- Posted April 2, 2014 by
This iReport is part of an assignment:
Trading Crypto-Currency Online with Virtual Currency Auctions
Virtual currencies are being featured as among the most actively traded currencies on the internet today. Trading unregulated currency has close similarities to trading forex online which shows that it has a natural progression for nonpolitical internet currencies. More and more consumers of today are using the unregulated currencies for gaming, as gaming becomes more mainstream as well as a secondary trading platform.
An Introduction to Virtual Currency
Bitcoin is the first virtual currency that was proposed by a programmer, Satosji Nakamoto, in November of 2008. It is a new smart digital crypto-currency that was designed to be anonymous, unforgeable and electronically transmitted. There are many other digital coins available now, called altcoins. Unlike other forms of currency, Bitcoin and its successors are not regulated.
Through the years since its launch online, Bitcoin has been gaining popularity among consumers, businesses as well as online traders. This virtual currency has gained acceptance as a method of payment online and it also continues to attract more venture capital investors in the industry today.
There are now different virtual currency platforms that exist online, providing people a new way to trade online using digital currencies. Most of the Bitcoin investors of today are hedge-fund managers who trade not with their cash but their own money.
Why Join Virtual Currency Trading?
Many online traders today take part in virtual currency auctions, the most active platform being eBay. Consumers of today are bombarded with digital currency as never before and virtual currency auction platforms like VCA are now taking part in this form of secondary trading. They help currency issuers and game companies avoid the fraud problems associated in participating in unsanctioned trading and help them profit from their trading online.
VCA is a secure Bitcoin payment processor as well as conventional payments processor trading platform that provides tools for auction traders online. VCA enables traders to access the best prices and helps them improve their trading ability using their secure account platform. This virtual trading platform is not just created and designed for pro traders but also for novice traders who are new to Bitcoin or virtual currency. It has a user friendly platform, gives the competitive features and fees for virtual currency traders. Trading virtual currency in an auction style online is made easier, faster and safer with the help of an innovative trading site such as virtual currency auctions.