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Cryptocurrency

Check Out Your Crypto Options

So you have been going over your options for your crypto investment. Learn the many different variants of cryptocurrencies that might best suit your preference. See what makes each one extra peculiar compared to the rest. This way, you can best decide which one would work for you.

Traditional Crypto Tokens

For sure, you are already familiar with the regular cryptocurrencies out there, such as Bitcoin. It is the typical crypto investment unit traded across crypto exchanges with no guarantee as to value. The price is as good as the condition of the market. 


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As long as the market trusts the virtual coins, their prices will likely remain stable, although you can never be too sure. Remember that the market is highly speculative, so you must be extra diligent. 

Be that as it may, these coins will likely draw investors for their income potential. Since most are vulnerable to market conditions, they are profitable considering the lively price movement over time.  You would not want to miss out on the opportunity brought about by increased and decreased prices. All it takes is your crypto trading skills and a highly-regarded platform like Bitcoin Loophole, Binance, or Kraken to seize the opportunity. 

Guaranteed Crypto Tokens

Not all cryptocurrencies have no value outside the blockchain. Priced physical possessions back some crypto tokens. While these units are intangible in form, they are represented by tangible assets with financial value. That means your crypto coins are not simply numbers accounted for in an online ledger. Precious metals even guarantee these crypto investment units. Rest assured that your coins will be relevant beyond your computer screen.  

This type of crypto token will address the concern of some investors who tend to worry about the limitations of acquiring intangible assets.  Some would opt for assets that are guaranteed with tangible security. No wonder they would be better off investing in crypto tokens backed by tangible assets. And you may want to know more about the pricing ascribed to this cryptocurrency variant to see whether your budget will agree.

Equity Crypto Tokens

If you are into stock trading, you may consider investing in equity crypto tokens. It is akin to equity securities, where ownership of tokens represents ownership of an interest in the company.  You may also have other rights attributed to your status, similar to a shareholder. It would be best for you to assess how things work in equity crypto operations before delving into something new. There might be similarities between stocks and equity crypto tokens but also glaring differences. 

When you subscribe to this crypto variant, it would be best to research the company. It would not hurt if you could obtain a copy of the Constitution and By-Laws to get a glimpse of what is in store for you. You cannot simply plunge into the water without knowing how deep you should dive. 

Collateral Crypto Tokens 

If you are into business, you can always consider securing some collateral crypto tokens. You can invest in these cryptocurrencies for an opportunity to obtain financing through loans. Yes, there are crypto coins that you can use as collateral for your borrowing. Why mortgage your property when you can pledge your crypto wallet? This is made possible by collateral crypto coins created to give your equivalent creditor security. 

Be that as it may, you can use your collateral crypto coins to be able to secure a multipurpose loan. You can even use them to fund some other personal projects. Whatever your motivation behind raising some funds, you can always count on these virtual coins being ready to save the day. At least you have an option if you do not have the luxury of owning land, a house or a car for a mortgage.  

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Charity Crypto Tokens

Some cryptocurrencies are developed for charitable purposes. One crypto token has been popular for its animal welfare advocacy. Perhaps you have heard of Baby DogeCoin, which provides opportunities to crypto trading enthusiasts and overall dog care communities.  This crypto token would be perfect for dog lovers, although you can always buy these coins to earn crypto gains for yourself. 

This type of crypto token highlights crypto social responsibility. It promotes giving back to communities for a sense of social inclusivity. Besides, there is a good chance for businesses to earn some extra marketing boost for their charitable activities in the community. How about a free promotion for the company? Thanks for the kind words in exchange for the kind gesture.   

Gaming Crypto Tokens

There is also the rise of gaming crypto tokens. The gaming industry has also incorporated crypto trading into its system. It is likely to increase the number of avid gamers considering the rewards you can get at the end of the day. This time you are not only playing for fun; you are also playing for some extra coins. Nothing would beat this kind of motivation.

At least you can pat yourself on the back after spending an entire day playing your favourite game. You can have something more than the pleasure of conquering each level. It also gives you a chance to earn something tangible for yourself.  

Insured crypto tokens

Feel free to get rid of external threats finally. You can have your crypto tokens insured, so you will no longer have to worry about those crypto attacks. You can focus your energy on crypto trading if you have the right insurance coverage for your coins.

Nonetheless, you will still have to be cautious in your dealings. Take note of the conditions in your crypto insurance policy to know how you can collect if something goes wrong. You have to be prepared amid uncertain circumstances.

Conclusion

Undoubtedly, the crypto market has been becoming more and more creative to better respond to the market’s needs. By all means, you can choose the best variant that would suit your demands. Whichever is your choice, you still have to exercise caution in your crypto dealings all the time to minimise risks.

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Ifiokobong Ibanga

Ifiokobong Ibanga is the founder of InfoGuideNIgeria.com. You can get in touch with him on Instagram @ifiokobong. If you need a personal assistance on this topic, kindly send a message. Much Love!

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