How Can You Add Bitcoin To Your Portfolio? – Easy Ways Of Buying Bitcoin

Bitcoin is the crypto that is continuously increasing in popularity, and it is precarious in value. Ever since the invention of bitcoin till now it has been a roller coaster ride for bitcoin. You will be amazed to hear that the craze of bitcoin has skyrocketed in the past few years. A vast number of traders invested in bitcoin and made millions of profits. If you are also considering investing in bitcoin, you might want to know about the easy ways of buying bitcoin. It is possible to buy the bitcoin directly or indirectly from the brokers and the new businesses. The fact is that now buying bitcoin have become so much easier than before. Moreover, you can do it by paying a low amount of commission than earlier. If you consider trading bitcoin, the Bitcoin Equaliser is a good platform.

PayPal

PayPal is a payment mode that people make use of making transactions online. With the help of this platform, any investor can quickly buy bitcoin. Yes, recently, this platform announced that it would be allowing its users to buy and sell the bitcoin without any hassle. You should know that PayPal makes use of the sliding commission scale, which flinches from the 2.30% for the trades which are more than the value of 25 dollars. It decreases to 1.5-% when the trades are above the value of 1000 dollars. The best thing is you don’t need to deposit any fees for holding the digital currency in your PayPal account, and you can trade as much amount of money you want. Along with the bitcoin, other countries like Ethereum, bitcoin cash and Litecoin are also available to trade here.

Trading apps

There are various trading apps present on the internet from which you can pick up any platform to make the direct purchase of the bitcoin. There are no commissions, and it is applicable for all digital currencies. You can buy different kinds of cryptos from these trading apps. You need to follow the procedure for investing in bitcoin through these trading apps is quite simple. At first, you will have to open an account on the bitcoin trading app, and then you have to link the bank account with this exchange account. After that, you have to select the amount of bitcoin you have to purchase and then make the payment. It is a quick process, and it doesn’t take much time. However, you will need a bitcoin wallet to store your coins because keeping them in the bitcoin trading app is unreliable. Moreover, the security of this platform is not so strict, which is why they are prone to hacks and frauds. 

Bitcoin ATM

The bitcoin ATM is also a worthwhile option for buying bitcoin. However, you will have to pay a higher commission than the other modes of buying bitcoin. The impressive fact is that you can buy bitcoin directly from fiat money. It doesn’t only allow you to buy bitcoin, but you can make transfers and sell this digital cryptocurrency whenever you want. However, you also have a digital wallet for making the transactions for this process. The bitcoin ATM is increasing in popularity, increasing in number. You can find the bitcoin ATMs nearby you and purchase bitcoin. They are available all the time, so it doesn’t matter where you are and what time it is; you will always be able to do your work related to bitcoin.

Brokers

With the help of these interactive brokers, you can easily buy bitcoin. These brokers usually charge 10.2 dollars for every futures contract. If you want to use bitcoin and trade it directly, you have to pay a very completive commission that ranges from 0.12 to 0.18% of the value of your trade. You should know that along with bitcoin crypto. You can also have access to bitcoin cash, Litecoin and Ethereum. These brokers also give you access to the whole range of other kinds of securities that you can trade.

The ending thoughts

People who are looking to buy bitcoin need to keep the cost of buying it to a minimum. The higher fees of commission and trading costs can eat up the amount of profit you are making, so you should look for the option by which you can minimize the costs.

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