Cryptocurrency Investing Tips for Beginners

This research was sponsored by Luno Global, a platform that allows users to buy, save and manage cryptocurrencies.

Bitcoin and cryptocurrency are all over the business news channels. It seems everyone is

talking about them, and if you haven’t invested in them, you may be feeling left out and wondering where to start.

Most who haven’t invested yet usually have a few fundamental questions. The first is — what are Bitcoin and cryptocurrency? How and when do I start?

To answer the first question, Bitcoin is the largest cryptocurrency by market value. It came into existence in 2009, invented by Satoshi Nakomoto, a pseudonym representing an individual or group of individuals whose identities remain a mystery.

It was created as a trustless electronic peer-to-peer cash system. In other words, two people can send each other money without having to trust one another or a third party such as a bank to vouch for them.

Bitcoin and other cryptocurrencies are decentralized. Instead of being created by and supported by a central bank or government, they are built on and supported by a blockchain — a decentralized ledger whose records exist on many computers. Every transaction is permanently stored on the blockchain, which is transparent for those interested.