Bitcoin has been in the news since 2017 when the stock of online beleggen Bitcoin reached around $19,000. But the stock surged in 2020 and it will take a peak from 2021. The fluctuation of the price in Bitcoin and other cryptocurrencies made them extremely volatile, and investors with sound knowledge about the crypto market can predict the market in the right manner. Nowadays, many retail investors are showing their interest in cryptocurrency. According to a survey done by the University of Chicago, it has been shown that around 14% of Americans have invested in cryptocurrency in the last year.
#6 easy steps to invest in Bitcoin:
So, if you are interested in cryptocurrency then you can follow the below mentioned tips to get the best returns:
- First, you need to choose the best exchange or online platform to buy Bitcoin. Here, you can try bitcoin investor, as this online platform is trusted by millions of investors. You can sign up with your basic details and create your own dashboard. These online exchanges could be the place to buy bitcoins. .
- Next, you need to store your Bitcoin in a safe place. Here, you can choose a wallet to store your Bitcoin, and you can access your wallet by entering your private key. There are different types of wallets available to store Bitcoin and other cryptocurrencies, and you can choose an internet-based wallet or hardware-based wallet. Online wallets are easy to use, but they are susceptible to hacking. Online wallets are known as hot wallets. If you are unsure about the security of such online wallets, then you can choose a cold wallet or hardware-based wallet. In this case, you can print your private key and address, and store them in a safe place. You can also use a USB or hard drive to store such information.
- You can buy Bitcoin online or offline but purchasing Bitcoin from online exchanges can save your time and cost. Crypto exchanges are the safest place, and you can use your fiat money or currency to buy Bitcoin from such exchanges. You can also use your credit or bank account to transfer an amount, and there are some exchanges available that accept PayPal payments. But you need to bear a transaction fee for the same. There are many crypto changes available, but Coinbase, Gemini, Binance. areas far as the most popular ones are concerned, US, and Kraken could be considered.
- If you want to invest in Bitcoin stocks, then you need to invest through brokerage firms. There are some online platforms available where you can trade on Bitcoin stocks, and some of these platforms offer commission-free trading options.
- It is better to choose online platforms to buy Bitcoin because they have some simple features that can help you to buy and sell your bitcoins with a few clicks. But if you want to buy Bitcoin in person then you can choose your nearest Bitcoin ATM. Bitcoin or crypto ATMs are available in selected cities and you can check whether any ATM is available in your city or not. Besides, you may also purchase Bitcoin from different retail stores as well. There are few platforms available from where you can buy Bitcoins directly from their owners. You can find people who are interested in selling their Bitcoin, and you can buy your coins directly from the seller.
- You can also get Bitcoin for free. There could be several ways to earn Bitcoin without any payment. For example, you can play some online games to win Bitcoin. You can also find some casinos where you can use Bitcoin. Along with that, there are some companies available that offer Bitcoin for their surveys. You can win Bitcoin by re-tweeting their post on Twitter and you can find a few companies that offer Bitcoin rewards for answering their questions.
Purchase Bitcoins through PayPal:
You can go for your investment in Bitcoin by means of PayPal. Indeed, PayPal Holdings, Inc. which is considered a payment processor can be used to buy Bitcoin. You can link your bank account or debit card with your PayPal account, and you can use your PayPal on online platforms during checkout. Else, you can use your PayPal balance to buy Bitcoin from third party service providers.
There are so many web based platforms which are available for your use. You can easily find the PayPal button for buying Bitcoins. Cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are available on the PayPal platform, and you can directly invest your amount in Bitcoin through PayPal.