When Bitcoin was launched in 2009, many people were quick to predict its downfall. Others even said that crypto coins were a Ponzi scheme and that they would never dislodge gold and silver as cash reserves. However, first forward to ten years later, and the value of Bitcoin has grown from $1 USD to $49,000 USD. Statistics show that Bitcoin has outperformed gold more than 156 times in the past five years.
These days new crypto investors are looking for the best place to buy bitcoin instantly. If you’re part of the cohort, don’t worry. This guide will cover everything you need to know about purchasing Bitcoin. We will also share some of the best practices to protect you from incurring losses on your investment.
Buying Bitcoin From Crypto Exchange Forums
Crypto exchange websites or apps allow registered users to buy, sell and swap crypto coins. If you do not have an account, you will need to sign up for one first. The sign-up process is very simple and will probably take you less than a minute. You will only need an email address to register for an account.
After signing up, the next step is to verify your account. You might be required to upload a copy of your national ID or driver’s license. Crypto exchange platforms like NakitCoins will only ask you to validate your details when you’re making transactions. Once your account has been verified, the next step is to add your preferred mode of payment.
Most crypto exchange sites allow users to buy crypto from their bank account using a credit or debit card. The user interface is very easy to navigate and you can buy bitcoin and trade instantly with just a click of the button.
Crypto Wallet Services
Any crypto asset that is stored online is always prone to hacking. As you are looking for a platform to buy cryptocurrency fast, you need to ensure that you also look for the best crypto wallet services. Crypto wallet services are available in two forms: hot wallets and cold wallets.
Each type of crypto wallet has its pros and cons. However, choosing the right wallet will depend largely on your needs. These premium crypto wallet services will also cost you a few dollars. Most crypto investors use hot wallets because of how easy they are to use since you can access them from anywhere.
On the other hand, cold wallets are more expensive than hot wallets, but they offer more security. One downside of using cold wallets is that you will need a laptop every time you want to access your crypto coins.
Bottom Line While you’re looking for the best place to buy bitcoin instantly, make sure you do plenty of research. Read clients’ reviews and also join an online crypto forum for tips and hints on what is new in the crypto world. Another thing to watch out for is to learn to keep your fear of missing out in control. Not every new crypto coin launched will turn out to be a success.