Are you planning on invest in crypto assets? Here are a few things you need to know before investing in crypto-assets.
Do you know that you could be a billionaire today if you had invested in crypto assets just a few years back? Yes, that is true, and many people have been fortunate enough to get high returns on their crypto assets investments. But even today, crypto assets have not lost their value and we see many people investing in them.
But since it is a matter of investing our hard-earned money, many of us are hesitant to do so. So should I invest in crypto assets? Which is the best crypto assets to invest in so that I get high returns? Is crypto-assets a good investment, or is it just hyped up? Let us learn more about the same.
Also, if you are looking forward to investing in bitcoin and other crypto assets, you must check out Unocoin. It is India’s leading bitcoin trading and exchange platform that enables Indians to trade and invest in crypto-assets. They make investing easy for beginners and promise to provide the best service at all times. Recently, Unocoin has launched its new android mobile application that makes crypto trading easy and convenient.
Coming back, should I invest in crypto assets in 2022? Let’s find out.
Things To Know Before Investing In Cryptoassets
Firstly, you need to be clear about what exactly crypto assets are. Crypto Assets are digital data or virtual currency based on blockchain technology and used as a medium of exchange. There are different crypto assets, and hence you must find the best crypto assets to invest your money in. The most famous is Bitcoin followed by Ethereum, Dogecoin, LTC, etc.
Here are a few things you need to know before investing in crypto assets:
- Cryptoassets are decentralised, meaning not linked to any government or bank. Hence these institutions cannot guide you for the same, and neither can you exchange crypto assets with them.
- You can store all your crypto investments in a virtual wallet that enables you to trade and share on the platform you choose to invest with.
- There are more than 6,000 crypto coins listed in the CoinMarketCap that you can choose from to trade.
How secure is crypto-assets?
The crypto assets you purchase are safe and secured by cryptography, which means that only the sender and the receiver can access the contents. No third person is involved in the process, and hence the chances of fraud are zero.
Pros and Cons of Investing in Cryptoassets
Should I invest in crypto assets in 2022? Is crypto-assets a good investment? If you’re still stuck with these, here are some of the pros and cons that can help you sort out your doubts:
Pros:
- Financial inclusion
- No third party involvement
- Immediate settlement and accessibility to everyone
- Worldwide operations with transparency and flexibility
- Reduced transaction costs
- Fast and unlimited transactions
- Maintenance of anonymity
Cons:
- Highly volatile
- Involvement of regulatory risks
Investing correctly and choosing the right platform plays a crucial role in deciding your future returns. Also, select the best crypto assets to invest in, and start your journey today!
FAQs
- What is the best place to trade crypto assets?
Various platforms allow you to trade and invest in crypto-assets. However, you need to choose the best one for yourself. An ideal trading platform should offer a smooth and user-friendly interface, low charges, and truthful returns.
Unocoin is an online platform that provides all the features listed above, helping you find the best crypto assets to invest your money in.
2. How much money do you need to invest in crypto assets?
There is no upper or lower limit as to how much money you need to invest in crypto-assets. You can buy one coin or thousands as per your budget. However, the more you invest, the more returns you will get. The same applies to your loss. While investing, be sure that in case of loss, the loss is bareable and does not affect ones livelihood.
3. What are some crypto assets trading tricks?
Should I invest in crypto assets? You should! Based on your risk apetite. And to gain high returns and make the maximum out of the money invested, you need to follow a few tricks and strategies.
Here are a few of the most used tricks that boost your investing game:
- Create a target for trading: Make a list of your profits and losses and set a target daily. Doing this will help you invest mindfully and clearly.
- Stay Alert: You can never predict when the market may crash. Hence stay alert and take action on the slightest change you notice to avoid major losses.
- Plan your risks: Investing is all about taking risks. However, set a goal as to how much losses you can afford and manage your holdings accordingly.
Trust market cap over the prices: Choose coins that have larger market capitalisation as they can fetch higher interest. Try not to invest in crypto assets based on their prices.
Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
Love Crypto Coins. Love Unocoin.
Please find the list of authentic Unocoin accounts for all
your queries below:
- YouTube Channel: https://www.youtube.com/c/Unocoin/videos
- Newsletter: https://medium.com/subscribe/@Unocoin_growth
- Blogs: https://blog.unocoin.com
- Instagram: https://www.instagram.com/unocoin/
- Twitter: https://twitter.com/Unocoin
- Facebook: https://www.facebook.com/unocoin/
- LinkedIn: https://in.linkedin.com/company/unocoin
- Telegram Group: https://t.me/Unocoin_Group
- Telegram Channel: https://t.me/+fasQhTKBsfA5N2Zl
- Telegram: https://t.me/UnocoinSupport_Bot
- E-mail id: [email protected]
- Contact details: 7788978910 (09:30 AM IST — 06:30 PM, Mon — Sat)
- App store link: https://apps.apple.com/us/app/unocoin/id1030422972?ls=1
- Playstore link: https://play.google.com/store/apps/details?id=com.unocoin.unocoinwallet
Disclaimer:
Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).
