This is a nice move op .
However I have a vital recommendation for you and it's quite simple. Making Bitcoin investments is a nice move but the most important thing especially because you are a newbie is to make sure you understand what you are investing in. Of course Bitcoin is worth the praise but don't just dive into purchasing Bitcoin when you don't understand how it works and even how to keep your coins safe.
Therefore I recommend that before you venture purchasing some coins, get a few articles using the search button here and read concerning Bitcoin especially wallet and privacy safety if you are in a country where Bitcoin is illegal. You must not understand the technical part but make sure you gat security basics like using an open source wallet and not hodling in an exchange. Most importantly don't forget to keep your keys safe.
Topic: How can I invest to BTC? - page 4. (Read 665 times)
We are really glad to see such a thoughtful question from you. You will be happy to know that this thread will teach you several ways to invest in Bitcoin.If you are a small investor, then DCA will be a good investment method for you.A simple calculation of DAC is:
You will invest 1/3 of your income over a period of time. And hold bictoin for a long period of time. If you hold in this way you will become a big investor after a while. For more details about this see below thread :
Buy the DIP, and HODL!
You will invest 1/3 of your income over a period of time. And hold bictoin for a long period of time. If you hold in this way you will become a big investor after a while. For more details about this see below thread :
Buy the DIP, and HODL!
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. 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.
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.
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.
I am a small investor. I have some money to invest. How can I invest this money?
Since you are a newbie, you can use Binance to buy your bitcoin. Download Binance app from the official website, and register your account, providing them the information they want for KYC. Once you are done with that, you use p2p on the exchange to buy bitcoin where you pay with your local currency. You should also create a noncustodial wallet in which after buying your bitcoin from Binance, you transfer it to your private wallet, where only you have the private keys. Don't leave your coins in an exchange. Investing in bitcoin should be done in a long term.
You can download electrum wallet from this link https://electrum.org/
You might have an option.. Blue wallet is good too. https://bluewallet.io/
I am a small investor. I have some money to invest. How can I invest this money?
Jump to: