As you know, Bitcoin was the first cryptocurrency released in 2009. However, it is not possible to trade/exchange a single coin with other cryptocurrencies.
A few years later, as more cryptocurrencies emerged, people started trading. The idea is simple, you buy bitcoin With debit card, you buy another cryptocurrency whose value you expect to increase.
The concept is the same as for real-life stock exchange.
People have to use cryptocurrency when trading. Thus, buyers and sellers can be matched. For example, you buy Bitcoin with debit card and want to use it to buy Ethereum. The exchange helps you find an Ethereum merchant that will allow you to trade.
Exchanges charge you a fee for doing this. Normally this fee is 0.1% per transaction. Investing in crypto money is so popular that billions of dollars’ worth of coins are bought and sold every day.
The “lucky” ones made serious money from it. There are now many people working for cryptocurrency on a full-time basis.
However, experienced people use many different tools to help them get the right coin at the right time. This includes software that allows traders to analyze previous pricing trends.
Still, one has to start somewhere! Unless you’re using more than you can afford to lose, it won’t hurt to try.
What Should Be Considered When Starting To Buy Bitcoin?
Before starting crypto money investment transactions, the most important thing to be aware of is the chance of losing your entire investment.
Cryptocurrency markets are very unstable. While some people earn a lot of money, others lose a lot of money. Never think of investing money that you can’t afford to lose.
The way you deal with your losses as an investor will lead to your success. A piece of advice for you: Never try to recover your losses by investing larger amounts. This is investing in your emotions and often causes people to lose money.
One of the other points that you should pay attention to before entering the cryptocurrency investment world does not take people’s opinions too much. You are not the only person who wants to invest in cryptocurrencies.
Pay attention to the people on social media you watch and read. Often, cryptocurrency projects can pay to advertise their coins. While this causes the price to increase in the short term, it decreases in the long run. So always do your research first.
If you have read our guide so far, you have now learned about crypto money investment, short-term and long-term investments, and things you need to pay attention to.
How to Start Investing In Bitcoin?
Since you want to invest in cryptocurrencies, the first thing you need to do is buy some coins! The easiest way is to buy Bitcoin, as almost all exchanges accept it.
Even if you prefer to buy Ethereum instead of Bitcoin, you can continue to use the guide below. Just think of places that are called Bitcoin as Ethereum.
When it comes to where to buy bitcoin, it will be very secure to buy and sell via Bitfera, the most respected bitcoin exchange worldwide.
The fastest way to buy bitcoins is to use your debit or credit card on Bitfera. Bitfera is an exchange and sells your Bitcoin at a good rate. Although there is a small fee for using your card, it is worth getting your coins right away.
Have an Account in Bitfera
Click this link to enter the Bitfera site. You will need to choose a username and a strong password. You also need to confirm your e-mail address and mobile phone number.
Then, you should verify your Bitfera account.
To be able to buy Bitcoin on Bitfera, you must first verify your identity. Follow the ultimate step by step guide below: