Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: Goldlife on March 08, 2021, 02:53:57 PM
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Investing in Bitcoin is all the rage but how exactly does a beginner get started?
Do you need to already have Bitcoin to invest?
Or do you transfer money from your bank account to somewhere and convert it to Bitcoin? What does that look like?
We’ll answer all of these questions and list 10 popular websites for investing in Bitcoin.
Going forward, we’ll use BTC, which is the symbol for Bitcoin on exchanges and trading platforms.
If you just want to earn a high return with crypto, you might consider a crypto savings account. These accounts pay up to 12%, but do come with risks (just like regular crypto investing). Check out the best cryptocurrency savings accounts here.
Bonus Offer: BlockFi is currently offering an amazing promotion where you can get $250 in BTC if you open an new account with $25 and meet qualifying criteria. Open an account here >>
Top 10 Bitcoin and Crypto Investing Sites
1. Coinbase
2. Gemini
3. BlockFi
4. Kraken
5. Robinhood
6. eToro
7. Bitcoin IRA
8. Crypto.com
9. Binance
10. Coinmama
How To Invest In Bitcoin
Investing in BTC is similar to investing in stocks, except far more volatile because of the daily swings in BTC. Here are the steps to invest in stocks from the beginning:
Open a brokerage account at a firm that allows crypto investments
Deposit funds from your bank into the brokerage account.
Buy a stock using deposited funds (cash balance).
Later sell the stock for a gain or loss. Funds are returned to your cash balance.
The main difference with BTC is for step three; you buy BTC or another cryptocurrency instead of stock.
With BTC, the above flow is similar in most cases but it depends on the exchange or trading platform. In some cases, you can buy BTC using your credit card or by transferring funds from your bank account.
For other platforms, you must transfer BTC directly. This is known as a direct deposit of BTC.
We’ll discuss how to invest in BTC for US citizens. The methods vary across countries because of differences in laws and regulations. Some countries require more private information than others to verify you are legitimate.
More info: https://thecollegeinvestor.com/21245/top-10-bitcoin-crypto-investing-sites/
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Is Robinhood still considered one, despite the recent mess with Gamestocks? Can they be trusted like that still?
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If you are willing to invest in Bitcoin, it is better after buying it on a reputable exchange, you can send it into a cold or hardware wallet for the sake of the security assets. here, I personally trust Binance as my trading platform and other exchanges that have really high expectation
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If you are willing to invest in Bitcoin, it is better after buying it on a reputable exchange, you can send it into a cold or hardware wallet for the sake of the security assets. here, I personally trust Binance as my trading platform and other exchanges that have really high expectation
Me too, I think binance is trustworthy. As long as I have done trading , I think It is safe. For now, bitcoin is suitable for short term investment because I see the bitcoin price is so high. that's more Safe than for long, I think.
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Thank you very much for the helpful sites. I knew about some for a long time, but I have not even heard about some of this list. I will definitely try them.
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I trust in Binance, BlockFi, and Kraken. I trust these three exchanges to invest my money because I'm using them for a long time without any challenges. There are many more including Kucoin, Bitrex, Bitfinex, and Huobi. But all in all, I use Binance and BlockFi for regularly investments.
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There are some good investment platforms out there right now that I think can make a good profit in the future.Of these, the platforms that I like the most
Binance
Etherium
Polkadot
Bitcoin
Litecoin
And other investment sites. Investing in them is more likely to be profitable in the future.
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I am more familiar with Binance and Kucoin than any other cryptocurrency exchanges. Here in my country, I started with Bitcoin by buying through a locally operating exchange and from there I also got into many other exchanges some are good enough while some are not so user-friendly. In dealing with cryptocurrency, there is always that learning curve most especially those who are already beyond their 40s. In the past, DEX were quite a headache and I am glad that new players are making sure that less techie people can still catch up.
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I am more familiar with Binance and Kucoin than any other cryptocurrency exchanges. Here in my country, I started with Bitcoin by buying through a locally operating exchange and from there I also got into many other exchanges some are good enough while some are not so user-friendly. In dealing with cryptocurrency, there is always that learning curve most especially those who are already beyond their 40s. In the past, DEX were quite a headache and I am glad that new players are making sure that less techie people can still catch up.
someone's habit with what has been done for a long time, is usually difficult to change if you don't experience something very crucial. so even though it may grow many exchanges will not shake people to change it.
I also use binance and kucoin, because I think these are also the best. but nothing else is not good and I don't use it. sometimes I also stop by bithumb, hitBTC and it also depends on the income from the bounty.
but indeed binance is currently the best exchange for me because it provides something we work on to finish from there. and don't forget that innovation is always renewable.
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If Binance is so reliable and a lot of people like it, so why Trustpilot review list is full of negative feedback? where are the problems?
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Actually all site work on bitcoin though all site are not same to deliver real services. There are some example of good site ;
Binance
Etherium
Polkadot
Bitcoin
Litecoin