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Here are 5 things you need to consider when choosing a platform to invest in cryptocurrencies

Business Insider Logo By snagarajan@businessinsider.com (Shalini Nagarajan) of Business Insider | Slide 1 of 6: After Tesla's $1.5 billion bitcoin purchase, more corporations seem poised to embrace cryptocurrencies.Rather than submitting to Reddit-style "FOMO" buying, investors are looking to educate themselves more.Insider compiled a list of 5 things a new crypto investor should watch for when considering an exchange.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Demand for digital assets is skyrocketing, as big-ticket names such as Tesla, Mastercard, and Bank of New York Mellon have shown their openness to transact in cryptocurrencies.As the crypto market grows, corporates like Uber are considering how, and when, to begin accepting bitcoin as a form of payment. While global interest rates remain at historic lows, digital currencies have entered the mainstream and are increasingly seeing levels of mass adoption due to soaring interest from both retail and institutional investors.In fact, the average amateur crypto investor can take comfort in knowing many banks are beginning to look at the burgeoning asset class more and more seriously. And experts believe the speed of growth in cryptocurrencies will accelerate much faster than that seen in the past few years.Furthermore, with the world becoming more digitized, governments and central banks are exploring the launch of their own digital fiat currencies.So how should someone that is new to the whole cryptocurrency market choose a platform on which to trade their exchange digital assets?Insider compiled a list of five fundamental factors everyone should consider, according to Nigel Green, a cryptocurrency expert and CEO of financial services company deVere Group."Investing in cryptocurrencies remains highly speculative and it is not for everyone - but one of the keys to success would be selecting the right crypto exchange," Green said.Read the original article on Business Insider

Here are 5 things you need to consider when choosing a platform to invest in cryptocurrencies

  • After Tesla's $1.5 billion bitcoin purchase, more corporations seem poised to embrace cryptocurrencies.
  • Rather than submitting to Reddit-style "FOMO" buying, investors are looking to educate themselves more.
  • Insider compiled a list of 5 things a new crypto investor should watch for when considering an exchange.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Demand for digital assets is skyrocketing, as big-ticket names such as Tesla, Mastercard, and Bank of New York Mellon have shown their openness to transact in cryptocurrencies.

As the crypto market grows, corporates like Uber are considering how, and when, to begin accepting bitcoin as a form of payment. 

While global interest rates remain at historic lows, digital currencies have entered the mainstream and are increasingly seeing levels of mass adoption due to soaring interest from both retail and institutional investors.

In fact, the average amateur crypto investor can take comfort in knowing many banks are beginning to look at the burgeoning asset class more and more seriously. And experts believe the speed of growth in cryptocurrencies will accelerate much faster than that seen in the past few years.

Furthermore, with the world becoming more digitized, governments and central banks are exploring the launch of their own digital fiat currencies.

So how should someone that is new to the whole cryptocurrency market choose a platform on which to trade their exchange digital assets?

Insider compiled a list of five fundamental factors everyone should consider, according to Nigel Green, a cryptocurrency expert and CEO of financial services company deVere Group.

"Investing in cryptocurrencies remains highly speculative and it is not for everyone - but one of the keys to success would be selecting the right crypto exchange," Green said.

Read the original article on Business Insider
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