How to Invest in Bitcoin? Top Bitcoin Investment Sites

 

How to Invest in Bitcoin?

Bitcoin is a digital currency that operates free of control or any supervision by the bank or the government. It came into existence after the 2008 financial crisis. Most people claimed that this was government's way to print excess money.

Today in this article we're talking about bitcoin cryptocurrency and how to invest in Bitcoin. I know a lot of peoples want to know about Bitcoin Currency and top bitcoin investment sites. Read more about if you're interested to buy a Bitcoin with PayPal.

During that time, Bitcoin’s unique characteristics attracted the public, as it promised to resolve all the inefficiencies of traditional currencies. Furthermore, it immediately responded to the public’s demands of a decentralized financial system. This system had no other practical options.

It runs on blockchain. One of the biggest strengths for Bitcoin right now is its technology. Its decentralized network and data encryption make it impossible for third parties to manipulate the ledger. Using this network, reduces the transaction costs, which makes the transaction costs negligible. However, once the Bitcoins are sent, your transactions cannot be reserved.

Bitcoin comes with no tax. A tax is only paid when a person voluntarily sends a percentage of the amount as tax. Adding to this, your Bitcoins cannot be stolen. It is a safe place, no risk of theft. The address of the Bitcoins can only be changed by the owner.  No one can steal your Bitcoins until they have access to your computer. Hence, no chance of online fraud.

Are you new to the word Bitcoin? We are here to guide you in detail about how you can invest as a beginner in Bitcoin. There are only five simple steps you need to follow to invest into Bitcoin. 

In the start, you have decided where you want to make Bitcoin purchase. You can go for cryptocurrency exchanges since most investors opt for it. Bitcoin doesn’t have an official company that handles everything, as it is an open-source technology. However, there are many exchanges operating online that allows Bitcoin transactions.

Top Bitcoin Investment Sites

Once you have decided which exchange you want to choose. You will have to decide from where you want to purchase them. Many websites are giving this access. Following are some Top Bitcoin Investment Sites. 

Coinbase is one of these Top Bitcoin Investment Sites. It is by far the most popular and best-known cryptocurrency exchange. You can invest directly with USD currency. This platform allows many coins to be purchase, among them is Bitcoin. The other coins that you can purchase through this website is Ethereum, Litecoin, and many more. Furthermore, if you make a new account on Coinbase, you get a $5 bonus, which is great.

Another of these Top Investment Sites is Voyager. It is popular for investment in crypto. It offers commission free trading structure. It is app driven and was one of the first publicly traded exchanges. It supports major cryptocurrencies. It has solid support and engagement. Moreover, it pays a competitive interest rate on all assets.

BlockFi is another cryptocurrency investment platform that only allows to lend your holdings, but also you can gain interest against your holdings. Except from selling your coins and tokens, you can also borrow against your holdings. You get a $250 bonus when you make a $25 deposit.

Uphold adds on to the Top Investment Bitcoin Sites. It offers a simple solution to trading of multiple assets. You just need to open one account, and you will be able to trader multiple assets without making any trip back to your cash. It among a few exchanges that allow you to trade XRP, DOGE, and more.

Kraken is also among these Top Investment Bitcoin Sites. 

It is considered as one of the original crypto trading platforms. It contains a good, handy number of coins and tokens that you can trade and invest in. If you're looking for a website that allows margin trading, then this is one of those websites. Since this website works on real exchange, it is not that easy to use as are other Top Bitcoin sites.

Thinking about how much one should invest in bitcoin. It is suggested that one should invest somewhere around 5% to 30% of their capital investment. It considered that the 5% is pretty much safe compared to 30% which is risky. However, it is advised that one shouldn’t invest 50% or more than that in Bitcoins. All of this depends on market factors, it also depends on personal factors, which means how much you can tolerate risk.

This question may arise if Bitcoin is worth investing or not. With every investment you make, risks come side by side. In case of Bitcoin, their volatility is greater than that of stocks. Therefore, Bitcoins are a riskier asset. However, due to its historical performance, it encourages people to invest in it. They are ready to take additional risks in exchange for higher potential returns.

One of the risks in Bitcoin investment is cyberattacks. Hackers target cryptocurrency exchanges. Billions of dollars have been lost in cryptocurrency due to hacking. 

However, Bitcoin is becoming an increasingly a value that can be stored, an asset that can be maintained. It has challenged even gold right now. Some leading observers now call Bitcoin as “digital gold”. The future of bitcoin is more likely to be closely regulated. Furthermore, if Bitcoin switches to proof of stake, it will help improve many network challenges faced by people. 

There is this misconception among people that you have to buy a whole bitcoin in the start, which is not true. You can start from buying less than a whole Bitcoin. You can buy a Bitcoin as little as worth of $30. Even if you're one, two, fifteen or 0.01 Bitcoin you will expose to the up and downs faced by this field. It doesn’t matter how much you own. You can buy your 1st Bitcoin. 

For that you need a cryptocurrency exchange account, personal identification documents, secure Internet connection, and a payment method. It is also suggested that one should have their own personal wallet outside the exchange account. You can use bank accounts, debit cards and credit cards for payment methods. Furthermore, it is possible that you can get Bitcoin through specialized ATMs.

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