Home Tech Some Ways To Buy And Investing In Bitcoins/Crypto

Some Ways To Buy And Investing In Bitcoins/Crypto

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What are the Best Places to Buy Bitcoin in 2021

Bitcoin, the world’s largest cryptocurrency, is seemingly everywhere these days. From fast food to sports and even the local Walmart, it’s finding a place in the mainstream. As an investment, its spectacular rally this year has cheered its adherents while raising the curiosity of the non-initiated. In 2021 alone, Bitcoin’s price has more than doubled. Time to invest yourself?

The easiest way to bet on Bitcoin is, of course, to buy it. But there are many reasons you might not want to take such a direct route. Maybe you know nothing about Bitcoin and want to get involved but prefer the familiarity of more traditional kinds of investments. Or maybe you know a lot about Bitcoin and don’t want to touch it, cautious about seemingly random price swings. Or you own Bitcoin already, and you’re looking to invest more broadly in the future of cryptocurrencies. The good news is, there are more ways than ever for U.S. investors to gain exposure.

Why Invest in Bitcoin?

The arrival of Bitcoin, the first fully functional and digitally native cryptocurrency in the world gave birth to a new asset class altogether. Since its inception, just a decade ago, cryptocurrencies like Bitcoin have established themselves as a good asset class.

How to Invest in Bitcoin?

Suppose you want to buy or sell Bitcoins in India, you can do so in the following ways:

  • Through a Crypto Exchange

A Cryptocurrency exchange is a platform which helps you buy and sell digital currencies such as Bitcoins, ethereum, etc. Unlike the stock exchange, crypto exchanges are self-regulated, and they operate 24*7 throughout the year.

You can buy/ sell fractional shares of Bitcoins also via an exchange.

  • P2P Transaction

Suppose you are not interested in paying a transaction fee or using a corporate platform to facilitate your transactions. In that case, you can choose the P2P (person to person) mode of purchase.

  • Bitcoin Mining

Mining is the source of earning Bitcoin. This process requires the miner to successfully add a block of transactions to the blockchain network for which the reward of new bitcoins is paid every 10 minutes. Every ten minutes, one miner succeeds in adding a transaction to the blockchain and hence earns Bitcoin through this process. Mining involves a high degree of complexity and requires you to have special purpose equipment making it an activity w ..