Extreme rise of cryptocurrencies force most of us to ask ourself how to buy bitcoin. We all heard the news about dramatic increase in value of this cryptocurrencie.
Even Tesla and SpaceX owner Elon Musk advise people to invest in this cryptocurrencie, but not many are familiar with bitcoin, how it works, and how and where to buy it.
So, let us help you with that.
Exploring new ways to invest in online bussines can be fun, and in Bitcoin case, it can also be very profitable.
But be careful, investing is always risky, esspecially when it comes to “new born” currencies, like Bitcoin. But it’s also true that you have to risk to make profit.
Investing in Bitcoin seems very popular these days. There is a very good reason for that. Value of Bitcoin has risen from 3,237 $ in December 2018. to more then 54.000$ in March 2021. This record rise in value is reason good enough to invest in something like this.
How to buy Bitcoin in just 4 easy steps
First thing first. You need to decide where you want to buy Bitcoin. Cryptocurrency exchanges like Coinbase, CashApp, Binance or Bisq are popular options for buying cryptocurrency in North America, Australia and European Union.
When you buy your cryptocurrency, you need to store them somewhere. Just like “real” money, you need a wallet for Bitcoins as well. Cryptocurrency are stored in digital wallets, which can be hardware-based or web-based.
You can use these kind of wallets on a mobile device, computer, and other devices.
Even though setting up a cryptocurrency account takes just few minutes, you need to be careful and provide some information, including your Social Security number and the number to your bank account, debit card or credit card to fund your bitcoin account. In some cases you will have to upload your picture ID for security reasons.
In conclusion, Bitcoin is an extremly speculative and volatile investment. Stock trading can give you a similar thrill — and picking stocks of established companies is generally less risky than investing in bitcoin.
But, it’s also true that Bitcoin, along with some other cryptocurrencies can be the future of world economy. Or at least big part of it.