Step-by-step guide to investing in Bitcoin

Well, as with almost anything else in life — if not everything — you have to buy it before you invest in it. Investing in Bitcoin can be very difficult if you do not have the right step.

First, you should know that Bitcoin is a type of cryptocurrency, one of the first digital currencies, which was invented, designed and developed by Satoshi Nakamoto and which was launched to the public in 2009.

And, from there, the 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 a hot topic of interest and a lot of people are investing in it, there is no harm if you also get some digital wealth. Interestingly, in 2012 Bitcoin companies were only able to raise $ 2.2 million.

Despite the fall in price this year, the cryptocurrency continues to experience growth in both users and merchants who accept it as payment.

So how can you be part of the action? Investing in Bitcoin for Joe’s average can be easy, just buy it for free.

Buying it today has become easy, as many companies in the United States and other countries are involved in buying and selling businesses.

For US investors, the simplest solution is Coin Base, which is a company that sells BTC to people with an increase that is usually around 1% above the current market price.

If you want a traditional exchange, Bit Stamp may be a better option, as users will not only trade with the company, but with the users.

The company only acts as an intermediary. Liquidity is greater and you can almost always find another person to take over from the other side of your business.

Fees start at 0.5% and go down to 0.2% if you’ve changed more than $ 150,000 in the last 30 days. All this is already in its own forms, means of investment, because the more you buy BTC, the more profits you will accumulate if you choose to store it or resell it to other traditional buyers at a higher price than you bought with real companies. .

You can also buy bitcoins other than the exchange. One of the most popular routes for offline connection is Local Bitcoins, which is a website that combines you with potential buyers and sellers. Upon purchase, the coins are locked by the seller in the security deposit, from where they can only be released to the buyers.

But buying bitcoins offline should be done with a few extra precautions, which are always common, just as you would when you came across a stranger. Meet during the day in a public place and, if possible, bring a friend.

Bitcoin is the most important online right now. Investors and venture capital firms are betting it’s here to stay. For the average Joe, there are many ways to invest and buy Bitcoin.

In the US, the most popular channels are Coin Base, Bit Stamp and Local Bitcoins. Each has its advantages and disadvantages, so do your research to find the best fit for you.