A lot of people are wrong to think that Bitcoin trading is only for cryptocurrency experts. Contrary to this general notion, anyone can buy and sell Bitcoin and other cryptocurrencies for profit. Today, I want to educate you on how to start Bitcoin trading without a hassle. By the way, you don’t need any special computer, software, or any other tool for that purpose. Instead, all you require is some cash to buy some bitcoins, which will serve as your capital. Having said that, let’s get started:
How to Invest In Cryptocurrency
So, how do you start bitcoin trading with ease? The first step is to determine the amount of money you wish to spend on bitcoins. Actually, you can start with as little as 1 cent. The minimum investment amount depends on the cryptocurrency exchange platform you choose to trade on. For example, the minimum amount you can invest in BTC on LocalBitcoins is 1 cent. While on Coinbase and Binance, the minimum investment amounts are 2 dollars and around 11. 4 dollars, respectively. Generally, the bigger or the popular the exchange website, the higher the minimum deposit. It’s all about the law of demand and supply.
What Are the Best Bitcoin Exchange Platform Worth Buying On?
There are literaly hundreds or so websites out there that are established to allow for buying and selling of BTC. Of course plus other digital currencies like Ethereum, Ripple and more. However, it should be noted that not each site is completely reliable and safe for investors. I’m saying that because many websites have been hacked into by cybercriminals who then stole people’s hard-earned money.
Personally, I like Coinbase because; one–it is highly secure plus it guarantees members absolute safety for their funds. Secondly, the website is so easy to use that you don’t even need to read all the instructions to get started. Third, it’s almost in every country. Remember that many digital currency exchange websites operate only in specific countries. With that said, you may read the guide to the top 5 legitimate cryptocurrency exchange websites available by clicking here.
The final step is to go to your desired virtual currency exchange website to purchase and start selling bitcoins. The good news is that most, if not all, websites offer multiple payment options. With that, you can pay with your bank account, credit card or debit card. Some websites including eToro accept PayPal as a means of payment.
To buy bitcoins on a website, just follow the simple instructions you see on the screen. The same goes for advertising your bitcoins on the platform. One thing you should keep in mind is that the price of bitcoins varies on different sites. So, you should make sure to choose a website that offers a higher profit margin to traders.
As you can see, you don’t need to be a millionaire to be able to invest in bitcoins. Likewise, you don’t need to be a cryptocurrency expert to be able to invest in bitcoins. All you need is some cash and knowing the right cryptocurrency exchange platform to work with. That’s all I had to tell you as far as how to invest in cryptocurrency goes. Good luck with it.