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1
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2
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with flexible terms at CashBerry
  • Term:
    Term: min 92 days, max 183 days
  • Loan limit:
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  • Interest rate:
    Interest rate: 10,95 - 14,6 %/per annum
Get loan
  • Term:
    Term: min 92 days, max 183 days
  • Loan limit:
    Loan limit: 100 000 - 5 000 000 VND
  • Interest rate:
    Interest rate: 10,95 - 14,6 %/per annum

A guide on how to invest virtual money for those who want to quickly grasp the market, make huge profits and become a "billionaire" just by knowing how to play coins.

The rapid development of technology has helped the virtual currency market to make significant strides. In just a few years, virtual currency quickly became a new trend for many investors. But not everyone knows how to invest virtual money most effectively. So, let CashBerry help you find the answer in this article!

You must have heard of the name Bitcoin or Ethereum, one of the most popular virtual currencies today. Although the cryptocurrency fever has swept the world for a long time, it only really caused a fever in Vietnam 4-5 years ago.

Now, the virtual currency market is being highly appreciated by domestic and foreign investors, because they possess many outstanding potentials. In the future, it will come as no surprise that virtual currency becomes the main currency of exchange.

Therefore, many investors have started to "pour capital" into this market and succeed. If you are new and do not know how to invest virtual money effectively , follow the following article and find your own answer!

What is virtual currency investment?

In order to understand what virtual currency investing is, it is first necessary to know the definition of virtual currency. Cryptocurrency is a form of digital asset. They have the same value as regular currencies, but have been encrypted for exchange on online platforms.

Virtual currencies are not controlled or issued by the Government. They are developed by a team and are accepted by a particular community as a means of payment and are transferable, stored, or electronically transacted.

The most special feature of virtual currency is that it is only available in encrypted form, and has absolutely no specific physical shape. On designated software or smart deposit devices, all transactions in virtual currency will be performed. And it must be through the Internet or through specialized networks to ensure the safety of Traders.

Investing in virtual currency means you have to spend money to buy potential coins like Bitcoin, Ethereum, Ripple, Cardano, etc. Then you wait for the right time and sell those coins for profit. Depending on the purpose, you can choose short-term or long-term investment.

Invest in virtual money, a hot investment channel every day

Invest in virtual money, a hot investment channel every day

How and where to invest virtual money ?

According to statistics of Coinmarketcap.com, there are 1,214 different virtual currencies in the world. These currencies are traded on 6,131 exchanges, mostly informally.

Older coins like Bitcoin, Ethereum or Litecoin usually account for the highest percentage of transactions. Because it has been on the official floor, it is quite preferred by investors to trade to make daily, even hourly differences. As for the newly created coins that are cheap, high profit margins will capture more attention.

According to experienced investors, the first step to investing virtual money wisely is to choose the right reputable and quality virtual currency exchange. Once you have an investment intention, you can choose one of the following exchanges to launch:

- Coinbase, the #1 choice in providing support for coins like Bitcoin, Bitcoin Cash, Ether and Litecoin. The highlight of Coinbase is that it is globally spread and transactions are easy.

- Binance, a virtual currency exchange mainly in Asian countries, especially Vietnam. This is a platform that provides updates and support services entirely in Vietnamese.

- Remitano is a popular virtual currency exchange in the US, Malaysia, Vietnam, Cambodia, China. With a simple, easy-to-understand interface, anyone can buy and sell Bitcoin easily and safely.

Bittrex is headquartered in Seattle and is the 13th largest cryptocurrency exchange in the world. The exchange is famous for its extremely high reputation and safety, not only in transactions but also quite strong in removing weak virtual currencies, violating their policies.

Choose an exchange, start an effective virtual currency investment

Choose an exchange, start an effective virtual currency investment

The most popular ways to invest virtual money today

If you have studied in the articles on how to invest in virtual money , you can easily see that there are countless different ways to invest in virtual money . Depending on the experience of "playing coins", each investor will have his or her own way. However, the most popular today are still the following 6 ways:

Margin trading

This is considered the top priority way to make money. Margin trading is the most favorable trade for new investors because of its flexible leverage mechanism (ratio up to 1:10). You can completely trade with a capital many times lower than the contract value.

This way, you only need to aim when the coin is low to buy and sell when the coin is up to make a profit. However, to ensure a high spread rate, you must regularly update the information, trends or what will affect the coin price. From there, make the most reasonable buying and selling decisions.

Mining virtual currency

Cryptocurrency mining, an activity performed by digital gold miners. Senior programmers will handle blockchain-related computer algorithms. If successfully solving those algorithms, a fee goes to the miners and receives a virtual currency reward.

But this is not an "easy to eat" way of playing. Because to mine coins, you must have a professional digger and accept it takes a lot of time. Although software that supports mining virtual money on phones is gradually appearing, it is not easy to "mine" successfully.

If you want to mine, you must join groups. But unfortunately, the virtual money that is mined must be divided equally among the team, so the profit will usually not be as high as when alone.

Hold virtual currency

You choose to buy a cryptocurrency, then store and secure it in an electronic wallet until it increases in price, then you sell it. Although it is the same coin buying as margin trading, you don't always aim to increase the selling price right away, but keep it for a long time.

So, with this form, you have less to look around, less anxiously waiting to sell and can "hang" for a few months, or even a whole year. But this way is only suitable for investors who have experience and have a lot of capital.

Choose how to "play coin" that suits you to get profit

Choose how to "play coin" that suits you to get profit

Join the virtual currency Faucet

Bitcoin Faucet, also known as virtual money faucet, is a system of distributing BTC rewards in the form of satoshi at websites. Usually, in order to receive a reward in cryptocurrency, you need to complete the tasks requested by the website. The exchange rate will be 1 Satoshi = 0.00000001 BTC.

Arbitrage trading virtual currency

This is a form of trading based on the difference in the price of coins of different markets. You will profit from the price difference when buying and selling.

To participate in this type of trading, you need to equip yourself with a certain amount of knowledge about how the market works. Because in essence, when you buy BTC, the coin will not be available in your account (due to the very time consuming verification process).

To take advantage of market arbitrage, you need to constantly monitor prices across multiple exchanges. However, you also bear a lot of risk from anonymous buying and selling scams.

Gambling on virtual currency casino

As a familiar game that anyone can play, this virtual currency investment wing is quite popular in the world. With famous electronic casino floors such as Bitstarz, Wild, mbit, Mintdice, Cash Game...

In Vietnam, you need to be very careful when participating because Vietnamese law does not allow all forms of gambling to operate, even online. In addition, gambling on virtual currency casinos also has many risks of loss, because this is basically a red and black game and there are many tricks that you never know all about.

Virtual money is a potential investment , but you don't have to spend money to make a profit. You must understand that investing in virtual currencies is always risky, especially in financial terms. And this will happen when you don't keep a cool head, a sense of judgment, make the right decisions.

Do you know how to invest virtual money ? If you are looking to start a business with virtual money but do not have enough capital, you can refer to the online loan service of CashBerry financial company . You just need to leave your ID/CCCD information at website cashberry.vn, wait for loan approval within a few minutes, you will have a virtual money investment capital of up to 10,000,000 VND.

Besides simple procedures - 100% online support, CashBerry also has a 24/7 customer care and consulting team. Please visit CashBerry fanpage for more information about attractive loan packages!

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