Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,206,324 members, 7,995,405 topics. Date: Wednesday, 06 November 2024 at 12:04 PM

Can You Invest In Cryptocurrency-like Stocks? - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Can You Invest In Cryptocurrency-like Stocks? (209 Views)

Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? / NAIRALANDERS: Be Careful Of Where You Invest Your Money On This Platform. / How To Make Money In Cryptocurrency With No Capital. (2) (3) (4)

(1) (Reply)

Can You Invest In Cryptocurrency-like Stocks? by Larynxhedon: 11:06pm On Aug 16, 2022
Investors can use both cryptocurrencies and stocks to build wealth. However, investing in stocks is not the same as investing in cryptocurrency. Unlike stocks, investing in cryptocurrency does not entail ownership of a company's stock. Dividends are not paid to crypto investors in the traditional sense.

Meanwhile, the above statement does not apply to crypto that behaves like stock, such as Binance's BNB, Quidax's <QDX token>, Coinbase's COIN, and many other exchange tokens, because many of these token holders are typically rewarded with staking bonuses or fee discounts in the form of dividends.

So, yes, you can invest in cryptocurrencies-like stocks.

On this blog page, you can get a sneak peek at what the QDX token is all about, to make it look like a cryptocurrency-like stock.

1 Like

(1) (Reply)

Earn N20k - N50k Weekly With Just N5k Working With Your Smartphone (new Earning) / Learn Real-estate Just With 50,000 Naira.. / How To Raise Money Using A Pitch Deck

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.