What is Cryptocurrency? Learn how to trade Bitcoin, Ethereum ETF in Hong Kong
Virtual Assets (Virtual Assets) have gained attention in the financial world in recent years, reflecting the world's outlook on money and trading. Not to mention that Bitcoin and Ethereum are other cryptocurrencies (Cryptocurrency), because of their transparency, reputation and high efficiency of transfer accounts, they attract the attention of countless investors. In Hong Kong, Trading Cryptos and Virtual Cryptos and Virtual Assets AssetsETF is not just a new investment choice, it is more about Invest ETFs not just a new investment choice, it is a new trend in Financial TechNixiangMilakeFintech Index. This article details the Fundamental Concepts of Cryptocurrencies and provides practical lessons on How to Trade Crypto and Bitcoin Bitcoin ETFs in Hong Kong.
What are Cryptos?
CryptosIt is one of the types of virtual assets, which is based on blockchain technology to record all transactions and use cryptographic technology to secure transactions, control the generation and verify the transfer of new assets. Unlike traditional MMFs, cryptocurrencies are decentralized and not controlled by governments or Financial Institutions. This means that Cryptos Trade is co-protected by globally distributed terminals, not managed by Central Institutions.
Difference Between Cryptos and Regulatory MMFs
Cryptos | Statutory MMF | |
definitions | Secure Digital Currency Using Crypto Based Blockchain Technology | Government-issued and regulatory-contracted MMFs |
Technology Basics | Fully Centralized, Not Controlled by Any Central Institutions, Shared Maintenance with Distributed Networks | Centralized system of control and management by the Central Bank |
Practical Application | From Central Financing (DeFi), Non-Synthetic Currency (NFT), Cross Payments, Online Trade, etc. | Daily Trade, Payroll Payment, Tax, Savings, Investment etc. |
Scope of use | There are no borders and can be used by anyone with a network and a digital wallet. | Generally for use in the issuing country or region, it can be exchanged via the Forex market. |
Representative Examples | Bitcoin (Bitcoin), Ethereum, etc. | Renminbi (CNY), Hong Kong Dollar (HKD), US Dollar (USD), etc |
The Operating Principle Behind Cryptos Technology
Blockchain Technology
Cryptocurrency Blockchain (Blockchain) Technology Operations. Zone blockchain is a distributed proprietary technology (DLT) that is shared and maintained by the network. Traits include centralization, immutability, transparency, and notoriety. Centralized Low Cost and Increased Efficiency, Improves Integrity of Data, Transparency Increases Trade Openness, and Privacy of Users is Namely Protected.
Encryption technology
Crypto Technology is the Key to Trade Security and Data Integrity. Each Trade must be encrypted and recorded in blocks, which are linked together in a sequence of time, forming a chain that cannot be changed. Any attempts to change the behavior of individual blocks are detected and isolated at other points in order to ensure the integrity of data and the security of user privacy.
Mining Mechanism
The mining mechanism is a verification zone for blockchain trading and the addition of new coins, an important component of the cryptocurrency ecosystem, ensuring the security and centralization of cryptocurrencies based on the Proof of Work, PoW) sharing mechanism of Bitcoin. Mining refers to using computational power to solve complex mathematical problems to verify and add new Trades to the regional blockchain. Miners who solve problems receive newly created Cryptos as a reward, which not only encourages miners to engage in network maintenance, but also ensures the efficiency and security of Trade.
Characteristics of Cryptos
Decentralized: Cryptos do not operate outside the control of governments or Financial Institutions.
Open Transparency: All Trade Information News Public Record is in the Zone Block, Anyone Can Enquire at Any Time, Enhance the Open Record in the Zone Blockchain, Anyone Can Inquire at Any Time, Increase the Transparency of Trade Trade.
Identification: Powerful crypto technology protects the security and reputation of your trade, showing only a public address so that it is not easy to track your identity.
Cannot be changed: Once the trade is completed, it cannot be reversed, it can not be traded with the legal MMF, it cannot be traded in the same way, it cannot be canceled through the Bank Bank.
Globalization: Cryptocurrencies are borderless and can be traded globally with Internet access, without the need for traditional Financial Institutions.
High Efficiency Low Cost: Cryptos transfer speed, low cost, 24/7 service for increased transfer efficiency and convenience.
Top Cryptos
Expired in June 2024, more than 10,000 Cryptos are currently in circulation. If you are starting to enter the investment world of virtual currencies, due to the high risk of new currency listings on the market, you can consider the entry of cryptocurrencies that are ahead of the market cap to reduce the time to invest. Below are the 3 cryptocurrencies with the highest Market Cap as of June 2024:
Bitcoin (Bitcoin)
$ Bitcoin (BTC.CC)$ It is the world's first issued cryptocurrency, created in 2008, with a total cap of $21 million, and its Market Cap and Approval is far higher than other cryptocurrencies.
Ethereum
$ Ether (ETH.CC) $ ETH, which trades only in volume than Bitcoin, is the second highest Cryptos in the Global Circulation and Market Cap. Since there is no upper limit to the amount of coins issued, the other prices are lower relative to Bitcoin.
Tether (USDT)
Digital Assets that are tied to the USD, the cryptocurrencies that are issued have the corresponding USD reserve support and are stored in specific bank accounts to reduce the price of cryptocurrencies, known as stablecoins.
Bitcoin BitcoinStoreETF
Cryptos are available where Bitcoin is directly purchased and holds virtual assets, the price of the assets will change depending on gains or losses. As of June 19, 2024, Bitcoin's price held high at $65,069*, while Bitcoin Stock ETFs track FundsFunds track the price performance of BitcoinBitcoin or the index. Investors can follow the price of BitcoinBitcoinBitcoin or the index, and investors can follow the lower price and follow BitcoinBitcoinBitcoin Or the index's price shows, investors can buy Buy at a relatively low price, hold Bitcoin or the index's price, investors can buy Buy at a relatively low price, have fund funds numbers, and non-direct have virtual, have fund funds numbers, and even non-direct Owns Virtual Asset Assets. As of July 11, 2024, the highest performing Bitcoin Futures ETFs in the Hong Kong and US equity markets are Washington Bitcoin (03042) and Grayscale Bitcoin Trust (GBTC)*.
*GBTC is only available for professional investors
Other Cryptos ETFs
The Hong Kong stock market deletes the Bitcoin supply, except ETF, etc.Bitcoin, Bitcoin Futures ETFThis type of ETF is the tracking of Cryptocurrency Futures contracts traded on the market, Current Contracts, Current Asset AssetsModel Highest Modular Cryptocurrency Crypto Futures Futures Futures for the US Stock Market ProShares Bitcoin Futures FutureSetF for the US Stock Market Bitcoin StrategyStrategy ETF(BITO)to reach $2.315 billion. As of 23 July 2024, the US Securities Exchange Commission (SEC) was approved to be listed on the US stock market. Professional investors are required to be certified by professional investors to invest in cryptocurrencies listed in the United States in Hong Kong.
Trading Cryptocurrencies Trade Time
The Cryptos live market currently supports 7x24 hour Trade Buy and Sell with no market breaks.
The Meaning of Cryptos Mining
You may have heard of the Cryptos Market Crash, which indicates that investors' expansion account funds are not enough to hold the trades we hold, resulting in the market consolidating the market and causing investors to suffer significant losses. This situation usually occurs when investors trade using leverage, because the risk is greater.
To mitigate this risk, investors can choose to hold live assets such as Bitcoin (BTC and Ethereum/ETH) directly in cash, so that they are safe and secure, without risking a default.
Investing in the Cryptos market can only be more stable with the right investment strategy and risk management.
How to Invest in Cryptos?
1. Direct Ownership of Cryptos
2. Bitcoin, Bitcoin, Futures or Futures ETF on the Hong Kong and US Markets
The US election is in last place! How much opportunity does the Hong Kong stock market have for Bitcoin to return to historic highs?
3. Crypto Concept Stocks
Bitcoin is close to $0.07 million! MicroStrategy's year-on-year growth reaches a new high of 240 per cent on Creative Disk
How to Trade Cryptos in Hong Kong?
FutureSecurities Provides Virtual Assets Trading Trade Services for Hong Kong Securities Licensed Institutions, One-Stop Services for Trading TradeCryptocurrencies Cryptos, Cryptocurrency Cryptos, Cryptocurrency CryptosetFs, Cryptocurrency CryptosetFs, Cryptocurrency CryptosetFs, CryptoCurrency CryptosetFs, and Others Cryptos Futures ETF, Futures Futures ETF and Related Concept Shares. When trading, Futu offers CFD transactions, users need to buy USDT and can directly buy Bitcoin and BTC in USD using HKD or USD.
If you know that cryptocurrencies do not have a future ahead, do not miss the first step in Futu, explore the world of cryptocurrencies and trade virtual MMFs! Let's start now,LEARN MORE ABOUT DIVE INVESTMENT OPPORTUNITIES IN THE VIRTUAL MMF MARKET>>
^Offer subject to terms and conditions
Futu Launches BTC, ETH, USDT Replenishment Features
Futu has launched Bitcoin (BTC), ETH (ETH), Tether (USDT) * remittance services. Qualified investors complete coins through Futubull, trade Cryptocurrencies Cryptos after receiving funds, can invest more Cryptos after obtaining funds, can invest in more Asset Types or Security Withdrawals after obtaining funds. Investors can trade Crypto+TradFi Assets (Traditional Financial Assets, including Hong Kong, US and Securities, Options, ETFs, Funds, Bonds etc.) through a live APP. Quickly convert assets in virtual and traditional asset markets to drive market momentum, COW PUMPKIN.
* Professional Investors (PI) only.
How Do Cryptos Top Up?
Click “Account”, select “All - Cryptos - Cash”, the total amount of recharges displayed in the system and the system generated currency address. Use your existing personal cryptocurrency wallet to deposit the coin verification certificate. Check-in time is usually within 24 hours.
How to Trade Cryptocurrency Cryptos with Futu?
Here are the steps to buy Cryptos with Futubull:
Once opened, turn on the Crypto Trading feature, go to the Account page, click on the “Cash on Account” tab, and open more advanced account management, activate the trading variety instantly, and then select “Cryptos” until it stops working.
Before starting a Cryptos account, it is necessary to conduct a Virtual Assets Risk Assessment, a Virtual Asset Holding Position Limit Assessment, a Virtual Asset Asset Holding Position Rating, a Virtual Asset Asset Asset Assessment, and an Identity Verification. After submitting the application, it is about 5 minutes left and right, and the successful start will receive messages and messages.
Before Trading Cryptocurrency Cryptos, please deposit funds into Cryptos Account in advance and deposit funds into Cryptos Cryptos Account in advance. Go to the Account page, click on Cash Combo Account - Cryptos, select Balance Funds or Deposit Funds, select Ambient Currency Type and Input Amount again to Trade After Account.
Enter the Cryptos section, select the currency that offers the trade, click on the bottom left corner “Trade”, and you can start selling. (How to Trade Cryptocurrencies on Futubull)
If you are interested in investing in cryptocurrency ETFs, please search for more cryptocurrency ETFs in the search box. You can also find out the Asset Modeling and Fundamentals of each ETF on the ETF Funds page, such as management fees, information policies, and investment solution references.
