Well, like almost everything else in life – if not everything – 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 a step ahead.
First of all, you should know that Bitcoin is a type of cryptocurrency, one of the first digital currencies, which was invented, designed and developed by Satoshi Nakamoto, and went public in 2009.
And since then, updates and improvements have been made by a network of highly experienced developers and the platform has been partially funded by the Bitcoin Foundation.
Since Bitcoin has become a topic of great interest and many people are investing in it, there is no harm if you too get digital wealth. Interestingly, in 2012, Bitcoin companies were only able to raise $2.2 billion.
Despite the drop in prices this year, cryptocurrency continues to see growth in both users and merchants accepting it as payment.
So how can you be part of the action? Investing in Bitcoin can be easy for the average Joe, he just buys some.
Buying has become easy these days, with many companies in the United States and all over the world participating in the buying and selling business.
For US investors, the easiest solution is Coin Base, which is a company that sells BTC to people at a markup that is usually around 1% of the current market price.
If you want a traditional exchange, Bit Stamp may be a better option, as users are not only trading with the company, but with the users.
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.
Fees start at 0.5% and drop to 0.2% if you have traded more than $150,000 in the last 30 days. All of these are already in their own way, means of making investments, because the more BTC you buy, the more profit you will accumulate to keep or if you choose to resell to other traditional buyers at a higher price than what you bought. real companies
You can also buy bitcoins in another way to exchange them. One of the most popular offline avenues is Local Bitcoins, which is a website that matches you with potential buyers and sellers. At the time of purchase, the coins are locked from the seller in escrow, from which they can only be released to the buyers.
But buying bitcoins offline should be done with some extra precautions, which are always common, like when you meet a stranger. Meet in a public place during the day and if possible, bring a friend.
Bitcoin is the hottest thing on the web today. Investors and venture capital firms are betting it’s here to stay. For the average Joe, there are many ways to invest in and buy Bitcoin.
In the US, the most popular avenues are Coin Base, Bit Stamp, and Local Bitcoins. Each has its advantages and disadvantages, so do your research to find the one that’s right for you.