As Bitcoin continues to gain momentum, the fear of missing out on the opportunity to invest in the largestthe world of cryptocurrency at a favorable price is growing every day.
Bitcoin (BTC) hit the $ 18,000 mark for the first time since December 2017 on Wednesday last week, about 10% below its all-time high of $ 20,000.
Since some analysts believe that the upcoming $ 20,000 threshold is just the beginning of the upcoming explosion to the $ 1 trillion price, it may not be too late to open positions in bitcoin.
Bitcoin supply capped at 21 millioncoins, but if you do not have large capital, then there is no need to buy a whole coin. You can start buying parts of Satoshi, for example, for $ 15, which will equal 0.0008 BTC at current prices.
Getting started with investing in bitcoin is not as difficult as you might think. Here are some simple tips on how to purchase this cryptocurrency.
Choose a reliable cryptocurrency exchange
The first step towards buying Bitcoin with ease is choosing the right cryptocurrency exchange.
Choosing a digital asset exchange to buybitcoins, research the reputation of the trading platform and check if it provides services to customers in your country. Using tools such as CoinMarketCap or CoinGecko, look at the volumes, as sometimes they talk about the demand for the service. Be sure to read the information on transaction fees, deposit methods, and security protocols.
The most popular crypto exchange in the territoryRussia and the CIS is https://www.binance.com, the site ranks first in the world in terms of trading volume and supports transfers in rubles from Visa / MasterCard bank cards and payment systems Qiwi, Advcash, Payeer.
Cryptocurrency exchanges working with rubles:
| # | Cryptocurrency exchange | Official site | Site evaluation |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.5 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | Yobit | https://yobit.net | 6.3 |
| 5 | OKEx | https://okex.com | 6.1 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
Register on the platform and go through the identification procedure
After you have chosen a cryptocurrency exchange,prepare to create an account and verify your identity. Opening an account on most cryptocurrency exchanges is free, but you will need to provide an email address and phone number. True, in this case you will have limited functionality with withdrawal limits and other restrictions.
Some cryptocurrency exchanges such as BitMEX andCoinbase require a thorough “Know Your Customer” procedure, which involves providing complete personal information, including first name, last name, personal photo, passport information, place of residence and other documents.
Therefore, at the moment, the best option is the Binance exchange, it allows you to withdraw up to 2 BTC ($ 39,000) per day, without confirming any data, you do not even need to specify the phone number.
Remember to enable two-factor authentication
Use a strong password for your account and don't forget to enable two-factor authentication or 2FA. It significantly reduces the risk of being hacked while providing an additional layer of security.
Google Authenticator is one of the most popular 2FA apps, providing users with two-step verification on their phone.
Determine your preferred payment option
There are several ways to buy bitcoins for fiat currency — rubles, dollarsSome crypto exchanges allow you to purchase BTC using a debit or credit card, as well as a bank account.To use one of these methods, you will need to link a bank accountor a card to your account on the platform.
On certain platforms, purchases are possible through third-party payment solutions such as Simplex, PayPal and others.
Calculate the amount of investment
First you need to decide how much you are readyinvest. Remember that any investment carries a risk of risk, so do not invest your last money in a crypto asset. Large investors and entrepreneurs are advised to invest in bitcoin, as in any new asset, no more than 10% of their savings.
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