Investing in bitcoins is seen as a lucrative opportunity by investors as these investments are non-taxable. You can get high returns because of bitcoins’ high volatility, this is however quite tricky.
There are several websites that allow you to invest in bitcoins or any other cryptocurrency.
Here is the list of best websites that offers investment options for bitcoin enthusiasts:
This is an investment platform that was limited to users in Europe only, but they are now allowing traders from the US as well. You get a list of assets that you can purchase or sell through this online platform.
Coinbase is another popular platform that allows you to invest US dollars directly.
Robinhood allows free crypto trades on their platform which is why this is a good option for beginners. However, it is limited to some states only which is a huge drawback for the platform.
This platform allows you to directly deposit bitcoins making it really easy to use and manage.
You can trade multiple currencies with a margin on trade on this platform.
You may see this as the most advanced bitcoin exchange platform.
You can use Binance for new currencies and easy management of your investments.
This is a platform that you should look into for Ripple.
Kraken.com allows you to do margin trading.
You can buy cryptocurrencies with a credit card on this platform.
How To Invest In Bitcoins?
So now you know the platform for investment purposes. The next step is how you can invest in bitcoins. For that, you should open a brokerage account in a firm that allows you to invest in bitcoins. You thereafter, transfer funds to this account and but bitcoin stocks using these funds. Lastly, you can sell these stocks for more profit. The only difference between stocks and bitcoins is that you buy bitcoins instead of stocks.
We see that the only difference we see in these investments is the rate of trade on different exchange platforms. You might get different sets of rates and trading options on different apps as well.
To purchase bitcoins you need to use an exchange platform like coinmama. That allows you to invest or buy bitcoins or other digital currencies from your credit card. die Methode is really simple you just have to create an online account on coinmama where you can add money directly to your account with the help of your credit card. Although, you might have to pay certain charges while using these apps as processing fees for the exchange. If your bitcoin wallet doesn’t allow you to buy bitcoins through exchange platforms or credit cards you can use wallet transfers as well. This is another way you can use to get bitcoins to your online wallet.
Investing in bitcoins is just like any investment in the stock market. You just need an online account to carry your bitcoins, that is safe and secure as security is another major concern in bitcoin investments. However, there are still many companies that do not recognize bitcoins as a legitimate form of currency which makes it really difficult to exchange bitcoins online. Although, bitcoins are still considered a profitable form of investment in the market.
David Robson is the founder of Complus Alliance. He has been writing about different topics for almost 10 years. He’s main focus is delivering quality insights to a wide array of audience.