Bitcoin is known as the first largest crypto coin which has skyrocketed in 2021 making its investors rich. Since the price of $3,237 in 2018, the BTC price made a jump to far above $65,000 in 2021.
It often becomes the first ever crypto coin to buy for many. Today it has its own circle of admirers who prefer to keep some Bitcoin in their accounts along with other interesting crypto coins.
Bitcoins are most often bought with the help of exchanges. As a good alternative, users get them through stockbrokers or re-purchase from previous owners (peer to peer transactions). This article dwells on buying Bitcoin and remaining on the safe side when investing money in this fluctuating, yet already widely accepted digital currency.
A No-Brainer Way to Purchase Bitcoin in 4 Steps
As Bitcoin is a dominant force in the market, despite being quite slow and lacking the ability to perform complex transactions, it has a major role for crypto users who want to make it a subject of price speculation. The popular coin isn’t difficult to buy.
Step 1. Find a good exchange.
An exchange is a place where users can swap their fiat currency such as USD and EUR to crypto, or convert digital coins into different ones.
Most known exchanges include Gemini, Coinbase, and Kraken, yet, you can go for more conventional broker companies such as the mainstream investment broker Robinhood. An exchange will certainly ask you to make an account and tie it to your bank cards (many of them accept credit, debit, and some even prepaid cards). Be mindful of how many Bitcoin alternatives the platform is listing: at some places users buy only a dozen coins with a credit card while others extend opportunities letting you purchase all the newest tokens and coins.
Step 2. Decide how you are going to store Bitcoin.
The place to store the digital currency should be defined not after you buy BTC with debit card, but best before it. Bitcoins can be stored in hot and cold wallets. The first type completes transactions faster but stores your funds online whereas cold storage might take longer to send crypto but has extra security measures. Popular wallets include Trezor and Ledger Nano. Still, don’t put your hope only in the reliability of a wallet: protect it with a strong password and additional verification.
Step 3. Purchase Bitcoin.
The easiest way is to do it at a familiar exchange with a function to buy Bitcoin with credit card. Switchere is one of such exchanges (working also as an app) that stands out with a range of features like advanced security for bank transfers and SSL encryption, WYSIWYG checkout mechanism, hundreds of tokens available, and being a licensed place regulated by the law. Switchere also lets you buy Bitcoins with debit card no verification anonymously.
It is easy to count the whole price of the purchase with calculator tools often located on exchange sites. After the account is linked to the card or bank account, decide how much BTC you are ready to buy (or opt for a fractional share like 0,1, 0,5, 0,8 etc,).
If you had thought that Bitcoin investments are just for the well-off, we will ruin this myth by saying that you can start with as low as $30.
Step 4. Know how to manage your digital investment.
Having Bitcoins in your wallet doesn’t make you a successful investor. To become one, think of the trajectory to manage your crypto after you buy Bitcoins with debit card at an exchange. Holding is just right in case you don’t like monitoring the price every day and wouldn’t like to sell the asset instantly. Besides, Bitcoin is one of the most popular coins to incest in the long haul when the time of returns is unimportant. However, we advise that you should research much about the coin before making any steps to buy BTC with credit card, paying special attention to taxation rules.
As you can see, one doesn’t need any superpowers to buy Bitcoins with credit card no verification with using a credit card. Take time to learn as much as possible about the coin you target as a future investment and use reliable exchanges to do it safely, buy BTC at a good time, and come back to such exchanges for more profit.
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