How can I invest to BTC? - page 3. | Bitcointalksearch.org

RockBell

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Quote from: Bushdark on March 22, 2024, 12:33:42 PM

If you are taking about investing in Bitcoin, things could be a good time for your since the Crypto market is still trying to go back to 73k.
You will need to do your findings and know how you are going to be buying Bitcoin to holding for more bull movement.
You have made a good choice to invest in Bitcoin even if it's small amount, that would be a great move for your so that by the time the price of Bitcoin reaches 100k, you will be in massive profits depending on the capital you are using to purchase Bitcoin.

It has been rising and falling from 73 to 60, indicating that there is still some time for those who are still interested in investing. Because the period of halving is approaching, we should take advantage of the market's retracement. Because I am sure there will be people like that. And when it comes to bitcoin discoveries, you should have good apps that can provide you with accurate bitcoin news so that you can predict what will happen as a result of that information. No matter how small the investment, bitcoin represents a new beginning, and rather than staking a large sum of money to gamble, it is preferable to invest in bitcoin. And you will make a profit and have peace of mind instead of losing the money.

BIT-BENDER

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Small investor? That's not bad you can still start but right now don't go all in. Don't invest all your small saving start the investment gradually.

I would advice for you to build something substantial in Bitcoin investment you need to have a source income to support your plans. A one time investment looking at how big the price of Bitcoin is won't be enough.

Find a good source of income, plan how much you want to save and weekly or daily you can keep depositing it. The process of investing is not that difficult, get a Bitcoin private wallet where you would store and then get an exchange where you would buy Bitcoin from. Preferably you can get decentralized exchange

sokani

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Quote from: Nwada001 on March 22, 2024, 01:34:29 PM

Currently, the bitcoin withdrawal fee on Binance is close to $13 worth of bitcoin, which is very high compared to what you will be charged if you buy from Dex, and you can move that directly to your personal wallet.

Good point and this should be taken into consideration when buying Bitcoin from CEXs, especially when it's a small amount. Imagine buying $50 worth of Bitcoin on a CEX and paying $13 dollars in transaction fees to withdraw to a personal wallet. On that note, I'd suggest op uses CashApp to buy Bitcoin if it's available in his or her country because CashApp does not charge withdrawal fees, the transaction is processed in batches.

boyptc

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

Find out if there's a local exchange that's found in your country. Because if we tell you how but then there's none that can be found in your country which is likely the signal that your country doesn't support crypto or probably illegal there then we can't help you.

Otherwise if you are persistent then you can do some P2P trade in the forum and you'll gotta pay it on any payment method that's available to you with the help of any trusted forum escrow.

m2017

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

Maybe you should try investing in bitcoin the same way everyone else does?

If you were able to find this forum and ask this question, why couldn't you use Google search? The Internet is littered with guides on how to buy bitcoin in various ways.

Here is one way to buy (exchange money to bitcoin). What options would you like to hear with my signature?

In fact, any investment in bitcoin begins with this, namely, the purchase / exchange of traditional money, and then bitcoin is simply stored in the wallet (pre-created before purchase) until the right moment. And who can help with the exchange? Of course, one of the reliable and proven exchanger aggregators. Which one, you already guessed.

This is not an advertisement, but for some reason they forget about this method, mind you, which has existed for many years.

Nwada001

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Quote from: encryptogon on March 22, 2024, 11:55:28 AM

You can use Binance to buy/ Sell cryptocurrency. Make an account on Binance and do a KYC to activate your account. There is a section called P2P, where you can sell/ buy USDT or Bitcoin in your local currency. After purchasing BTC or any other coin, do not store it on Binance Exchange, transfer those tokens ASAP to Metamask or Trust Wallet (You can use other wallets as well).

First, when you want to buy a small amount of bitcoin, it's not advisable to use an exchange account. Aside from the privacy, the withdrawal fee that you will be charged might be close to what you purchased on that exchange and want to move out of.

Currently, the bitcoin withdrawal fee on Binance is close to $13 worth of bitcoin, which is very high compared to what you will be charged if you buy from Dex, and you can move that directly to your personal wallet.

Another thing is that TrustWallet is a close-source wallet and it's not recommended for use; Metamask is good for Altcoin; and UnstoppableWallet can also go for altcoins. If you want to recommend the best wallet for bitcoin holding, you should recommend wallets like BlueWallet and Electrum; they are some of the best open-source wallets here, among many others.

Ndabagi01

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Quote from: Davidvictorson on March 22, 2024, 05:08:56 AM

This is one of the greatest possible advice and response to your question. Anything any user adds will revolve around this or will be a summary of it. Pay close attention to each of the paragraphs because it is written by a bitcoin OG with extensive knowledge and experience in cryptocurrency markets, making their insights particularly valuable.

This is the best advice for a newbie, just like the thread's original poster. I'd never heard of this before, but even though I'm not a beginner, I learned something new and became more knowledgeable about bitcoin investing. The use of exchanges, their benefits and drawbacks, and how they differ from the use of personal wallets in which I have custody of the private keys is important to distinguish them.

Going through this post by a bitcoin OG himself has already explained what the OP needs to do as he prepares to invest in bitcoin. If he follows this advice and uses the best wallet for storage, he will be glad he invested in bitcoin and stored it in those wallets when exchanges go bankrupt or lock users' funds, preventing them from accessing them.

Bushdark

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

If you are taking about investing in Bitcoin, things could be a good time for your since the Crypto market is still trying to go back to 73k.
You will need to do your findings and know how you are going to be buying Bitcoin to holding for more bull movement.
You have made a good choice to invest in Bitcoin even if it's small amount, that would be a great move for your so that by the time the price of Bitcoin reaches 100k, you will be in massive profits depending on the capital you are using to purchase Bitcoin.

Doan9269

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

Being a newbie, i will advice you to learn about bitcoin first and and understand the possible means of making investment in it, the advantages and the disadvantages or risk that may come in with making an investment, once this conditions were meant, you will have to choose an exchange to use the p2p network in buying bitcoin with your local currency and then later move your coin from that exchange to a non custodial wallet and then you hodl, you must have targeted that the particular period you're buying is when the market is bearish, then you will need time to hodl and wait this the market surges and you then sell at your convenient time.

encryptogon

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

You can use Binance to buy/ Sell cryptocurrency. Make an account on Binance and do a KYC to activate your account. There is a section called P2P, where you can sell/ buy USDT or Bitcoin in your local currency. After purchasing BTC or any other coin, do not store it on Binance Exchange, transfer those tokens ASAP to Metamask or Trust Wallet (You can use other wallets as well).

Eleutheria

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Quote from: Hatchy on March 22, 2024, 08:48:18 AM

Though you may be partially correct mate, but a country where it's government choose not to accept Bitcoin or crypto as a legal tender doesn't stop it's citizens from purchasing Bitcoin. You can buy using p2p so long there are trades open for your local area and trades who will sell, then you can deposit the funds through the provided bank account and receive Bitcoin in return.

You are right, I was not talking about the country accepting it as a legal tender, but they not making it illegal to hold, trade or accept it for payments. If a country allows one to freely use this fancy internet money without meddling, that will be true freedom.

SatoPrincess

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I get worried when people post things like this in a public space. You are making yourself a target for scammers. I’m certain you would have received dozens of messages from strangers if you posted this anywhere else but Bitcointalk. When you want to ask such questions next time, I think it’s best you leave some details out of it, “How can I buy bitcoin?” would be a better way to get your message across.

nakamura12

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There are different wallets that are legit like electrum for Bitcoin. There are also different wallets for altcoins and tokens and for you to use a wallet for multichain then I suggest you use binance and take note that you shouldn't store your crypto there and only use it like buying and selling although you may have to do a KYC if you don't mind doing it. As others have explained that you should also keep in mind about the situation of crypto in your country because some countries where their government banned the use of crypto where as some didn't ban at all and making it a legal tender like in El Salvador.

Kristiyana

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Quote from: Davidvictorson on March 22, 2024, 05:08:56 AM

Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

To give a reply to you, Theymos opines:

Quote

When you log into an exchange, yield platform, or other site, and it says that you have a balance of "1 BTC" or "1 USD", this does not actually mean that you have 1 BTC or 1 USD. Rather, it means that the company showing you this balance owes you that money. In other words, you've given a loan to the company. Maybe the company will pay you back, but history is littered with defunct companies which accepted deposits and were widely trusted for years, but which ended up not paying back their depositors in the end.

To the greatest extent possible, you should always avoid keeping BTC (or anything else) in online accounts. This is especially important right now because a very large exchange went bankrupt recently; this has already caused a contagion effect which has taken down other companies which accept deposits, and this contagion may continue to spread and affect more companies.

Ideally, you should keep as large a percentage as possible of your crypto assets in a wallet where only you control the private keys. Electrum for Android or desktops is one good option. For iOS, there's BlueWallet. If you have a large variety of different crypto assets that you need to store, there's Unstoppable wallet. If you have never used your own trustless wallet before, using a mobile app is probably safer than using a desktop app. An even safer option, which you should definitely consider if you have a lot of crypto assets, is to use a hardware wallet such as Trezor.

This is one of the greatest possible advice and response to your question. Anything any user adds will revolve around this or will be a summary of it. Pay close attention to each of the paragraphs because it is written by a bitcoin OG with extensive knowledge and experience in cryptocurrency markets, making their insights particularly valuable.

My advice for you as a small Investor, you should learn how to hold coin for long time, and also knowing how to time the market so as to know the right time to buy or sell your bitcoin, although timing the market is not that good but you need to have the experience because is also one of the important things you need to know as Investor, secondly when making any investment you need to look for a profiting coin to invest.and make sure you invest with the amount that you can afford even if you lose.

Rruchi man

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

If any personal comes to you with a private referral to sign up to a strange platform where you can buy your bitcoins from, there is a big chance of it being a scam, even if the message is from an account having a high rank.

As you are interested in learning about ways to invest, also learn ways to keep your investment safe too.

Hatchy

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Quote from: Eleutheria on March 22, 2024, 04:51:30 AM

Are you aware of the legality of Bitcoin in your country? If it is totally legal, then find an exchange that operates in your country, register an account, deposit your funds and look for a buyer, this can be P2P or you can create a buy order.

Note that there are different types of exchanges for different people, depending on the amount of personal information you are willing to show. I like privacy and freedom, so I go for exchanges that do not ask for KYC and decentralized ones, Check https://kycnot.me/

It is fine to be a small investor. If you buy consistently when you can with little amounts, you assets will grow. Make sure you are storing them safely in a non custodian wallet.

Though you may be partially correct mate, but a country where it's government choose not to accept Bitcoin or crypto as a legal tender doesn't stop it's citizens from purchasing Bitcoin. You can buy using p2p so long there are trades open for your local area and trades who will sell, then you can deposit the funds through the provided bank account and receive Bitcoin in return. Though most exchanges now who allows you to trade without the kyc aren't that much as they are gradually turning into centralized. Just be careful when doing your trade and avoid discussion about things outside trading with those trades as some might get scam.

Antotena

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

Before I answer your question, why are you investing on Bitcoin, is there any motivation behind your investment? I'm asking this because a lot of people just want to invest into as they heard from other people, they hear how fascinating it's during the bull run and how it's has been pumping over the years but what they don't tell you is the complete story. Bitcoin is everything you want as an investment but let's be guided, it has up and down side to it's journey and what I mean by that is the up and down moment, it can go up and it can crash upon bad news.

Some people believe that bull run hasn't started until 2025, so if you know you can risk and buy now, do it and hold it and please, it's shouldn't be from money you want right now so you don't buy and then later run hectically to sell which will probably be at loss. Please, proceed your investment with caution.

bayu7adi

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If Bitcoin is not illegal in your country, then you have many ways to buy Bitcoin... you can use a p2p exchange service, or you can go through a safer exchange (in my opinion, Binance is a good one to try)....

If you intend to buy BTC and store it in your personal wallet, then the simple steps are as follows

1 - Create a wallet and secure your private key (can use the desktop or mobile version of the Electrum Wallet)
2 - Look for p2p BTC buying and selling service providers in your country. I can't recommend that as long as you haven't mentioned your country location, try going to a local board to get complete information about this
3 - Pay using FIAT and receive BTC in your personal wallet

If you intend to buy BTC using an exchange, here is a short method that I can explain

1 - Create an exchange account... I recommend CEX for buying BTC, but never keep money on the exchange for too long
2 - Create a non-custodial Bitcoin wallet to store your own bitcoins
3 - Deposit some money to the exchange using supported currencies
4 - Buy BTC, then withdraw the BTC to your personal wallet

I recommend that new users learn to secure their own assets in a private, non-custodial wallet. You will know the importance of it after reading a lot of news about CEX having problems in the past.

cryptoWODL

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

You can buy Bitcoins with dollars from various exchanges like Binance, Kucoin, Coinbase and more. But if you don't have dollars if you have your own local currency you can buy dollars with your own currency and start investing. Here are a few examples of how you can buy bitcoins through a Binance account or through an exchange. If you have a verified Binance account, first log into your Binance exchange. Then you will see there is trade option which I have marked with square click on it.

After clicking such an interface will show in front of you, put dollar (USDT) according to your ability and click buy bitcoin. Maybe this way you can easily buy bitcoins with your money through Binance account or exchange.

There are videos on youtube on how to buy bitcoins from binance account you can also watch it maybe it will help you.

YouTube: How to buy Bitcoin on Binance

But always keep one thing in mind when you buy bitcoins for investment, you need to make sure that your invested bitcoins are safe. You need a non-custodial wallet to keep your Bitcoin safe. You can use Electrum, Exodus non custodial wallets which are much more secure.

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Quote from: Jewan420 on March 22, 2024, 04:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

you can buy bitcoin through exchanges like binance, kucoin, coinbase, or several other exchanges, there should be lots of tutorials you can read on google about how to register on these platforms and how you can buy bitcoin from their platforms.

however, as suggested by several users above, because you are planning to invest, you should prepare a custodial wallet so you can hold your bitcoin there. storing in a custodial wallet is much safer than an exchange, because when you store bitcoin in an exchange wallet, they have authority over the bitcoin, and if the platform goes bankrupt then your bitcoin is at risk of being lost along with them.

but when you store it in a custodial wallet, you have full authority over it and whenever you want, you can transact directly. no need to be complicated, what you do is just buy bitcoin from an exchange and then transfer it to your custodial wallet, it shouldn't be difficult.

Topic: How can I invest to BTC? - page 3. (Read 641 times)