Simple Ways to Buy and Invest in Bitcoin

What is Bitcoin?

Bitcoins is a decentralized, peer-to-peer, digital currency system designed to enable online users to conduct transactions through a transaction known as Bitcoins. In other words, it is a virtual currency.

Bitcoin system It was created in 2009 by an unknown program (s). Since then, Bitcoin has gained considerable attention and controversy over the US dollar, the euro, and currencies such as gold and silver.

Rise to popularity

Bitcoin Prior to 2009, it did not receive much attention in the world of trade and finance. It rose to prominence in 2011-2012, earning more than 300%. Bitcoin has grown by 400% since August last year. As a result, partnerships and investors around the world continue to provide cryptocurrencies.

Linn In the first quarter of 2014, capital companies invested $ 57 billion in the first quarter, and $ 73 million in the second quarter, a total of $ 130 million, 50% more than last year’s $ 88 million. This In 2012, Bitcoin companies collected a relatively small amount of $ 2.2 million.

These statistics prove beyond doubt that Bitcoin is worth your investment, which begs the question, how can you buy and invest Bitcoin?

A Guide for Beginner Investors in Bitcoin

The easiest and most complicated way to invest in Bitcoin is to buy Bitcoin. There are many established companies in the United States, such as BTC, which specialize in buying and selling bitcoin.

Coinbase

If you live in the United States, then Coinbase is where you need it. Coinbase offers its customers BTC at approximately 1% of the current market price. Americans have the option of syncing their Coinbase wallets with their bank accounts. As a result, future transfers will be trouble free. This company will also give you the option of buying automatic bitcoin from time to time. For example, if you are interested in buying $ 50 in Bitcoin at the beginning of each month, Coinbase allows you to make an auto-purchase for that amount.

Note the terms and conditions before you start using this service. If you sign up for an automatic bit coin service, you will not be able to control the monthly BTC purchase price. Note that Coinbase does not work as a Bitcoin exchange, that is, you buy and sell coins directly from the company. Since the company has to get the coins from other buyers, you may encounter delays or obstacles when ordering while traveling fast.

BitStamp

BitStamp meets the standard bitcoin exchange requirements. Bitcoin is a medium that allows you to trade with other users, not the company. The fluidity is high here and you will always have a good chance of finding someone who is willing to trade with you. If you trade $ 150,000 over a 30-day period, the initial down payment could be reduced to 0.2%.

Alternative ways to buy Bitcoins

Local Bitcoins

Investment in Bitcoin is not the only exchange. Local Bitcoins are often used to buy BTC offline. The website is designed to connect potential buyers and sellers. Bitcoin is locked by the seller with an embarrassing key and can only be released to buyers.

Buying Bitcoin offline is not always very safe or secure. Therefore, it is best to meet with the sellers and tag your friend during the day only if things go south.

Bitcoin is not just a modern trend. Capital sales companies have long considered bitcoin to be a good alternative to traditional currency. There are several ways to get into the Bitcoin investment field. As mentioned earlier, Coinbase, BitStamp and Local Bitcoins are the most popular channels to invest in bitcoin in the United States. Do your homework and find out which street attracts all your boxes.