Value of Bitcoin has been increased with the awareness of Cryptocurrencies as well as blockchain technology gained more. Bitcoin experienced immense highs gradually for its quick transaction modes. In the modern day, Bitcoin has gained more popularity and meteoric growth since its launch in 2009. The value of Bitcoin has increased to more than 30,000%, and the growth is quite incredible. People have been using Bitcoin to easily make quick transactions to the extent. With the advancement in Cryptocurrency, there are many numbers of people have started trading. The peer-to-peer technology especially assured to invest in Bitcoin and making trading completely easier. There is no centralized authority such as a Government or Bank. Bitcoin has become the most popular cryptocurrency in the modern day.
Also Read:- How To Buy Bitcoin With Debit Card
Is Bitcoin A Good Investment 2022?
Whether you are looking to grow the portfolio in the business, then making the right investment is quite important. These would provide you with the complete standardized method of the transactions. Normally, it is quite hard to predict whether the cryptocurrency has become a global reserve currency or stored value widely. Investing in Bitcoin is also one of the finest options. Main reason is that Bitcoin becomes revolutionary technology that is less risky in the year 2022 compared to 2012. Bitcoin has recently taken center stage across the global geopolitical climate. Normally, 2022 also gained as the year of massive adoption. Below is the reason for invest in Bitcoin. With getting the legal tender in 2021 El Salvador, a many number of companies are looking to move into innovation.
Liquidity:
Normally, Bitcoin is the leading liquid investment asset in worldwide establishments on trading platforms, online brokerages and exchanges. It is easier to trade Bitcoin for cash or the assets such as Gold. These are also available at a lower fee range. When there is higher liquidity with Bitcoin then it would be a great investment for short-term profit.
Better Options:
Bitcoin and cryptocurrency trading has been relatively young, so the new coins have become the mainstream on a daily basis. It would be a suitable option for enabling the newness which brings unpredictable swings in volatility and price. These would automatically create a better opportunity for profit.
Lower Inflation Risk:
Bitcoin and many other cryptocurrencies are immune to inflation compared to the world currency as they are regulated by the governments. Blockchain systems are infinite, so there’s no need to worry about cryptos losing their value to excellence.
Minimalistic Trading:
Stock trading gives you better hold on your license or certificate. It is quite a convenient option to go through trading with the company’s shares. Bitcoin trading in the modern day is minimalistic. It is quite a convenient option for buying or selling Bitcoin from exchanges. It is also quite an efficient option for placing them in the wallet.
Instant Transactions:
Whether you are looking to buy or sell Bitcoin, then you have a quick option for making transactions. The crypto transition is faster compared to that of stock trading, which takes more than days or weeks to complete.
Where To Invest In Bitcoin?
Bitcoin is especially available from the multitude of centralized cryptocurrency exchanges. These are safe exchange options in the U.S. and suitable to comply with SEC’s Know Your Customer (KYC) attributes. When you are looking for tax purposes, then making the exchange account would require inputting personal information. These also include the address as well as social security numbers. Below are the steps for investing in Bitcoin.
- Open an account with a cryptocurrency exchange
- Connect a bank account
- Deposit funds into your exchange wallet
- Buy Bitcoin (BTC)
- Buy Wallet (optional)
Top Cryptocurrency Exchange To Invest In Bitcoin:
Take control of your Bitcoin investment by choosing the best cryptocurrency exchange that is suitable for you. This brokerage allows users to easily gain Bitcoin by converting them into another crypto or spend the money by transferring it to anyone. Below is the list of top cryptocurrency exchanges to make the investments
eToro:
eToro is one of the leading Cryptocurrencies, which lets you to explore professionally managed portfolios easily. The cryptocurrency exchange platform also allows you to connect easily with the traders. Normally, the cryptocurrency exchange platform supports many numbers of purchases as well as the sale of many numbers of Cryptocurrencies. When you like to invest in Bitcoin, then choosing the secure cryptocurrency exchange platform is most important.
Coinbase:
Coinbase is the leading and efficient cryptocurrency exchange for buying and selling Bitcoin. You can easily check the list of popular assets that are available for you to trade. Now you have the better option to easily buy the portion of Bitcoin using the $0 account minimum. You can quickly pay for the purchase conveniently with your Debit Card or connect with your Bank Account. Owning the Bitcoin on brokerage is quite a simple option as it takes a short time to buy your cryptos.
Bitcoinira:
BitcoinIRA is also a top proprietary platform that allows to easily make the self trade crypto. It is also a convenient option for taking action right away by making a quick market move. Below are the steps you can follow
- Get customized dashboard
- A Digital wallet is available after account is created
- Fund account
- Access live pricing
- Learn more with the knowledge base
- Transfer IRA in easy steps
- Accounts will be ready to trade within 3 to 5 days
- Trade digital assets with the self-directed retirement account
- Buy, sell and swap anytime
- Self-trading area in the dashboard
Wunderbit:
One of the amazing options for buying Bitcoin is with using the Wunderbit. Normally, the platform provides you with a better way to buy and sell Bitcoin, altcoins and Ethereum at the best rates. Users can extensively fund accounts using the crypto or buy Cryptocurrencies with Credit or Debit Card. Wunderbit provides you with the unique option to increase the trading attributes to excellence.
How To Buy Bitcoin?
Steps 1: Choose Crypto Exchange
For buying Bitcoin or any cryptocurrency, you need to have a crypto exchange where the buyers and sellers would meet to exchange dollars for coins. In the modern day, there are more than hundreds of ways invest in Bitcoin, so you can easily opt for the suitable option to balance the use at lower fees. It is a convenient option to transfer your cryptocurrency from one exchange to the other.
For example, when you are looking to transfer Bitcoin from Coinbase to another crypto exchange, then you can easily make the process quicker. Get deposit address from crypto exchange for transferring the cryptocurrency. These involve with deposit address ready and transferring the funds.
Steps 2: Choose Payment Option:
Upon choosing an exchange, you can easily fund an Account before to begin investing in Bitcoin. You can fund the account through
- Net Banking
- Bank Transfers
- Mobikwik
- cryptocurrency wallet
- UPI
Some platforms may charge higher transaction fees for certain funding options, so it is necessary to know about the terms and Conditions of the excellence. Fees could easily get reduced how much money you can invest, and they tend to make quick electronic transfers from a bank account instead of the other process.
Steps 3: Place Order
When the account is funded, then you can easily place the order to buy the Bitcoin. You can easily purchase the crypto by easily clicking the button, or you can easily enter the Bitcoin’s ticker symbol or BTC. It is a convenient option to place the order or input the amount of money that you are looking to invest.
Steps 4: Choose A Safe Storage Option:
Normally, a crypto exchange uses an integrated Bitcoin wallet or preferred partner to hold the Bitcoin safely. Some people do not feel comfortable leaving the crypto connected with the internet. It is not a safer option for the investments as they could be stolen by hackers. Crypto exchanges can be stored in the majority of the customer assets in offline or cold storage. When you want ultimate security, then it is a convenient option to store Bitcoin in an online or offline Bitcoin wallet. When you move crypto off of the exchange, you can pay a small withdrawal fee.
Selling Bitcoin:
When you have decided to sell Bitcoin then, you can easily place the selling order using the exchange. It is quite a similar process as that of the BTC. These exchanges offer you multiple order types, and they are a convenient option to sell Bitcoin when it reaches a certain price range. You can conveniently place the order with simple techniques. It is quite a convenient option for selling the holdings of Bitcoin or a specified amount to the excellence.
You can transfer money to your bank account when the sale goes through. It is also quite a convenient option for holding them for making the quick transfer to the Bank account. Selling Bitcoin also makes you more profit to the excellence.
Conclusion:
When you plan to keep your crypto on your account with an exchange, then it is a good investment. It’s important to do research and understand when you’re getting into with any investment. You also need to make sure crypto investments do not get in the way of other goals, such as funding your retirement accounts or paying off high-interest debt.
