When it involves investing, there are many options. You can invest in stocks or bonds, but they can be risky. You can invest in gold, but that is likewise risky with the rate of inflation. However, investing in cryptocurrencies has been an emerging trend and a very successful investment method. While the potential of cryptocurrencies is still being analyzed, some risks have been identified. It is important to determine which cryptocurrency to invest in as a startup.
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Cryptocurrency is the way of the future, so investing now will give you an edge during this time of rapid growth. As cryptocurrency prices fluctuate constantly, there are a few companies you should look into to get in on the ground floor.
The first company is Coinbase, which was founded in 2012 and provides residents of over 30 different countries with buying and selling cryptocurrencies such as Bitcoin and Ethereum. Coinbase also offers a variety of services such as a wallet for online-only transactions, a browser for collecting coins from web pages, market data to help with trading decisions, bitcoin storage vaults called the Vault for more security-minded investors, and merchant tools that allow businesses to accept Bitcoin payments from customers. Coinbase recently raised $75m in Series A round of funding led by famed tech investor Peter Thiel’s Founders Fund, with participation from the New York Stock Exchange. Coinbase also plans to support Bitcoin and Ethereum in 2017.
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For users who are not located in the United States, Gemini is a relatively new cryptocurrency exchange that has quickly become one of the largest bitcoin exchanges available. The company was founded by Tyler and Cameron Winklevoss, who are famous for being involved in a legal dispute with Mark Zuckerberg over Facebook shares. Gemini currently supports trading between US dollars and cryptocurrencies, but will be supporting other fiat currencies soon.
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