I believe you've heard a lot about cryptocurrencies and how it has made a lot of people millions of dollars if you stick to the end of this video I'm going to show you the in-depth tutorial on how to invest your cryptocurrencies even as a beginner with no experience
I'll also explain why it's so important to invest in cryptocurrencies now and show you how you can make thousands of dollars every day so I remember
How I started my first business with the profit I made from my cryptocurrencies way back in 2020 as a broke it admin so as 2020 Bitcoin was around 20 to 30k as at the time I invested my $1,000 and I made a profit of over $10,000 by the end of the year with the tricks I'm about to show you so make sure to stick to the end of this video so before I get into the steps what is cryptocurrency so crypto currency is more like a digital or virtual currencies which uses.
Cryptography for security so unlik traditional currencies where they are issued by governments and central banks cryptocurrencies operate on decentralized network which are based on on blockchain technology so why do you need to invest in cryptocurrency so the first one on the list is high returns cryptocurrencies have shown potential for significant price appreciation.
Hover a short period some early investors in cryptocurrencies like Bitcoin and etherium or Dogecoin has experienced substantial gains so let's say you invested $1,000 in 2017 you'd have made over $400,000 as at now we're just keeping your fiat currency in Bitcoin cryptocurrencies can be traded 24/7 everywhere anywhere that you find yourself and transactions can be done globally without any intermediaries or Banks or any government organization this accessibility appeals to investors who appreciate the flexibility and speed of cryptocurrency transactions one of the most important reasons why you need to invest in cryptocurrencies is to head against your fiat currency depreciation some investors see cryptocurrencies to hge against Fiat currencies and currency depreciation especially with countries that has unstable Fiat currencies so.
If you hold your currency in Bitcoin or any cryptocurrency they can Hur against depreciation in the near future the next is diversification cryptocurrencies can provide a way for investors to diversify their portfolio traditional assets classes like stocks and bonds may not always move in the same direction as cryptocurrencies potentially reducing overall portfolio r risk also some prominent investors argue that certain crypto currencies especially like Bitcoin can serve as a store of value similar to Gold this idea is based on the limited supply of some cryptocurrencies which can create scarcity and potential preserve value over time.
So the question a lot of people usually ask is how much do I need to invest in cryptocurrencies so you can invest with any amount that you want to start you can even start with $10 $20 $100 $1,000 any amount that you want to start even in your own currency you can even start with 100 Ghana cities if you are in Ghana th000 naira or any amount that you need to invest it also depends on the crypto exchange that you are on for example.
with binance you can invest as slow as $10 and look at it grow exponentially as time goes on so quick note I'm not a financial advisor and anything that you do with your money is up to you you may not get exact result as I got but I believe that if you invest wisely with your money you can make exponential gains and investing in cryptocurrencies can be attractive but it's important to note that cryptocurrencies market is highly volatile and comes with its own set of risk before investing in any cryptocurrency you make sure to do a diligent research understand the risk involved and only invest in an amount that you can afford to lose so let's go directly into the ways of investing into cryptocurrencies number one is to huddle huddle is a term derived from a misspelling of hold hle is sometimes described as an acronym for hold on to dear life meaning to buy and hold indefinitely so this process is mainly when cryptocurrencies go on low so you have to buy it on the low and hold it so you get to the peak or anytime that you want to withdraw when you think you've made a lot of profits you can either withdraw or you can hold on to it as long as you wish the next way to invest in a cryptocurrency is by crypto trading or in binance we call it binance features Crypt trading is buying and selling of cryptocurrencies on an exchange it allows traders to speculate on future prices movement of cryptocurrencies by buying and selling Futures Contract but before you go into crypto trading you need to really have a special knowledge in this you can't just trade in cryptocurrencies by speculation crypto trading is more like Forex Trading you can lose a lot of money if you don't have much knowledge in Crypt trading make sure you understand make research before you trade any cryptocurrencies people also go in for copy trading which is also a nice way to trade cryptocurrencies but I advise you that you need to understand crypto trading before you get into the trading and make sure that you invest in amounts that you can afford to lose let's move on to the next point which is binance end so I'm using binance as my crypto exchange which is the top cryptocurrency exchange with millions of people on board so there are types of binance and we have the simple end the Dual investment the in staking and auto investment I'm going to explain all of this when we jump into the app so let's dive onto the app and show you a lot of ways to invest your cryptocurrencies and make thousands of dollars with your money so now let's dive into my phone and show you how to use binance and to make your crypto investment so on my app here I have $50 that I'm going to use to invest I'm going to use it to try it out for you guys to see if you don't know how to buy cryptocurrencies make sure to check the link in the description below to buy any cryptocurrency on binance so on the app I'll go to my wallet and on my wallet here you can see I have my $50 on the overview when I go to my spot wallet you can see I don't have anything on my spot wallet but when I go to my funding that means that uh I recently bought my cryptocurrency and I can transfer it to the spot wallet now let's go to the homepage here and click on N so you can see there are a lot of things going on here if you not seeing the end button here it means that you might be on binance lights make make sure you click on the button here and you can also see your binance your n in here so you can see down here that we have binance lights meaning that I'm already on binance Pro so you click on binance Pro over there so let's go directly into the app and go to n now so on N we have um low risk we have the higher yield and auto invest so let's start with the low risk here and under the low risk we have the flexible and the lock sticking so with a flexible you can always remove your coin anytime that you want to remove if you want to save it like 30 days and you want to maybe sell it out you can just remove it and any profits that you made you can take it out with with you but if if you want to use locked inning here then it means that if you select binance and you select 60 days or night 120 days which is 3.5% it means you have to wait for the 120 days before you can earn your profit so I already have usdt you can see over here at my coins I have usdt here so I'll go to n and click on usdt I can actually convert it to bitcoin if I want to invest in Bitcoin but because usdt has a higher APR which is the average percentage rate at the end of every year I'm going to make 11.52% as a 202 for previously it was more than this but as at 2024 it is 11.52 which is not bad for investing in usdt so usdt is more of a stable coin I'll click on usdt which is equivalent to $1 so if I had $1,000 on my account over here you can see I have estimated reward is going to be 0.21 which is really small but it's not bad instead of just buying an H don't just buy your cryptocurrency and let it lie there freely you need to buy the cryptocurrency and also invest in it let your cryptocurrency work for you so that is what binance n is for so with my $50 when I click on the maximum with my $50 here I'm going to make 0.01 every single day till the day that I remove my money so if I want to do that I will just click on I have read and agreed then click on confirm then that is all I've successfully saved my usdt to binance to earn for me so you can see here that the subscription date is on the 29th of January that is 1115 and I'll be able to only acre my money on 30th of January 2024 around 12:00 a.m. my first distribution date is 31st which is 31st January and it's also 12:00 a.m. I can go to my wallet here and when I go to my wallet now my money is not on the funding again let me reload for you to see so it's not on the funing again now it's on the end so you can see that your money will be going up and down depending on the number one depending on the currency rate and also depending on your amount of savings that you made so if you want to unsubscribe or remove your money from your binance and all you need to do is to click on it and click on redeem you click on the amount that you want to redeem then you select where you want to redeem it to so I will leave it to spot wallet you can see down here it says maximum of the amount that you are moving out um daily the redeemed quality will be returned today so when I click on confirm I will be able to redeem it shortly at the same time go back to my wallet and see if we have it there so we don't have anything on the air now but let's go to the spot wallet and reload and you can see that coin has been moved to the spot wallet so you can see that the flexible saving is easy and very fast so if you want to go to the lock taking it's going to be the same thing and we have different types of currencies for each investment so with the Lo taken here you can only find some currencies here which is BMB F xtz and the rest if you have B&B don't let it be idle go straight to your investment part and let it work for you so if you want to save it for 120 days you can get 3.5 APR and anytime that you save let's say you have $1,000 you'll be able to see the estimated rewards that you get at the end of the 120 days down here okay so let's move on to the second one we have high yield so with a high yield we have the Dual investment so dual investment gives you an opportunity to buy or sell cryptocurrencies at your own desired price and date for the future while earning higher rewards no matter which direction the market goes to so if you want to go in for dual investment which is um it's lucrative you go in for this means that you're going to invest in it for a very longer time so over here you can see we have BTC which is Bitcoin you can be making from 3.66% to 274 per which is not really bad I can go straight onto it and click on sell be for usdt so if you click on start so binance is giving you um a popup here that if you click on the the Dual investment you have a chance to sell cryptocurrency and you can read more on that and click on start the next one here on the higher yield is also e staken so e staken is more of using your ethereum to St on the ethereum network where you get rewarded for staking or helping the ethereum network so if you have an ethereum you can stti on binance here so you click on stake and you click on the amount that you want to stake let's say you have five ethereum and so one ethereum is at 0.97 w which is binance e staking um currency that you're going to receive as at January 2024 so you can save your ethereum with e Sten the last one I'm going to talk about is auto invest which is one of the simplest and easiest way to make thousands of dollars wor your cryptocurrency so Auto in a fixed dollar amount on a regular basis regarding of the share price so if you invested in BTC for a year now you would have made over 186% which is really pretty if I want to Auto invest into BTC I will come to binance with the auto investment part and click on the create and I can go in for every week every day every month or every year so I will click on the percentage that I want to allocate for and let's say I will click on if I want to buy $10 every day you can select the daily here you can even select hourly so let's say I go in for weekly you have to make sure that you buy and load your balance on to your SP wallet so that every week your money can be deducted into your auto investment part so I hope you enjoy this video if you enjoy this video make sure to smash the like button and make sure to subscribe to the channel for more videos like this