How to Invest in Bitcoin Safely for Beginners 2022

How-to-Invest-in-Bitcoin-Safely-for-Beginners-2022

Due to the exponential growth of the cryptocurrency market in the last few years, more people than ever are looking to invest in Bitcoin to potentially generate market-beating returns.

This article will discuss
how to invest in Bitcoin in detail, reviewing the top

How to Invest in Bitcoin – Quick Steps

Investing in Bitcoin doesn’t have to be complicated. Found below are the four quick steps you need to take in order to buy Bitcoin with our recommended trading platform,

  1. Open an account with eToro – Head to eToro’s homepage and click ‘Join Now’ to sign up. Your capital is at risk.
  2. Deposit – Deposit at least $10 into your trading account using a credit/debit card, bank transfer, or e-wallet.
  3. Search for Bitcoin – Type ‘BTC’ or ‘Bitcoin’ into the search bar at the top of your screen and click ‘Trade’.
  4. Invest – Enter the amount you’d like to invest in Bitcoin (minimum of $10), double-check everything is correct, and click ‘Open Trade’.

Where to Invest in Bitcoin

We’ve identified the two best and safest platforms to make your first bitcoin investment.

1. eToro – Overall Best Broker to Invest in Bitcoin Safely

Our recommended trading platform for traders looking to invest in Bitcoin is

When trading Bitcoin, eToro doesn’t charge a transaction fee when you open or close a trade. Instead, the platform employs a spread-based structure quoted at only 0.75% for BTC trading. The great thing about eToro is that when you trade crypto, you will gain complete ownership of the underlying crypto asset. Furthermore, eToro charges no deposit or monthly account fees, making the trading process very cost-effective.

How-to-Invest-in-Bitcoin-Safely-for-Beginners-2022-1

Users can make deposits from as little as $10, and eToro accepts a range of payment options, including credit/debit cards, bank transfers, and e-wallets – including PayPal, Skrill, and Neteller.

Finally,

Invest in Bitcoin on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Binance – Best Bitcoin Investment Platform with Huge Asset Selection

Another option if you’re looking to invest in Bitcoin is

Binance’s fees are some of the lowest in the industry, as the platform only charges a 0.1% maker/taker fee. However, if you hold any BNB in your trading balance (Binance’s native cryptocurrency), you can reduce these fees by 25% – meaning it’ll be only 0.075% per trade! When it comes to deposits, these are entirely free to make if funding your account in crypto or USD; however, if you’re looking to deposit in GBP or other currencies, there will be a small fee.

Invest in Bitcoin on Binance.

Your capital is at risk.

Should I invest in bitcoin?

Found below are three of the main reasons why traders and analysts believe Bitcoin is a good investment:

Great Store of Value

As reported by

Ultimately, this means that Bitcoin is expected to maintain its value in the future, whilst others may depreciate. Due to this attribute, investors tend to flock to stores of value during times of uncertainty, as they provide a good investment opportunity to store capital and maintain spending power.

Potential for High Returns

A quick glance at the BTC price chart will highlight the incredible returns that the coin has made during specific periods. For example, Bitcoin rose a staggering 1351% between March 2020 and April 2021 and even increased by 132% between July 2021 and November 2021.

How-to-Invest-in-Bitcoin-Safely-for-Beginners-2022-2

If you’re familiar with the equity market, you’ll know that returns such as these are sporadic. Thus, Bitcoin represents a great investment opportunity for those with a considerable risk appetite, as it can potentially generate returns that are larger than other asset classes.

Diversification Benefits

Finally, Bitcoin is an excellent addition to your portfolio if you want to increase diversification. An article by

This finding highlights how good BTC could be for portfolio diversification, as when equities fall, there’s a good chance that Bitcoin’s price movements could balance out some of these losses. Ultimately this is ideal for investors looking to improve the risk-return profile of their portfolio.

What is the Best Way to Invest in Bitcoin?

Now that we’ve discussed the question ‘Is Bitcoin a good investment?’, let’s take a look at the investment process. Found below are two of the most popular ways that investors can gain exposure to BTC’s price movements in the market.

Buying Bitcoin

Understandably, the most popular way to gain exposure to Bitcoin is by buying the cryptocurrency itself. By purchasing BTC, you’ll gain direct exposure to price movements. To provide an example of this, if you bought BTC when it was at $50,000, and it rose to $100,000 over the course of a year, you’ll have made a 100% return on your investment!

How-to-Invest-in-Bitcoin-Safely-for-Beginners-2022-3

Obviously, this can work the other way too, as any price decreases after your purchase will result in a loss. However,

How to invest in bitcoin stock

Another option to consider is Bitcoin stocks. If you’re wondering how to invest in Bitcoin stock, this refers to the process of purchasing shares of companies that have a relationship with BTC. Many companies meet this criterion, although Coinbase and Riot Blockchain are just two of the most popular.

How Much Should I Invest in Bitcoin?

A recent article by

Bitcoin Investment Numbers Explained

As you’ll likely be aware, the process of making money when BTC trading will be based on the price you invested at and the price that you close your position at. Here’s an example:

  • You invest $1000 in Bitcoin when the price is at $40,000
  • After one year, the price of Bitcoin rises to $100,000
  • You decide to close out your position and take your profits
  • As the price has increased from $40,000 to $100,000, which is a 150% increase, your investment amount will have also increased by 150%
  • Due to this, your $1000 will have turned into $2500!

It’s worth noting that most brokers and exchanges will still charge the spread when you close out a trade, which will reduce profits somewhat. For example, if the spread was 0.50%, the price the broker closes your position at will be 0.50% lower than the market price – this can essentially be defined as the broker’s ‘cut’.

So there you have it, some of the soundest ways to invest in bitcoin. Proceed below to open an account.

Invest in Bitcoin

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Disclaimer:

The above content is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto/NFTs are unregulated, highly risky, and there may be no regulatory recourse for any loss from such transactions. Readers to exercise caution/due diligence, and comply with all applicable laws, including but not limited to taxation laws. Above content does not constitute investment advice nor promotes, suggests or presents Crypto/NFTs to solve financial difficulties/achieve financial security/act as an alternative to employment/income opportunity.

due to the exponential growth of the cryptocurrency grocery store in the last few years, more people than ever are looking to invest in Bitcoin to potentially generate market-beating returns.This article will discussin detail, reviewing the top deal platforms in the marketplace and highlighting how you can make your Bitcoin investing nowadays – with tight spreads and no hide fees ! Investing in Bitcoin doesn ’ triiodothyronine have to be complicated. Found below are the four agile steps you need to take in order to buy Bitcoin with our commend deal platform, eToro. We ’ ve identified the two best and safest platforms to make your first gear bitcoin investment.Our commend deal chopine for traders looking to invest in Bitcoin is eToro. eToro exchange has a leading repute worldwide, boasting over 23 million registered users and manoeuver in over 100 countries. One of the most sympathetic aspects of the eToro chopine is that it is regulated by multiple top-tier entities, including the FCA, ASIC, CySEC, SEC, FINRA – and is licensed by the FSCS in the UK.When trade Bitcoin, eToro does n’t charge a transaction tip when you open or close a barter. rather, the chopine employs a spread-based structure quoted at only 0.75 % for BTC deal. The bang-up thing about eToro is that when you trade crypto, you will gain complete possession of the underlying crypto asset. Furthermore, eToro charges no deposit or monthly account fees, making the trade procedure very cost-effective.Users can make deposits from vitamin a little as $ 10, and eToro accepts a range of requital options, including credit/debit cards, depository financial institution transfers, and e-wallets – including PayPal, Skrill, and Neteller.Finally, eToro actually excels when it comes to trade features and offers a alone ‘CopyPortfolio ‘ feature for all traders. This allows users to invest in a professionally managed portfolio without paying any brawny management fees. eToro even offers a ‘CryptoPortfolio ‘, which comprises many major digital currencies – allowing for exposure to price movements in the broader crypto grocery store ! Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.Another choice if you ’ re looking to invest in Bitcoin is Binance. According to CoinMarketCap, Binance is the earth ’ south largest cryptocurrency exchange, conducting over $ 22.6bn in trading volume during the final 24 hours. Binance stands apart from many of its competitors in the space thanks to its huge asset selection, as users can trade on over 500 crypto assets – including altcoins, ERC-20 tokens, and tied crypto-crypto trade pairs.Binance ’ sulfur fees are some of the lowest in the industry, as the platform entirely charges a 0.1 % maker/taker tip. however, if you hold any BNB in your trade remainder ( Binance ’ s native cryptocurrency ), you can reduce these fees by 25 % – mean it ’ ll be only 0.075 % per trade ! When it comes to deposits, these are entirely absolve to make if fund your report in crypto or USD ; however, if you ’ re looking to deposit in GBP or other currencies, there will be a small fee.Your capital is at risk.Found below are three of the chief reasons why traders and analysts believe Bitcoin is a good investing : As reported by Reuters, Goldman Sachs analyst Zach Pandl recently stated that Bitcoin is set to compete with gold as a store of value. Pandl noted that BTC already has a 20 % share of the ‘ memory of value ’ commercialize, with this percentage expected to grow even more in the years ahead.Ultimately, this means that Bitcoin is expected to maintain its value in the future, whilst others may depreciate. Due to this impute, investors tend to flock to stores of measure during times of uncertainty, as they provide a good investment opportunity to store capital and conserve spend power.A immediate glance at the BTC price chart will highlight the incredible returns that the mint has made during specific periods. For example, Bitcoin rose a astonishing 1351 % between March 2020 and April 2021 and even increased by 132 % between July 2021 and November 2021.If you ‘re conversant with the fairness market, you ‘ll know that returns such as these are sporadic. thus, Bitcoin represents a great investment opportunity for those with a considerable risk appetite, as it can potentially generate returns that are larger than other asset classes.Finally, Bitcoin is an excellent addition to your portfolio if you want to increase diversification. An article by Suisse Gold found that there was a bang-up degree of inconsistency between the returns made in the crypto market and the returns generated from the S & P 500.This finding highlights how effective BTC could be for portfolio diversification, as when equities fall, there ’ s a effective chance that Bitcoin ’ s price movements could balance out some of these losses. ultimately this is ideal for investors looking to improve the risk-return profile of their portfolio.Now that we ’ ve discussed the interrogate ‘ Is Bitcoin a good investment ? ’, let ’ s take a attend at the investment serve. Found below are two of the most popular ways that investors can gain exposure to BTC ’ sulfur price movements in the market.Understandably, the most democratic way to gain exposure to Bitcoin is by buying the cryptocurrency itself. By purchasing BTC, you ‘ll gain direct exposure to price movements. To provide an exemplar of this, if you bought BTC when it was at $ 50,000, and it rose to $ 100,000 over the course of a class, you ‘ll have made a 100 % return on your investment ! obviously, this can work the other direction excessively, as any price decreases after your purchase will result in a passing. however, buying Bitcoin is ideal if you ‘re a bad investor, as you ‘ll own the underlie asset and can add to ( or close out ) your stead whenever you like.Another option to consider is Bitcoin stocks. If you ‘re wondering how to invest in Bitcoin standard, this refers to the process of purchasing shares of companies that have a relationship with BTC. many companies meet this standard, although Coinbase and Riot Blockchain are merely two of the most popular.A recent article by Time interviewed numerous top fiscal advisors and asked them how much they ‘d recommend investing in cryptocurrency. Their answers ranged from 1 % of your portfolio to 2-5 % of your net worth, depending on your risk appetite. As you can see, cipher is advocating for placing big amounts of your capital into cryptocurrency due to its implicit in volatility, so it ‘s wise to develop a rigorous trade plan that works for you and your investing goals. This opinion is compounded by the EconomyWatch article on investing in bitcoin. As you ‘ll probably be aware, the procedure of making money when BTC trade will be based on the price you invested at and the price that you close your put at. here ‘s an exemplar : It ‘s deserving noting that most brokers and exchanges will still charge the spread when you close out a barter, which will reduce profits slightly. For model, if the gap was 0.50 %, the monetary value the broker closes your position at will be 0.50 % lower than the market price – this can basically be defined as the broker ‘s ‘cut’.So there you have it, some of the soundest ways to invest in bitcoin. Proceed below to open an account.Cryptoassets are a highly volatile unregulated investing merchandise. No UK or EU investor protection. Your capital is at hazard. additionally, 68 % of retail investor accounts lose money when trade CFDs with this supplier. You should consider whether you can afford to take the high risk of losing your money.The above message is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or inevitably endorse any of the content. Crypto/NFTs are unregulated, highly bad, and there may be no regulative recourse for any loss from such transactions. Readers to exercise caution/due application, and comply with all applicable laws, including but not limited to taxation laws. Above contented does not constitute investment advice nor promotes, suggests or presents Crypto/NFTs to solve fiscal difficulties/achieve fiscal security/act as an alternative to employment/income opportunity. disavowal : contented Produced by CryptoPR

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