Digital Assets

What Are Digital Assets?

Digital assets are electronic files of data that can be owned and transferred by people, as well as used as currency in some cases. Examples of digital assets include cryptocurrencies such as Bitcoin, and Non-Fungible Tokens (NFTs).

Cryptocurrency is a digital currency or token that uses cryptography encryption techniques for security. It operates independently of a central bank, and subsequently transferring funds between two parties is made easier, with transfers being facilitated through the use of public and private keys for security purposes.  

If you own cryptocurrency, a record of the digital asset is held on a kind of electronic ledger called a blockchain 

Digital asset management (DAM) platforms make it possible for you to store, organise, and share your digital assets. The system in which you can access financial products directly on a decentralised blockchain network without the need for a middleman, is known as decentralised finance, or DeFi for short.  

Since Bitcoin was launched in 2009, the field of virtual currencies has grown exponentially. Apart from Bitcoin there are currently thousands of cryptocurrencies in existence, known as altcoins, such as Ethereum, Litecoin, Ripple, Dash, Monero, Stellar, Bitcoin Cash, Zcash, Dogecoin and EOS. 

Which cryptocurrency is the right one for you? The best way to answer this is to take advice from financial experts with outstanding technical expertise and market knowledge in digital assets. That’s us. 

Want to know more about how to invest in cryptocurrencies? Talk to the experts. 

Future proof your assets​

What is Blockchain Technology?

In blockchain, digital asset transactions are recorded in blocks of data that are connected in a specific order via cryptography and kept safe using computer ‘hash’ codes. 

As soon as data comes in, it is entered into a new block. Once the block is filled with data, it is connected to the previous block, attaching the data in a linear and chronological order. 

Each new transaction must be authenticated by a network of computers or ‘nodes’ prior to being added to the ledger.  Once it is verified, the transaction is added to the block of data and connected to another in the chain, adding the last block’s hash code. If anyone, like a hacker, tries to alter a block, the hash code of the previous block changes as well, setting off an alert that there has been a breach. 

Progressively, the blockchain becomes a database of time-stamped transactions that is almost impossible to modify, reverse, edit, or delete by extraneous persons or entities.  

Nowadays, blockchain technology allows us to tokenise pretty much everything, from smart contracts to stocks to real estate. It is also used by some companies to monitor supply chains, as well as in healthcare. In the future, it may even be used for digital voting.  

How can I become a Digital Asset Investor?

The world has become increasingly tech-driven. As technology dominates more areas of our lives, there will be even more demand for high-growth digital assets because of the huge potential investment opportunities they can bring to the table. 

Not many people have an in-depth understanding of how major digital cryptocurrencies such as Bitcoin and Ethereum operate. That’s where we come in. 

At deVere, we provide a broad range of financial services and products. We offer expert advice on and market knowledge in digital assets, including cryptocurrencies, giving you access to the opportunities and rewards of these future-forward investments. 

Investors with good business acumen actively try to minimise risk, through diversification – spreading out investments so that exposure to any one type of asset is limited – which helps to reduce the market volatility of the portfolio.  

Where can I buy Digital Assets?

Through its integrated exchange platform and wallet, deVere Crypto allows you to easily buy, sell, store and exchange cryptocurrency at any time of the day.  

The deVere Crypto app lets you exchange fiat currency for Bitcoin and other altcoins, such as Ethereum, Litecoin, Ripple, Dash, Monero, Stellar, Bitcoin Cash, Ethereum Classic, Zcash, EOS, Dogecoin, Cardano, Poladot, Chainlink, PAX Gold, Kyber Network, Synthetix, TRON, Filecoin, Uniswap, Solana and Ren, all at the click of a button.  

One great thing about crypto is that it eliminates the need of going through a bank, which means no more blocked transactions, hidden charges or needing to stick to strict opening times. 

The practical and effective design of this complete cryptocurrency app by deVere Investment means that it can be used by both beginners and experienced crypto traders. You can load Euros into your deVere Crypto account to make instant and direct transfers to other users and use our crypto tracker to monitor your market position and performance with our live graphs that display daily, weekly, monthly, and yearly price data. 

Simple and safe. 

Let the deVere Crypto app put you in control of your finances.  

How do I use my Blockchain Wallet?

A blockchain wallet is a digital wallet that allows you to store, manage and trade cryptocurrencies. It contains a number of security features to prevent theft.  

When it comes to storing your cryptocurrency safely and securely, the best option for you is a cryptocurrency wallet. deVere Crypto is user-friendly, safe, and flexible. 

Through the app, you can build your portfolio, store, and manage your digital coins in an easy-to-use secure app and crypto wallet, and can easily trade and exchange top-ranking virtual currencies between your different wallets. Your unique ID makes sending and receiving digital money totally safe. 

How do I invest in Blockchain?

There are various ways to invest in blockchain, apart from investing directly in stocks of companies using or building blockchain. As outlined above, you can directly purchase cryptocurrencies. You could also purchase shares in a cryptocurrency trust, buy an exchange-traded fund (ETF) that specifically invests in shares of companies with exposure to blockchain or participate in crowdfunding a new cryptocurrency through an initial coin offering. 

Despite its growth potential, blockchain technology should be seen as a high-risk investment. As part of one of the world’s largest independent financial advisory organisations, at deVere we can guide you in diversifying your portfolio into cryptocurrencies and related technologies.   

Contact us if you want to learn more about blockchain.  

 

What are examples of Digital Assets?

In the purest sense of the phrase, digital assets are uniquely identifiable electronic files of data that come with the right to use and have value, such as images, videos, documents, audio files, PDFs and even social media and email accounts. Of course, cryptocurrencies also fall under this umbrella term. There are myriad advantages of owning digital assets. They can be quicker to issue than physical assets, thereby reducing administrative costs. Environmentally, they reduce the use of paper and the space you would need to store them. 

 

What are the risks involved in investing in Digital Assets?

All types of investments come with some kind of risk. And investing in digital assets is no different.  

Since digital assets are not backed by physical holdings or currencies issued by governments or central banks, they are volatile, and can consequently rise and fall extensively in value in a short space of time. Additionally, the law regulating cryptocurrencies differs significantly from country to country and legal matters in this regard may still be unclear or changing in many of them. Some digital assets are also subject to securities laws and regulations.  

There is also the risk, however small, that digital asset exchanges could be hacked. Finally, it is very important that you do not give away, forget or lose the ‘private keys’ which enable you to use your digital wallet. 

Can I leave my Digital Assets in a Will?

Leaving digital assets such as cryptocurrency to your loved ones after you pass away is certainly possible; however, it requires more planning than when bequeathing traditional assets.   

It is estimated that millions of dollars in unclaimed digital assets are lost after someone dies, either because no one else is aware of them or because nobody has access to them. If you wish for your digital assets to be handed down to your beneficiaries, it is essential to let them know about them and leave them a way to access them. 

It is not advisable to divulge your private crypto keys with anyone; instead, it is wiser to list your cryptocurrencies and include information about your digital wallets in your will. You can then create a memorandum to your will with passwords and keys and create an easy-to-follow access guide to explain how your heirs can access them. If you do not leave your cryptocurrencies to anyone before you pass away, the coins will be disposed of after your death.  

What is the Metaverse?

Nowadays, everyone seems to be talking about the metaverse. But what is it?  In simple terms, the metaverse is an online world populated by digital representations of people, places, and things which ‘live’ in this digital space. It includes virtual reality, augmented reality, smart watches and glasses, and 3D avatars. 

The metaverse may only exist in theory for now; however, in the future, it has the potential to transform the way we work and play. In fact, in a few years’, some experts think that we may be living more in the digital world then in reality. 

FAQs 

What is Cryptocurrency? 

Cryptocurrency is a type of digital currency that can be used to buy goods and services. It uses an online ledger called a blockchain with strong cryptography, which allows online transactions to be anonymous and secure. The most popular one is Bitcoin. Cryptocurrencies work using a technology called blockchainAround 10,000 cryptocurrencies are currently traded publicly. 

 

What is Blockchain? 

Blockchain is a decentralised ledger or database spread across numerous computers that manages and records digital transactions. It guarantees the security of the record of the data without the need for a third party, such as a bank. The way the data is recorded makes it very difficult to change, hack or delete it. Almost all cryptocurrencies are secured via blockchain networks. 

What is deVere Crypto? 

deVere Crypto is a complete cryptocurrency app by deVere Investment, which has an integrated exchange platform and wallet that allows you to buy, sell and exchange digital coins 24/7. The application is available on the App Store for iOS and on the Play Store for Android.

How do I buy Cryptocurrency? 

To buy cryptocurrencies, you need a ‘wallet’, which is an online app that can hold your currency more securely than on an exchange. With the deVere Crypto app, you can build your portfolio, store, and manage your digital coins in a single, easy-to-use and secure wallet. 

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