Buying cryptocurrency

How and where is crypto available?

The options when buying cryptocurrency vary depending on the popularity of the currency. For example, Bitcoin can be purchased in a variety of ways, while for less popular currencies, the options are significantly more limited. In the case of Bitcoin, acquisition options range from Bitcoin ATMs, gift cards, investment trusts, or even retail in some cases, depending on the country.
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How and where to buy cryptocurrency?

Buying bitcoin physically requires a cryptographic infrastructure to hold it and be able to spend and (re)convert it to traditional currency when needed, called a “wallet.” For the purposes of this article, if one sees Bitcoin as a speculative instrument to combat demonetization, one can save the effort associated with the physical purchase of and bet on futures contracts on Bitcoin through the investment bank/broker of one’s confidence. The bitcoin is exchangeable, the CME Group has launched a contract with the volume of 5 bitcoins. The exchange margin is high due to the volatility of the Bitcoin, currently the CME mentions more than 30,000 euros as margin. With a contract value of currently 5 x 20,000 USD = 100,000 USD, this results in an unusually small leverage of 1:3. Compared to (spot) buying, this procedure has the further advantage that you can also participate in falling Bitcoin prices through short selling (“short positions”). Which seems like an idea worth considering in the course of the current Bitcoin bear market.

Bitcoin: What is Bitcoin? Why should you start buying small amounts for the future?

In this informative, must-have guide, you will discover all you need to know about Bitcoin, including how to set up your wallet, the best apps for mobile devices, and how to buy your first bitcoins.

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3 steps for your Bitcoin purchase:

Step 1: Buy your first Bitcoin

Decide on a service provider you trust. There are several platforms like CoinBase.com, which is quite easy to use. Some prefer anonymous platforms like Local Bitcoin or Shapeshift. The decision here is up to everyone.

Step 2: Acquire a Bitcoin wallet

Basically, it is recommended to always bear the responsibility for the coins yourself - and not to hand them over to someone else. Therefore, it is necessary to create your own wallet and to keep track of the private keys. There are different possibilities and platforms for this.

Step 3: Choose Exchange and Exchange Service

After acquiring your Bitcoin, you have the option to look for an exchange platform. Google offers a wide range of crypto exchanges where you will surely find what you are looking for. Now you can purchase altcoins like Ethereum or Dash here.

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The NFT Handbook

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Crypto Investing Guide: How to Invest in Bitcoin, DeFi, NFTs, and More

You don't need to be a math genius to trade crypto successfully. But you do need a strong base of knowledge to work from. This book is your foundation.

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