Step-by-step Guide to Bitcoin Investment

Nicely, as with almost every other thing in life -if not all-, you have to buy this before you can invest in it. Investing in Bitcoin can be very challenging, and that is if you don’t have the step laid down before you.

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

And from thence, updates as well as improvements have been made by a network of very experienced developers and the platform has been partly funded by the Bitcoin Foundation.

Because bitcoin has become a hot topic of interest and a lot of people are investing in it, there is no harm if you too get some digital wealth.
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Interesting to note, back in this year, Bitcoin firms were only able to raise $2. 2 Million.

Regardless of the price decline this year, the cryptocurrency continues to experience growth in both customers and merchants that accept it as payment.

So how can you be portion of the action? Investing in Bitcoin for the average Joe can be simple is he simply outrightly buys some.

Buying this today has been made simple, with many companies in the Unites States and all over mixed up in buying and selling business.

For US investors, the easiest solution is Coin Base, which is a company that sells BTC to people in a markup that is usually around 1% over the current market price.

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

The company only acts as a middleman. Liquidity is higher and you can almost always discover another person to take the other side of your industry.

The fees start at 0. 5% and go all the way down to zero. 2% if you have traded over $150, 000 in the past 30 days. All these are already in their own ways, investments mediums, because the more you purchase BTC, the greater profit you will be accumulating if you choose to store it or resell it to other traditional buyers at a higher price than the one you bought with the genuine companies.

You can also buy bitcoins yet another way other from exchanging. One of the most popular routes for so offline may be the Local Bitcoins, which is a website that pairs you up with potential buyers plus sellers. When buying, the cash are locked from the seller within the escrow, from where it can be released only to buyers.

But buying bitcoins offline should be done with some extra safety measures, which are always usual, as you would when meeting a stranger. Satisfy during the daytime at a public location and if possible, bring a friend.

Bitcoin is about the hottest thing online today. Investors and venture capital firms bet that it is here to stay. For the average Joe, several ways exist to get into investing and buying of Bitcoin.

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