Bitcoin has grown in popularity among today’s investors over the previous several years. There has been a lot of discussion regarding Bitcoin and other cryptocurrencies—proponents believe that they are the future of currency and investing. Meanwhile, opponents argue that they are a dangerous investment choice that may not yield significant returns. And how to invest in Bitcoin becomes an unignored topic.
Investing Bitcoin may appear complicated, but it is considerably simpler when broken down into steps. Purchasing Bitcoin is becoming simpler by the day, and the validity of exchanges and wallets is also increasing.
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Why Invest in Bitcoin
Bitcoin, the most well-known and first significant cryptocurrency, emerged in 2009 and continues to be the market leader. As of April 28th, 2021, its market capitalization — or total worth — is $1.017 billion.
Bitcoin’s outstanding performance as a currency and investment has attracted both traditional and institutional investors. Bitcoin, as an investing tool, offers the following benefits over conventional investments:
Because of the global creation of trading platforms, exchanges, and online brokerages, Bitcoin is probably one of the most liquid financial assets. With very minimal costs, you may quickly exchange bitcoin for cash or valuables such as gold. In addition, Bitcoin’s high liquidity makes it an excellent investment strategy for those seeking short-term profit.
Bitcoin Can Assist with Portfolio Diversification
According to Jodie Gunzberg, chief institutional investment strategist at Morgan Stanley Wealth Management, some investors have resorted to Bitcoin since its connection to stock market returns remains low.
“Bitcoin may provide diversification to a portfolio as it has had nearly zero three-year correlations with other assets, which is important given the rising and positive correlations that many asset classes have shown with mega-cap tech stocks,” she says. “A small allocation to Bitcoin in a traditional portfolio may improve returns and risk-adjusted returns without significantly increasing volatility or maximum drawdowns.”
Bitcoin and cryptocurrency trading are still in their infancy, with new currencies entering the mainstream regularly. This newness comes with its unpredictable price and volatility fluctuations, which may provide possibilities for a considerable profit.
Trading at Its Most Basic
Stock trading necessitates the possession of a certificate or license. To trade a company’s shares, you must also go via a broker. However, bitcoin trading is simple: just purchase or sell bitcoin on exchanges and store them in your wallet. Bitcoin transactions are also immediate, as opposed to stock trading orders, which might take days or weeks to clear.
How to Invest in Bitcoin
To invest in bitcoin, you can utilize an online cryptocurrency exchange. The following are the stages to investing in bitcoin:
- Create an account with a cryptocurrency exchange that allows you to invest in digital currencies.
- Deposit into your account.
- Purchase Bitcoin (BTC).
- Later, sell the bitcoin for a profit or loss.
How to Invest in Bitcoin Australia
Australians may wager on cryptocurrencies via a variety of platforms.
Here’s how to buy bitcoin in Australia.
Select a trading platform. Do your homework before deciding on an online exchange or trading platform. Most will enable you to open an account and purchase and sell in Australian dollars. Swyftx, Binance, CoinSpot, Digital Surge, and CoinJar are among the more prominent platforms.
Receive bitcoins in exchange for products and services. If you have a Bitcoin digital wallet to hold the currency, any company or individual can take bitcoins as payment. For example, you may get a Bitcoin wallet from the Apple or Google Play stores, and you’ll need to pick how you want to receive the money.
How to Invest in Bitcoin India
Several crypto exchange sites in the nation have made it incredibly simple to purchase and sell cryptocurrencies, such as Bitcoin and Dogecoin. WazirX, Zebpay, Coinswitch Kuber, and CoinDCX GO are some of the most popular Indian platforms. In addition, you may also purchase Bitcoin through international trading platforms such as Coinbase and Binance.
The purchasing and selling of bitcoin have also been simplified. All you have to do is sign up for one of these sites, go through the KYC procedure, send money to the wallet, and make the purchase.
How to Invest in Bitcoin Philippines
There are numerous methods to acquire bitcoin in the Philippines, including:
- legal crypto exchanges,
- peer-to-peer (P2P) markets, and
- the Abra service.
In addition, several banks and retail establishments, like 7-Eleven and Cebuana, have also collaborated with cryptocurrency exchanges to provide you with simple options to acquire bitcoin.
Those who want to buy from regulated firms can do so through the Bangko Sentral ng Pilipinas (BSP), which has been licensing crypto service providers since 2017. So far, the central bank has licensed 13 firms that follow its laws and regulations.
How to Invest in Bitcoin in South Africa
Buy Bitcoin using a Bitcoin exchange. Bitcoin exchanges such as Luno allow you to deposit fiat funds from a bank account into a Bitcoin wallet to transact in the digital currency.
Buy Bitcoin with a credit or debit card. It’s possible now to buy Bitcoin using a credit or debit card.
Use a BTM/VTM (Bitcoin ATM). It would help if you had a Bitcoin wallet loaded on your Smartphone, which generates a QR code that the BTM reads.
How To Trade On Bexplus
Trading crypto futures on Bexplus is easy. Once registered, you will have a 10 BTC demo account to get familiar with the platform, a trading account to earn your real profit, and a wallet account to get up to 21% annual interest.
No KYC. Just simply click sign up to enter an email address, the verification code you received, and set up a password. Then you can start your journey on Bexplus. After making a deposit, you can apply for a 100% deposit bonus.
After becoming a Bexplus user, you can trade BTC/USDT, EHT/USDT, LTC/USDT, DOGE/USDT, and XRP/USDT with 100x leverage. Bexplus also offers market analysis, notification of the market changes to keep you updated.
Bitcoin is a highly volatile asset with big and rapid price fluctuations, which offers significant rewards and carries a high level of risk. Before making any decisions, you must learn how to invest in Bitcoin properly. To protect yourself from market volatility, diversify your investment portfolio.