English cryptocurrency

Ole
28.09.2021
128 Views
Great Britain cryptocurrency

If you are interested in cryptocurrency trading, you may know that there are many different variants of the digital currency type. Bitcoin, Ethereum and Ripple are just some of the more well-known types.

However, the English cryptocurrency is not very common to recover. In this guide, we will take a closer look at the Norwegian cryptocurrency, and what opportunities there are!

Brits love cryptocurrency

English cryptocurrencyBrits have really opened their eyes to cryptocurrency in recent years. According to the Tax Administration, it is estimated that around 190,000 to 235,000 people in Great Britain trade in cryptocurrency.

This is a relatively large proportion of the population, considering that there are only around 5 million people living in the country. Since many Norwegians are interested in the digital currency, many also wonder if there is a Norwegian cryptocurrency.

Is there a Norwegian cryptocurrency?

Yes, if we use the founder of the currency as a basis, there has been a Norwegian cryptocurrency. In 2015, David Sønstebø – together with, among others, Sergey Ivancheglo, Serguei Popov and Dominik Schiener – began work on creating the cryptocurrency IOTA .

In other words, IOTA was a partly Norwegian cryptocurrency, and in 2017 the cryptocurrency was launched after a couple of years of work. The response was massive, and at one point the currency IOTA was worth a staggering 78 billion NOK.

IOTA / MIOTA

IOTA can be described as a ledger distributed with open source code, and was a cryptocurrency designed for IoT (internet of things). The currency was popular when it was launched, but in February 2020, IOTA was discontinued.

This is because reports were received suggesting that hackers had managed to steal financial resources from IOTA users’ digital wallets.

Many alternatives to the Norwegian cryptocurrency

Although the Norwegian cryptocurrency is difficult to recover, there are a number of good alternatives to IOTA. Many Norwegians, for example, invest in well-known cryptocurrencies such as Bitcoin, Ripple and Dogecoin.

Let’s take a closer look at the different options available on crypto exchanges.

Bitcoin and Bitcoin Cash

Not surprisingly, Bitcoin (BTC) is undoubtedly the most well-known form of cryptocurrency, and was also the first type of cryptocurrency to be launched. Bitcoin came on the market in 2008, launched by Satoshi Nakamoto .

The digital currency was created on a decentralized network, and is not affiliated with any central bank. Bitcoin was the first form of cryptocurrency and introduced a so-called blockchain. This can be considered as a distributed database with a peer-to-peer network of nodes .

In the blockchain, all transactions are logged, and security is ensured by means of cryptography. Bitcoins can only be used by the person who owns the currency. The funds can be stored in a digital BTC wallet.

Since Bitcoin was launched, Bitcoin Cash has also been launched, which will ensure even faster and easier transfers.

Blockchain

Blockchain

Ethereum

Another alternative to the Norwegian cryptocurrency is Ethereum. Ethereum is a cryptocurrency network formed by Ripple Labs Inc. in 2012. Ripple is, like Bitcoin, based on an open source protocol.

Ethereum supports both cryptocurrency and fiat (traditional currency). This form of cryptocurrency is a good choice for you who are looking for lightning fast solutions.

Dogecoin

Dogecoin is a cryptocurrency that has derived from Litecoin. This type of cryptocurrency was launched in 2013, and has compared with a number of other cryptocurrencies rapid coin production.

Dogecoin was developed by IBM engineer and developer Billy Markus from Oregon.

Why is there hardly any Norwegian cryptocurrency?

English cryptocurrency is not common, and this is probably due to the fact that there are very many developers worldwide. It takes a lot to get through the “needle eye” and strike internationally with a new cryptocurrency.

The population of Great Britain is relatively low, which reduces the chance that a Norwegian cryptocurrency will be realized.

Where can Norwegians trade cryptocurrency?

[etoro]

Even though there is not much Norwegian cryptocurrency on the market, Norwegians can still trade cryptocurrencies. There are many user-friendly platforms and crypto exchanges where you can buy, store and sell cryptocurrencies.

Getting started is pretty easy. First, select a marketplace (platform) for buying cryptocurrency , and create a user profile there. Then you just need to make a deposit before you can buy the cryptocurrency of your choice.

With most trading platforms, one can choose from a number of different cryptocurrencies, including the above. Here are some of the platforms you can check out if you are considering buying or trading cryptocurrency:

  • eToro
  • Firi / MiraiEx
  • Norwegian Block Exchange (Norwegian crypto exchange)

Is it difficult to start crypto-trading?

No, on the contrary, it’s easy to get started! At crypto exchanges such as eToro, you can trade cryptocurrencies without knowing much about the subject beforehand. You can in fact take advantage of so-called copy trading, and easily copy other crypto-traders who know what they are doing.

Even Norwegians who are completely inexperienced can trade cryptocurrency if they benefit from copy trading. If you choose a simple and user-friendly trading platform, you will soon learn how to proceed on your own as well.

Buy cryptocurrency in Great Britain online

Brits who want to start trading cryptocurrency are faced with many options. English cryptocurrency is not very common to recover, although variants such as IOTA have existed. However, you can buy everything from Bitcoin and Ethereum, to Dogecoin.

To get started, you just need to find an online trading platform. We recommend that you choose a platform that has been approved by Finanstilsynet in Great Britain . An example of such a platform is eToro.

 

Find a cryptocurrency trading platform today and give it a try!

FAQ

[sc_fs_multi_faq headline-0=”h2″ question-0=”Hva er kryptovaluta?” answer-0=”Kryptovaluta kan betraktes som et virtuelt og digitalt aktivum, og er designet for å bære lettomsettelig. Det tas i bruk kryptografi for sikring, kontroll og verifisering av valutaen.” image-0=”” headline-1=”h2″ question-1=”Er det risikabelt å kjøpe kryptovaluta?” answer-1=”Dersom du kjøper kryptovaluta i håp om å tjene penger på investeringen, er det nokså risikofylt. Kryptovaluta kan nemlig svinge mye i verdi – noe som kan gå begge veier.” image-1=”” headline-2=”h2″ question-2=”Er det lov å kjøpe kryptovaluta i Norge?” answer-2=”Ja, det er lovlig både å kjøpe og selge kryptovaluta i Norge. Det anbefales dog at man velger en kryptoplattform som er registrert hos Finanstilsynet, da dette er det sikreste.” image-2=”” count=”3″ html=”true” css_class=””]

Author Ole

Ole jobber som freelance forfatter/skribent, men er også med på vårt team. Han har hatt en interesse for krypto i flere år og det er naturlig for han å opplyse andre om denne fantastiske teknologien. Ole sier selv at å skrive om kryptovaluta ikke er en jobb, men en lidenskap! For oss kan det jo ikke bli bedre!