Cas Ii Assignment ON Investment in Cryptocurrency

CAS II ASSIGNMENT
ON
INVESTMENT IN
CRYPTOCURRENCY
M A D E B Y: S A N C H A L I G O R A I
ENROL. NO.: AJU/200882
S UBJ ECT: PRI NCI PLE S OF INVES TM ENT M ANAGEM ENT

WHAT IS CRYPTOCURRENCY?
ORIGINATION OF CRYPTOCURRENCY
CONTENTS: HOW TO INVEST IN CRYPTOCURRENCY?
SOME OTHER WAYS TO INVEST IN CRYPTOS?
BENEFITS OF INVESTING IN CRYPTOCURRENCY

WHAT IS CRYPTOCURRENCY?
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly

impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based
on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining
feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them
theoretically immune to government interference or manipulation.
ORIGINATION OF CRYPTOCURRENCY:
Cryptocurrencies first emerged in 2009 when the world’s first decentralised currency, Bitcoin, was created. The
core idea behind cryptocurrency was to create a decentralized exchange which is secure as well as an anonymous
way to transfer currency from one person to another. Initially created by a Software Developer with the pseudonym
Satoshi Nakamoto, to promote the anonymity of the currency, Satoshi Nakamoto had to develop something new,
this is when Blockchain, the digital ledger of Bitcoin transactions, was created. Ripple, a real – time gross
settlement system was introduced shortly after this. The currency itself is meant to enable the near instant and
direct transfer of money between two parties. Any type of currency can be exchanged, from fiat currency to gold,
to even airline miles. Such settlement systems claims to avoid fees and waiting time of traditional banking and
even cryptocurrency transactions through exchanges.
HOW TO INVEST IN CRYPTOCURRENCY:
The following are the steps to invest in cryptocurrency directly:
 Figure out a cryptocurrency exchange you want to use. Select any DCU of your choice. Some of the crypto exchanges in India are CoinDCX, Kuber, WazirX,
etc.
 Create an account with the cryptocurrency exchange. Get done with the KYC part and verify your identity to complete the registration process.
 Fund your account with fiat money. Fund your exchange account with another currency such as U.S. dollars.
 Decide which cryptocurrency you want to buy. Choose the cryptocurrencies you wish to invest in.
 Place a buy order for your chosen cryptocurrency. Follow the steps required by the exchange to submit and complete a buy order for one or more
cryptocurrencies.
 Store your cryptocurrency in a digital wallet. After your purchase is complete, the information you need to access your cryptocurrency is held in a digital wallet.
That crypto wallet can be hosted either by the cryptocurrency exchange or an independent wallet provider.
Some other ways to invest in crypto
other than "buy & hold":
Crypto Airdrops: There are over 20,000 cryptocurrency projects in existence, and new ones are coming up
every day. These new projects want to get you acquainted with their crypto tokens, so they give you some
for free. The process is called a crypto airdrop.
 Cloud mining: Cryptocurrencies such as Bitcoin, which use the proof-of-work consensus mechanism,
need to be mined. Miners once did this on their personal computers when the process was easy. However,
gone are those days, and miners now come together to mine and share the profits.
Crypto-staking: Stake crypto refers to the process of using your existing coins or tokens to support and
secure a blockchain network. This involves staking your coins in special wallets or staking pools, which
then help validate transactions on the network.
EASE IN TRANSACTING : Flexibility is more, and rigidity is less
here in the case of transactions of the Cryptocurrency. Moreover, most of
the DeFi platforms helps you keep your transaction data safe and secure
from the clutches of hackers. It helps to keep you updated all the time
about every single transaction you have made.
BENEFITS SENSE OF CONTROLLED OWNERSHIP: Investment in cryptos
OF CRYPTO keeps all your funds stay under your complete control and possession.
INVESTING: NO BOUNDARIES: Transacting in cryptos is not limited to a specific
territory or legislation.
HOWEVER, LIKE ANY OTHER INVESTMENTS IT ALSO

POSSESSES RISK FACTOR TO IT, MOSTLY IT IS CLAIMED TO BE
EXTREMELY RISKY INVESTMENTS.
THANK YOU!

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CAS II ASSIGNMENT

ENROL. NO.: AJU/200882

S UBJ ECT: PRI NCI PLE S OF INVES TM ENT M ANAGEM ENT

CONTENTS: HOW TO INVEST IN CRYPTOCURRENCY?

SOME OTHER WAYS TO INVEST IN CRYPTOS?

BENEFITS OF INVESTING IN CRYPTOCURRENCY

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly

HOWEVER, LIKE ANY OTHER INVESTMENTS IT ALSO

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