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7 Things to Know Before Investing in Cryptocurrencies

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7 Things to Know Before Investing in Cryptocurrencies

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Recent events from around the world, ranging from bank accounts being frozen in to economic sanctions due to the ongoing conflict in , have thrust the market into the spotlight as global economic conditions worsen. 

From the simple desire to maintain wealth amidst collapsing fiat currencies to finding a reliable way to transfer value across town or across borders, an increasing percentage of the planet’s population now find themselves scrambling to learn more about and gain access to crypto that offers protection from the many raging storms. 

Here are seven things you should know before investing in the cryptocurrency market: 

1. Understand the mechanism of buying, selling and exchanging cryptocurrencies before investing 

Locate platforms that allow to both deposit and withdraw local currency as a way to move funds in and out of the cryptocurrency ecosystem. Understand how to conduct basic buying and selling trades so that the process will be simple when the is right. 

Mainstream adoption of cryptocurrencies for everyday purchases is still a work in progress, so the ability to cash out into local currencies will be key to utilising any profits made. 

2. A diversified portfolio is key to long-term success

The urge for tribalism and going all-in on one token is strong in the cryptocurrency market, thanks to multiple factors including die-hard believers and…

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