How Much Do You Need to Invest in Cryptocurrency?

Considering the number of crypto exchange transactions that take place daily, it is safe to say that digital currency exchange is an extremely lucrative business. According to Statistica, for example, six cryptocurrencies alone recorded 1,264, 120 as the average number of daily transactions in the second quarter of 2020. The currencies in question were namely; Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Dash, and Monera. It implies that more than 1.2 million people are trading in these currencies daily as of the above period.

With more than one million average daily transactions, there is no getting away from the fact that the virtual currency exchange sector is so lucrative that it pumps billions of dollars into the economy every year.

How Much Do You Need to Start a Crypto Exchange Business?

If you are reading this, chances are that you wonder how much do you need to start a crypto exchange business. If that’s right, you need to realize that there is no hard and fast answer. You can invest any amount but keep in mind that the more money you will put in, the greater the return on investment (ROI) you will get.

Final Thoughts

Digital currencies have very high returns on investment, which vary though. According to the Block Chain news website, the above virtual currencies have the ROI as follows; 

Ethereum(4622.6%), Bitcoin(4698.3%), Litecoin(809.2%), Dash(25457.0%) and Monero(1798.8%). It means that, if you invest $1000 in Ethereum, you should expect to make $46,226, making a profit of $45, 226. If you invest $10,000 instead in the same crypto, you’ll make $462, 260–a whopping $461, 260 in terms of profit!

You can invest any amount, keeping in mind that the more dollars you invest, the bigger the profit you make.

By Errole

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