Investing in Bitcoin is a trend, but how do you start? Do you already need Bitcoin for investment? Or are you transferring funds from somewhere in your bank account and converting them to Bitcoin? What does it look like? I will answer all these questions and list the 10 most popular Bitcoin investment websites. In the future, we will use the Bitcoin symbol BTC on exchanges and trading platforms. If you just want to make big profits with cryptocurrency, you can set up a cryptocurrency savings account. These accounts pay up to 12% of fees, but there are risks (just like traditional cryptocurrency investments. How to invest in Bitcoin) Investing in Bitcoin is similar to investing in stocks, but due to the daily changes in Bitcoin, its volatility is greater.Here are the steps to start investing in stocks from the beginning: Open a brokerage account in a company that allows you to invest in cryptocurrencies. Deposit funds from your bank into a brokerage account. Use the deposited funds to buy a stock (cash balance). Then, you sell the stock to make a profit. Or loss. The money will be returned to your cash balance. The main difference with BTC is the third step. You are buying BTC or some other cryptocurrency, not stocks. For BTC, the above process is similar in most cases, but it depends on the exchange or trading platform. In some cases, you can use a credit card or bank transfer to purchase BTC. For other platforms, you need to transfer BTC directly, which is called BTC direct deposit.We will discuss how American citizens invest in BTC. Due to different laws and regulations, methods vary from country to country. Some countries/regions require more personal information to verify your legitimacy than others. How to deposit U.S. dollars to buy Bitcoin and CryptoCoinbase is one of the most popular platforms, and the process is simple. Some of the websites mentioned below follow the same process. We like Coinbase because when you open an account, you get $5. With Coinbase, you can open a Coinbase account and link your bank account or credit card. Then transfer funds from your bank account to buy BTC or use a credit card to make purchases. BTC credit card purchases are the most expensive.The mechanism for buying BTC is to enter the dollar amount or BTC amount. The website then converts to another currency. For example, if you enter $500, the website will populate the BTC page with 0.0357 (or other current BTC exchange rate). After receiving the payment, click to buy bitcoins. Although credit cards have the highest transaction costs, they are also the fastest way to complete BTC transactions. The bank account can be used for up to a few days. Please note that you will receive the exchange rate from BTC at the time of purchase. If the BTC grows by 1000 when the transaction is completed three days later, you will lose profits. Where is the BTC you bought?After all, you have not invested yet. Your Bitcoin is in a so-called digital wallet. Most exchanges have their own wallets where you can store BTC. Going back to the broker example, your cash balance will be used for trading. The BTC in your wallet is used to trade BTC. What about your dollars? There is room for BTC and USD in your wallet. If you deposit $10,000 and buy $5,000 in BTC, your wallet will look like this: 500034 BTCWhen it comes to cryptocurrency, wallets are a big topic of discussion. We won’t go into details here, but if you don’t want to use Exchange wallet, you can use a separate wallet. Electrum.org is an example of a standalone wallet, which can be a desktop, mobile phone or website. You can even use hardware wallets like LedgerWallet.com. After depositing funds in the selected exchange and purchasing BTC, you can start investing. The trading platform of the exchange is very similar to the brokerage platform. It will have a chart and buy/sell buttons with BTC trading volume.When trading BTC, you can switch to other cryptocurrencies (this is another way to sell BTC), or you can switch from another cryptocurrency to BTC, just like buying BTC. If you are not allowed to purchase BTC via wire transfer or credit card, you can deposit BTC on another exchange. This is done by obtaining your wallet address from the target operator. Then enter it into the source exchange together with the amount of BTC to be transferred. Make a new transaction. The transaction takes several minutes for the exchanged BTC to appear in the target wallet. Coinbase As mentioned earlier, Coinbase is by far the most popular because you can invest directly in USD. Currently, you can buy Bitcoin, Ethereum, Litecoin and more than 30 coins and tokens on the platform.In addition, you can earn USDT interest and get token rewards by taking various measures.
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