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Where to Invest in Bitcoin? How much its Store Value and Return is?

In recent years, the cryptocurrency market has experienced exponential expansion, resulting in an increase in the number of people willing to invest in Bitcoin in order to possibly earn market-beating returns.

It will be discussed in detail in this post, with a look at some of the top trading platforms on the market and a look at how you can make your Bitcoin investment right now – with tight spreads and no hidden costs!

Investment in Bitcoin doesn’t have to be difficult to understand. Our preferred trading platform, eToro, has four simple actions that you must follow in order to purchase Bitcoin. These procedures are shown below.

  • Open an account with eToro – Head to eToro’s homepage and click ‘Join Now’ to sign up. Your capital is at risk.
  • Deposit – Deposit at least $10 into your trading account using a credit/debit card, bank transfer, or e-wallet.
  • Search for Bitcoin – Type ‘BTC’ or ‘Bitcoin’ into the search bar at the top of your screen and click ‘Trade’.
  • Invest – Enter the amount you’d like to invest in Bitcoin

Where to Invest in Bitcoin

1. eToro is the best place to invest in Bitcoin safely.

Our favorite trading platform for people who want to invest in Bitcoin is eToro. The eToro exchange has a great reputation around the world, with more than 23 million registered users and operations in more than 100 countries. Some people like that the eToro system is regulated by a lot of top-notch organizations, like the FCA and the SEC. It is also licensed by the FSCS in the UK.

Because eToro doesn’t charge fees when you open or close a trade with Bitcoin, you don’t have to pay for it. To trade BTC, the platform instead uses a spread-based structure with a 0.75 percent spread for BTC trades. The best thing about eToro is that when you trade crypto, you will own the crypto asset itself. Furthermore, eToro doesn’t charge you to make a deposit or to keep your account. This makes trading very cheap.

How to Invest in Bitcoin Safely for Beginners 2022

2. Binance is the best place to invest in Bitcoin because it has a lot of different assets.

Another way to invest in Bitcoin is to use Binance. According to Coin Market Cap, Binance is the world’s biggest cryptocurrency exchange. In the last 24 hours, it traded more than $22.6 billion worth of coins, which is a lot of money. Binance is different from many of its competitors in the space because it has a wide range of assets. Users can trade on more than 500 crypto assets, including altcoins, ERC-20 tokens, and even crypto-crypto trading pairs, on the site.

Binance’s fees are some of the lowest in the industry, because the platform only charges a 0.1 percent fee for both making and taking money on the platform. However, if you have any BNB (Binance’s native cryptocurrency) in your trading balance, you can cut these fees by 25%. This means that each trade will only cost you 0.075 percent of your balance. Deposits are free to make if you want to fund your account with crypto or US dollars. If you want to deposit in GBP or other currencies, there will be a small fee, though.

Read More:- Undervalued Cryptocurrency To Buy In April 2022: Here Are Top 7

Great Store of Value

In a recent interview with Reuters, Goldman Sachs analyst Zach Pandl suggested that Bitcoin is poised to challenge gold as a store of value. As Pandl pointed out, Bitcoin already has a 20 percent share of the’store of value’ industry, and this figure is anticipated to rise even more in the next years, according to Pandl.

In the end, this indicates that Bitcoin’s value is projected to remain stable in the future, whilst other cryptocurrencies may decrease. This characteristic causes investors to rush to stores of value during times of uncertainty, as they give an excellent investment opportunity to preserve cash while also maintaining spending power and preserving purchasing power.

Invest in Bitcoin in April 2022: A Beginner's Guide

Potential for High Returns

A short check at the Bitcoin price chart will reveal the remarkable profits that the coin has generated at various time periods in the past several years. For example, Bitcoin surged by a mind-boggling 1351 percent between March 2020 and April 2021, and by a further 132 percent between July 2021 and November 2021, according to Coin Market Cap.

Diversification Benefits

Finally, if you want to boost the diversification of your portfolio, Bitcoin is a fantastic option to consider. The profits created in the cryptocurrency market were found to be significantly less consistent than the returns provided by the S&P 500, according to a recent report from Switzerland Gold.

It is because of this discovery that Bitcoin may be a suitable choice for portfolio diversification, because when stocks decline in value, there is a strong probability that Bitcoin’s price movements will help to offset some of the losses. In the end, this is an excellent option for investors who want to increase the risk-return profile of their investment portfolio.

 

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