Overview of Cryptocurrencies
Cryptocurrencies are digital currencies that work in a similar way to stocks or other instruments, with the only exception that cryptocurrencies do not give the holders any legal entitlement and are not traded in traditional stock exchanges. There are separate online portals called cryptocurrency exchanges that allow crypto trading, much like stock trading but in a slightly different manner.
Unlike traditional currencies or stocks, cryptocurrencies exist only in a blockchain network as “shared digital records of ownership.” Transfer of crypto units from one user to another is done through digital wallets, which are virtual wallets used to store cryptocurrency units. The units are sent from the owner’s digital wallet to the receiver’s digital wallet. The transaction continues until it is verified and added to the blockchain network through a process called “mining.” This is also how new cryptocurrencies are created in contrast to other currencies that are issued by the government.
Cryptocurrencies can either be traded by speculating a particular cryptocurrency pair’s price movements via any CFD trading account, or they can be directly purchased via a cryptocurrency exchange. Coinitix is such an emerging cryptocurrency exchange platform.
Why Should You Invest in Bitcoin?
Bitcoin is the most popular cryptocurrency that is traded in the crypto exchanges. Here are the two major reasons that encourage investors to buy bitcoins:
1) Wide acceptability – bitcoin is among the very few cryptocurrencies that are widely accepted across powerful countries like the US, UK, Mexico, South Africa, etc.
2) Anonymity – bitcoin transactions are anonymous, and even the parties transacting are not aware of each other’s personal details, which also protects the users’ funds from hackers.
Coinitix is a cryptocurrency exchange platform that allows traders a secure medium to purchase bitcoin via credit card. With the increased use of digital currencies, the security of the user’s funds has created quite a stir in the financial markets, which have triggered the development of various crypto exchanges like Coinitix. Therefore, to sustain in this rat race of emerging cryptocurrency exchanges, each exchange has to offer something exclusive, and here is Coinitix with its extraordinary features like faster payouts and commission-free trading, and regulated transactions.
Benefits of Coinitix
In general, cryptocurrency exchanges offer several benefits to crypto traders in terms of the protection and security of users’ funds. With Coinitix joining the list of top cryptocurrency exchanges, traders are more than overwhelmed with the manifold features that the exchange has to offer to its clients. Here are a few of them listed below:
The user-friendliness of Coinitix.com encourages users at all levels of experience to try crypto purchasing via this platform. To begin trading on this exchange, users only need to create an account with a valid email address that is to be linked to the exchange. The verification process is also simple, on the completion of which users are free to begin purchasing bitcoins.
2. Regulated Exchange
Coinitix.com is regulated by the Ministry of Economic Affairs under the Estonian Registry Code. The website holds a license to offer crypto trading services to clients. All transactions placed by traders on the Coinitix are governed by the laws of Estonia.
3. Low Transaction Fees
Cryptocurrency exchanges do not require any third-party intermediary to process the financial transactions, as in the case of traditional financial institutions. The absence of intermediaries eliminates the high transaction costs in crypto exchanges. Coinitix, as an emerging crypto platform, also provides this benefit to users.
4. High Payouts
At Coinitix, users do not have to wait for their payouts; payouts are processed almost instantly.
5. Allows Credit Card Purchases
Coinitix allows bitcoin purchases with credit cards, which again contributes to faster processing.
6. Excellent Customer Service
Lastly, Coinitix is backed by a robust customer support cell that resolves customer queries as and when they arise. The support cell is available 24/7 and can be contacted directly via emails, phone calls, or chats.
Therefore, if you want a smarter bitcoin purchase, log on to the Coinitix portal, and you will get all the terms and conditions for trading on the platform. Purchasing cryptocurrencies through legit exchanges like Coinitix provides the safest way to buy Bitcoin with credit cards. These unique features help Coinitix to eliminate the technical complications that exist in the present crypto market.