Well, like almost every other thing 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 the step ahead of you.
First you need to know that Bitcoin is a type of cryptocurrency, one of the first digital currencies, invented, designed and developed by Satoshi Nakamoto, and released in 2009.
And since then, updates as well as improvements have been made by a network of highly experienced developers, and the platform has been partially funded by the Bitcoin Foundation.
As bitcoin has become a hot topic of interest and many people are investing in it, there is no harm in acquiring some digital wealth. It is interesting to note that back in 2012, Bitcoin companies managed to raise only $ 2.2 million.
Despite the fall in prices this year, cryptocurrency continues to grow both among customers and merchants who accept it as payment.
So how can you be part of the action? Investing in Bitcoin for the average Joe can be easy if he just buys something.
Shopping has become easy today, with many companies in the United States and widely involved in buying and selling.
For U.S. investors, the simplest solution is Coin Base, a company that sells BTC to people at a margin that is typically about 1% above the current market price.
If you want a traditional exchange, Bit Stamp may be a better option because you will be trading not only with the company, but also with the users.
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 business.
Fees start at 0.5% and go up to 0.2% if you traded over $ 150,000 in the last 30 days. All of this is already in its own way, investment media, because the more you buy BTC, the more you will get if you decide to store or resell to other traditional customers at a higher price than the one you bought from the real company.
You can buy Bitcoin in other ways besides exchanging. One of the most popular routes for so offline is Local Bitcoins, which is a website that pairs you with potential buyers and sellers. When buying, coins are locked from the seller in the escrow, from where they can only be released to customers.
But buying bitcoin offline should be done with some extra precautions, which are always common, as you would when you meet a stranger. Meet in a public place during the day and take a friend if possible.
Bitcoin is currently the most popular thing online. Investors and venture capital companies are betting that it is there to stay. For the average Joe, there are many ways to invest and buy Bitcoin.
In the US, the most popular ways are Coin Base, Bit Stamp and Local Bitcoins. Each has its advantages and disadvantages, so research to find what works best for you.