What to Know About Cryptocurrency Before Trying It Out

Recently, cryptocurrency and blockchain technology have become increasingly popular, and this has stirred the curiosity of the general public. But as with any field, it is always crucial to conduct a background study to further understand what one may get into.

Here we share a few tips on what you should know about cryptocurrency before adopting them.

If one is looking to invest in cryptocurrency, they may simply buy the coin. If a person is unsure as to which currency to invest in, the best option is to look into a currency that has a greater adoption rate or facilities which allow you to use the specific currency.

• They are volatile

Cryptocurrencies are volatile and can increase or decrease in value in an instant.  Bitcoin is a perfect example of this -  it has gone through several highs and lows. But of course, it has grown steadily over the years, ballooning to over $5,000 USD per coin in less than a decade.

• Are they legal?

Governments around the world have begun regulating how cryptocurrency may be used, akin to how money laundering and anti-terrorism financing laws exist. Most jurisdictions view cryptocurrencies akin to precious metals, therefore viewing them as commodities which may not be regulated. Some authorities on the other hand view them as properties or assets and impose taxes on individuals owning or mining them as an income or capital gain.

As with fiat currency, cryptocurrencies have their own benefits and risks.

Everus, a Malaysian born company co-founded by Srinivas Oddati and Alexander Johnson, is looking to accelerate mainstream adoption of cryptocurrencies by focusing on the development of cryptocurrency commerce (C-Commerce) and providing several facilities using their resident cryptocurrency, EVRs. To achieve this they conceptualized the Everus World – an integrated, multi-vertical commercial and financial ecosystem that offers its users services such as remittance, payments, online shopping, location-based services, peer-to-peer microfinance and trading.

Contact us:

Everus Technologies Sdn Bhd

Level 23A, The Ascent Paradigm,

No 1, Jalan SS7/26A, Kelana Jaya,

47301 Petaling Jaya,

Selangor D.E., MALAYSIA.

PHONE: +603 – 7890 0011

EMAIL: info@everus.org

Website - https://everus.org/

Find Everus on FB, Twitter, Instagram, Github: everusworld

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