Well, as with almost anything else in life – if not everything – you have to buy it before you can invest in it. Investing in bitcoin can be very challenging, and that’s if you don’t have a step ahead of you.
First you need to know that bitcoin is a type of cryptocurrency, one of the first digital currencies to be invented, designed and developed by Satoshi Nakamoto and released to the public in 2009.
And from there, updates as well as improvements have been made by a network of very experienced developers and the platform is partly funded by the Bitcoin Foundation.
As bitcoin has become a hot topic of interest and many people invest in it, it doesn’t hurt if you get some digital wealth too. It is interesting to note that in 2012, bitcoin companies managed to raise only $ 2.2 million.
Despite the fall in prices this year, the cryptocurrency continues to grow among both consumers and traders who accept it as payment.
So how can you be a part of the action? Investing in bitcoin for the average Joe can be easy if he just buys some.
Buying it today is easy, with many companies in the United States and everywhere 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 premium that is usually about 1% above the current market price.
If you want a traditional exchange, Bit Stamp may be the better option because users who will not only trade with the company but also with consumers.
The company acts only as an intermediary. Liquidity is higher and you can almost always find another person to take over the other side of your trade.
Fees start at 0.5% and go up to 0.2% if you’ve traded over $ 150,000 in the last 30 days. All this is already in its own way, an investment, because the more you buy BTC, the more profit you will make if you decide 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 in a different way than the exchange. One of the most popular routes for so offline is Local Bitcoins, which is a website that connects you with potential buyers and sellers. Upon purchase, the coins are locked by the seller in the deposit, from where they can be released only for buyers.
But buying bitcoins offline should be done with some extra precautions, which are always common, 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 online right now. Investors and venture capital firms are betting that he is here to stay. For the average Joe, there are many ways to invest and buy bitcoin.
In the US, the most popular routes are Coin Base, Bit Stamp and Local Bitcoin. Each of them has its advantages and disadvantages, so do your research to find the right one for you.