Last updated on January 30th, 2020 at 06:10 pm
Even though it has only been a short time since Cryptocurrency emerged in the market, this decentralized and digital form of currency gained immense popularity across the globe.
As Cryptocurrency and Bitcoin experienced some unexpected fluctuations in prices, it provides an amazing opportunity for investors to get to earn big gains (of course, for those who are ready to bear the risk).
There is no denying that a plethora of websites are already established for Bitcoin investors in the digital market. For instance, online platforms such as Robinhood and Coinbase allow people to invest in Cryptocurrency and Bitcoin effortlessly.
However, the process of making an investment in such platforms is still a bit intricate than obtaining a traditional form of currency. Before we discuss the sites that allow you to invest in cryptocurrency or Bitcoin, let’s first have a look at the tips on investing in this digital currency.
How to Invest in Cryptocurrency
Cryptocurrency investment is as simple as finding a place to buy and a place to store it. In current times, cryptocurrency exchanges contribute to one of the most popular crypto investment platforms in the digital world.
You can also opt for other platforms for Crypto investments such as Bitfinex, GDAx, and Coinbase. You can purchase Bitcoin, Altcoin, and another form of Cryptocurrencies with debit cards. If you are not planning to invest a significant amount of dollars on Bitcoin, you have the option of buying these coins in a fraction.
If you are planning to make an investment in Altcoins, the chances are you must have some Ethereum or Bitcoin. The general rules suggest an individual cannot purchase Altcoin with paper money (the crypto enthusiasts often use the term ‘fiat currency’ to define the paper money such as dollars or euros).
Crypto Exchanges platform will charge you a certain amount of fee for processing your transaction. But the good news is there are plenty of other websites that connect the crypto investors with the sellers of the currency for free of cost.
LocalBitcoin site can be a perfect example. It is worth to note that the process of transactions in such platforms can be a bit lengthy and of course, there is this fear of dealing with a stranger and a certain amount of risk involved. What else? You cannot verify the Cryptocurrency of the seller here. Therefore, a majority of beginners prefer an easy and secure platform such as the Crypto Exchange.
Another option that has become trending lately is the Bitcoin ATM. Currently; there are approximately 4,000 cryptocurrency ATMs located in more than 75 countries. As the name itself suggest, Bitcoin ATM can be used to buy the cryptocurrency and have it sent to your wallet.
Popular Bitcoin and Cryptocurrency Investment Sites
Investing in cryptocurrency is somewhat similar to the investment made in stocks. The only difference is the investment in the former is a bit more volatile because of the unpredictable nature of the currency. Here we’ve come up with the list of 7 most popular Cryptocurrency platforms the investors should consider:
eToro is one of the leading digital Crypto platforms that have been around entire Europe and the United Kingdom for quite some time now. The website facilitates the buying and selling of a wide range of digital assets on its platform. The best part is eToro has a practice trading account that allows the user to try the investment procedure before using real funds. The platform is not available for traders in the United States.
As mentioned above, Coinbase is one of the most popular platforms as it allows people to invest in Cryptocurrency with USD. However, the type of digital assets Coinbase allows is limited to Ethereum, Litecoin, and Bitcoin. If you are looking for other digital investment products, you will need to search for some other platform.
If you do not want to pay a fee for digital transactions, go for Robinhood. You can expect a completely free of cost crypto transaction on this site. Robinhood is starting in a few states and with Ethereum and Bitcoin only. However, the company is expected to expand soon. There are limitations, but the free transactions can be a relief for Cryptocurrency enthusiasts.
Another popular Crypto trading platform that has been in the market for a while is Bitstamp. The site charges a reasonable amount of fee for connecting Crypto buyers and sellers. However, the simple exchanging procedure and high-security features make it an ideal platform for Crypto investors.
Coinmama allows a wide range of Cryptocurrency trading. The most popular currencies traded on the platform include Bitcoin, Ethereum, Ripples, and a lot more. The best part is the website allows investors to buy cryptocurrency using their debit or credit card. Furthermore, investors do not need to make a deposit in advance. They can place the order, make a payment, and get the Crypto Coins right away.
Hitbtc is one of the advanced Crypto Exchanging platforms that is especially known for its high security and encrypted technology. However, it charges a fee (which is reasonable) for every Crypto transaction.
Kraken is another effective digital trading platform that is well-designed for both experienced and novices. The site allows you to make hassle-free deposits and withdrawals, monitor your portfolio performance, and keep track of all your Crypto investments in one place. Kraken is the most suitable platform for newcomers who possess little to no experience in digital trading. The trading process is short and simple.
Investment in Cryptocurrency might seem a bit intimidating at first. But, investors should definitely try this digital trading to diversify their investment portfolio. Do you want to try something new and exciting? Of course, there is a risk, but with that comes the chances of big earnings and significant profits.
So, what are you waiting for? Choose any of the above-listed Crypto trading platforms, open your trading account, deposit money, and make your first digital investment. All the Best!
Dima Santarskiy is a digital marketing expert who seeks self-development. Loves to read news about cryptocurrency, ISO / STO, blockchain, and web development. Learn more about the cryptocurrency company in which he works. The company is also engaged in web development and relies on many years of experience of a team of qualified professionals.