Bitcoin is a decentralized digital currency system, designed to give Internet users the ability to process transactions through a digital exchange unit known as Bitcoins.
The Bitcoin system was created in 2009 by unknown developers. Since then, Bitcoin has gained great attention and also controversy as an alternative to the euro, the US dollar and common currencies such as silver and gold.
Bitcoin did not receive much attention in the world of finance and commerce before the year 2009. It increased in the period 2011-2012, when it gained more than 300%. Bitcoin’s value has grown over 400% since August last year. As a result, venture capital firms and investors around the world continue to place importance on cryptocurrency.
In the first half of 2014, venture capital firms invested $ 57 million in Bitcoin in the first quarter, followed by another $ 73 million in the second quarter, totaling $ 130 million, which is 50% higher than last year’s sum $ 88 million. This is in stark contrast to the scenario in 2012, where Bitcoin companies have accumulated a relatively small sum of $ 2.2 million.
These statistics prove unequivocally that Bitcoin is worth your investment, which begs the question: how can you invest in and buy Bitcoin?
Guideline for Bitcoin investment:
The least complicated and easiest method of investing in Bitcoins is by buying bitcoins. There are many established companies, mainly in the United States and abroad, that are dedicated to the sale and purchase of bitcoins, abbreviated as BTC.
BitStamp complies with the requirements of a conventional bitcoin exchange. Here the liquidity is higher and you always have a good chance of finding someone who is willing to do business with you. There is a 0.5% upfront fee, which can be reduced to 0.2% if you trade $ 150,000 over a 30 day period.
Coinbase supplies its customers with BTC for about 1% more than the existing market price. US residents have the option to synchronize their Coinbase wallets with their bank accounts. As a result, future payment transfers become free. This company also offers the option to automatically buy bitcoin from time to time.
Remember the conditions before you start using this service. If you have subscribed to an automatic currency exchange service, you will not be able to control the price at which BTC is purchased monthly. Note that Coinbase does not function as a Bitcoin exchange, so you buy and sell the coins directly from the company. Since the company needs to obtain currencies from other buyers, you may encounter delays or interruptions during the order during rapid market movements.
Using local currencies is an alternative way to buy Bitcoins
Bitcoin is not just a modern trend. Capital investment companies consider Bitcoin a decent replacement for conventional currency in the long run. Above are the best ways to enter the realm of bitcoin investments.