Bitcoin (BTC): the king of virtual currencies
Without a doubt, the crypto-monnaie is Bitcoin. Since 2009, it has continued to gain value and has, most importantly, resisted all market challenges. The Bitcoin allows value to be exchanged via the internet without going through banks or any other third parties.a decentralized network built on a very secure and reliable blockchain. Simply said, if you had invested 1 euro in bitcoin six years ago, you would have had about 38,000 euros now. Remember, it's never too late to invest. Bitcoin is the ideal example, having reached over 69 000 dollars by 2021.Investing in BTC
Ethereum (ETH): the cryptocurrency aiming to overthrow the king
Even if a lot of cryptocurrency projects come and go, Ethereum remains firmly seated beside Bitcoin as one of the most reliable coins. This cryptocurrency has just switched from the Proof of Work mechanism to the Proof of Stake mechanism, making it much less energy-hungry.
How should I pick a good platform for investing?
Choosing the right tools is crucial if you want to invest in cryptocurrencies. Prior to really starting, the first step is to select the best exchange platform. Here are the considerations to make before making your decision.Regulation of the platformYou may invest regularly in cryptocurrencies thanks to the platform's regulation, which acts as a safety gauge. Therefore, if you're in France, you should give preference to a platform that has been approved by the AMF.
Each platform has slightly or significantly different transaction fees. Even while competition is inevitable, they are becoming increasingly similar. In fact, there is currently no free platform in France that allows you to exchange your cryptocurrency.Every platform has a different way of applying the fees, whether it is through a spread or commissions. To choose the most advantageous platform, thoroughly research the various options. Despite the fact that costs initially may seem absurd, they might make a difference depending on your investment strategy.
Knowing the crypto environment is necessary for wise investment
Like we say in the crypto-monastery world, "DYOR (Do Your Own Research)" which is French for "make your own research." Before making an investment, it is important to properly adapt to the cryptocurrency ecosystem.