In terms of cryptocurrencies, Bitcoin is not only the pioneer but also the one with the largest capitalization. While in 2009 1 Bitcoin was worth less than 100 euros, it recently reached the value of 50,000 euros. What to ask if we should not invest.
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Facilitating exchanges without intermediaries is the goal of the Bitcoin since its creation by Satoshi Nakamoto. To create scarcity and value, the man claimed that no more than 21 million Bitcoins will be produced.
Ten years ago, it was still possible to mine Bitcoins thanks to the computing power of your computer. Today, as the value of this cryptocurrency continues to rise and the number available becomes scarce, the mining requires far too much power and the best way to invest is still to exchange your euros to acquire one or part of an already mined Bitcoin.
Buy bitcoins by creating a virtual wallet
To buy Bitcoins, the easiest way is to go through an exchange platform. These are plentiful, as are scams. It is therefore essential to be vigilant, to be well informed (about Cryptoast.fr for example), and above all to favor recognized services. Among the most popular are Etoro and Coinbase, affordable platforms for novices also available as a application mobile.
Once your account is created on Etoro, you have a secure gateway to make your investments in various cryptocurrencies, 14 in total, but also in stock securities. It is then possible to configure your credit card, your bank account but also a Paypal account. The latter will make it possible in particular to recovermoney quickly if you want to resell your Bitcoins after making a profit.
On his side Coinbase is strictly focused on cryptocurrency and its handling is even simpler than on Etoro. 42 cryptocurrencies are listed with obviously Bitcoin in mind. On the other hand, only the credit card can be configured as a means of payment.
For long-term investments, with a large initial sum, choose Etoro. Coinbase is mainly designed for short-term investments durations with the flexibility of being able to make small Bitcoin expenditures on Internet.
Above all, don’t forget to regularly follow the Bitcoin price to determine whether you should resell or not. your investments starting point in order to make a capital gain. Also note that it is possible to transfer Bitcoins for “cold” storage to hardware wallets in the form of secure USB keys. The French company Ledger is particularly well known for its products.
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