4/20/22, 11:54 AM
How to Invest in Bitcoin | Tom Kutzen | Finance & Financial Literacy
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How to Invest in Bitcoin by Tom Kutzen | Apr 13, 2022 | Finance, Financial Literacy
The following helpful information is not a recommendation, but for those wishing to participate in the digital coin realm, here is some useful information. Cryptocurrency has been a hot topic lately. However, it’s been around for quite some time. Bitcoin is undoubtedly the most popular cryptocurrency. Big-time investors are even making crypto moves, such as Tesla. Investing in Bitcoin is not necessarily the easiest, most straightforward process. If you are ready to take the following steps with an investment yourself, there are a few things investors need to understand.
Choose An Exchange Much like Robinhood, Vanguard, and Ameritrade are all exchanges to trade stocks; crypto also has exchanges where you can buy Bitcoin. These exchanges often have many crypto https://tomkutzen.co/how-to-invest-in-bitcoin/
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4/20/22, 11:54 AM
How to Invest in Bitcoin | Tom Kutzen | Finance & Financial Literacy
options to start building a portfolio. Here are some of the most popular crypto exchanges: Coinbase Binance Crypto.com Gemini Kraken
Decide An Amount There are many strategies to consider when deciding upon a dollar amount to invest. For example, some experts might suggest a specific percentage of your overall portfolio– including stocks. Yet, it’s important to remember that crypto is extremely volatile. You can experience sharp increases in value as regularly as you experience sharp declines. With Bitcoin, you can expect more steady results, but it’s no guarantee. The golden rule is never to invest more than you can afford to lose. Start small; you can scale up when you get used to the volatility.
Choose A Crypto Wallet Most exchanges also offer their wallets to store crypto. These wallets make it possible to send and receive crypto from other users at a small fee. The transfer is nearly instant and can take a few minutes to complete. The downside is that these exchanges are all digital. Luckily, there are physical wallets you can store your digital assets. The Ledger wallet has many different options and styles to choose from.
Other Ways To Invest If going to exchange to buy Bitcoin is unappealing, there are other ways to invest. Consider these options: Bitcoin ATM Peer-To-Peer Transactions Bitcoin ATMs allow you to speak with someone like a bank. Peer-to-peer involves exchanging Bitcoin addresses for transactions. Here is a related article on my website. PLEASE NOTE: This website is aimed at a general audience and is intended for informational and educational purposes only. Nothing herein constitutes the provision of individualized investment advice. Neither Thomas Kutzen nor this blog or website is registered as an investment adviser with any federal or state securities regulator.
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4/20/22, 11:54 AM
How to Invest in Bitcoin | Tom Kutzen | Finance & Financial Literacy
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