What is coin? Coin investment can get rich fast? Where to invest?

What is coin? Coin investment can get rich fast? If you want to invest, where should a novice start? All these questions will be answered by cryptocurrencyin4.com for you in this article. Please read all the information below!

What is coin

1 – What is coin?

Coin is the common name of all cryptocurrencies (crypto) such as bitcoin, ethereum, ripple, tether, …

These cryptocurrencies are developed using a computer algorithm and operate on the blockchain technology platform.

The original purpose of the coin’s introduction was to solve the problem of paper money inflation and its decentralization. That is, without being controlled by any powerful individual or organization, it will not be able to influence it to inflation like paper money.

See also:
>> What is crypto? Complete knowledge for newcomers to investing
>> What are Bitcoins? How many types of Bitcoin? How to distinguish and invest smart

2 – Coin investment can get rich fast?

You must have heard or read an article about an individual or organization that invested money buying bitcoins at low prices, then selling them at high prices and they got rich quickly.

Indeed, a lot of people have become millionaires when they seized the opportunity to invest in coins, their assets were then x2 x3 even x10 times their original amount.

However, in the investment sector, there are risks in any market. Even in the coin investment market, there are many people involved in investing that lose money and lose all their assets.

The reason they lose is because they lack knowledge, lack of knowledge, and more specifically, they do not have a mindset about investing in this crypto market.

If you are a newbie, you are looking to try it out, you should consider it before joining. The decision is up to you, take responsibility for your own decisions.

This market has a very good advantage, that is, with only $ 100-200 $, you can already invest in it.

3 – Where to invest coin?

Binance crypto exchange is a good choice for you. Almost every investor in the world uses this exchange.

The most popular coins in the market are almost entirely available on the Binance exchange. You can buy and sell coins directly with other people easily.

To be able to start participating in crypto investment, please see the article below:

See also: >> How to create a Binance account and how to trade Bitcoin

4 – List of popular coins 2021

4.1 – Bitcoin (BTC)

Bitcoin is the most popular and famous cryptocurrency today with high liquidity and is bought and sold by many traders. More specifically, bitcoin is approved for transactions by major companies such as Microsoft, Namecheap, Hawkhost, Bloomberg, …

This is the first cryptocurrency since 2009 by an anonymous programmer named Satoshi Nakamoto.

bitcoin vs gold

Advantages:

High liquidity.

It is increasingly adopted by large companies as a method of payment for products / services.

Cannot be counterfeited due to activities on blockchain technology.

Available on most cryptocurrency exchanges.

4.2 – Ethereum (ETH)

Ethereum is the name mentioned quite a lot after bitcoin, was released on July 30, 2015 with the aim of overcoming the disadvantages of bitcoin.

Advantages:

Low transaction fees.

Fast transaction processing speed.

High liquidity.

Available on major exchanges.

4.3 – Binance Coin (BNB)

Binance coin (BNB) is essentially a coin developed by Binance exchange, BNB developed on the basis of the ethereum blockchain platform according to the ERC-20 standard.

The purpose of BNB coin is to help reduce fees when transacting on Binance and also as a payment method for other commercial activities. BNB is also currently linked to use as a payment method by Travelbybit partners, …

Advantages:

Help reduce transaction fees.

Is a reputable coin issued by major exchanges in the world.

Fast transaction processing speed.

4.4 – XRP

XRP launched in 2012 with the aim of helping users combine the use of financial services such as: Paypal, credit cards, banking system with high security and low cost with fast transaction processing speed.

Advantages:

Organized by American express, santander approved.

Fast transaction processing speed.

Low transaction costs.

4.5 – USDT (Tether)

USDT issued in 2014 with the purpose of being a means of buying and selling among other coins. In essence, this is a Stablecoin that is valued in US dollars.

The nature of USDT makes investors’ assets less volatile than other coins.

Advantages:

Less volatility in value.

As a coin for investors to stably store their assets.

Fast transaction processing speed.

Low transaction fees.

4.6 – LTC (Litecoin)

Litecoin launched in 2013, developed by former engineer Charlie lee who used to work at google. Litecoin was born on the basis of bitcoin and improved downs four times faster than bitcoin.

Advantages:

Fast transaction processing speed.

Good security.

4.7 – Other popular coins

In addition to the above coins, there are still many other popular coins, you can see the rankings of other coins at Coinmarketcap.com.

This is a reputable website that provides information about all coins currently on the market.

5 – Conclusion

Thus, the information in this article has helped you understand the question “what is coin“, right? If you find the article useful, please share it with your other friends for reference!

Thank you for reading this article!

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