Bitcoin has remained one of the most popular cryptocurrencies in the world since its inception in 2009. Investing or trading in Bitcoin, may be intimidating at first, but it is a speculative market with some risk factors. On the cryptocurrency market, we often come across numerous scams and frauds. As a result, before considering investing in Bitcoin, users should first seek out a suitable and safe location.
As a beginner, we may have a lot of questions about bitcoin investment, such as how does a beginner get started with bitcoin, do we need bitcoin to invest it anywhere, do we need to move money from a bank account to somewhere and then convert it to bitcoin, and so on. Below are few places to invest in Bitcoin.
With millions of registered users and a variety of innovative trading and investment tools, eToro is the world’s largest social trading network. It aims to make trading open to all, anywhere, and to reduce reliance on traditional financial institutions. eToro expanded its cryptocurrency offering, allowing clients to trade and invest in Ethereum, XRP, Litecoin, and other prominent Cryptocurrencies, after pioneering Bitcoin trading through CFDs in 2013. Users may also use eToro’s Crypto Wallet to buy Bitcoins and store them in a blockchain wallet.
Coinbase is the most user-friendly platform for buying and selling cryptocurrencies, especially Bitcoin. Over the last few years, the site has become a regular on-ramp for new crypto investors as one of the leading mainstream cryptocurrency exchanges in the US. The website is a safe place to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. COinbase was recently estimated at US$85 billion, propelling bitcoin and ether to new highs.
Hodlnaut is a cryptocurrency lending network that allows investors to benefit from their cryptocurrency assets through earning interest. Hodlnaut provides interest account holders attractive interest rates through lending their cryptocurrency to institutional borrowers that have been thoroughly vetted. The platform is rapidly growing to become one of Asia’s most exciting crypto lending destinations. Users can deposit Bitcoin or another cryptocurrency, gain compound interest on their investments, and collect payouts and withdrawals from the site.
Square Inc, a pioneer in the fintech industry, owns Cash App, a peer-to-peer payment service. Users may sign up for a free account, which will enable them to send and receive money instantly from other users in the same country. They can also fund their Cash App account with a debit card connected to an existing bank account, and then move funds from the Cash App account to the bank account instantly. Fortunately, the platform’s capabilities have extended beyond peer-to-peer payments. Users of the app will also receive direct deposit and ACH payments, as well as buy Bitcoin using the Cash App. The company began offering Bitcoin services in 2017 and now allows users to buy and sell the cryptocurrency.