Well, like almost everything else in life (if not all), you have to buy it before you can invest in it. Investing in Bitcoin can be very challenging, that is, if you don’t have the steps ahead.
First of all, you need to know that Bitcoin is a cryptocurrency, one of the earliest digital currencies invented, designed and developed by Satoshi Nakamoto and released to the public in 2009.
Since then, the network of experienced developers has been updated and improved, and part of the funding for the platform is provided by the Bitcoin Foundation.
Since Bitcoin has become a hot topic of people’s attention, and many people are investing, if you can also obtain some digital wealth, it will not cause harm. Interestingly, as early as 2012, Bitcoin companies could only raise $2.2 million.
Despite the price drop this year, the cryptocurrency of users and merchants who accept its payments continues to grow.
So how can you be part of the action? For ordinary Joe, investing in Bitcoin is easy because he bought some directly.
Nowadays, buying has become very simple, and many companies in the United States and many countries have participated in the business of buying and selling.
For American investors, the simplest solution is Coin Base, a company that sells BTC to people at a mark-up price that is about 1% higher than the usual price.
If you want to conduct traditional exchanges, Bit Stamp may be a better choice because users will not only trade with the company, but also with users.
The company only acts as an intermediary. With high liquidity, you can almost always find another person to take on the other side of your transaction.
If your transaction volume exceeds $150,000 in the past 30 days, the fee starts at 0.5% and goes all the way down to 0.2%. All of these have been used as investment methods in their own way, because the more BTC you buy, if you choose to store it or resell it to other traditional buyers at a higher price than buying with BTC, you will accumulate more profit. The real company.
You can also buy Bitcoin through other methods than exchange. One of the most popular routes to be so offline is local Bitcoin, the site pairs you with potential buyers and sellers. At the time of purchase, the tokens are locked in the seller’s escrow, and can only be issued to the buyer from the escrow.
However, buying Bitcoin offline should take some extra precautions, just like when meeting a stranger, which is usually very common. Gather in public places during the day and invite friends if possible.
Bitcoin is currently the hottest thing online. Investors and venture capital companies are betting that this situation will continue. For ordinary Joe, there are many ways to invest and buy Bitcoin.
In the United States, the most popular channels are coin vaults, bit stamps and local bitcoins. Each method has its advantages and disadvantages, so please do your research to find the best method for you.