You probably think of stocks, currencies, commodities and bonds as the only things you can invest in and trade on stock markets. But don't be surprised or look at me so strangely when I tell you that cryptocurrencies have emerged very quickly to be traded on exchange markets around the world.

Cryptocurrencies are items with names like "bitcoin" and "etherium". They are digital currencies that are generated by a computer using a decentralised system to create a more stable currency. And the fact is that people around the world are getting rich with these cryptocurrencies.

Today, there are more than 984 digital currencies, with more entering the market every day. As most of them have higher and higher status, over and over again. And as they approach, they have become a breeding ground for traders to make extra millions.

But what is cryptocurrency

Cryptocurrencies are a set of digital numbers generated by computers. Their main purposes are to work as a channel of exchange using cryptography to create an environment that is more secure for transactions as well as to create additional units of digital currency. Cryptocurrencies provide a more secure level of anonymity because transactions are irreversible and cannot be counterfeited.

Cryptocurrencies use a decentralised system, unlike other currencies controlled by centralised banking and other financial institutions, the economic system and governments. A decentralised system means that digital currencies can be made available to anyone, as opposed to a centralised system that decides which customers want to open accounts.

The first cryptocurrency is bitcoin, which appeared in 2009 using blockchain technology. And as a new channel for digital money, cryptocurrency markets have been designed for small and large investors who can trade and make huge amounts of money from it.

What can I do to make millions from cryptocurrencies?

Cryptocurrencies are in many ways equivalent to bonds and stocks. That's why many of them trade at huge discounts, giving investors a great opportunity to get rich in the first place.

If you have savings, you'll be surprised at what this money can do for you. A few euros, dollars or cryptocurrencies in your home currency can make you a fortune. Neither brokers nor other intermediaries charge high commissions. There are no barriers to entering the market; It's simply amazing to make money every time you get the opportunity.By the way, many people still don't know where to look up the conversion of cryptocurrencies like BTC to USD or EUR. I've been in cryptocurrencies since 2015 and have always used the conversion website https://priceconverter.org/. They have about a hundred currency pairs on the site for conversion.

To trade cryptocurrency, you need to have some knowledge of various businesses, consumer supply and demand, and general economic trading at any given time.

This knowledge gives you a huge advantage over other first-time cryptocurrency traders, cryptocurrency miners and programmers. These traders focus on a small technological innovation that really helps them make a profit without having to think about how the currency works outside of the exchange market.

Why should newcomers trade bitcoins to become millionaires?

The first cryptocurrency was introduced in 2009; the electronic currency Bitcoin has allowed every trader to make millions. Using bitcoin, you can use it productively in two ways: trading or mining.

But bitcoin mining has become extremely difficult. The bitcoin pioneers designed it in such a way that it becomes increasingly difficult to mine over time. If you turn on your computer to mine bitcoins, it will get hot and very noisy. And if you are lucky enough to mine some bitcoins, you are more likely to spend more on electricity bills.

The most realistic way to make millions of bitcoins is to trade them on the most widely known exchanges. If you are the person who bought bitcoins in 2011 when they were selling at lower prices, you are making a huge profit today. At that time, 1 bitcoin was worth $10, but today 1 bitcoin is worth $2,800, and the $2,790 profit is worth it.

Bitcoin trading is risky because of its high fluctuating price, but with volatility there is opportunity. If you have the capital to trade, you can convert it into millions.

The reason I recommend bitcoin to newbies is that it has a lot of experience and it's not going anywhere. As mentioned earlier, it is of great benefit to traders because you can buy it in fractional parts and trade it with any other cryptocurrency around the world. Unlike other cryptocurrencies that come and go, bitcoin has been around since 2009. So you shouldn't worry if this is your first cryptocurrency.

It is important to note that bitcoin accounts for 50% of the cryptocurrency market and is therefore the most efficient currency today. However, you can start with etherium, the second best after bitcoin.