In 2009, Satoshi Nakamoto gave birth to bitcoin, the world’s first fully decentralized cryptographic financial network. After the first bitcoin was introduced, people who even invested small sums saw their investment rising.
Even with fairy tales like this, the idea of investing in this digital currency was funny, especially a few years ago. In 2013, the price in mid-2015 shifted from a high point to half the value.
Bitcoin has gained increasing control as more institutions receive payments in Bitcoin in the physical world. Now, in the business world, you can easily buy appliances, furniture, pizza or book a hotel and rent a car through major stores.
The fact that bitcoin is fully digitized, many people still do not know how to buy bitcoin.
There are a few steps that should make your first purchase, but if you are ready and want to follow, we will teach you how to quickly buy Bitcoin.
Look For a good wallet of Bitcoin
Digital “wallets” are used to store Bitcoin until you are ready to issue or exchange for another currency. Portfolios vary depending on features, platforms on which they can be used, and security, so it’s important to choose the one that works for you.
When you find a wallet that covers all the important features, you download them to the right platform.
For beginners, we recommend starting with a simple wallet that facilitates transfers. These portfolios can be downloaded for free, but conversion fees may be charged when converting money into other accounts.
Check for the prices
A good app or trading platform shows you the current price for a certain period, as well as swing trends. Once you decide to buy bitcoin, you will receive an exact purchase price. You can buy with your account details. Also, there are amazing ways to buy bitcoins without a bank account.
Select the correct Bitcoin trader
If you want to know how to buy Bitcoin without a broker, the easiest way to use the exchange. There are a lot of exchanges out there, with different performances. Some of them are less reliable than others and some may be quite limited, so it is important to choose a suitable exchange. If you compare exchanges, be sure to look at the costs that are calculated for the purchase of Bitcoin and what payment methods are offered.
Download the app
It is useful to use an application like Coinbase because today we often manage the lives of our phones. However, if you do not like working on small screens, you can also access CoinBase through your desktop.
Be informed about economic trends
In the past, the price of the battleship was extremely volatile. Although the price is now more than $ 17,000, the price of one battle sometimes dropped by 50%. It is therefore important to protect your investment by keeping up with the latest trends in the market.
Finally, at the end of the day is really just speculative. Basically, money gambling in the hope that if you buy Bitcoin today, tomorrow someone will buy at a higher price from you. Cryptocurrency technology may have a value, but bitcoin is actually not there. If you are an investor value, it may be wiser to stick to your scope to ensure you protect your principal at all costs and not stuck in the hype.