Cryptocurrencies are digital assets that are not dependent on the government decision on money emission. Neither states nor banks can impact crypto asset rates. The market is highly volatile, which opens a lot of opportunities to make a profit from both tiny short-term fluctuations and sharp market trends changes.
Cryptocurrency trading is the most popular way to use digital assets. Cryptocurrencies exchange platforms such as Binance and WhiteBIT offer a variety of trading tools and earning opportunities, for example:
- staking;
- futures trading;
- margin;
- p2p exchange;
- spot markets.
Other popular use cases for crypto:
- you can invest in cryptocurrency for the long term and receive a significant profit (the “buy and hold” investment strategy).
- you can buy goods, programs and services on the Internet.
- you can book travel tours, flights, accommodation, etc.
Popular Crypto Projects in 2022
Here are the most promising projects to invest in:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Cardano (ADA)
- Polkadot (DOT).
Let’s briefly discuss the Polkadot project.
The DOT coin is a native asset of the Polkadot platform. The current DOT rate can be checked by the DOT USDT pair in trading. It is now traded at $7,192 (as of late August 2022). The DOT token is used for staking and serves as a governance token.
Polkadot is a platform that provides interaction of completely different networks due to parachains built into the platform. So Polkadot is a kind of bridge that connects other blockchains and scales them. The platform is also largely used for building decentralized applications.
To buy cryptocurrencies, we recommend using credible crypto exchanges such as WhiteBIT. Platforms that operate officially comply with all the regulators’ requirements and provide a high level of users’ funds’ security.
Reliable crypto exchanges offer quality customer support and educational blocks for users to learn the market better. Besides, WhiteBIT and Coinbase platforms offer demo trading. Users can practice trading strategies without risking their own money for free. The platforms mentioned above are suitable for both everyday trading and long-term investments.
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