Despite years of brewing, the Bitcoin conversation reached a height in 2017 during which its value reached $19,000. In 2020, it surged and reached a new peak in 2021 but dipped again after a few months. Bitcoin and other digital currencies were once seen as highly volatile and left for experienced investors who had nroad knowledge of the market and knew about cryptocurrencies.
Today, governments and other institutions are beginning to relax the idea as they realize its value. Retail investors today are increasingly interested in getting this valuable cryptocurrency. According to a 2021 survey from the University of Chicago, 14% of Americans has invested in cryptocurrency this past year.
So, let’s talk about how you can acquire it and when the time is right to invest.
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Where You Can Get Bitcoins?
Bitcoins can be acquired in four ways which include; to join an investment brokerage like Robinhood, to buy on crypto exchange such as Coinbase or making payment with apps like CashApp, to use faucets to collect Bitcoins in exchange for performing a task or to find a cryptocurrency ATM or store.
Once you’ve received your cryptocurrency, you need to keep it safe in a wallet. Private addresses and Keys are used to reach the wallet, which are hardware-based or web-based. An investor can access their Bitcoins easily by using hot wallet, which is connected to the internet. You are at risk of theft and hacking, however, due to the vulnerability of the system.
Another way to keep your currency safe is a cold wallet since it is not connected to the internet. Your private addresses and keys would need to be copied out and stored somewhere. It is impossible to access your Bitcoin without your private addresses and keys. Keeping this information in a secure location is essential.
You can get more information regarding where to get your Bitcoin when you click here. We will provide you with all the necessary information you need.
Where to get Bitcoins
In these modern times, buying Bitcoins offline or online is quick and easy. There are many ways to purchase, you just need to choose the one that works best for you.
Cryptocurrency Exchanges
An exchange is a marketplace where traders sell cryptocurrency for fiat currency or other currencies. The majority of exchanges accept credit cards and bank transfers, while some also accept Paypal. For every trade, you’ll also be charged a transaction fee. There are many crypto exchanges to use, or you can stick to the most reputable and popular exchanges.
Investment Brokerage
Investing in cryptocurrencies is made easy with the help of a brokerage company. Robinhood, a company that offers commission-free trading and investments, is highly popular with retail investors. Start shopping right away after creating your account and funding money to spend.
Payment Services
The online platforms of payment services like Venmo, Paypal, and CashApp have recently updated new features that let users sell, buy and hold cryptocurrency. CashApp, for example, now has devoted a whole tab to Bitcoin.
Furthermore, CashApp also offers Bitcoin Boost, a way to receive Bitcoin by making purchases with the CashApp card. It is similar to cash back, but with cryptocurrency. This means you can buy Bitcoin from these platforms in more than one way.
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How to get Bitcoin for free?
The following examples are examples of faucets offering bitcoin in little amounts when you complete a task. You will not make a lot immediately but you can accumulate them over time and use them to know more about cryptocurrency. They include;
Playing online or mobile games to earn bitcoin
Doing odd jobs online
Writing about Cryptocurrency
Bottom Line
Is now the best time to invest? The answer will depend largely on your risk level and financial status. Crypto is volatile which has made people call it speculative. Therefore, before making any decision, consult your financial adviser.
