Many investors and speculators have turned their attention towards cryptocurrency mainly because of Bitcoin. Do you know why? The latest value of 1 BTC is close to 17,000 USD when compared with the value of 1000 USD in January 2017. Now, you can understand why people are crazy towards bitcoin and other cryptocurrencies as the growth is more than 1000% within a year. As the cryptocurrency transactions are done using the transparent public ledger based on the blockchain technology, it does not need your identity or any kind of documentation. That’s also one of the main reason behind the popularity of cryptocurrencies like Bitcoin.
What is the use of cryptocurrency? Obviously, you cannot compare any cryptocurrency with fiat currency because it is unregulated and accepted as payments only in certain countries. But, you can do trading or exchange of cryptocurrencies. There are many online exchanges available which can be used to buy/sell cryptocurrencies using your credit/debit card or by exchanging other cryptocurrencies. Coinbase is one of the trusted and largest bitcoin exchange since its creation in 2011. Recently, it announced that it will be trading Bitcoin Cash (BCC) on its platform. Great !
Currently, any cryptocurrency is mainly used for the following reasons given below.
Trading - Like stock market, cryptocurrency based asset can be traded even though it is not regulated by any financial board or similar organization. Futures are the best option for trading cryptocurrencies like bitcoins.
Exchange - You can buy 1 BTC or a fraction of BTC, store it in your Bitcoin wallet. When the price shoots up, you can sell the bitcoins. In this way, you can make a good passive income without doing much work.
ICO (Initial Coin Offering) – ICO is basically crowdfunding based on cryptocurrency which is used for the development of startup companies. The company will organize an initial token sale to sell their new cryptocurrency or utility tokens based on the existing cryptocurrencies like Ether or BTC. Usually, these tokens are the only way to access the services of the company. Investors can buy these tokens by exchanging any fiat currency or using their cryptocurrency wallets.
Instead of using three different platforms for all the above transactions, why don't you get everything in one place? That's exactly the objective of CoinMetro which is developed by the reputed online Forex broker named FXPIG. FXPIG is known for its transparency approach in the Forex Trading since its creation in 2011. CoimMetro is an innovative fintech platform that provides all the services related to cryptocurrencies mentioned below:
- Buy / Sell
- Cashout / Withdrawal
- Trading/Investment
For getting more information about the features and technology behind CoinMetro, please visit https://coinmetro.com/wp-content/uploads/coinmetro-wp-newspaper.pdf. To access the services of the CoinMetro platform, you need to hold a special type of token called COIN which will be sold by the company during their token sale. To get the latest information about the price, availability and sale terms of COIN, please visit https://coinmetro.com/.