Bitcoin at 20,000: how to buy it? – Essonne Info

Even if it still suffers from many very recent weaknesses, bitcoin remains one of the most promising stocks in terms of investment. Despite the sudden and incredible decline observed in recent months, the parent cryptocurrency remains the center of attention in the ranks of investors. For those who failed to buy it in 2009 or even in 2017, this is the perfect opportunity to position themselves. However, many people still don’t know how to go about buying bitcoins securely. For this purpose, there are ad hoc platforms to facilitate their task.

Will Bitcoin blow up the counters?

Bitcoin is the first cryptocurrency to achieve worldwide success. It was created in 2008 by Satoshi Nakamoto and has gone viral since 2009. Bitcoin is used to transact without going through a bank or middleman, making it a completely independent currency.

In recent days, it has gone from $19,000 to $20,000. In addition, a few days ago, the specialized site Coinmarketcap announced that there were already more than 3000 cryptocurrencies in the world. Therefore, their total capitalization exceeded $600 billion. This progression worries some experts in the sector who fear a speculative bubble. If ever this broke out, it would be a real tsunami for regulated finance and for the finances of individuals.

How it works ?

It is a means of payment and value exchange on the internet, without any central control body. It is guaranteed by a computer protocol and not by a State or a central bank. This means that transactions are carried out directly between users through a blockchain.

The blockchain is a public register that contains all the transactions carried out in previous years and where the addresses of each user are registered. Transactions are recorded in this database common to all users. This helps ensure the integrity of transactions made on the Bitcoin network.

How to buy bitcoin?

To buy a bitcoin, you must first have a bitcoin address or a wallet where to store it. It is just an address like any other, but which allows you to receive bitcoins from other users.

Addresses are usually provided by specialized platforms in the sale of bitcoins. There are also wallets on which the user can store his bitcoins without going through a third-party platform. Once your Bitcoin address has been created and your bitcoins in your wallet, you can buy crypto assets on exchanges open to all users.

Where to buy bitcoin?

There are several ways to buy bitcoin. First of all, you have to choose one of the many exchange platforms that have developed over the past few years. To start, it is better not to opt for the first comer, but rather to seek advice from a familiar who knows the thing and who will guide us towards the best platforms. The choice will mainly depend on our country of residence since each platform applies different rules in terms of taxation and access to the service depending on the country.

Among the best known are

  • Axi;
  • Capital.com;
  • eToro;
  • Coinbase;
  • Kraken;
  • Binance.

Each of them offers different services. There are also crypto buying platforms that do not offer live trading, but only match buyers and sellers. Again, the list is long:

  • LocalBitcoins;
  • BitBargain;
  • Paxful.

Here are a few examples among many others.

Bitcoin is a popular financial asset for investors. Indeed, its price is extremely volatile and has seen many rises and falls in 2019. If you want to invest in bitcoins, here are some tips to follow.

Some tips before investing in Bitcoin

If you are a beginner, here are some things to consider before investing in bitcoin.

Choose the right time to buy

The biggest speculators agree that bitcoin is overvalued today. However, you should not wait for the price to fall completely to buy it: you need to know its historical price in order to find the right time to buy.

Favor platforms that guarantee the security of transactions

For other users, there are bitcoin purchase sites on the Internet that allow you to buy bitcoins without having to go through a financial intermediary. This is the case, for example, of Coinbase (American site), Kraken (English site) and Bitstamp (Hungarian site).

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Bitcoin at 20,000: how to buy it? – Essonne Info


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