A step-by-step guide to Bitcoin investing

Well, like almost anything 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’s if you don’t have a plan ahead of you.

First you need to know that Bitcoin is a type of cryptocurrency, one of the first digital currencies that was invented, designed and developed by Satoshi Nakamoto and it was released to the public in 2009.

And since then, updates as well as improvements have been made by a network of very experienced developers, and the platform has been partially funded by the Bitcoin Foundation.

Since Bitcoin has become a hot topic of interest and many people are investing in it, there is no harm in getting some digital wealth as well. It is interesting to note that back in 2012, Bitcoin companies were only able to raise $2.2 million.

Despite falling prices this year, the cryptocurrency continues to grow in both users and merchants accepting it as payment.

So how can you get in on the action? Investing in Bitcoin can be simple for the average Joe because he buys some directly.

Today, buying it has become simple as many companies in the United States and all over the world are involved in the business of buying and selling.

The easiest solution for US investors is Coin Base, a company that sells BTC to people at a quote 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 you will not only be trading with the company, but also with the users.

The company acts only as an intermediary. Liquidity is higher and you can almost always find someone else to take the other side of your trade.

Fees start at 0.5% and go up to 0.2% if you’ve traded more than $150,000 in the last 30 days. All of these are already in their own way, investment vehicles, because the more BTC you buy, the more profit you will collect if you decide to hold it or resell it to other traditional buyers at a higher price than the price you bought it for. real companies.

You can also buy bitcoins from an exchange otherwise. One of the most popular routes to offline is Local Bitcoins, a website that pairs you with potential buyers and sellers. During the purchase, the coins are locked from the seller in a safe, from where it can be released only to the buyers.

But buying bitcoins offline should be done with the extra precautions that are always common, just like when meeting a stranger. Meet in a public place during the day and bring a friend if possible.

Bitcoin is the hottest thing online right now. Investors and venture capital firms are betting it’s here to stay. There are many ways for the average Joe to invest and buy Bitcoin.

The most popular avenues in the US are Coin Base, Bit Stamp, and Local Bitcoins. Each has its advantages and disadvantages, so do your research to find the best one for you.