Use and origin of cryptocurrencies

  • Jul 26, 2021
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As of today we are very familiar with names like Libra, Bitcoin, Ripple or Litecoin. In most cases, we all know that it is cryptocurrency; However, not everyone knows their uses, the origin and the benefit that we can get from them. In FinanCenter, experts in the use of cryptocurrencies, located in Paseo de la reforma 250, tower b 17th floor CDMX, They have explained us in detail about the subject and today I want to share it.

In the first place, it is important to mention that, although the use of applications makes it very easy to handle the cryptocurrencies, the fact that these are used in a speculative market, approaching the experts is always more advisable than doing it yourself. But in no way do we want to scare you or discourage your interest to continue reading, since, in reality, the management of cryptocurrencies and their benefits are very good, easy to understand and, above all, they generate good profits for you.

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Starting with understanding what a cryptocurrency is, we must remember that they originate outside of traditional banking and monetary institutions. They can be exchanged from person to person and there is no authority or institution that regulates them; therefore, there is no need to pay commissions, which is the case with current currencies.

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In any case, in their name they carry the guarantee of being paid. That is to say, 'crypto', a term that means that they are secure and private.

Cryptocurrencies are created from super computers and the limit they have to generate them is 21 million bitcoins. It is not known for sure who created the bitcoin (pioneer currency); however, we know that as of 2009, its use began to be frequent.

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Fortunately, since 2014 cryptocurrencies began to be a currency that traditional markets began to trust causing very serious investors and people to make these their preferred form of exchange for what we explained up.

We have to clarify that anyone can buy cryptocurrencies either completely or partially. The proportion of what is invested will be the benefits that are obtained.

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To acquire them you only need to have an exchange site and a wallet. The exchange site is to convert your cryptocurrencies into current currency (local currency) and the wallet is an application to store your cryptocurrencies either in the short or long term.

However, as we mentioned at the beginning of this article, you should know that all types of investment have risks. Regardless of whether you do it with the currency that we all know or with the currencies of the digital age, cryptocurrencies. That is why we insist on approaching professionals so that they can advise you and advise you on what is best for you; However, we are sure that after reading all the above, you will have a simpler and clearer idea of ​​what cryptocurrencies are and that you can confidently include them in your investment portfolio, since from the experiences of others, they have turned out to be very convenient.

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