In 2017, bitcoin became the most popular term used in the financial industry. That’s because the digital currency saw a massive increase in value and people were eager to jump on the bitcoin investing bandwagon. In 2019, the bitcoin forecast is looking just as good as it did last year. In fact, financial experts are predicting that its value will increase by a staggering $500,000 for a single coin by the year 2020! So what does that mean for you? It means that now is the time to invest in this cryptocurrency!
You may be thinking to yourself, “I have no experience in investing whatsoever, and I don’t have the slightest idea about technology. How can I successfully invest in bitcoin?” The good news is you don’t need any experience! In this guide, we’ll teach you how to easily buy cryptocurrency and see a great return on your investment.
Join an Exchange
First things first
If you want to buy bitcoin, you’re going to need to sign up for an exchange. While you can purchase bitcoins directly from other people, it’s a far better idea to purchase them through an exchange (also known as a broker). They’re much safer, you’ll get the support you need, and it’s just an easier way to buy them.
There are tons of exchanges to choose from. Some of the best known include:
Open Trading Account
Set Up Your Wallet
Once you’ve signed up for an exchange, you’re going to need to set up your “wallet.” Just like you need a wallet to hold your traditional money, you also need one to store your digital currency. This wallet stores a private key that will provide you with access to your bitcoins. This key also gives you the freedom and flexibility to move across marketplaces. In other words, you’ll be able to access your bitcoins even if you decide to use a different exchange in the future. You’ll need to provide the exchange you’ve chose with some information, including your name, email address, a password, and either a credit card, bank account or PayPal account.
Buy Your Bitcoins
Once you’re all set up, simply go to the “buy” section of the exchange you’re on. Choose the amount of bitcoins you wish to purchase. That’s all there is to it!
Given how easy it is and the incredible investment opportunity it offers, why not buy your first cryptocurrency today?