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Maidsafecoin (MAID) - All you need to know
Ways to invest in MaidSafeCoin
The first thing you need to be aware of when investing in MaidSafeCoin is that to get coins outright, you need to sign up with either an online broker or cryptocurrency exchange. These platforms are slightly different, though they both allow you to buy, sell, and trade MaidSafeCoin.
Aside from this, there are a large variety of other methods you can deploy instead. For example, you could find an ETF that incorporates price exposure to MaidSafeCoin within it, or you could locate a mutual fund with a fund manager that is knowledgeable about MaidSafeCoin. Below, we take you through the different methods and provide links to supplement the information.
What is MaidSafeCoin?
Centrally, the UK-based company, MaidSafeCoin (MAID), is based on its founders’ vision of data storage, privacy and security. It has created the SAFE Network: the world’s first autonomous data network to use a proof of resource algorithm. Founded in 2006, the MaidSafe network has been developed into arguably one of the safest networks currently functioning. It is able to work by harbouring the processing power, hard drive space and internet connection of machines connected to the network.
If you want to learn more about the basics of crypto, check out our introductory guide to investing in Bitcoin. It is a great place to start your learning. Otherwise, keep reading to learn more about MaidSafeCoin.
How to invest in MaidSafeCoin
We have broken down each of the methods you can use into separate bullet points. Click any of the links to find out more information about a particular topic.
- Brokers. The first port of call for MaidSafeCoin is to sign up with a broker. These platforms allow you to get cryptos with fiat currency and execute instant transactions with low fees. Just make sure the platform you have chosen supports MaidSafeCoin, because not every broker accepts every coin.
- Crypto exchanges. With even lower fees than brokers, exchanges serve as marketplaces for cryptocurrencies. You can buy coins from and sell coins to other users in real-time. In addition, they typically support a wider range of cryptocurrencies than brokers.
- ETFs. At present, it is extremely difficult to find an ETF that offers exposure to the value of MaidSafeCoin, and this is because the platform isn’t quite big enough to garner mainstream adoption. As soon as this changes, hear about it first on this page. In case you don’t know, an ETF is a group of individual cryptocurrencies, stocks and/or other assets that are generally within the same industry, and it trades just like a single asset on an exchange.
- Funds. Large institutional funds are becoming increasingly interested in cryptocurrencies as the narrative blossoms. However, it remains to be seen just how much attention they are giving to MaidSafeCoin. In addition, there are major barriers to entry for regular investors because large funds require significant capital investment from each investor.
- Mutual funds. Mutual funds are a lot more accessible to retail investors because as they don’t require such large investments. They function by pooling the capital of different investors together so a fund manager can invest it and build a diversified portfolio, in this instance, including MaidSafeCoin. It is a great way to invest if you would rather have an expert taking care of things.
- Trusts. They trade like stocks, and owning MaidSafeCoin through a trust can be a good way to gain exposure to its market performance without owning it directly. However, fees are often high, and very few if any trusts currently offer MaidSafeCoin.
- Debit cards. If you intend to spend your MaidSafeCoin during regular transactions, such as buying a t-shirt from a shop, you need a crypto debit card. They work by storing your coins and instantly exchanging them for fiat currency whenever you need to make a payment. This lets you incorporate your investment into your daily lifestyle, though fees are currently high because this technology is at an early stage.
- Apps. To make moves on the go, use one or more of the many available crypto apps. Most online brokers and exchanges now gave an associated app, so you can control your entire investment portfolio on the go, or even from the comfort of your sofa.
- Wallets. If you are a long-term investor who wants to hold MaidSafeCoin to speculate on future price accretion, storing your MaidSafeCoin in a crypto wallet could be a smart move. These are relatively inexpensive to the problems of fraud and loss, encrypting your investment to safeguard it against online attacks, fraud and loss.
Where can I buy MaidSafeCoin now?
Latest MaidSafeCoin price analysis
Fact-checking & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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