Though not yet stable, but Cryptocurrency is slowly and steadily gaining its ground. The rise in digital market has led to the greater interest of the public in knowing and investing in cryptocurrency. But the major question that still revolves around is whether Cryptocurrency will be able to hold its ground or not. There are some other speculations regarding its future which we will briefly discuss. We will also discuss how trading companies like Prime XBT are contributing to the growth of Cryptocurrencies.

What are Cryptocurrencies

Cryptocurrencies are digital currencies that are managed with the help of high-level encryption technique which is widely known as Cryptography. Cryptocurrency came into existence with the launch of Bitcoin in 2009. Bitcoin attracted the attention of investors worldwide, and soon it touched a peak of $266 per Bitcoin within just four years of its inception. It grew to have a market value of over $2billion. However, later on, it sunk 50% soon. This gave to rise to a fierce debate about the future of cryptocurrencies. Will they be able to replace the existing currency such as the dollar or euro? Or will they be wiped out of the market entirely? This is a matter of study.

The Future of Cryptocurrencies

Many predict that the upcoming years are going to be very beneficial for cryptocurrency as it is expected that the institutional money will enter the market. This will mean that huge investments will flow towards the cryptocurrency segment and this will really take this trade to new heights. It is also being expected that the crypto is going to be floated on NASDAQ. This will help significantly to increase the reliability of the blockchain and will lead to more investments.

What is Bitcoin

Bitcoin, as mentioned above, was the first cryptocurrency that was launched in 2009. It should be well noted that Bitcoin is a decentralized currency. This means that it is absolutely free from government interference and manipulation. However, the drawback of lack of government hold is that there is no governmental body to regulate the trade. As a result, there seems a lack of high security in the trade of Bitcoins.

How to Purchase Bitcoins

Earlier, the process was much complicated. But with the emergence of trade companies like Prime XBT, you can even buy BTC directly with a credit card. Here’s how you can buy Bitcoin with a few easy steps.

• You will first have to buy a Bitcoin wallet before you make any purchase. It is kind of a digital locker which is meant to store your Bitcoins.
• Then you will have to create an account on the bitcoin broker company of your choice.
• After you are done with the account, just attach your credit card details, verify and you are good to go. Now, you can buy BTC directly with credit card.