Guide: Everything you need to know about digital currencies before you start investing
Want to invest in Bitcoin or Ethereum, but don't know exactly how to start?
In such a complex field, one must first study and research and take the necessary precautions.
And also: a new credit card earns you cash back for Bitcoin with every purchase
in collaboration with max
07/08/2022
Sunday, 07 August 2022, 11:13
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Investing in digital currencies requires early study and research (Photo: ShutterStock)
Digital currencies, also known as crypto-currencies, can be bought and sold without monetary-government involvement or bank involvement, on a decentralized computer system.
Digital currencies can be traded in two main ways: directly, through the purchase of coins, and indirectly, through investing in financial instruments that track digital currencies, such as ETFs or futures contracts.
Investing in digital currencies requires early study and research.
It's a complex field, loaded with professional terms - a whole world that you can explore without getting up from your chair, explore, learn what suits and is right for you and start from there.
Ethereum (Photo: ShutterStock)
Contrary to what you might think, you do not have to be an investment expert to gather information and insights about the digital currencies you are interested in buying.
It is advisable that you follow news, analyses, data and graphs of your chosen currencies, even before you invest in them.
Some investors start small in crypto investments, test the waters, see how it goes and if everything is fine, move on.
Maybe it suits you too, money to invest in crypto should be free money, not money intended for example for saving for children or for retirement.
Many crypto investors jump over this hurdle with one simple decision: seeing crypto as a long-term investment.
Research, teach and if it suits you - adopt.
There are currently more than 19,000 active digital currencies in the world.
Most of them are of course not marketable enough for investment, but even so the selection is nice and you should learn as much as possible about the different types of coins and their uses.
In any case, a diversified crypto portfolio will diversify investments and may also make it easier to deal with volatility.
Although, in most cases the leading digital currencies rise and fall together, in a high correlation, but this is not always the case and not in all currencies.
Of course, it is impossible without a word of warning: in the crypto world there are also less friendly and less stable elements.
It is possible, however, to defend against their harm by investing in large and well-known digital currencies, with good reputation and reliability;
And also in building an array of "red lights", events or phenomena that require your immediate attention.
Research, teach and if it suits you - adopt (Photo: ShutterStock)
Meet the new credit card - maxBack CRYPTO which earns you bitcoins with every purchase
. A convenient way to enter the front door to invest in cryptocurrency is through maxBack CRYPTO - the new credit card of the max company. The
card earns cash back for bitcoins with every purchase, to an account that is automatically opened at the Israeli company Bits of Gold, which operates Close to a decade and in accordance with all the rules of Israeli regulation.
Opening the card is done without commission and without account maintenance fees.
Every 160 NIS spent on the card is equal to 1 NIS which is automatically converted to Bitcoin (the accumulation ratio of institutional expenses is every 320 NIS equals 1 NIS to Bitcoin), at the time the card is charged.
In addition, you will enjoy the benefit of a 6% discount on the purchase fee when buying Bitcoin through Bits of Gold.
For more details and joining>>
It is important to know:
Bits of Gold company enables the buying, selling and saving of virtual currencies (the "Services").
The aforementioned in the article should not be considered as giving advice or a recommendation regarding the viability of investing, holding, buying or selling virtual currencies.
At the end of the benefit period, a monthly card fee of NIS 19.90 or another amount will be charged, as will change from time to time in accordance with max|
The pampering program: the card is attached to max's pampering and benefits program, subject to the pampering regulations and the benefits website | transactions on the maxBack CRYPTO card will not earn points for airline clubs |
Failure to meet the repayment of the loan / credit may result in arrears interest being charged and enforcement procedures.
Subject to the underwriting conditions and the approval of the lender: Max It Finance Ltd. The services of converting to virtual currencies, performing currency transactions and canceling them, viewing the currency balance, taxation consequences, aspects of information security and the cost of the aforementioned services - are the sole responsibility of Bits of Gold, which operates by virtue of a temporary business permit In accordance with the Law on the Supervision of Regulated Financial Services (license number: 82424) and in accordance with the terms of use published by it. The conversion rate NIS/Bitcoin is determined and published by Bits of Gold
as will change from time to time in accordance with max|'s commission rate
The pampering program: the card is attached to max's pampering and benefits program, subject to the pampering regulations and the benefits website | transactions on the maxBack CRYPTO card will not earn points for airline clubs |
Failure to meet the repayment of the loan / credit may result in arrears interest being charged and enforcement procedures.
Subject to the underwriting conditions and the approval of the lender: Max It Finance Ltd. The services of converting to virtual currencies, performing currency transactions and canceling them, viewing the currency balance, taxation consequences, aspects of information security and the cost of the aforementioned services - are the sole responsibility of Bits of Gold, which operates by virtue of a temporary business permit In accordance with the Law on the Supervision of Regulated Financial Services (license number: 82424) and in accordance with the terms of use published by it. The conversion rate NIS/Bitcoin is determined and published by Bits of Gold
as will change from time to time in accordance with max|'s commission rate
The pampering program: the card is attached to max's pampering and benefits program, subject to the pampering regulations and the benefits website | transactions on the maxBack CRYPTO card will not earn points for airline clubs |
Failure to meet the repayment of the loan / credit may result in arrears interest being charged and enforcement procedures.
Subject to the underwriting conditions and the approval of the lender: Max It Finance Ltd. The services of converting to virtual currencies, performing currency transactions and canceling them, viewing the currency balance, taxation consequences, aspects of information security and the cost of the aforementioned services - are the sole responsibility of Bits of Gold, which operates by virtue of a temporary business permit In accordance with the Law on the Supervision of Regulated Financial Services (license number: 82424) and in accordance with the terms of use published by it. The conversion rate NIS/Bitcoin is determined and published by Bits of Gold
Subject to the regulations of the treats and the benefits website | transactions with the maxBack CRYPTO card will not earn points for airline clubs |
Failure to meet the repayment of the loan / credit may result in arrears interest being charged and enforcement procedures.
Subject to the underwriting conditions and the approval of the lender: Max It Finance Ltd. The services of converting to virtual currencies, performing currency transactions and canceling them, viewing the currency balance, taxation consequences, aspects of information security and the cost of the aforementioned services - are the sole responsibility of Bits of Gold, which operates by virtue of a temporary business permit In accordance with the Law on the Supervision of Regulated Financial Services (license number: 82424) and in accordance with the terms of use published by it. The conversion rate NIS/Bitcoin is determined and published by Bits of Gold
Subject to the regulations of the treats and the benefits website | transactions with the maxBack CRYPTO card will not earn points for airline clubs |
Failure to meet the repayment of the loan / credit may result in arrears interest being charged and enforcement procedures.
Subject to the underwriting conditions and the approval of the lender: Max It Finance Ltd. The services of converting to virtual currencies, performing currency transactions and canceling them, viewing the currency balance, taxation consequences, aspects of information security and the cost of the aforementioned services - are the sole responsibility of Bits of Gold, which operates by virtue of a temporary business permit In accordance with the Law on the Supervision of Regulated Financial Services (license number: 82424) and in accordance with the terms of use published by it. The conversion rate NIS/Bitcoin is determined and published by Bits of Gold
from
The services of converting to virtual currencies, performing currency transactions and canceling them, viewing the currency balance, taxation consequences, aspects of information security and the cost of the aforementioned services - are the sole responsibility of Bits of Gold, which operates by virtue of a temporary business permit in accordance with the Law on the Supervision of Regulated Financial Services (license number: 82424 ) and in accordance with the terms of use published by her.
The NIS/Bitcoin conversion rate is set and published by Bits of Gold
from
The services of converting to virtual currencies, performing currency transactions and canceling them, viewing the currency balance, taxation consequences, aspects of information security and the cost of the aforementioned services - are the sole responsibility of Bits of Gold, which operates by virtue of a temporary business permit in accordance with the Law on the Supervision of Regulated Financial Services (license number: 82424 ) and in accordance with the terms of use published by her.
The NIS/Bitcoin conversion rate is set and published by Bits of Gold
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