A cryptocurrency is a digital currency that is also fully decentralised. Decentralised means that this digital asset is not regulated or controlled by any central bank or any other financial institution. Based on the blockchain technology, cryptocurrencies ensure ultimate security, transparency and direct transactions. This means that one can send cryptocurrencies to another account directly without any intermediaries (i.e. banks).
Currently, apart from the cryptocurrency that started it all, Bitcoin, there are approximately a little less than 3000 cryptocurrencies.
A few of the most popular cryptocurrencies are Bitcoin, Ethereum, Cardano, Ripple, Stellar, and Dogecoin. Best cryptocurrencies to buy today, not necessarily the best, but a number of cryptocurrencies that the majority of traders have heard of include: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), and Ripple (XRP)
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RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading derivatives with this provider. This is not an investment advice.
Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
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