Silvana Saldisuri
04/21/2021 6:00 AM
Clarín.com
Services
Updated 04/21/2021 6:00 AM
Cryptocurrencies, also called virtual currencies, are growing, and not only in their prices.
Interest in these assets is growing, especially among the youngest.
The
criptomonedas
best known are
Bitcoin and ethereum
but all the time they are creating new ones.
They do not materialize on paper or credit cards, but the money is found in
virtual wallets
protected by a chain of blocks, or database, which is called
Blockchain
.
In these portfolios, also called
wallet
, all operations performed by anyone who has a cryptocurrency are recorded.
cryptocurrencies are very risky due to their high volatility.
Photo: Reuters
Digital currencies like Bitcoin are known as "decentralized digital currencies", which means that there is no central authority that controls the money supply.
Something a bit dangerous, since
Cryptocurrencies are very risky due to their
high volatility
, and if today they are worth fortunes, tomorrow that same price may fall by 50%, for example.
But still there will be those who are willing to bet on cryptocurrencies, and after learning and analyzing which is the best alternative to
channel their savings, they will
have to take the next step, which will be to
open an account to start operating
.
These are some of the most common doubts that arise on the subject.
What do I need to
do before opening an account to trade with criptomonedas?
First of all, you have to choose
which trading platform you
are going to operate with.
These are sites that function as a kind of "exchange houses"
cryptocurrencies: they allow you to open a kind of
virtual account or wallet
through which you can buy, sell or save bitcoins.
In Argentina there are several companies that offer this service.
Among the best known platforms are
Ripio, Satoshi Tango, CryptoMarket, SeSocio, Bitso, Bitex, ArgenBTC and Buenbit
.
How to open a trading account with "crypts"?
As a first step, the sites will ask to register by entering the main personal data.
They can then demand to verify the reported identity by sending a photo of the DNI and then taking a selfie.
"That account generates a unique stablecoin address that is a personal identification of the account, as if it were a bank CBU", explains the specialist in Blockchain and Cryptocurrencies at SeSocio,
Lucas Marincovich
. After this, the wallet or wallet is created.
What are the differences between criptomonedas account and a bank?
In front of a safe where they remain static, the dollars in cryptocurrencies allow them to be easily reinvested in other assets and
obtain profitability in dollars
.
The
criptodólares
are criptomonedas stable, it is a digital asset that maintains a stable price linked to the US dollar.
There are different types and their main difference is between crypto dollars that are issued by companies that keep dollars in a bank account and issue a digital representation (token) for every dollar they hold.
For example
USDC from Coinbase
.
Cryptocurrencies do not materialize on paper or credit cards. Photo: EFE
On the other hand, there are crypto dollars that are issued by systems that use other assets as collateral to issue an X amount of dollars, such as DAI, which is issued by the Maker DAO Foundation.
Who can perform such operations and how earning capacity?
"The target audience is the user who
is informed
before making any type of investment, from a fixed term to other alternatives such as cryptocurrencies," explains Marincovich.
"Within the local industry, there is a lot of work on financial education and the reality is that there is a lot of information available to learn from this world," he added.
It is very accessible for anyone,
without the need to be an expert investor and without minimum amounts
.
In both pesos and dollars, you can own a Stablecoin in 5 minutes.
How much does maintain an account "I crypto"?
The digital "exchange houses" set, for the different operations or movements, commissions and charges that should be taken into account before starting to invest.
The values and percentages vary a lot depending on the case.
For example, when entering pesos in the wallet they can discount between 0.5% and 6% of the amount, depending on the method chosen (cash deposits usually have the highest commissions).
For each purchase or sale of cryptocurrencies, the commission is usually 1%.
And withdrawing the silver from the crypto wallet does not usually have an associated cost, unless the chosen method is to take it in cash from a local.
There are more than 7,000 types of cryptocurrencies on the market.
Photo: Clarín Archive.
How much money is recommended to
start trading?
For those people who want to start in the crypto world and have no experience, it is recommended that they start operating with modest transactions that do not involve the disbursement of large amounts of money or compromise the daily family budget.
Then, with the passage of time and more experience, they can become bolder and thus increase their investments.
There are no minimum amounts to trade.
You can start with $ 1.
What are the criptomonedas?
Cryptocurrencies are still currencies, but digital.
This means that they have the same use as any other physical currency.
Thus, we can make payments between people.
In fact, companies such as Microsoft, Destinia, WordPress, among many others, already allow buying with bitcoins, or other cryptocurrencies, on their web pages.
LN
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