We are thrilled to announce the opening of our brand-new cryptocurrency trading platform, Summits Exchange
. You may now quickly, simply, and safely begin trading Bitcoin, Ethereum, and many other cryptocurrencies from anywhere in the world in a matter of seconds. You may quickly make deposits and withdrawals and take advantage of short sell options with excellent margin trading leverage. To assist you with registering for trades on our CySEC-regulated platform, which has a monthly trading volume of US $11 billion, our support team is available around-the-clock, every day of the year.
What is a crypto currency
Cryptocurrencies, such as bitcoin, are digital currencies that are exchanged between users on a blockchain, decentralized from governing bodies and banks. Since cryptocurrencies are fully virtual, they have no inherent value and are not supported by tangible goods.
How Do Cryptocurrencies Work?
Primarily, cryptocurrencies rely on blockchain technology to complete a transaction via an intricate
P2P network. Once a transfer request is entered into the network, it is validated by the network and added
to a pool of other transactions to create a block of data for the ledger, which is then entered into the
existing blockchain. Once the block is successfully added to the chain, the transaction is approved and
completed.
Are There Investment Opportunities with Cryptocurrencies?
Absolutely. Cryptocurrencies have become established investment commodities among major financial
institutions and have even been adopted by countries such as Australia and Japan. As with any investment
though, there are risks linked to market movements, high volatility and economics.
