Still Struggling to Find A Good Way to Buy Bitcoin? Here’s How!
2022-02-22 17:56:24
How to Buy Bitcoin Online
Since its launch in 2009, Bitcoin has achieved meteoric growth and gained a rapidly rising popularity. Its price has risen sharply by 9,000,000% between 2010 and 2020. In the beginning of 2022, bitcoin price was almost twice as much as it was in January 2021. Although the growth is incredible, some analysts predict that Bitcoin value could rise even more as cryptocurrencies and the blockchain technology that power them get more mainstream and integrated into people’s daily lives. So, there is an increasing number of investors who want to invest in Bitcoin. In fact, it’s easier now more than ever to buy BTC, and you can do it at a lower commission than before and buy it online directly with few steps.
How to Buy Bitcoin Online: Here Is What to Watch for
Generally speaking, there are four basic steps to purchase bitcoin online. First, choose a crypto exchange. Second, decide on a payment option. Third, place an order. Last but not least, select a safe storage option. There are some important factors you should take into consideration if you plan to invest in BTC, which will influence your choice of where to buy it.
Fees - Investors will be charged fees during the transaction, which vary widely in different exchanges depending on how you purchase Bitcoin. Though some investors will choose futures contracts to get a big piece of the action cheaply, some brokers, you know, may charge you several percent to buy directly, which will quickly eat away at your profits if you trade in and out of the market. So you’d better find an exchange with both high quality and low fees that can give you value for money.
Security - This is one of the biggest concerns involved in any investment, which is also a problem perplexing most newer investors. For example, Binance, a high-profile cryptocurrency exchange was hacked for thousands of BTCs in 2019, which makes more exchanges invest heavily in security. For example, Gate.io, the first exchange to invest millions in security and law funds to add extra protection for user’s assets, protects your funds with both centralized and decentralized methods.
Payment - Finding an available payment is also an important factor in buying BTC. In general, bank/wire transfers and Credit Cards are popular choices for investors, which enables you to buy and sell cryptos quickly in a few steps. It’s universally acknowledged that bitcoin price live is changing in seconds. You may miss out on the best returns due to spending much time on payment.
Should You Invest in Bitcoin?
Actually, bitcoin has turned most early investors into billionaires, which has attracted attention to cryptocurrency. However, everything has two sides, so does investing. Although the price of Bitcoins has been skyrocketing over the years, rewards versus risk are still an antithesis in bitcoin investment. So you should be cautious: it is an incredibly volatile action that experts don’t recommend you put a large percentage of your savings in.
Since its launch in 2009, Bitcoin has achieved meteoric growth and gained a rapidly rising popularity. Its price has risen sharply by 9,000,000% between 2010 and 2020. In the beginning of 2022, bitcoin price was almost twice as much as it was in January 2021. Although the growth is incredible, some analysts predict that Bitcoin value could rise even more as cryptocurrencies and the blockchain technology that power them get more mainstream and integrated into people’s daily lives. So, there is an increasing number of investors who want to invest in Bitcoin. In fact, it’s easier now more than ever to buy BTC, and you can do it at a lower commission than before and buy it online directly with few steps.
How to Buy Bitcoin Online: Here Is What to Watch for
Generally speaking, there are four basic steps to purchase bitcoin online. First, choose a crypto exchange. Second, decide on a payment option. Third, place an order. Last but not least, select a safe storage option. There are some important factors you should take into consideration if you plan to invest in BTC, which will influence your choice of where to buy it.
Fees - Investors will be charged fees during the transaction, which vary widely in different exchanges depending on how you purchase Bitcoin. Though some investors will choose futures contracts to get a big piece of the action cheaply, some brokers, you know, may charge you several percent to buy directly, which will quickly eat away at your profits if you trade in and out of the market. So you’d better find an exchange with both high quality and low fees that can give you value for money.
Security - This is one of the biggest concerns involved in any investment, which is also a problem perplexing most newer investors. For example, Binance, a high-profile cryptocurrency exchange was hacked for thousands of BTCs in 2019, which makes more exchanges invest heavily in security. For example, Gate.io, the first exchange to invest millions in security and law funds to add extra protection for user’s assets, protects your funds with both centralized and decentralized methods.
Payment - Finding an available payment is also an important factor in buying BTC. In general, bank/wire transfers and Credit Cards are popular choices for investors, which enables you to buy and sell cryptos quickly in a few steps. It’s universally acknowledged that bitcoin price live is changing in seconds. You may miss out on the best returns due to spending much time on payment.
Should You Invest in Bitcoin?
Actually, bitcoin has turned most early investors into billionaires, which has attracted attention to cryptocurrency. However, everything has two sides, so does investing. Although the price of Bitcoins has been skyrocketing over the years, rewards versus risk are still an antithesis in bitcoin investment. So you should be cautious: it is an incredibly volatile action that experts don’t recommend you put a large percentage of your savings in.
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