How do I invest in Bitcoins?
There are several ways to invest in Bitcoins. The individual steps to investing in a cryptocurrency are very similar regardless of your preferred platform. The following step-by-step instructions explain exactly how investing in Bitcoins works.
Bitcoin trading is mainly characterized by the fact that it is not controlled by third parties. It is a decentralized currency that can be traded independently of banks. Another advantage is the international link and interaction. Due to their independence, bitcoins have a worldwide appeal and therefore a very large reach.
Choose a platform: Think in advance whether you prefer to trade Bitcoins on an exchange platform or on the stock exchange. There are now a large number of exchange platforms and exchanges, so you can choose according to your preference.
Choose account mode: For newbies, many platforms offer the option to create a demo account at the start. The advantage of this is that you can trade without using real money initially and familiarize yourself with the matter. If you want to start making a profit with Bitcoins right from the start, you'd better forgo the demo account and invest real money right away.
Create an account: If you have chosen an account method, usually only a few details are needed to set it up completely. This requires the first and last name, as well as the e-mail address, a password and, if necessary, the bank details. Depending on the provider, it is also possible to create the account with your Google or Facebook account.
Confirm account: To fully activate your account, you will need to provide additional personal information to complete and verify your identity. In addition, in most cases you will have to give up your previous experience with trading bitcoin.
Depositing money: To buy Bitcoins, you need to have money in your account. Usually you can deposit the desired amount by bank transfer. However, many providers now also offer other payment methods, such as PayPal, credit card, Giro pay . Here you can easily choose your preferred payment method.
Buy Bitcoins: After depositing the money, nothing stands in the way of trading Bitcoin. The platforms often offer trading not only in Bitcoin, but other indices as well. So choose bitcoin from the cryptocurrencies and finally decide how many bitcoins you want to buy exactly.
A direct investment in Bitcoins is particularly suitable for beginners.
The instructions described here relate to the direct purchase of cryptocurrency es. However, there is also the possibility to invest indirectly in Bitcoins.
In this case, you first buy a contract, which in turn allows you to buy Bitcoins at a fixed price. However, this variant is much more complicated and expensive than the direct investment.
