Step by Step Guide to Bitcoin Investment

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Well, as with almost all things in life – if that's not all – you have to buy it before you can invest in it. Investing in Bitcoin can be very difficult, and that is if you do not have the procedure to follow.

First and foremost, you should know that Bitcoin is a type of cryptocurrency, one of the very first digital currencies, which was invented, designed and developed by Satoshi Nakamoto and made public in 2009.

And from there, updates and improvements were made by a network of highly experienced developers and the platform was partially funded by the Bitcoin Foundation.

As bitcoin has become a hot topic and many people are investing in it, there is no harm in earning digital money. It's worth noting that in 2012, Bitcoin companies had only been able to raise $ 2.2 million.

Despite the drop in prices this year, the cryptocurrency continues to grow, both among users and merchants who accept it as payment.

So, how can you be part of the action? Investing in Bitcoin for an average Joe can be simple, he buys it outright.

The purchase of today has become simple, many companies in the United States and around the world being involved in buying and selling.

For American investors, the simplest solution is Coin Base, a company that sells BTC to individuals at a rate of approximately 1% of the current market price.

If you want a traditional exchange, Bit Stamp may be a better option because users will not only trade 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 business.

Fees start at 0.5% and go down to 0.2% if you have traded more than $ 150,000 in the last 30 days. All these elements are already in their own way, as investment mounts, because the more you buy BTC, the more you will accrue profits if you choose to store it or resell it to other traditional buyers at a higher price. to the one you bought with the real companies.

You can also buy bitcoins other than by exchange. Local Bitcoins is one of the most popular routes for offline travel. This is a website that puts you in touch with potential buyers and sellers. At the time of purchase, the coins are blocked from the seller in the escrow account, from which they can only be distributed to the buyers.

But buying offline bitcoins should be done with some extra precautions, which are always commonplace, as you would when you meet a stranger. Appointment during the day in a public place and, if possible, bring a friend.

Bitcoin is the hottest thing online right now. Investors and venture capitalists are betting that it's here to stay. For the average Joe, there are many ways to invest and buy Bitcoin.

In the United States, 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 suits you best.


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