Cryptocurrency gradually becoming a hot investment commodity!
Since 2020, the decentralized world has gradually risen, and the DeFi world represented by DEX gradually became the main battlefield for cryptocurrency investors to trade on. Liquidity mining further changed the ideological transformation of the decentralized world, which causes an influx of money into the cryptocurrency market. According to data, since March 2020, the overall market value of cryptocurrencies began to rise extremely fast. In March 2020, the total market value of cryptocurrencies was pinned at $177.06 billion. Despite experiencing a sharp drop on December 4, it still maintained a market value of $2240 billion. The high development of the cryptocurrency sector as a whole has been further recognized by many mainstream financial institutions like Paypal, Barclays, Citigroup, Goldman Sachs, The Bank of Paris – Paribas, The Bank of New York – Mellon and other top financial institutions and they are making layouts for cryptocurrency, one after the other. After a few traditional financial institutions and tech companies backed the Web3 concept in 2021 and began to enter DeFi, NFT, GameFi and Metacverse, cryptocurrency became a hot investment according to them.
On December 4, the entire cryptocurrency market plunged, which was perceived as the perfect opportunity for cryptocurrency “bargain-hunting”. After all, as the global market’s general consensus on cryptocurrencies continues to rise, the opportunities for low cost tokens are becoming less and less . Chaos in the cryptocurrency market
Cryptocurrency is a relatively special asset. Compared to traditional electronic investment like stock trade, cryptocurrencies are more decentralized and independent. This means that many cryptocurrencies can easily become the “white gloves” of many shady products, such as money laundering.
The traditional cryptocurrency OTC business (using fiat currency for OTC purchase) is the major means for many investors to obtain cryptocurrency. Especially the OTC services provided by many CEX trading platforms. In the process of trading with strangers, it is easy to conduct transactions with some “illegal assets”. Many Chinese investors, in particular, are plagued by the security of capital sources.
Whether an investor buys or sells cryptocurrency, the bank account you trade from may be labeled as a “money laundering account”, and the investor will also be seen as an accomplice in this money laundering ‘witch-hunt’. The Chinese police’s previous “card break” operation could freeze investors’ bank accounts and cause a lot of unnecessary complications in trading cryptocurrencies alone.
Of course, among the many newbie cryptocurrency investors, many investors are also helpless when it comes to the independent management of cryptocurrency accounts, for example forgetting the account address, transferring to the wrong account address, cracked passwords and stolen assets (of which this is the main culprit) and much more. The problem is that cryptocurrency investors, especially many junior cryptocurrency investors, investing in cryptocurrencies has more of a headache thank joy.
But recently, an investment tool application called Bit.Store , has gradually been favored by many cryptocurrency investors for its low cost and safety aspects for investors to buy cryptocurrency with peace of mind. Bit.Store, highly acclaimed
Although cryptocurrency exchanges in the past were the most important way for investors to obtain cryptocurrency, there has been a certain amount of security risks for OTC transactions. The impact of the rise of DeFi world, new online purchase methods represented by Paypal and Cash APP gradually emerged. Of course, these traditional payment giants are still mainly about profit and typically charge anywhere from 2.5% to 5% compared to OTC deals. As these giants are mainly based in North America, they also mainly carer to the North American users as their main services. Bit.Store is a platform that focuses on cryptocurrency trade there with many advantages.
Since the COVID-19 swept the world in 2020, a large number of young graduates in Southeast Asia faced tremendous difficulty. A region strapped with a single economic structure and weak a industrial level. Under the banner of GameFi games represented by the YGG guild, Southeast Asia represented by the Philippines paved the way of a “gold rush” as a source of livelihood. The trading of cryptocurrencies became a means of life. Bit.Store became the most popular gold platform in Southeast Asia at the time. Bit.Store is more in line with the habit of traditional investors, using traditional internet products, and allows users to buy cryptocurrency at a low cost without the need to master any knowledge of blockchain or cryptocurrency. Newcomers, when trading cryptocurrencies they only need to buy or sell and pay the price at that time.
In the traditional cryptocurrency OTC, users will buy the […]
source In a Down-spiraling Market, Bit.Store May Become the Best Bargain-hunting Gem
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