Investing in cryptocurrencies like Bitcoin, ethereum and others has increased in the Peru in recent years; Thus, the use of these digital currencies increased by 13% and in the region it already amounts to 97%.
“Although the issue is becoming more widely known, investing in these currencies involves time and commissions in which people, if they do not do it properly, can lose up to 7%,” said Renzo Peche, country manager in Peru of Let’sBit, Argentine company for the purchase and sale of cryptocurrencies.
This is where the importance lies in users being able to identify how to generate higher returns, even automatically and on a daily basis.
For this reason, the firm offers three tips to invest and generate greater profitability with these virtual currencies:
– Choose the cryptocurrency: To start generating returns, users must choose between the different currencies that are offered and on which the service can be executed. Returns can be generated in Bitcoin, Ethereum and 13 other different cryptocurrencies.
– Plan a strategy: People can choose where to invest according to the investment strategy and the returns they want to generate. It is important to clarify that the interest rate varies depending on the chosen cryptocurrency. “In this way, users can generate returns on a daily basis in different cryptocurrencies that will be paid every day. When users choose a coin to invest in, they can see the composition of the coin, its expected return, and the risk that is allocated based on the size of the protocol,” he noted.
– Compare rates: it is relevant to know the market rates. Users can earn up to 19% per annum on some platforms, such as Let’sBit. In addition to the wide variety of currencies to choose from, there will be different types of DeFi (decentralized finance) protocols, with their respective rates to place the assets.
Likewise, it is necessary to work with platforms that allow all actions to be carried out in the same place: load balance, carry out operations and obtain greater performance.
Source: Larepublica
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