Taking a step back to the previous years in terms of crypto-currencies, we can see there is a recent significant increasing factor that is responsible for the popularity of the notion of crypto-currency itself.
As you know, there is a type of crypto-currency that has captured the attention not just of investors, but also of the general public. We are talking about Bitcoin, and to narrow things down, we are going to look at the rise of Bitcoin in general.
So, what is Bitcoin?
Bitcoin is a cryptocurrency. Buying Bitcoin or any other cryptocurrency for that matter is more simple than you realize. You can buy and sell Bitcoin in South Africa through a reputable crypto exchange like ChainEX. Access the exchange via your computer or Smartphone using the relevant mobile app or mobile version of the website.
When you dig into the details of Bitcoin, it’s almost an unbelievable tale about how to create money. Although it seems like fiction, it’s actually the best-known version of digital currency in use today. I mean, one Bitcoin alone is worth six-figures in South African Rands.
Bitcoin is a digital currency, so there are no coins to mint or bills to print. There is not a government, financial institution, or any other authority that controls it, so it’s decentralized. For a complete guide on Bitcoin and what it is, read the ChainEX blog post about it
Diversifying your portfolio
You probably have investments in stocks, shares, or even property. Why not diversify your portfolio and include cryptocurrencies? 😄 What makes ChainEX the best crypto exchange in South Africa is the number of tradeable cryptos. With more than 20 digital assets, you have options 😃
We have more than 20 tradeable cryptocurrencies on ChainEX. With Bitcoin on the rise, Ethereum & Cardano gaining traction, what better time than now to invest in cryptos at ChainEX? 😆
You want it, we have it
According to many crypto enthusiasts, 2021 is the best year to invest in cryptocurrencies. There’s a huge demand given the pandemic. It's a bull run. Bitcoin rises because of supply and demand!
Supply and demand is the most important factor of cryptocurrency prices. Keep that in mind throughout this entire article.
This is a basic economic principle. If a cryptocurrency has a high token supply with little to no demand from us as traders and users, then the cryptocurrency’s value will drop. The opposite applies too, if the supply of a particular cryptocurrency is limited and the demand is high, then the value of the coin will increase. Makes sense?
For example, the scarcity of Bitcoin. There’s only 21 million that will ever be in circulation. Have you gotten yours yet? No? Buy some here 😄
When it comes to deciding what crypto to invest in, the choice can be somewhat overwhelming as there are thousands of crypto coins available in the marketplace. But lucky for you, ChainEX has tons of assets to choose from 😁
ChainEX makes it easy
Don’t get us started on the ChainEX referral program 😀 How many friends do you have? How many people are in your circle? Now imagine if all those people paid you. With ChainEX, they can! Read the three steps to making extra money with ChainEX and your friends 😉
With that being said, now is the perfect time to invest in cryptos on ChainEX. What do you think? 😀
So what’s next?
If you’re not signed up to ChainEX, get to it! Plus you’ll be partnering with what could potentially be the best cryptocurrency exchange in South Africa. I mean, EVERYONE is talking about ChainEX.
I mean, you’re here because you want to own some crypto. So here’s how:
ChainEX is a South African digital asset exchange that provides a platform for South Africans to buy, sell, or trade a variety of different digital assets using the South African rand as the default fiat-buying currency.
ChainEX provides you with a secure, online platform from which you can purchase and trade with different digital assets. But you know this already :)
It pays to have friends. Literally.
Not only do we provide a platform for you to trade, but we also reward you for the people you refer!
We not only want you to succeed at ChainEX, but we also want you to impact those around you and potentially build your own crypto trading business, we’ve built the platform to allow you to invite and refer your friends and family to the platform and earn when they trade! For a complete guide on how the system works, read our article on it?
Get to know ChainEX
All content and topics covered are mere opinions and do not constitute investment advice. Trading and investing in Bitcoin carries a high level of risk. We do not assume any responsibility for actions taken upon reading any of our articles. ChainEX is not a financial advisory firm, nor are we an investment manager.