Bitcoin was the first digital currency introduced to the market in the year 2009. The basic unit of cryptocurrency is Bitcoin. However, each bitcoin is subdivided into a term satisfiesand one satoshisis equaled to one hundred millionth of a bitcoin. As per the news, Bitcoins has gained huge attention in the market parallel to the controversy linked up with US dollars, Euros and also with commodity markets such as gold and silver. But as per the latest cryptocurrency news Bitcoins zoomed in price with approx 1,600% which is likely unthinkable for any other assets globally.
But here in this session of writing, we will educate the new bitcoin users that how to buy and invest these cryptocurrencies in the very simple way.
We read in many of the previous articles that Bitcoins are majorly used in exchanging means transactions. Local Bitcoins are often used to purchase Offline BTC; a website created and designed to link potential sellers and buyers in the market. Local Bitcoins are like a locker from the seller which only opens to release Bitcoins to buyers. Purchasing Bitcoins online is reliable and safe but purchasing it offline is not a good option. So before making a purchase offline meet the seller make sure to tag one friend with you for safer side.
Coin base is majorly working in the US, which provides its buyers with BTC at the estimated mark of 1% over the existing market price. One more benefits which is for US resident is that they can synchronize their coin base wallet with their bank accounts, which results in future hassle-free transactions while purchasing anything. Automatic purchase of Bitcoins in a regular period is one more provided by the company to their users. Suppose you are interested in purchasing 20 US dollar Bitcoins in the initial stage of every month, then coin base allows you to buy the next in the same amount and the same period.
Bit stamp only works on the requirement of conventional bitcoin exchange. Here Bitcoins acts as an intermediate which allows you to deal with the user, not to the company directly. Liquidity of finding a good buyer who is willing to trade with you is more in this case. Here an initial fee is charged which is near to 0.5% and can be reduced up to 0.2%; this works if you trade near to 150,000 US dollars in 30 days times.
Well, those who have stepped up for buying and investing this above mention information will help them in many ways. Bitcoins are not a just modern trend, but many of the industries and market are trapped Bitcoins. For a long run investment, virtual companies prefer Bitcoins as those of conventional currency. Numerous ways are there to be involved in the sphere of Bitcoin investment. As mentioned in the above article best and more popular channel to invest in Bitcoins are coin base, bit stamp, and local Bitcoins. Check which avenue ticks your box and do your homework to gather more information related to cryptocurrency.