Bitcoin and other digital currencies have thrown the market into disarray. With high spikes in value and plummeting lows, cryptocurrency is extremely volatile, yet presents the opportunity for lucrative investments. People all around the globe are on the digital coin train. Find out about the top countries for Bitcoin-friendly investment with us.
We live in a time of uncertainty. The world has lived through one of the worst economic crises in modern history, which affected global markets on a grand scale. There is simply no longer the kind of certainty in any trading market that once existed 20 or 30 years ago.
Digital currency technology has brought about an innovative path to financial freedom, owned by everyone and not controlled by a centralised financial entity. The cryptocurrency market has loads to offer with multiple upsides from just a minimal investment. This has left authorities in various jurisdictions responding in different ways to the new frontier of digital currencies.
Digital coins in the United States of America
The USA is at the forefront of crypto technology. It is one of the world’s leading superpowers and known largely for its technological contributions to the modern world. It should come as no surprise that America is one of the top countries for bitcoin and digital currency investments, simply because they have adopted cryptocurrency technology and assimilated it into daily life seamlessly. The following features within the United States echo the fact that the country is an investment-friendly territory for Bitcoin.
The United States boasts the highest number of cryptocurrency users and Bitcoin trading volumes in the world. The industry has been given a major boost of confidence in the country, through numerous startups in Silicon Valley, which are all cryptocurrency and blockchain related. The States is also home to the highest number of Bitcoin ATMs on the planet, making it easy to invest, trade, sell and even withdraw your digital coins.
Digital currency in the United Kingdom
The United Kingdom has always adopted new technology, embracing digital currency is more than prevalent in the United Kingdom.This can be seen in local pubs, which already offer Bitcoin as an accepted payment method. Furthermore, there are numerous online and land-based establishments that accept digital currency for a host of payments.
It is also interesting to note that the United Kingdom, one of the world’s leading financial hubs, treats Bitcoin and digital currency in much the same way as the United States does. Digital coin is sectioned under “private money” and normal VAT rates apply to all cryptocurrency.
If you’re keen on investing in digital currency, like Bitcoin, then you can rest assured that the United Kingdom is not only digital coin friendly, the country embraces the technology. In so doing it is even improving the way its very own traditional banks work.
Good news for Bitcoin investors in Australia
Australia has always enjoyed making use of alternative technologies and practices. Her citizens love the online world of technology and have used online transacting services like e-wallets for many years now. When Bitcoin hit Australian shores, citizens were delighted but this joy was only short lived.
The government moved towards double taxation on the digital currency market and many Bitcoin/altcoin startups withdrew from the country. In a bold move, the government has altered its decisions regarding digital coin. There will no longer be a double taxation on cryptocurrency in Australia. This has restored faith in Australia as one of the top investment-friendly countries for Bitcoin/altcoins in the world.
Digital Currency Investments in South Africa
South Africa is home to exciting altcoin trader stocks and investments. If you’re keen on investing in the cryptocurrency market, South Africa embraces some of the finest online cryptocurrency trading platforms. The various platforms allow for an array of altcoin investments, which affords users with the opportunity to diversify their respective altcoin portfolios.
Online cryptocurrency trading platforms like Coindirect, Luno and Altcointrader are just a handful of reliable altcoin investment platforms. Coindirect offers South African users over 35 different digital currencies to invest in. This means that investors can diversify and grow their cryptocurrency portfolios quickly and efficiently. The platform also accepts South African Rands, trade in your own currency 24/7, from anywhere in the world.
The two biggest names in cryptocurrency at the moment, Bitcoin and Ethereum, are dominating the cryptocurrency market, with huge potential in 2018. If you are looking to get started with Bitcoin and Ethereum investments in South Africa, then Luno is perfect for you. The platform boasts an easy to use and navigate interface, with helpful information for new and seasoned investors alike.
Altcointrader is another South African friendly online trading platform. The cryptocurrency trading platform allows for a wide variety of crypto investments including, but not limited to Bitcoin, Litecoin, Ripple and more. The site affords users with a secure investment platform for daily cryptocurrency trading. Its informative outlay will also keep all investors up to date with the latest gains and losses within the cryptocurrency market.
There are plenty of countries adopting digital currency as a preferred transaction method. Digital coins are almost instantaneous when transferred, allowing for easy peer to peer transactions. Most cryptocurrencies are not mainstream in every country just yet, we are however seeing a slow transformation, whereby people are inclined to move away from banks and make use of digital currency. Some countries have adopted this mentality quicker, while others are still catching on.