Wondering How Can you invest in bitcoin money? If your answer is yes then I am here to help you out. There is no doubt that Bitcoin is one of the most popular cryptocurrencies available out there. And there are quite a lot of people who are interested in investing money on Bitcoin. But they do not know how they can do so.
And in this article, I am going to give you a complete idea of how can you bitcoin and what are the things needed to buy and sell bitcoin. So you can get a complete idea about it.
Anyway, let’s just head into the topic without wasting much of the time:
What is Bitcoin?
Bitcoin is basically a digital currency that was created back in 2009 by an unknown person who is known as Satoshi Nakamoto. And it works as a digital payment method that requires no middle men. This means there is no bank that would approve the transaction.
Usually, in a normal transaction, your bank would verify the payment. But on Bitcoin, there is no such thing. Hence, the transactions are fast. And in today’s time, bitcoins are getting widely used. You can use it to book hotels, shop furniture, purchase digital goods and so on. As well as you can trade Bitcoins and become rich.
What is Bitcoin Exchange?
A Bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. A bitcoin currency exchange is basically an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency.
Also, you can say that a bitcoin exchange works like a brokerage, and you can deposit money via bank transfer, wire, and other common payment methods. Although there are no joining fees needed to join any of the Bitcoin exchanges.
However, you will need to pay a currency conversion fee every time you buy or sell bitcoins. And this is how a Bitcoin exchange platform works money.
Now that you understand what is bitcoin and an exchange. Let’s talk about how can you invest in bitcoin money? Well, for this, here are all the steps that you have to follow:
How can you invest in Bitcoin Money?
Get Started With An Exchange:
The first step is to get started with an exchange. There are quite a lot of Bitcoin exchanges are available out there which you can use to buy Bitcoin. To name a few, I would suggest you Coinbase, Cex, Bittrex and so on. Simply go to any of these websites and signup by following all the screen instructions.
Once you are done creating an account, simply go to Bitcoin. Over here, you will find a box where you have to enter the amount of cash you would like to invest in Bitcoin or quantity. Finally, make the purchase and you are all done. Once you are done purchasing the bitcoins, it will get stored in your Bitcoin wallet.…
Looking for the top bitcoin exchange platforms? If your answer is yes, then I am here to help you out. One thing that you cannot really deny that Bitcoin exchanges are the most important part of the whole crypto industry.
Without a Bitcoin exchange platform, you will not be able to buy or sell bitcoins. However, when it comes to Bitcoin exchange platforms, there are way too many options available out there. And choosing one of them can be a really hard task. However, to make it easy for you, I am going to list down some of the top bitcoin exchange platforms for you.
So here we go:
Top bitcoin exchange platforms
There is absolutely no doubt that Binance is one of the best bitcoin exchange platforms available out there. This one is one of the world’s biggest bitcoin exchanges available out there which you can try out. Even in today’s time it is the biggest and rapidly growing bitcoin exchange that one can use. And it played an important role in creating the biggest crypto ecosystem.
The best part of the platform is that it does not only allows you to buy or sell bitcoins. But you can also trade in other cryptocurrencies too. Moreover, you should know that it is a centralized network, and it has taken a unique way to expand its business. Plus, if you are a daily user of the platform, it will offer you decent discounts. Binance is the best for trading bitcoins but if you to perform ether futures trading or trade other altcoins, It does not allow you to do so.
Also, getting started on the platform is super easy too. All you have to do is get down with the KYC process, and you are ready to trade.
For the second pick, I have Coinbase. This one is also considered as one of the most popular yet the best Bitcoin exchange platform. It is based in the USA. And they have one of the simplest interfaces. Plus, you will find Coinbase apps for iOS and Android devices. So you can easily purchase bitcoin and other crypto coins.
The platform operates in many countries. And getting started with the platform is a pretty easy task. So you can easily buy and sell bitcoins. However, you should keep the fact in mind that this platform only works well when it comes to buying and selling buying. And it is not really a great option for trading.
Up next, I have the Bittrex. You can say that it is one of the best alternatives to Binance. It comes with a clean design and has easy usability. Also, this one is a USA based crypto exchange platform that allows you to trade in more than 190 cryptocurrencies.
The website is well regulated and falls under the current US rules only. As a result, you do not have to worry about your security. Also, the best part is that it handles the largest BTC trading volume out of all the exchanges.
Getting started with Bittrex is a really easy process. All you have to do is register your account using your Email ID. As well as you have to get done with the KYC and phone verification. Once you are done with these steps, you are free to start trading.
You can also check out the Coinmama. The best part of Coinmama is that this website is available in many countries. Also, this website makes it a pretty easy task for us to buy bitcoins, litecoins, etereum. As well as many other currencies using debit or credit card. Plus, they have a charge of 6% on each of your purchases.
And in case if you belong to Europe, then you can purchase cryptocurrency with SEPA transfer for a lower fee. As well as the website is pretty easy to use, and getting started with it is not that hard.
Next, I have the CEX. This one is considered as one of the most trusted bitcoin exchange on the internet. Plus, the best part of them is that they come with a minimum fee of 0.25% only. The platform offers you top notch security. Along with that, you get multiple payment options such as debit, credit card, SWIFT, ACH, and other standard payment methods. As well as it also supports UST, which is a must have for any exchange that deals in Bitcoin.
In the end, I have the Changelly. This one is a unique exchange where you do not have to deposit coins. Instead, it works as a bitcoin buying website. This means you have to tell the exchange which coin you would like to purchase and how much of it you would like to buy.
Then the platform will let you know how much of the coin you are buying. The whole process is extremely easy, fast, and convenient. So go ahead and give a try to Changelly.…