How to start investing in Crypto?
You may ask yourself... How to start investing in Crypto? An easy-to-understand guide to the crypto market that will help beginners and expert alike.
1. How to invest in Bitcoin and Cryptos
There’s a good amount of confusion around where to start investing in Cryptos. And why should you invest in Crypto? Some people say “why not”. While others say that if you’re not involved with it you’re missing out on an incredible investment opportunity.
We won’t bore you with the basics here, but if you’re a beginner it’s better to start at the beginning. We also understand that for some people that’s easier said than done!
For all of the following tips, if you’re looking for a more in-depth guide, check out the How to Invest in Crypto guide, it goes into all the nitty gritty details and how you can get started without touching any crypto at all!
If you’re looking for a detailed tutorial, check out our comprehensive Crypto Trading guide.
2. How to invest in Bitcoin
Bitcoin and cryptocurrencies have been getting a lot of attention lately. The reasons for this are numerous, some people have been interested in crypto for years while some only really started hearing about it a few months ago. However, there are only two things that everyone can agree on: Bitcoin and Cryptos are awesome.
The truth is that they’re only going to get more and more popular and if you want to be a part of it, you should get involved. And the easiest way to do that is to get involved with crypto directly through investing. Here’s the best way to get started investing in Bitcoin:
2.1 Invest in Bitcoin: The Best Way to Buy Bitcoins
If you’re just getting started investing in Bitcoin, and you’ve never bought and sold anything in your life, you might feel a little lost. This is because buying and selling are the two most common ways to invest in Bitcoin. And with no previous experience, this can be daunting!
However, with a little bit of patience and practice you’ll be on your way to becoming an expert. So why not jump into investing in Bitcoin with one of the easiest methods there is? You can invest directly in Bitcoin through a digital exchange, and there are a number of digital exchanges. One of the most famous digital exchanges is Coinbase.
How to Invest in Bitcoin with Coinbase
This is a popular exchange because it’s trusted, it’s simple to use and it has an easy-to-follow tutorial. Coinbase is a US-based exchange, but they’re based in the UK (where the exchange is regulated) and they have strong customer support (which is always reassuring!).
If you use a debit or credit card, there is a 0% charge. If you don’t use one, there’s a 1% charge.
Once you have set up a Coinbase account, the next step is to deposit money. You’ll need to create a Coinbase wallet that will help you store your Bitcoins. And you’ll have to add money to the Coinbase wallet. You’ll need to add funds in the same way that you would if you wanted to buy physical money. The only difference is that you’re using digital money (and also known as cryptocurrency).
Once you’ve added funds, Coinbase will display the amount you’ve added. You’ll be able to view the wallet address and your balance. Note that your wallet will take a while to sync, this will take the order of hours or days. When it’s ready you can use Coinbase to trade. Once you’re ready to trade, you’ll be able to place buy and sell orders at 0% and a 1% transaction fee. In the example below you’ll be using $100 for buying and $50 for selling.
This simple method can be used to buy or sell a variety of cryptocurrencies. If you’d like to learn more about investing in Bitcoin, check out this Coinbase tutorial.
2.2 Invest in Bitcoin: Where to Buy Bitcoin
Not everyone uses Coinbase. If you don’t want to use Coinbase you can invest directly in Bitcoin with an online wallet. But be aware, Bitcoin is a lot more complicated than it looks! Most people who invest in Bitcoin choose an online wallet, because it’s easy to set up, and many people get invested by mistake.
There are many different ways to invest in Bitcoin, but many of them are unregulated and you could lose your money. And that’s where things get complicated! This means that you have to decide what to buy...
Comments
Post a Comment