Investing in Bitcoin is all the rage but how exactly does a beginner get started?
Do you need to already have Bitcoin to invest?
Or do you transfer money from your bank account to somewhere and convert it to Bitcoin? What does that look like?
Going forward, we’ll use BTC, which is the symbol for Bitcoin on exchanges and trading platforms.
How To Invest In Bitcoin
Investing in BTC is similar to investing in stocks, except far more volatile because of the daily swings in BTC. Here are the steps to invest in stocks from the beginning:
- Open an account at a firm that allows crypto investments
- Deposit funds into the brokerage account.
- Start Investment using deposited funds.
- Later withdraw fund including profit and capital or simply re-invest.
The main difference with BTC is for step three; you buy BTC or another cryptocurrency instead of stock.
With BTC, the above flow is similar in most cases but it depends on the exchange or trading platform. In some cases, you can buy BTC using your credit card or by transferring funds from your bank account.
For other platforms, you must transfer BTC directly. This is known as a direct deposit of BTC.
We’ll discuss how to invest in BTC for US citizens. The methods vary across countries because of differences in laws and regulations. Some countries require more private information than others to verify you are legitimate.
Top Trusted Bitcoin Investment Firm
RB Investment is one of the most popular platforms and has a straightforward process. Some of the mentioned websites below will follow this same process. We love RB Investment because you get good daily returns of up to 2.5% daily if you invest the minimum of $100.
The mechanics of purchasing BTC involve entering a USD amount or a BTC amount. The website will then convert the other currency.
Investing in Bitcoin can really pay off, but before you start making money, you need to make a couple of smart decisions.
- The first and one of the most important is definitely choosing the right platform. There are many sites out there that advertise as Bitcoin investment sites, but don’t really do the job.
- Secondly, a lot of people get fairly confused by the fact that you can’t find an “investment” site.
So if you want to learn about some of the best and most trusted sites for investing bitcoins, simply browse through our list!
Top 5 Most Popular Bitcoin And Crypto Investing Sites
Here is our list of the 5 most popular Bitcoin and Crypto sties.
RB Investment is a Singapore Investment Company, Experience passive bitcoin investing on autopilot, They offer a huge variety of digital assets on their platform, and even better, RB Investment has been a revolutionary party of the Investment ecosystem. RB Investment system gives investors the power to get the most profit out of the Bitcoin industry with a seamless, safe, and secure environment. A managed Bitcoin trading platform built to help users invest in Bitcoin with ease and earn stable interest rates. They also allow the most method of transaction gateway
As we mentioned above, Coinbase is by far the most popular because you can invest directly with USD. However, you can only currently purchase Bitcoin, Ethereum, and Litecoin on the platform.
Get started with Coinbase here >>
Robinhood offers free crypto trades on its platform. They are starting in just a few states, and with just Bitcoin and Ethereum, but they plan on expanding this quickly. There are limitations, but it’s free!
Allows direct deposit of Bitcoin. Try Blockchain here.
Multiple cryptocurrencies. Try Binance here.
Investing in BTC isn’t much different from investing in stocks. With BTC, you need to open an account with a firm that accepts crypto. while for stocks, you open an account with a brokerage. Then you deposit funds.
The only difference with investing in BTC is that you have to purchase BTC, first using deposited funds.