Well, like almost any other thing in life – if not everything – you have to buy it before you invest in it. Investing in bitcoin can be very challenging, that is, when there is no step ahead of you.
First you need to know that bitcoin is a type of cryptocurrency, one of the first digital currencies invented, developed and developed by Satoshi Nakamoto, and it was released to the public in 2009.
Since then, updates as well as 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 hot topic of interest and a lot of people are investing in it, there is no harm if you also get digital wealth. It is interesting to note that back in 2012, bitcoin firms were able to raise only $ 2.2 million.
Despite falling prices this year, the cryptocurrency continues to experience growth for both users and merchants who accept it as payment.
So how can you become a participant of the action? Investing in bitcoin for an ordinary Joe can be simple: he just buys them.
Buying it today has become easy: many companies in the United States and everywhere are involved in buying and selling.
For American investors, the easiest solution is Coin Base – a company that sells BTC to people with a markup that is usually about 1% of the current market price.
If you want a traditional exchange, Bit Stamp may be the best option because users will trade 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 who will take the other side of your trade.
Fees start at 0.5% and drop to 0.2% if you traded more than $ 150,000 in the last 30 days. All of this is in its own way, a means to invest, because the more you buy BTC, the more profit you will save if you want to keep it or resell it to other traditional buyers at a higher price than the one you bought in real companies.
You can also buy bitcoin in a way other than exchange. One of the most popular routes for offline use – this is local bitcoin – is a website that connects you with potential buyers and sellers. When buying coins are closed from the seller in the depository, where it can only be issued by buyers.
But you need to buy bitcoin offline with additional precautions, which are always common, as when meeting a stranger. Meet during the day in a public place and, if possible, bring a friend.
Bitcoin is the hottest thing on the internet. Investors and venture capital firms are betting that they need to stay here. For the regular Joe, there are many ways to invest and buy bitcoin.
In the US, the most popular ways are Coin Base, Bit Stamp and Local Bitcoin. Each has its advantages and disadvantages, so do research to find the best one for you.