Because of the cryptocurrency market’s explosive expansion in recent years, more people than ever are looking to invest in Bitcoin to potentially earn market-beating profits.
This article will go through how to trade in Bitcoin in-depth, including a review of the leading trading platforms on the market and how you can get started investing in Bitcoin right now – with tight spreads and no hidden costs!
Quick Guide to Investing in Bitcoin
Bitcoin investing does not have to be difficult. The four simple steps to buying Bitcoin using our suggested trading platform, eToro, are outlined here.
To sign up for an account with eToro, go to their homepage and select ‘Join Now.’ Your money is in jeopardy.
Using a credit/debit card, a bank transfer, or an e-wallet, deposit at least $10 into your trading account.
Search for Bitcoin — Type ‘BTC’ or ‘Bitcoin’ into the top-right search field, then click ‘Trade.’
Invest – Enter the quantity of Bitcoin (mini..) you’d like to invest.
What are the Best Places to Invest in Bitcoin?
We’ve found the two most reliable and secure platforms for making your first bitcoin investment.
1. eToro – Overall Best Broker for Safe Bitcoin Investing
eToro is our suggested trading platform for those interested in investing in Bitcoin. With over 23 million registered members and operations in over 100 countries, the eToro exchange enjoys a great reputation internationally. The fact that the eToro platform is regulated by various top-tier agencies, including the FCA, ASIC, CySEC, SEC, and FINRA – and is licensed by the FSCS in the UK – is one of its most compelling features.
When you open or close a trade on eToro, you won’t be charged a transaction fee. Instead, the site uses a spread-based structure with a BTC trading spread of only 0.75 percent. The amazing thing about eToro is that you obtain entire ownership of the underlying crypto asset when you trade it. Furthermore, there are no deposit or monthly account fees with eToro, making trading highly cost-effective.
2. Binance – The Best Bitcoin Investing Platform with a Wide Range of Assets
Binance is another alternative if you want to invest in Bitcoin. Binance is the world’s largest cryptocurrency exchange, according to CoinMarketCap, with over $22.6 billion in trade volume in the last 24 hours. Binance distinguishes itself from many of its competitors in the industry by offering over 500 crypto assets to trade, including altcoins, ERC-20 tokens, and a variety of other cryptocurrencies.
What is the best way to invest in bitcoin stock?
Bitcoin stocks are another option to examine. If you’re wondering how to invest in Bitcoin stock, it’s the process of buying shares in firms that have a connection to the cryptocurrency. Although Coinbase and Riot Blockchain is just two of the most popular, many companies fit this condition.
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