What is Bitcoin?
Bitcoin is a type of cryptocurrency. That was invested in 2008 by an unknown person or group. In 2009, it was released as open-source software. There is no physical shape of this currency. You can only convert bitcoin currency into your country currency to use. By using bitcoin currency you can buy or sell online things in special markets. In America, you can buy products or services by using bitcoin cryptocurrency. It is the new and latest trending currency.
Bitcoin is used in some trading sites for different purposes. So, these sites help their beginner or expert users to buy bitcoins. In today’s world, everyone wants to invest in bitcoin. Because it becomes a rage of every business person.
Every person wants high profit. So, bitcoin cryptocurrency is provided for you to get a high profit. If you want to earn a high profit by using bitcoin cryptocurrency. You need a crypto savings account. These saving accounts pay you more than 12 percent.
In this article, I will tell you about some popular trading sites. That helps you o transfer money from your bank account to somewhere. This other account changes your currency into bitcoin cryptocurrency.
Top bitcoin and Crypto trading sites
- Bitcoin IRA
- Bitcoin.com Exchange
- BW trading site
- The PIT
I explain two bitcoin cryptocurrencies below. That gives you an idea of all other bitcoin crypto trading sites.
How to Invest in Bitcoin?
Invest in bitcoin cryptocurrency is like investing in stocks. So, if you know the method of stock investment. Then you easily buy bitcoins and get profit Bitqt
Steps to invest in Bitcoin for beginners
- Open brokerage account from that company that allow you to invest in cryptocurrency.
- Sends funds from your local bank account to a crypto brokerage account.
- Buy the stock with the help of funds that you transfer from your local account
- Sell your stock at the market rate. It will give you profit. But sometimes it becomes the reason to lose some cash.
- If you buy any stock the money will detect from your deposit funds. If you sell stock money add in your brokerage account.
As you see the method to buy the stock by using your brokerage account. The method of buying bitcoin currency is the same. You just need to buy bitcoin rather than stock in step 3.
But the method of pay for bitcoin is different. As you see in the above steps. You first need to transfer money from your local bank account to your brokerage account. Then, buy bitcoin by using the amount from the brokerage account. But on the other hand, some trading sites provide you the extra. It allows you to buy bitcoins by using your local bank credit or debit card.
Now, I am going to discuss how to invest in bitcoin currency in US citizens. This method may be different in your country. Because every country has there own rules and regulations. So, maybe this method is different in your country. But don’t worry there is only some steps to change in other countries.
How to Deposit USD to buy bitcoin or any other cryptocurrency
There are many cryptocurrency platforms. But coin base is one of the most famous platforms. It provides a straightforward process. I like Coinbase trading sites. Because, when you create an account on Coinbase. It gives you 5$ in bonus. It means you have 5$ in your stand-alone wallet.
Coinbase provides you the feature to connect with your bank account or credit card to transfer funds. You can easily transfer funds to your bank account. But if you transfer many from a credit card. It will take extra charges for transferring funds.
You can send funds to your wallet. If you send 10000 USD in your wallet, it shows your balance in USD form. But, if you use this USD to buy bitcoin. It will show both USD or Bitcoin balance. For example, you buy 5000 USD bitcoins. Your wallet show your balance
- 5000 USD
- 0.34 BTC
This BTC amount varies according to your country’s currency level. So, you can buy cryptocurrency by using a bank account and credit card.
Some types of Wallet’s
I hope, you will understand how to use bitcoin trading sites. And how to buy BTC by using a bank account or credit card on the Coinbase trading platform.
Direct Deposit of Bitcoin CryptoCurrency
In some cases, the trading does not allow to exchange or purchase BTC by transferring. They also do not allow users to buy bitcoins by using credit cards.
In this type of cases, you can deposit BTC from another exchange. In which, you can buy BTC by using your wallet address from the target exchange. Then, enter to source exchange with the BTC amount to transfer to the new exchanges.
This transaction may take some time. To exchange BTC and appear in your target wallet.
Coinbase is the most popular and widely used cryptocurrency in the United states. It is founded in 2021. Coinbase is a fully regulated and licensed cryptocurrency exchange. It has a license to operate in more than 40 U.S. states.
Coinbase is a handy trading site. Because, it allows their users to buy cryptocurrency via your Credit or Debit cards.
Steps to buy Cryptocurrency
- Register there self at Coinbase
- Complete your photo identity verification
- Now, open the ‘Payment Methods Page’.
- Click on ‘+Add Payment Method’ that is present on the right-hand side.
- Click on ‘Card’
- Add details and verify your Credit/ Debit card.
- Allow Coinbase to make the two small transactions.
- Don’t worry, Coinbase just makes 1.01 or 1.99 transactions in your local currency.
- Now, enter the amount. That you want to transact in the Coinbase app
- Coinbase provides an easy and user-friendly interface.
- The liquidity of Coinbase is very high.
- It is a solid variety of currency of altcoin choices.
- Coinbase pro version provides all its features in less price.
- If you use Coinbase, not a pro, you can beer high fees.
- Coinbase does not provide control wallet keys to its users.
Binance is the world’s largest bitcoin exchange trading site. It also provides the crypto exchange in the world by its volume.
I hope you will understand how to use the bitcoin trading site. I provide you all details about trading sites. I also give you the list of trading sites. And also I give you the give all crypto sites working by explaining two of them. I hope this article is helpful for you and easy to understand. If you have any problems or questions about this topic, please ask them in the comment section.
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