Bitcoin has gained ground among today's investors.

Its supporters say it is the future of currency and investment, while its opponents argue it is a risky investment option that may not generate large returns.

Bitcoin was created by a group of programmers using the name "Satoshi Nakamoto".

But the real creator (s) of Bitcoin is still unknown to the public, reports Telegrafi.

Recently, Bitcoin valuation has risen more than 763 percent in just one year, slightly surpassing traditional gains in the stock market.

And it is becoming a decentralized, global currency, the

brand

reports .

Virtual "coins" or "tokens" are used in a cryptocurrency system instead of physical money.

But remember: "coins" have no intrinsic value.



What do you need to invest in Bitcoin?

Personal identification documents


Bank account information


A secure internet connection

If you are going to buy coins through a stockbroker, you may not need to provide your personal information or financial information because your stock broker is likely to have all of these registered.

Five Simple Steps to Investing in Bitcoin

Join a Bitcoin Exchange


Get a Bitcoin wallet


Link your wallet to a bank account


Place your order in Bitcoin


Manage your Bitcoin investments


You will need to decide where you want to make a Bitcoin purchase.

Most Bitcoin investors use cryptocurrency exchanges.

There is no official company "Bitcoin" because it is an open source technology, but there are several different exchanges that facilitate transactions with Bitcoin, reports Telegrafi.

When you buy a coin, it is stored in a "wallet", where all your cryptocurrencies are stored.

There are two types of wallets you can get: a "hot wallet" or a "cold wallet".

Hot wallets are more convenient because you will be able to use your coins online or through a software program.

Types of hot wallets


Electrum:

Software that allows you to save your coins on your computer


Mycelium:

A mobile-only application for Android and iPhone users


Your cryptocurrency exchange will have everything you need to buy.

How to manage your bitcoin investments?

Once you have purchased bitcoin, you can:


Use your bitcoins for online transactions


Keep your bitcoins for a long time in the hope that they will be valued


Do daily trading with your own currencies - that is, buying and selling coins with other Bitcoin owners, which can be facilitated in exchanging cryptocurrencies.

How much would you have invested for the first time?

To start investing in cryptocurrencies, you can buy a cryptocurrency platform that works for you, knowing that you will not share more than 10 percent of your investment portfolio for buying currencies.

/ Telegraphy /

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