Crypto is a digital currency that can be used to buy products and services online. Because it's a currency, people also invest in it. Like with any investment: when the value goes up, beyond the price you originally bought at, you make a profit. When it goes below that, you make a loss.
Why invest in Crypto?
Some Crypto supporters see Crypto as a profitable future currency that is going to increase in value over time. Some like the fact that crypto is bought and sold using decentralized technology and isn’t controlled by a bank. And some are just looking for a way to make quick money when the odds are in their favour.
Is Crypto risky?
Investing in Cryptocurrency is very speculative. It doesn’t work the same way as a company where you can get a sense of the value based on factors like cash flow, leadership or profit. So whether or not you make a profit depends on how willing someone is to pay more for a particular cryptocurrency than you did.
Crypto is also very volatile, so you need to know that you're in for a higher risk ride.
What is the EC10?
The EC10 is a crypto bundle containing the top 10 cryptocurrencies weighted by market capitalization. Because there are 10 different crypto currencies inside it, it makes this a diversified investment and helps offset some of the risk you could be facing by investing in one particular cryptocurrency alone.
Individual crypto coins
If you’re looking to invest in individual crypto coins or a wider variety of themed bundles you can do this by activating your EasyCrypto account on the platform. Here you’ll be able to invest in different bundles as well as coins like Bitcoin and Etherium with whatever amount you’ve got.
Activate your EasyCrypto account in a few easy steps:
- Log in to your EasyEquities account
- Click on your profile menu (top right) and select Account Management
- Select Activate New Accounts
- Select EasyCrypto
Or register a new account
If you don’t yet have an EasyEquities account but you want access to EasyCrypto, you can also register an account there directly here.
Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by an employee of EasyEquities an authorised FSP (FSP no 22588) as general market commentary and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information (i) contained within this research and (ii) received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.
