Some information about the Bitcoin trading platforms for serious traders.
Why do so many people invest in Bitcoin? How exactly does one invest in Bitcoin? How does one buy and sell Bitcoin? Which is the best Bitcoin exchange platform that offers safe solutions for crypto exchange?
Bitcoin is by far the most common crypto-currency ever. Millions make regular investments in Bitcoin, and even those who haven’t invested in Bitcoin, are talking about it.
One of the best ways to realize a decent return on investments is to buy into Bitcoin through a crypto savings account.
How to Invest In Bitcoin
It is a lot like buying stocks. The major difference is that Bitcoin is more volatile because the value of Bitcoin is more unstable.
We are now going to go over the step-by-step process of investing in Bitcoin.
- Open a brokerage account with a financial investment company that provides crypto investment services
- Deposit money into your brokerage account
- Buy shares with the funds you deposited
- Sell your stocks some time, hopefully at a profit
When you get to step 3 you will see the difference because you will be buying Bitcoin and not stocks.
Some platforms even allow buyers to use credit cards to buy Bitcoin. Or even to use bank account transfers to buy Bitcoin. Some of the Bitcoin trading platforms will let users carry out direct deposits of Bitcoin by directly transferring Bitcoin.
The Procedure of Bitcoin Direct Deposit
When you want to directly deposit Bitcoin, you cannot use credit cards or bank funds. You have to deposit Bitcoin directly from a different Bitcoin trading platform.
You will embed the address of the platform’s wallet and into the source exchange together with the quantity of Bitcoin before transferring it to your new Bitcoin trading platform. It sounds a little complicated, but it is really a fast process that takes a couple of minutes.
The Best Bitcoin Trading Platforms
Here are some of the best Bitcoin Trading Platforms available now
Coinbase
Coinbase enjoys the highest ratings and popularity among users for allowing people to buy bitcoin directly in US dollars.
On Coinbase, you can buy Bitcoin, Litecoin, and Ethereum as well as 30 more digital coins and tokens. You can also earn interest on USDT or complete tasks to receive tokens.
Gemini
Gemini is an attractive Bitcoin trading platform because it offers users more security and a more transparent process of investing in Bitcoin. Gemini has a policy of investing more in securing customer’s investments.
BlockFi
BlockFi allows Bitcoin investors to not only buy Bitcoin, but also to lend and make interest on it. When you want to cash in on your Bitcoin, you can either borrow on it or sell it.
Robinhood
Robinhood is a free platform for crypto currency investment and trading. But only a few states have access to this facility which covers Ethereum as well as Bitcoin.
eToro
eToro is huge all over Europe and the UK but still new in the United States. eToro is a Bitcoin Trading platform that offers investors a buffet of digital assets they can invest in.
If you are new to Bitcoin, eToro offers a pretend trading account for users to practice investing and trading in Bitcoin before using real money.
Bitcoin IRA
Here is one unique Bitcoin exchange service. Bitcoin IRA users can exchange currency efficiently and their trade is regulated as well as their gains taxed.
On this platform, you can enjoy the features of a crypto wallet as well as a trading platform.
Coinmama
Coinmama offers a higher degree of versatility. Users can buy Bitcoin using a range of methods, including debit and credit cards, bank transfers, and Apple Pay accounts. The tokens on coinmama are immensely popular.
This list of 7 platforms is by no means exhaustive. There are other platforms like Hitbtc.com, Kraken.com, and Binance.
Once you understand Bitcoin, it is easy to invest because Bitcoin is so similar to stocks. Except that you are not buying stocks.