🔴5 ways to invest in cryptocurrencies without complicating your life
$BTC Although you can invest in cryptocurrencies for several years, it wasn't that long ago that they became popular as an asset to invest in. Currently there are thousands of them, but there are not so many that can be considered a safe investment vehicle.
Experts warn that it is a complex investment. However, there are channels that simplify cryptocurrency operations. At Finect we collect some simple ways to invest in cryptos without making your life too complicated.
1 Invest in cryptos with a wallet
A wallet, more than a way to invest in cryptocurrencies, is a method to organize and store them. Tali Salomon, director of eToro for Spain and Latin America, defines a wallet as “a purse where we store our cryptocurrencies. It can be virtual or physical, and its function is to store the cryptocurrencies that are exchanged in an exchange or exchange house.”
2 Invest with cryptocurrency exchanges
Until recently, cryptocurrency investments were channeled through the purchase of digital currencies, tokens, NFTs and recently Bitcoin ETFs. There are also Bitcoin futures ETFs, but futures are complex derivative products with a very high risk even for the most experienced investors.
3 Invest in cryptos with exchange-traded products (ETPs)
A handful of managers offer listed products to institutional or retail clients. They are ETPs (Exchanged Traded Products). There are three types of ETPs: exchange-traded funds (ETFs), exchange-traded notes (ETNs), and ETCs (exchange-traded commodities).
