Investing in Digital Currencies
Whether it's the idea of cryptocurrencies itself or diversification of their portfolio, people from all walks of life are investing in digital currencies. If you're new to the concept and wondering what's going on, here are some basic concepts and considerations for investment in cryptocurrencies.
What cryptocurrencies are available and how do I buy them?
With a market cap of about $278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market cap of over $74 billion. Besides these two currencies, there are a number of other options as well, including Ripple ($28B), Litecoin ($17B), and MIOTA ($13B).
Being first to market, there are a lot of exchanges for Bitcoin trade all over the world. BitStamp and Coinbase are two well-known US-based exchanges. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies along with Bitcoin, then a crypto marketplace is where you will find all the digital currencies in one place. Here is a list of exchanges according to their 24-hour trade volume.