Bitcoin Tutorial

How to Invest in Bitcoins? Top 4 Ways to Buy Bitcoin in 2022

Bitcoin Investment and Buying

Investing in Bitcoins, now, has become easier. You can do it in 5 simple steps. It is simpler than it appeals to the users. Let us cover the steps to invest in Bitcoins:

1. Join the Bitcoin exchange

Mostly, investors use a Bitcoin exchange to invest in Bitcoins. Here are a few of the popular options for Bitcoins:

  • Coinbase

  • Kraken

  • Binance

  • Gemini

  • Bitfinex


2. Get the Bitcoin wallet

After you purchase Bitcoins, it is to be stored in a wallet. There are two types of wallets- hot wallets and cold wallets.  

A hot wallet means a virtual wallet that is also susceptible to being at risk. While a cold wallet is a piece of hard drive that aids in Bitcoin transactions. 

3. Connect Wallet to Bank Account

After obtaining a wallet and Bitcoins, it is time to connect to the bank account to enable you to sell or purchase coins.

4. Place your Bitcoin order

All set to purchase Bitcoins, you can place your order for your choice of Bitcoins.

How to Manage Bitcoin investment?

Post purchasing Bitcoins, there is some management involved with it:

  • Use the coins to transact online

  • Hold coins for a longer period (hoping it will appreciate in value)

  • Invest in day trading with the coins

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