Is it really possible to buy Bitcoins, sell them,
in short, do good business with them? If the world's most famous cryptocurrency
still enjoys so much success, the answer may simply be yes.
This does not mean that it is easy or clear. In
order to gain knowledge about these fascinating resources and the currently
available trading methods, it is necessary to know how to do it. Only in this
way "buying bitcoin" will be equivalent to "income".
This guide is designed to confuse Bitcoin and
offer some useful information for those who want to convert to a cryptocurrency
We will talk about Bitcoin in general, its
underlying process, and the possibility of making it available to brokers and
platforms. We will also mention some players who can help traders of all ranks
How to buy
The goal of many is to buy Bitcoin, or rather to
trade profitably, perhaps because of the success that it has enjoyed and is
undoubtedly attracted to. On the other hand, it is not only the most famous
cryptocurrency but also the first to win the limelight. Even today, despite a
constantly evolving offer and the ability to express very different assets, it
serves as a benchmark for all (or almost) digital currencies.
Those who are preparing to trade with Bitcoin
must consider one aspect: it is not an asset like others. This is not
technically so, it refers to a fairly new dynamic (at least at the time of
debut). It is not in terms of trading but in terms of price movements that
characterize it, unrelated to even the most chaotic equity due to volatility.
Therefore, the advice is to get information, own
Bitcoin, and know its dynamics in depth.
short: what it is and how it works
What Bitcoin is quite difficult to summarize in a
few lines? Because it is much more than the dynamics that point to technology
and its value. An abstract, not exactly at the material level, can be defined
as a kind of pioneer, the first indicator of a new and innovative resource
class, which illustrates a different way of understanding meaning.
Some already consider it a means of payment,
although it is still rarely used in this capacity. On the other hand, it is
plagued by strong volatility, the number of exercises that allow you to
"pay in Bitcoin", which is still in short supply.
Of course, Bitcoin is an investment asset. Its
price movement shows extreme volatility but there are many opportunities for
profit. Some compare it to equity because of the price trend.
That profile is determined by the technology
behind Bitcoin, which is special. First, it is a decentralized currency. There
is no one who can control the offer in isolation, which can cure market
distortion. Everything is in the hands of bargaining. Let me be clear, the
supply containment process exists, but they are precisely automated. References
me and a half.
Mining is the process by which the code on the
back of each bitcoin is extracted so that it can enter the market. To
"trash" Bitcoin, lots and lots of powerful computing capabilities are
On the other hand, halving the number of
"extractable" bitcoins occurs periodically. This is a way to
gradually reduce the offer.
it mean to buy Bitcoin?
Buying Bitcoin means owning the most important
digital asset in the world of cryptocurrency. It is about the ownership of a
decentralized digital currency that operates through mining nodes in a network
called a blockchain. Bitcoin Currency was the first to use a standard
transmission protocol, an innovative and innovative design that did not exist
So let's be brief. Where to buy Bitcoin? How to
invest and earn it? In this regard, the two most important approaches should be
mentioned, which have given rise to different ways of conducting business
Buy and sell directly through the
Use of derivative products through
Which of the two methods should be considered
more? As usual, it depends. Those who want to hold Bitcoin in the long run or
create a cryptocurrency wallet (wallet) can choose the exchange. However, those
who view cryptocurrencies as speculative instruments and thus want to profit
from them should consider derivative products.
The reason is simple: they are faster, less
expensive, and still allow you to take advantage of price movements. The most
widely used derivative products, and basically only in the hands of
cryptocurrency traders, are CFDs and contracts for differences.
CFDs are produced over the counter, so
technically outside the institutional circuit. However, they are safe, because
the companies that issue them are safe: brokers. It should be remembered that,
in fact, for brokers to operate - at least in Europe - they must be subject to
Below, we present some of the best brokers that
allow you to trade with Bitcoin and cryptocurrency in general.
Bitcoin with eToro
eToro is one of the big names in the broker
landscape. It has gained an everlasting reputation for copy trading, an
innovative service that allows one user to literally copy another user's
business. It’s not easy for analytics activity to go from market to market and
is necessary to identify the “winning horse”, but the service is attractive,
innovative, and potentially profitable.
You can also consult our guide on how to buy
Bitcoin with eToro.
For the rest, we are facing an excellent broker.
The offer is rich and offers mainly CFDs, obviously including Bitcoin. The
price policy is soft, as evidenced by the void of commissions, which are
replaced by low and variable spreads based on asset characteristics.
Bitcoin with Plus500
Plus500 is probably the best-known broker in the
world. Its reputation is justified by its quality of service, which is truly
excellent. The offer, which is really rich and varied, though made with CFD
only, is amazing. There is no asset class that is not represented, there is no
method that is not satisfied.
Plus500's costs are low, just like eToro. Here
too we find the void of commission and the presence of variable and diminished
spreads. The lowest initial deposit, then, is more than affordable. In the
background, a technological infrastructure capable of designing a comfortable
environment for traders.
Bitcoin with Capital.com
Capital.com is another very popular broker. It is
made up of sophisticated, varied, and rich offers as well as exclusively CFD.
Capital.com has some specialties. First, the offer of the account is very
important and fits the characteristics of the merchant, who has the feeling
that it is sewn on him.
After all, Capital.com offers the lowest initial
minimum deposit in the market. It only takes 10 dollars to start trading! In the
background, a method of trading costs that is consistent though: commissions
are zero, "normal" spreads in their place, which is very low.
How to buy
Bitcoin? - Conclusion
With this guide on how to buy Bitcoin, you will
be able to invest in the most relevant cryptocurrency on the market, especially
due to its popularity as one of the strongest in recent years. Remember that
you should choose to manage trading platforms that can give you confidence so
that you do not fall into scams.
So we suggest you work for the countless benefits
of a broker like eToro. You can use other brokers with great international
experience and just as safe to work with digital currency, it can be tailored
to your needs. Be sure to do your own research before you start investing in