Well, as with nearly everything in life – if not all – you have to buy it before you can invest in it. Investing in Bitcoin can be very challenging if you don’t have the step ahead.
First you need to know that Bitcoin is a type of cryptocurrency, one of the first digital currencies, which was invented, designed and developed by Satoshi Nakamoto, and released to the public in 2009.
Since then, updates and 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 an interesting topic and many people are investing in it, there is no harm if you also get some digital wealth. It is interesting to note that in 2012, bitcoin companies were only able to raise $ 2.2 million.
Despite the price drop this year, the cryptocurrency has continued to see growth in both users and merchants who accept it as a payment method.
So how can you be a part of the action? Investing in Bitcoin for the average Joe can be simple as he buys some of them outright.
Buying it today is simple, with many companies in the United States and around the world involved in the buying and selling business.
For American investors, the easiest solution is Coin Base, which is a company that sells BTC to people at a price usually more than 1% of the current market price.
If you want a traditional exchange, Bit Stamp might be a better option because users will not only trade with the company, but with the users.
The company only acts as a middleman. Liquidity is higher and you can always find someone else to take the other side of your trade.
The fee starts from 0.5% and goes down to 0.2% if you have traded more than $ 150,000 in the past 30 days. All of these things are already in their own way, means of investment, because the more you buy BTC, the more profit you will collect if you choose to store it or resell it to other traditional buyers at a price higher than the one you bought using real companies.
You can also buy Bitcoins in a way other than an exchange. One of the most popular ways to go offline is Local Bitcoins, a website that brings you together with potential buyers and sellers. When buying, coins from the seller are locked into the guarantee, as they can only be issued to buyers.
But buying Bitcoins offline should be done with some extra precautions, which are always usual, as you would 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 right now. Investors and venture capital firms are betting that they are here to stay. For the average Go, there are many ways to invest and buy Bitcoins.
The most popular routes in the United States are Coin Base, Bit Stamp, and Local Bitcoins. Each has its own pros and cons, so do your research to find what works best for you.