In this article, let’s talk about Coinberry and why it’s one of the top crypto companies in Canada in 2022. We’ll also talk about the role of crypto trading platforms in making it fast and easy for customers to get started on buying Bitcoin, Ether, Cardano, Dogecoin, and other cryptocurrencies. In the final section of this article, the focus will be on the future of crypto.
What does a crypto trading platform do?
Because of the growing popularity and adoption of Bitcoin and other cryptocurrencies, more and more people now want to buy Bitcoin (BTC) and other cryptos for investment. However, beginners find it overwhelming to learn about cryptocurrency, blockchain, web3, and decentralized finance. Many beginners also find it difficult or intimidating to set up their physical crypto wallet where some technical know-how is required.
As a result, beginners take a lot of time to get started in crypto. It might take them weeks or months to get into the action and buy their first Bitcoin, even if their first purchase amounts to 50 CAD. A lot of time has passed, and they might have already missed out on huge opportunities that just happened days earlier.
To make buying and selling crypto easier and faster without knowing the technical details, beginners can directly use a crypto trading platform. Here, there’s no need to set up a crypto wallet and figure out how the blockchain works. Instead, beginners can buy crypto and figure out the technical details later if they still want to.
In other words, crypto trading platforms make it fast, direct, and easy to buy and sell crypto. Essentially, it’s just a matter of creating a new account (similar to signing up for a new email address) and funding it through e-Transfers. As a result, beginners can quickly get into action and better focus on analyzing market trends and crypto news.
We can think of a crypto trading platform as a marketplace with active buyers and sellers. Buyers and sellers benefit because they have overlapping needs and interests (e.g., one wants to buy more crypto, and another wants to sell it). The platform also usually benefits by charging a transaction fee to facilitate the transactions. There are also platforms that charge zero CAD deposit and withdrawal fees but instead earn money by buying discounted crypto on “wholesale” and then selling it in “retail” at listed prices. In this setup, both the customers and the platform earn money (and the customers get to buy more crypto because there are no deposit and withdrawal fees).
Which platform is best for crypto trading?
One such platform that allows customers to save money and get more out of crypto is Coinberry. They do not charge CAD deposits and withdrawal fees. Instead, they earn money by buying crypto at discounted rates from their network of liquidity providers and then reselling crypto at listed prices to the customers.
Aside from zero CAD deposit and withdrawal fees, Coinberry also makes it fast and easy to buy crypto for as little as 50 CAD to get started. With this speed, convenience, and minimal risk to start, many beginners have saved time and already moved on to exploring advanced topics on trends analysis and even blockchain development. The ease of signup in Coinberry and buying crypto has acted as a catalyst for beginners to dive into crypto and blockchain.
Trust, security, peace of mind
Technical details, as well as worries about security, have intimidated many beginners from buying crypto. After all, they’re putting money on the line and also worried about giving their personal information. As a result, it’s important for beginners to choose a trusted and secure platform where they can buy Bitcoin, Dogecoin, Cardano, Ethereum, and other cryptocurrencies.
Coinberry is the only insured, OSC & FINTRAC registered, and PIPEDA compliant crypto trading platform trusted by Canadian municipalities. With those registrations and compliance, beginners gain peace of mind from signup to their first crypto transaction. They know that their personal information and money are in safe hands. With fewer things to worry about, customers can better focus on deciding which cryptocurrency to buy, hold, and sell. They will also have more time and mental energy to read the latest crypto, decentralized finance, and blockchain developments. They can easily think about something else important such as their careers or business because crypto and security are already taken care of.
Future of crypto
Right now, you might still have doubts about whether to buy crypto or move on to something else. To address your doubts and see if it’s still worth investing in, you can continue reading and know where crypto is possibly headed.
First, cryptocurrency and blockchain are still in their early stages and undergoing rapid development. No one knows for sure the blockchain’s full potential and if Bitcoin or any other cryptocurrency can and should replace traditional money. The Bitcoin technology and market will take years or even decades to mature. While waiting for its maturity, its price will remain highly volatile and can be drastically affected even by relatively small events.
Second, because of the high volume of transactions happening in cryptocurrencies and the huge market capitalizations of major cryptos, expect more action and intervention from the government. One reason for this is taxation. Another is to protect customers from massive fraud and prevent large-scale crimes, such as when cryptocurrency is used to finance illegal activities.
The future is always uncertain; like starting a business or investing in stocks or real estate, the risks are always present. There’s no guarantee of profit; whenever you invest in crypto, it helps to analyze the costs, risks, and potential benefits before investing significant sums of money.
Thankfully, you can always start small anytime and learn more along the way. In the first few weeks or months, a small investment is enough to fuel your enthusiasm for crypto and learn the ins and outs of the market. With Coinberry, you can start for as low as 50 CAD; from there, you can learn more about cryptocurrencies.