• Market Cap: $1,207.72 B
  • 24h Vol: $40.10 B
  • BTC Dominance: 44.67%

CryptoDirect

How to Invest in and Cryptocurrency

Today will cover three options for investing in Bitcoin or other cryptocurrency the first is buying actual Bitcoin span story side your personal Bitcoin wallet this method is probably the most complex but also our most recommended way to invest in Bitcoin of the with this option you’ll need to find a Bitcoin exchange deposit money into it and convert that money into midpoint what’s that stuff you need to get a Bitcoin wallet so you can move your coins off the exchange and into that wallet for safe keeping the second option sing in Bitcoin is. Trading with derivatives you won’t be buying the actual coins instead you’re buying a contract that mimics the coins Behavior if the coin goes up you can sell the contract for a profit but if the coins price drop you’re at a loss with derivatives there’s no need for a Bitcoin wallet since you don’t actually own Bitcoins just open an account deposit money and start trading derivatives also allow for leverage trading which means you can borrow money to increase the amount you want to trade however this option is considerably more risky and is suitable only for experienced Traders finally you can invest in a Bitcoin exchange traded fund or Bitcoin ETF for short investing in an ETF also means you’re buying a contract and not an actual coin ETFs are traded on regulated stock exchanges and try to mimic bitcoin’s price moves although they might not reflect bitcoin’s price with complete accuracy today there are still only a handful of Bitcoin ETF eTF investing is geared toward the average investor who doesn’t want to deal with opening accounts or downloading wallets you can invest in an ETF the same way you would invest in stocks through your bank financial advisor or conventional trading platform so there you have it our top three picks for the best ways you can invest in Bitcoin today once you decide which option is best for you you can find our complete step by by clicking the link in the description below this video and I’ll see you in a bit if you’ve enjoyed