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What is a Finexbox Account?
FinexBox is a P2P crypto-products trading platform.
FinexBox and the mobile apps issued under FinexBox are wholly owned and operated by subsidiary company of FINEXBOX GROUP LIMITED,(no relationship with BITMEX), a Republic of Seychelles incorporated entity or its relevant authorized affiliates.
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Can cryptocurrency be converted to cash?
The first method to convert any cryptocurrency into cash is through an exchange or a broker, this is quite similar to the currency exchange system at airports of a foreign country. Transfer your Bitcoins to the exchange that supports buying and selling in INR.
How much money do you need to start trading cryptocurrency?
Some brokers even let you start trading with a minimum of $50. If you start trading small, make sure you aren’t using margin or leverage to increase your trading power. Leverage is one of those incredibly risky tools that’s projected as an opportunity.
Is crypto real money?
Cryptocurrencies may go up in value, but many investors see them as mere speculations, not real investments. … Just like real currencies, cryptocurrencies generate no cash flow, so for you to profit, someone has to pay more for the currency than you did.
Is it safe to invest in Bitcoin?
The money you put into Bitcoin is not safe from value fluctuations. Bitcoin is a volatile investment. If you’re looking for a “safe” investment with guaranteed returns, then don’t invest in Bitcoin — or any cryptocurrencies for that matter.
How do you know if you have a good Cryptocurrency?
A good strategy in cryptocurrencies is to have an 80/20 or 70/30 ratio. 80% or 70% (the bulk) of your cryptocurrency investments should be put in established coins like Bitcoin and Ethereum. This amount should be kept and held by you; do not trade it unless you know what you’re doing.
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