From bitcoin to blockchain, NFT’s to mining, we get it—the world of cryptocurrency can be intimidating for us mere mortals. However, if house goals seem out of reach, and you’re already into shares, we’ve found a way to help you get on board the crypto trend with minimal effort.
Enter Zipmex, a game-changing cryptocurrency app that just landed in Australia. Placing the financial power in your pocket, they’re all about making crypto easier, and you can get started with as little as $1.
Here’s the tea on what you need to know to get started in crypto.
Breaking Down Crypto Basics
In plain speak, a cryptocurrency is basically digital money. Instead of being made up of coins or notes, crypto uses digital files as their form of dollar bills.
But what’s really cool about crypto is the tech. The files are created using a cryptography method, which secures your info to the highest degree by encoding and decoding data. Basically, you and you alone have total control and freedom over your (crypto) coin.
So, Why Should You Care?
Here’s the thing, crypto is to government currency (like the Australian dollar) what Netflix is to DVDs. Think about it—DVDs are so outdated, they’re hard to use, you have to have a DVD player, it takes months to even buy your favourite film because of all the middlemen involved.
Similarly, things like cash and banking systems have seen better days. Everybody wants a percentage of your coin in their pocket along the way, it’s tied to the red tape of a banking institution or government and it’s not easily accessible by people in more difficult financial situations.
Crypto is here to break down these barriers. The whole point of cryptocurrency is to put the power in the hands of the people. It follows a 'decentralized control' approach, meaning it’s not managed by one entity, person or country.
And when it comes to making sure things are secure, safe and authentic, the crypto-nerds have you covered. You use what’s called a ‘digital signature’ to ensure that your transactions are verified and safe, and all transactions go through a ‘digital ledger’ like a blockchain. This is simply a peer-to-peer transaction database, where each transaction is recorded as a block of data and added to a chain.
How To Get On Board The Crypto Trend
It’s fair to say that up until recent years, getting into crypto has been a bit too much life admin. Back in the OG Bitcoin days, you could only create the currency by ‘mining’ it, otherwise known as a grunty computer solving some complex digital problems. We can’t even solve the love triangles on Love Island, so it’s a hard no to mining from us.
On the upside, these days you can just buy crypto assets on your phone for as little as $1 through apps like Zipmex. Download the app on IOS or Android to register and top up your account. It’s seriously that easy. Zipmex has low trading fees, a 24/7 support crew on the ground in Australia and helps you level-up on crypto with their expert tips and tricks.
Plus, when you get started on Zipmex and bank your first $250 worth of digital assets, you’ll go in the draw to win one of three Bitcoins. With one winner being drawn at the end of July, August and September, get on it stat. Peep the details on this epic competition here.
Anyone can get started on building their investment portfolio anywhere, anytime with Zipmex. Download the app on IOS or Android to buy, sell and earn interest on digital assets in just a few easy taps.
Editor’s note: This article is sponsored by Zipmex and proudly endorsed by Urban List. To find out more about who we work with and why read our editorial policy here.