Well, like almost all things in life, if not all, you must buy this before you can invest in it. Investing in bitcoin can be very tricky if you don’t have a pre-suggested step.
First, you need to know that Bitcoin is a type of cryptocurrency, one of the very first digital currencies that was invented, designed and developed by Satoshi Nakamoto and was released to the public in 2009.
From here, updates and improvements were made by a network of very experienced developers, and the platform was partially funded by the Bitcoin Foundation.
Since Bitcoin has become a hot topic of interest and many people are investing in it, there is nothing wrong with getting some digital wealth too. It’s interesting to note that back in 2012, Bitcoin firms were only able to raise $ 2.2 million.
Despite the price decline this year, cryptocurrency continues to grow among both users and merchants who accept it as payment.
So how can you take part in the promotion? Investing in bitcoins can be easy for the average Joe if he just buys them.
It has become easy to buy today as many firms in the United States and elsewhere are involved in the buying and selling business.
For US investors, the easiest solution is Coin Base, a company that sells BTC to people at a markup that is usually around 1% of the current market price.
If you are looking for a traditional exchange, Bit Stamp may be the best option because users, you will be trading not only with the company, but also with the users.
The company acts only as an intermediary. Liquidity is higher and you can almost always find another person to switch to the other side of your trade.
Commission starts at 0.5% and goes down to 0.2% if you have traded more than $ 150,000 in the last 30 days. All this is in its own way, investment funds, because the more BTC you buy, the more profit you will accumulate if you decide to keep them or resell them to other traditional buyers at a higher price than the one you bought with a real company.
You can also buy bitcoins other than exchange. One of the most popular offline routes is Local Bitcoins, a website that connects you with potential buyers and sellers. When buying, coins are blocked from the seller in escrow, from where they can only be issued to buyers.
But buying bitcoins offline should come with some extra precautions that are always common, just like when meeting a stranger. Meet in a public place during the day and, if possible, bring a friend.
Bitcoin is the hottest thing on the internet right now. Investors and venture capital firms are betting that he’s here for the long haul. For the average Joe, there are many ways to invest and buy bitcoin.
In the US, the most popular are Coin Base, Bit Stamp, and Local Bitcoins. Each of them has its own advantages and disadvantages, so try to find the most suitable one.