As the economic conditions remain uncertain with low-interest rates and worries about inflation, many investors have turned to alternate investment options such as cryptocurrencies in order to diversify their portfolios and capture higher returns.
In this article, we will discuss long-term investments and what cryptos suit you best for it, as well as give you a guide on “How can I buy cryptocurrency?”
What is Special About Long-Term Investments?
Investing in crypto for the long term is a practice that involves purchasing and stashing away digital currencies with anticipations that their value will amplify over time. This technique relies on trust in the idea that, as more people adopt it, use cases of cryptocurrency become more widespread, thus leading to an eventual rise in its worth over the years.
Those who adopt this technique usually possess a long-term view of the market and can tolerate temporary price changes or volatility. In comparison to short-term trading, this approach is often less risky as it does not demand regular trades based on current conditions or technical analysis.
Here is the list of the most promising crypto to buy in 2023:
How to Purchase Crypto?
The best way to buy crypto is through a centralized crypto exchange. An example is WhiteBIT – the largest trading platform registered in Europe and complies with all the requirements needed in this field. On WhiteBIT, you may use your bank card to buy cryptocurrency:
- To get started, create an account on WhiteBIT. All you need is your email address and a secure password to sign up.
- After successfully registering and signing in, you can access the “Deposit” button at your dashboard’s upper right-hand corner.
- To invest in cryptocurrency, select “Bank Card” as the deposit method and make your selection from the available options.
- Ensure you verify the amount of funds and cryptocurrency chosen before depositing. Confirm your deposit by entering the specified sum, then clicking “Continue”.
- Afterward, you will be guided to a payment page where you can enter your card information, including the credit card number, expiration date, CVV code, and cardholder’s name.
- After submitting your card information, click “Pay” to start the payment process. Once the transaction is approved, you’ll receive cryptocurrency directly into your WhiteBIT account for use.
- Now, you can effortlessly trade your cryptocurrency and exchange it for another one or withdraw it to a wallet with just a few clicks on the trading page.
It’s important to remember that WhiteBIT charges a fee for card deposits and ensure your bank card is eligible for international dealings, as some banks may bring forth additional payment.