Global Cryptocurrency Investment - Frequently Asked Questions
Global Cryptocurrency Investment is a licensed and regulated broker headquartered in Edinburgh, UK.
We are involved in Cryptocurrency trading, Forex trading, and Binary options trading on a very large scale.
A binary option is a trade with two possible outcomes, based on an asset, where the price, expiration, and payout are fixed at the start of the contract.
Cryptocurrency, is a decentralized digital currency that can be exchanged directly from peer to peer.
Some of the advantages of using cryptocurrency is that purchases can be made without any middle men or transaction fees and can be made anonymously.
It's a digital form of cash flow. You could use your own bank account as an example. You can go to the bank and take out coins and bills, of which there is a limited number. Money is all about a verified entry in some kind of database of accounts, balances and transactions.
Only "miners" of the cryptocurrency can confirm transactions, though in principle, everyone can be a miner. But the miner's job in the cryptocurrency environment is to take transactions and verify them. By providing this service, miners get rewarded with digital tokens.
The foreign exchange market (Forex or FX) is a market where participants buy, sell, exchange and speculate on currencies. In particular, it consists of trading one currency for another, example: EUR/USD. This means trading the Euro against the US dollar. Forex is the largest and most liquid financial market in the world, with an average daily turnover in the trillions. Trading foreign exchange may have various advantages because of its transparency, direct dealing, significant trading volumes, extreme liquidity and the great number of participants in the market including governments, central banks, banks, financial institutions, corporations, private investors, etc.