A guide to easily buying and investing in Bitcoins – Wired PR Lifestyle Story

Interest in cryptocurrency, like the price of Bitcoin, has risen to new heights in recent times. With all the rumors about cryptocurrencies lately, you may be wondering if it’s time to look at this rise in the industry.

On the business side, more and more companies are already making their way into the crypto scene.

Twitter has recently become the first major social network that allows its users ask for tips on Bitcoin, While Paypal has introduced a feature for US users buy, sell and hold through the Bitcoin, Ethereum, Litecoin and Bitcoin Cash platforms.

Closer to home, Singapore has emerged as a key blockchain and cryptocurrency hub in Asia, as many companies jump on the bandwagon.

Ryde’s local hiking app, for example, leaves it to its customers pay for rides with Bitcoin, With zero transaction fee that can be converted to RydeCoin.

DBS Bank, the largest bank in Southeast Asia, launched a crypto exchange in December 2020, and The OCBC recently expressed interest in continuing the same movement.

Needless to say, increasing levels of adoption – both locally and globally – indicate that cryptocurrency remains to be maintained and that it will be impossible to ignore it.

How to learn about cryptocurrencies?

For the first time, the introduction of cryptocurrency can be daunting. Even for experienced cryptocurrency investors, it can feel like you’re swimming in a sea of ​​information space, with no idea how to filter accuracy or quality.

“What is Bitcoin mining?”, “Why are there only 21 million Bitcoin”, “Can I buy half a Bitcoin?” and “What happens when all Bitcoins are extracted?” these are just some of the intuitive (and important) questions that will come to mind as you explore this space.

The good news is that Luno, the world’s leading cryptocurrency platform, has some support where you can get bite-sized digestible information and access to industry-leading cryptocurrencies and updates.

1. Moon Blog

Luno’s blog page it is an excellent source of information that provides the latest news, events and research on the cryptography industry. If you want to hear about the latest cryptographic events around the world, this is a great place to start.

2. Luno’s Learning Page

With articles and explanations “Where did Bitcoin come from?” “What’s the difference between Bitcoin and Ethereum?” Luno’s Learning Page it’s the only station that wants to answer all your hard questions about cryptocurrency.

It also provides a glossary of all the terms you need to know about your cryptocurrency journey, from Altcoin to learning about standard tokens like the ERC-20.

3. Lunoren’s YouTube channel

It is well known that YouTube is a real treasure trove of knowledge and information, and it is no different in terms of cryptocurrency.

Lunoren’s YouTube channel It’s an amazing source of information on all things cryptography, from Bitcoin to smart contracts, presented in a fast-paced, interactive video format over measured lengths.
Now that we’ve talked about how to learn about cryptocurrency, the next step is, how do we start buying cryptocurrencies?

Start with Luno in three easy steps

One of the best platforms for beginners to buy your first cryptocurrency is Luno.

Beginner-friendly platforms, intuitive user experiences, and easily accessible learning content have put them at the forefront of public awareness when it comes to crypto investment.

Using the Luno app, you can buy cryptocurrencies like Bitcoin and Ethereum for less than S $ 1, with a low fee of 0.75 percent.

To explain how easy it is to buy cryptography through Luno, even for the first time, here is a step-by-step guide to using the platform.

1. Deposit by SGD bank transfer or digital wallet

Putting your money into Luno is easy. By logging in to the platform, click “deposit” and the platform will guide you to transfer your SGD securely.

Luno allows you to deposit your money quickly by making a direct bank transfer using any SGD bank account or a digital wallet like StraitsX.

2. Buy your favorite cryptocurrency directly on the main page

Now that you have some SGD in your account, all you have to do is select the cryptocurrency you want to buy. You can choose Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) or USD Coin (USDC).

In addition to temporary purchases, you can also set up recurring cryptocurrency purchases on a daily, weekly, or monthly basis so that you can constantly invest in the form of a watch without lifting a finger.

3. Create a savings portfolio to get passive returns on your Bitcoin or Ethereum

Another nice feature of Luno is the Save feature. Just like earning interest on your cash with the bank, Luno’s Savings Portfolio allows you to earn four-percent interest on any BTC or ETH stored there.

Then your earnings are paid in Bitcoin or Ethereum directly into your Savings Portfolio at the beginning of each month. You can then choose to deduct profits or leave them in the savings portfolio to compose and grow exponentially.

Once you’ve tasted the cryptocurrencies, it’s time to sit back, relax and enjoy the benefits you deserve.

To learn more about the exciting features that Luno offers, you can check out their website here.

Featured Image Credit: Reuters / Luno