Interest in cryptocurrencies has boomed to unprecedented levels this year. These digital coins have surged in value collective market capitalisation has jumped from $10 billion at the start of 2017 to over $160 billion in September and crypto coins are destined to command global headlines for years to come.
How much do you know about Bitcoin (the original cryptocurrency, launched in 2009), Ethereum, and other cryptocurrencies? There are hundreds of them now, but the uninitiated should not feel overwhelmed in the slightest. Our motto here at eToro is: Crypto needn’t be cryptic.
To make life easier and arm our six-million-plus clients with the confidence and tools to trade in our crypto markets, we are happy to provide an educational guide, which can be accessed below.
This is an eight-page guide to digital coins. It includes handy overviews of six of the main cryptos: Bitcoin, Litecoin, Ethereum, XRP, Dash and Ethereum Classic, and also contains a helpful jargon buster.
*Cryptocurrencies can fluctuate widely in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.
* The information above is not investment advice.