As with most things in life, you must first buy it before you can put your money into it. It can be difficult to invest in Bitcoin. This is because you don’t know what the steps are. The Bitcoin Foundation partially funded the platform and has provided updates and improvements.
Investment
It is not a bad idea to invest in bitcoin as it has become a popular topic of interest. It is interesting to note that Bitcoin firms raised $2.2 million in 2012 only. Despite the decline in price, cryptocurrency continues to grow in both users as well as merchants that accept it for payment. How can you get involved in the action? It is easy to invest in Bitcoin if you just buy some.
It is easy to buy it today, as there are many companies in the United States and around the world involved in the buying or selling of Bitcoin. Coin Base is the best option for US investors. This company sells BTC at a markup of around 1% above the current market price. Bit Stamp is a better choice if you are looking for a traditional exchange. Users will not only trade with the company but also with other users. The company acts only as a broker.
Liquidity
It is greater and it is almost possible to find another person who will take your trade. Fees start at 0.5%, and drop to 0.2% if your trades exceed $150,000 within the last 30 days. These fees are in their own way investments mediums. The more you buy BTC, the more you will make if you store it or resell it at a higher cost than the one you purchased with real companies. You can also purchase bitcoins in other ways than exchanging.
Local Bitcoins is one of the most popular ways to buy bitcoins offline. This website pairs you up with potential sellers and buyers. The coins are kept in escrow by the seller, and can only be released to buyers after that. You should take extra precautions when buying bitcoins offline. Meet in public places during the day and, if possible bring a friend. Bitcoin is the hottest online thing right now.
Conclusion
Venture capital firms and investors bet that Bitcoin will continue to thrive. There are many ways to invest in Bitcoin and buy it. The most popular avenues for buying and investing in Bitcoins in the United States are Coin Base, Bit Stamp, and Local Bitcoins. Each one has its advantages and disadvantages so make sure you do your research to find which one is right for you.