In terms of cryptocurrencies, Bitcoin is not only the pioneer but also the one with the largest capitalization. While in 2009 1 Bitcoin was worth less than 100 euros, it recently reached the value of 50,000 euros. What to wonder if we should not invest.
Facilitating exchanges without an intermediary is the goal of Bitcoin since its inception by Satoshi Nakamoto. To create scarcity and value, the man claimed that there will be no more than 21 million Bitcoins that will be produced.
About ten years ago, it was still possible to mine Bitcoins thanks to the computing power of its computer. Today, as the value of this cryptocurrency continues to increase and the available number becomes scarce, the minage requires too much power and the best way to invest is still to exchange your euros to acquire one or part of a Bitcoin already mined.
Buy bitcoins by creating a virtual wallet
The easiest way to buy Bitcoins is to go through an exchange platform. These are plentiful, as are the scams. It is therefore essential to be vigilant, to be well informed (on Cryptoast.fr for example), and above all to favor recognized services. Some of the most popular include Etoro and Coinbase, affordable platforms for newbies that are also available as a mobile app.
Once your account is created on Etoro, you have a bridge secure to make your investments in various crypto-currencies, 14 in total, but also in securities. It is then possible to configure your credit card, your bank account but also a Paypal account. The latter will allow you to recover money quickly if you want to resell your Bitcoins after making a profit.
On his side Coinbase is strictly focused on cryptomonnaie and its handling is even simpler than on Etoro. 42 cryptocurrencies are listed, obviously with Bitcoin in the lead. However, only the credit card can be configured as a payment method.
For long-term investments, therefore with a large initial sum, favor Etoro. Coinbase is primarily designed for investments of short durations with the flexibility of being able to make small expenses in Bitcoin on the Internet.
Above all, do not forget to regularly monitor the price of Bitcoin to determine whether or not you should resell. your investments starting point in order to make a capital gain. Note also that it is possible to transfer Bitcoins for “cold” storage to hardware wallets in the form of keys USB secure. The French company Ledger is particularly well known for its products.
You will also be interested
Interested in what you just read?
