Armoney Recommends Only the Following Cryptocurrencies in India
So, what is cryptocurrency?It’s an internet medium to exchange funds between individuals or corporations to conduct financial transactions. An individual becomes a bank and has control over his own money. Post-COVID will be the beginning of an online transaction era, without the need to go to a bank or touching cash (I owe you) paper money. As cryptocurrency is not “I owe you” it is “I own it”.Why is cryptocurrency better than owning any other assets?Can you take your stocks to another individual and buy groceries or dine in or book tickets and do online shopping?Can you take 13 or 157 or 443 or whatever of number of grams, you break a brick of 1kg of gold and do the above trade… first, the buyer will take it to test and scratch gold to test the purity to justify whether it’s 12ct or 14ct or 18ct or 22ct or 24ct! Let alone the time it took to just find one who first hammers the perfect gold out of the brick.And the same goes for cash! Rs.2000 or Rs.500 or try stacking Rs.100 notes in your pocket to buy months groceries. Imagine that!Also, various forms of digital payments are available in India. Many advertisements these days are advising the public to use digital forms of payments, they have a lot of common with the nature of cryptocurrencies but, the fees they charge, freedom of withdrawal, and stability are not intriguing.There are over 5000 cryptocurrencies globally but Armoney recommends only the following to be bought, traded, exchanged or HODLed in India:Bitcoin (BTC) = Undeniably the best-known Cryptocurrency that has made many millionaires, very volatile and speculative in nature, due to being the first cryptocurrency it’s traded the most globally hence keeping the network secure. Processing time = 10 to 60 minutesBitcoin Cash (BCH) = Very much advanced than its parent Bitcoin, BCH has faster processing than Bitcoin and cheaper transaction fees, Processing time = 10 to 60 minutes.Ethereum (ETH) = This is a very interesting cryptocurrency due to being an open-source its used for the development of various applications and broadly for trading & speculative purposes. Processing time = 6 minutesUSDC (USD coin) = It’s backed by real USD from the largest crypto exchange in the world Coinbase. Processing time = 6 minutesLitecoin (LTC) = Another cryptocurrency that’s basically was made as a competitor to Bitcoin for peer to peer transfer. Its transaction speed is faster than Bitcoin. Processing time = 30 minutesRipple (XRP) = An institutionalized cryptocurrency used by institutions for cross border payments within minutes. The most advanced blockchain technology that has now been adopted by many banks, corporations, and institutions. Processing time = 1 to 5 minutesIf you’re looking to buy, sell or trade any of the above crypto assets, make sure you choose Armoney.com the most secure reliable exchange in India.Armoney also includes the following features that we think you’ll like:Cheapest trading fees and No fees on deposits & withdrawalsProprietary liquidity, KYC, AML, and Bank account verification systemsSupport desktop, mobile, and desktop tradingFocuses on premium design and ease of useSupports INR paired crypto assetsHas 24/7, fast human support if you ever need help!Contact Email [email protected] Linkhttps://armoney.comThis is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Tags in this story Armoney, Armoney.com, Armoney.in, Bitcoin, bitcoin cash, Cryptocurrency, Ethereum, Exchange, India, Ripple, USDCImage Credits: Shutterstock, Pixabay, Wiki CommonsDisclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer
I have over 10 years of experience in the cryptocurrency industry and have written for numerous publications. I am an expert on all things crypto and know the ins and outs of the industry. I am also a highly experienced trader and have made a fortune in the market. I am always available if you want to talk about all things crypto and I can help you make money in this burgeoning industry.