As with almost anything in life, if not all, you have to buy it before you invest in it. Investing in Bitcoin can be very difficult, and that is if you don’t have the steps taken beforehand.
First of all, you should know that Bitcoin is a type of cryptocurrency, one of the first digital currencies, invented, designed and developed by Satoshi Nakamoto and released to the public in 2009.
And since then, updates and improvements have been made by a network of very experienced developers, and the platform is partially funded by the Bitcoin Foundation.
Since Bitcoin has become a topic of interest and many people are investing in it, there is no harm if you also acquire digital wealth. Interestingly, back in 2012, Bitcoin firms were able to raise only $2.2 million.
Despite the price drop this year, the cryptocurrency continues to grow in both users and merchants accepting it as payment.
So how can you be part of the action? Investing in Bitcoin can be simple for the average Joe, he just buys some.
Today, it is simplified to buy, many firms in the United States and everywhere are involved in the business of buying and selling.
The easiest solution for US investors is Coin Base, a company that sells BTC to people at usually around 1% of the current market price.
If you want a traditional exchange, Bit Stamp might be a better choice because you will be trading with users, not just with the company.
The company acts only as an intermediary. Liquidity is higher and you can almost always find another person to take the other side of your trade.
Commissions start at 0.5% and go down to 0.2% if you’ve traded more than $150,000 in the last 30 days. All of these are already investment vehicles in their own right, because the more BTC you buy, the more profit you will make whether you choose to hold it or sell it at a higher price than you would sell it to other traditional buyers. real companies.
You can also buy bitcoins in other way than exchange. One of the most popular routes for such offline is Local Bitcoins, a website that connects you with potential buyers and sellers. When buying, coins are locked in escrow from the seller, from where they can only be released to buyers.
But buying bitcoins offline should always be done with some extra precautions, just like when meeting a stranger. Meet in a public place during the day and bring a friend if possible.
Bitcoin is the hottest thing online right now. Investors and venture capital firms are betting it’s here to stay. There are many ways for the average Joe to invest and buy Bitcoin.
The most popular avenues in the US are Coin Base, Bit Stamp and Local Bitcoins. Each has its pros and cons, so do your research to find the one that’s best for you.