Gone are the days of traditional currency and age-old investment opportunities in India. Cryptocurrency has been the new talk of the town for a while now. It is a form of currency that is both highly valuable and controversial in equal measure. If you want to find new avenues of investment, cryptocurrency might be just the thing for you.
Essentially, cryptocurrency is a type of digital asset or currency. Its main difference from the traditional currency is its decentralized maintenance. Traditional currency is often known as FIAT currency. A central authority usually makes the regulation and supervision. Instead, cryptocurrency is decentralized and extremely secure.
What makes cryptocurrency an incomparable asset is its level of security. It is managed and recorded via blockchain technology. This ensures that multiple parties maintain identical records and specifications of each transaction. This adds a layer of security and legitimacy of the currency format.
The count of cryptocurrency is generally finite in most cases. It relies on crypto mining for multiplication. This process generates new cryptocurrencies via verification. One must solve elaborate and complex software algorithms and hash puzzles to verify. Only then new iterations of the currency are added to the ledger. Hence, cryptocurrency exchange or investment is the key to its growth.
The peer-to-peer cryptocurrency exchange is slowly gaining ground thanks to modern-day AI-based technology. Excellent trading platforms have also helped in popularizing it. P2P cryptocurrency exchange allows two parties to exchange digital assets. You can do this without any centralized regulatory body. This is convenient and secure making it revolutionary for the investment sector. Looking to invest in cryptocurrency? Here are things you need to know to take a safe and calculated step into the arena.
As with any new product, it is advisable to be cautious while investing in the crypto market. Blockchain technology, which is the backbone of the industry, is complicated. Further, there are regulatory inhibitions regarding cryptocurrency. Hence, it is important to be fully informed before investing. Before making even a small investment in the Indian cryptocurrency market, you must be aware of the crypto market volatility. For instance, the recent fall in Bitcoin and Ethereum, among other cryptocurrencies, wiped out nearly 50% of investors’ wealth, causing considerable losses in a concise time.
Additionally, cryptocurrency is not a verified mode of transaction in a lot of companies. Hence, you must be aware of the limitations of this investment and make an informed decision.
P2P lending, an alternative form of new-age investment option allows you to park your money in a much safer environment. If you’re new to the term, check out our P2P lending offerings here:
LenDenClub is one of the leading P2P lending platforms in the country. It offers intelligent online lending solutions. It has more than 2 million registered investors. LenDenClub’s FMPP or Fixed-Maturity Peer-to-Peer lending offers sound returns in a relatively well-regulated environment. They offer reliable and user-friendly investments. You get flexible investment periods ranging from one to five years. You can quickly diversify your portfolio and grow your wealth with the P2P investment option at LenDenClub.
While cryptocurrencies can be a trending form of investment, the reality is that many small investors have burned their hands trying to make a quick buck! Gambling is one thing, but when it comes to investments, patience is the key. In the long run, this will help you emerge as a winner while allowing you to keep your peace of mind in the present.
LenDenClub’s FMPPs is one such product that has zero volatility and offers better returns averaging 10-12% per annum. So why wait, the earlier you start, the better! Invest Now!