Learn Everything About Cryptocurrency and Start Trading ZuluTrade

Cryptos trading hero
What is Cryptocurrency?
Cryptocurrency is a digital or virtual currency that is based on blockchain technology, it is traded peer-to-peer and is independent of centralised authorities. Many cryptocurrencies are decentralized networks based on a distributed ledger enforced by a disparate network of computers. Cryptocurrency can take the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely non-physical. Here, we’ll be looking at lots of advantages to cryptos such as reliability, security, and fast money transfers.

Top Cryptos

View more

The Benefits of Cryptocurrency

Popularity chart
Having emerged as a digital alternative to more traditional methods of exchange like cash or credit cards, Cryptocurrencies have become increasingly popular over the past several years. Here we’ll be digging into why it’s become so popular and the benefits of it.
Blockchain technology will manage the database that has the bitcoin transaction records. The decentralization would involve only two parties in the transaction, i.e., the sender and receiver. You no more have to deal with any third party. There is no one to monitor what you are doing.
Low transaction fee
Low Transaction Fee
The traditional financial system requires ‘middlemen’ to carry out transactions that require a fee or commission. Cryptocurrencies on the other hand do not use middlemen, transactions are usually easier, faster and require less or no additional transaction fees.
Good Security
When you use cryptocurrency, it removes the need for transaction fees or commissions. A transaction would take place one to one on the secure network. The transactions would be transparent, and it becomes easier for you to establish the audit trails.
Greater Access to Credit
When you use cryptocurrency, it removes the need for transaction fees or commissions. A transaction would take place one to one on the secure network. The transactions would be transparent, and it becomes easier for you to establish the audit trails.
Individual Ownership
Unless you’ve delegated management of your crypto wallet over to a third-party service, you are the sole owner of the corresponding private and public encryption keys that make up your cryptocurrency network identity or address.

Cryptocurrency vs Fiat Currency

Much like investing in a stock or commodity, it does not pay dividends or interest. To the degree that cryptocurrency will be a good investment solely on that it represents a more efficient means of commerce, particularly on the web. So here are a few reasons it just might be.

Many companies and even Wall Street have begun to recognize cryptocurrency as a viable way of payment. You can now find more large companies with digital coins. That being said, the cryptocurrency market is still very young, caution is advised when investing in promising cryptocurrency.
No Inflation
The maximum amount of almost all cryptocurrencies is limited (i.g. Bitcoin, Ethereum and Cardano). The value of traditional currencies (e.g. Euro and Dollar) is strongly based on a central bank’s decisions. In the long run, a central bank’s monetary policy will lead to inflation.
A Better Alternative
Cryptocurrencies are completely immune to the monetary policy of central banks. Because of that, cryptocurrencies offer a good alternative to the current monetary system. Cryptocurrencies can have a lot of different use cases. Since the first cryptocurrency, Bitcoin, thousands of different cryptocurrencies have appeared on the cryptocurrency market.
Each cryptocurrency has its strengths and weaknesses. When buying cryptocurrencies, it is always worthwhile to find out the purpose of that currency and other background information to make sure it is reliable and functional.
Topics Cryptocurrency Fiat Currency
Created by decentralised distributed computing
Created and issued by a Government
Governed by network consensus and not any entity
Governed by a central bank
Transactions only involve two parties
Transactions require a third party to process
Local and international transactions can take minutes depending on the internet connection
Local and international transactions can take days
Little to no chargeback is required after a transaction has been made
A chargeback is possible after a transaction has been made
Value determined by supply & demand
Value determined mostly by markets & regulations
In most cryptos, there is only a limited supply = No inflation
Governments can print an unlimited amount = Inflation

Autotrading Cryptos with ZuluTrade

ZuluTrade CryptoTraders
Join a skyrocketing Market by copying experienced CryptoTraders from around the globe.
Multiple CryptoTrading Options
Global Network
Here you can review signal providers, look at Traders to copy, offer advice, explore trends visually and ask questions. Helpful for first-time Traders to find out useful information.
Transparency as a Platform
ZuluTrade is the most advanced and feature-rich platform to customize your experience and shield your capital.
24/5 Live Support
You are our priority! Our ace Customer Support is always by yout side, ready to answer your questions.

Frequently Asked Questions (FAQs)

© Copyright ZuluTrade EU
This service is provided by Triple A Experts SA - EU Regulated, Licence # 2/540/17.2.2010
Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Profit sharing accounts are subject to a monthly performance fee per selected trading system.
Forex trading involve a real risk of loss. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. Past performance is not indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. Please check our full disclaimer.