Bitcoin Investment is the future

Below are frequently asked questions from our users;

WHAT IS CRYPTOCURRENCY?

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on a technology called blockchain, a decentralized ledger that records all transactions. Unlike traditional currencies, cryptocurrencies are not controlled by any central authority.

HOW DO I GET STARTED WITH CRYPTOCURRENCY INVESTMENT?

To get started, create an account on FXBINGO.COM and begin by learning the basics of cryptocurrency. Start with a small investment, choose a reputable exchange, and consider diversifying your portfolio to spread risk. Stay informed about market trends and use secure wallets for storage.

ARE CRYPTOCURRENCIES SAFE TO INVEST IN?

Cryptocurrencies offer both opportunities and risks. While they can provide significant returns, they are also known for price volatility. To enhance safety, use reputable exchanges, enable two-factor authentication (2FA), and practice strong security measures.

WHAT IS A CRYPTOCURRENCY WALLET?

A cryptocurrency wallet is a digital tool that allows you to store, send, and receive cryptocurrencies. There are various types of wallets, including software wallets, hardware wallets, and paper wallets, each with its own advantages and security considerations.

WHY MIGHT SOMEONE WANT TO INVEST IN CRYPTOCURRENCY?

Cryptocurrencies are digital assets that offer potential benefits like greater control over your finances, increased transparency, and enhanced security compared to traditional fiat currencies. They can be seen as an alternative to traditional financial systems, especially during times of economic uncertainty.

Some investors also see crypto as a potential way to diversify their portfolios and participate in a growing asset class. Different cryptocurrencies have different uses – for example, Bitcoin is designed to be a digital currency, while Ethereum is a platform for building decentralized applications, and Solana offers fast, low-cost transactions for decentralized apps. 

WHAT ARE THE BENEFITS OF INVESTING IN PURPOSE CRYPTO FUNDS?

Purpose crypto funds offer a convenient and secure way to invest in Bitcoin, Ether, and SOL without the complexities of directly owning and managing crypto. Unlike some crypto investments, our funds are physically settled, meaning we actually hold the Bitcoin, Ether, and SOL you invest in. This provides greater transparency and security. You don't need to set up a digital wallet, worry about private keys, or manage on-chain assets.

Our funds are also available within registered accounts like RRSPs, TFSAs, and RESPs, offering potential tax advantages. We handle the custody and security, so you can focus on your investment goals. 

HOW DO YOU KEEP CRYPTO INVESTMENTS SECURE?

All Purpose crypto funds are safeguarded by industry-leading custodians FXBINGO. Both are licensed New York State trust companies subject to rigorous regulatory examinations, cybersecurity audits, and ongoing compliance checks.  

For daily asset management, Purpose employs secure offline cold storage solutions, significantly mitigating the risk of unauthorized access or theft.