The crypto market is booming, the market capitalization of the cryptocurrency network is now above $758.06 billion. This is higher than the market capitalization of Tesla. This is the highest it has ever been, and it still threatens to go even higher.
This increases the profitability of the market, keeps attracting the notice of investors. Recently, the cryptocurrency market has seen a sizeable influx of new investors, ready to stake money in the growing enterprise.
But lack of information and the relative newness of the market as compared to more traditional products such as stocks, bonds, and fiat currencies that have been around for years, has made a lot of investors insecure about investing in the crypto market.
In this article, we discuss two unique crypto investment platforms, and we give you reasons why you should invest in cryptocurrencies through them.
Grayscale Investments is not your typical buy and sell platform or a cryptocurrency wallet that offers extensive services. Grayscale represents the next stage of investment, in the cryptocurrency market.
Grayscale, a subsidiary of the digital currency group, is currently the largest digital currency asset manager. Grayscale offers investors exposure to the digital currency, in the form of products, that is, investors buy shares through trusts and funds that hold a large number of cryptocurrencies, with share value near enough to the price of cryptocurrency bought.
Some products offered include:
Grayscale Bitcoin Trust (OTCQX: GBTC), Grayscale Bitcoin Cash Trust (OTCQX: BCHG), Grayscale Ethereum Trust, (OTCQX: ETHE), Grayscale Ethereum Classic Trust (OTCQX: ETCG), Grayscale Litecoin Trust (OTCQX: LTCN), and Grayscale Digital Large Cap Fund (OTCQX: GDLC)
These funds are listed on public stock exchanges and anyone can trade shares in them.
A major question usually asked is, “why should I buy shares offered by grayscale investments, when I can buy the digital currency directly?”
First of all, when buying cryptocurrencies there is a list of worries investors have which include:
- How to store it
- The outcome of investment when a key is lost or the password to the wallet is forgotten
- Fear of getting hacked or scammed
Grayscale solves this problem for investors. Grayscale stores and safeguards each product’s digital assets, with multiple security protocols that include: offline storage, multiple encrypted private key shards, usernames, passwords, and 2 step verification. These protocols are designed by experienced security, financial and technological professionals. These protocols are tested and proven.
Secondly, purchasing large orders of digital assets can be a daunting task, few crypto exchanges and order books can fill large orders, without significant price change. Grayscale solves this problem as it stores enormous quantities of digital assets. Presently grayscale is the largest single owner of Bitcoin with over 850,000 Bitcoins which account for 2.4% of the circulating Bitcoin volume.
So for traditional investors, who are looking to enter into the cryptocurrency market, Grayscale is a suitable platform that meets your needs.
Bityard is the worlds leading crypto exchange, providing customers from more than 150 countries with safe, simple, and fast digital currency trading services.
A fully regulated platform. Bityard is regulated by THE AMERICAN MONEY SERVICES, SINGAPORE ACCOUNTING AND CORPORATE REGULATORY AUTHORITY (ACRA), THE MTR OF ESTONIA FOR EUROPEAN UNION, and THE UNITED STATES DEPARTMENT OF TREASURY
Bityard offers several trading options, including spot trading of cryptocurrencies and derivatives, instant buy and sell options, contract trading, and the copy trade option.
For the sake of this article, we will look at Copy trade only.
This is an innovative system introduced by bityard, that allows users to copy trading activities from expert traders, which reduces the difficulty of crypto investment for beginners.
Unlike other trading systems, where investors have to go to different online groups or platforms for trading signals and then trade somewhere else. On Bityard, the user only has to find a trader with a good performance and complete the trading settings to start copying.
The copy trade system also allows users to manage the position settings, such as their position margins and leverage. A copier can increase the position margin when the copier has confidence in a trader.
Bityard has a lot of expert traders, all approved after going through a comprehensive verification process. Once confirmed to be qualified enough, the trader is then listed and can get copied by users.
Bityard makes the performance data of traders available to all Bityard users. This data includes profit rate, win rate, and overall performance. Bityard also provides a personal homepage for listed traders, where they can drop short self-introductions, to help users know more about the trader.
Copytrade platform on bityard showing traders and info on them
This copy trading system also benefits the expert traders as any listed trader gets a percentage commission, from the profit made by the copiers.
The copy trade system developed by bityard with the concept “complex contract, simple trade“, presents an otherwise sophisticated trading system in a simple way to users.
The copy trading system has an easy to use interface, developed with crypto-beginners in mind.
Bityard Complex Contract, Simple Trade