The final step is to build a proper plan for how you want to make profits with Bitcoin. You can make money from Bitcoin by day trading or can store it as a long term investment.



Indeed, investing in cryptocurrencies is not a game of kids, and you would have to work really hard in order to make money from it. While it’s your work and dedication that is going to show results, we can only guide you with its path.

If you are also new to crypto and wondering how to invest in Bitcoins , then you’ve come to the right place. In this article, we are going to provide you with a guide about the best ways to invest in Bitcoin .

Before you follow these steps to make an investment in Bitcoins, you are recommended to do thorough research on the topic and learn everything possible about it. There’s no way you are going to succeed with the investment if you don’t have enough knowledge for the same.

So, your first step, whether you are planning on trading or investing in Bitcoin, should be to do thorough research. This article will explain you how to invest in bitcoin in India or all around the world And then once you reach the point where you think you know enough about crypto and ready to step into it, you can start making investments.



Four Steps Of How To Invest In Bitcoin
Open An Account in a Crypto Exchange
Tthe first step to invest in bitcoin would be to purchase bitcoin. And to do that you would need to open an account in a cryptocurrency exchange which is no less struggle in itself.

When you are selecting an exchange to buy, sell or trade cryptocurrency, you have to give attention to various factors. Let’s know more about Crypto Exchanges:

In simple words, Bitcoin Exchanges are nothing else but the marketplace from where you can purchase cryptocurrency. Although there are other ways of buying cryptocurrencies, it is the easiest and the best one.

Just like banks, crypto exchanges also differ in terms of services offered, feature, security, reliability, charges, and the overall reputation. So, if you are planning on investing in Bitcoins, you need to find a crypto exchange that best suits your needs.

Give attention to every little detail such as the processing fees, exchange rates, security measure, services offered, features, functionality etc. You can take help of our crypto guides to find the top altcoin and bitcoin exchanges available in your area.

Some of the top crypto exchanges are Binance, Coinbase, Bitterex, Bitfinex, Kucoin, Kraken etc. Do your research and open an account immediately to get started with Bitcoin investment.

Decide where to store your coins
READ Ruffer Investment Reduces Gold Exposure By Investing in Bitcoin

Now that you’ve decided, from where you would buy the Bitcoin, you need to find a wallet to store them. If you aren’t aware already, Crypto wallets are a medium ability to store and manage the private keys that can also be used to track, send and receive your Bitcoins securely.



Now the problem comes when you have to find an ideal wallet that best fits your needs. Although, when you’ll search on the internet for the top or most-popular or reliable wallets, you’ll get plenty of options, you need to give attention to all the factors to find the best among them.

Choosing a wallet without proper research can make you lose all your Bitcoins. With the rise in Bitcoin prices, the number of scams is also increasing, which is why you need to be extra aware.

You might think that if the wallet is listed on Google Play store or on the first page of the search engine, then it is legitimate, but is a wrong way of looking at it. Instead of just looking at the reviews and ranks of the wallets, give attention to its functionality and features.

We are listing down some of the top crypto wallets in terms of integrated features, backup and security features, platform compatibility, cryptocurrencies available below. Once you decide to go on with a particular wallet, don’t forget to research thoroughly about it.

If you have Bitcoin holding in large amounts, it is recommended that you use Hardware wallets to secure them. Hardware wallets are more secure as well as have loads of features in comparison of software wallets. Ledger Nano X and Ledger Nano S are two best hardware wallets in the market presently. However, the only drawback of these types of wallets are that they are pretty expensive. So, if you don’t want to invest too much in wallets or if you are just a beginner with a small number of bitcoin holdings, you can use software wallets.


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