Top 4 Ways to Add Bitcoin to Your Investment Portfolio
If you are intrigued by all the hype surrounding cryptocurrencies and are looking to invest in some Bitcoin, then you have stumbled on the right blog. Bitcoin has been on a steady rise for the past twelve months, continuing to set valuation record after valuation record. All that hype is quickly translating into institutional acceptance, with many traditional or old-school investors reconsidering Bitcoin in particular and cryptocurrency in general as an asset class.
For those among the millions considering jumping on the crypto bandwagon, look no further. In this article, we round four of the simplest and easiest ways to buy Bitcoin. Let’s take a look:
If you have a PayPal account, then you need to look no further to buy bitcoin. The same PayPal app you use for online shopping can be easily used to buy Bitcoin without any hassle.
As long as you are buying bitcoin worth more than 32.80 AUD, you won’t have to pay any extra fee. For trades of less than 32.8 AUD, you will be charged a fee of 0.66 AUD. However, you will be paying a small commission on the trades worth 32.8 AUD (2.3%). You are also not required to pay any fee to hold the bitcoin in your PayPal account.
PayPal also has few other major cryptocurrencies, including Ethereum, Litecoin, and BitcoinCash, available on the platform.
If you are looking to buy bitcoin in Australia, then Coinspot is the perfect option for you. You can buy bitcoin at CoinSpot in just three simple steps.
- Create a CoinSpot wallet and account
- Add fund into the account through your bank or card
- Type the amount of Bitcoin you want to purchase
- Click on the purchase button, and it will be added to your wallet
CoinSpot is also rated high by its users and is a very safe way of buying Bitcoin, using industry standard security technology and carrying ISO 27001 Certification.
Another way of buying bitcoin is to sign up at a cryptocurrency exchange and use their platform to buy and sell any digital currency you like.
It is ideal for those who also want to invest in other cryptocurrencies or do regular trading. Signing up on such exchanges is pretty easy as all you need is your ID card and passport, and you are good to go. You can also sign up without verifying your idea, but your withdrawal and deposit will be limited. Some of the top cryptocurrency exchanges include:
If you want to be on the safer side of things, then you can also buy Bitcoin directly from another trader, without an exchange. There are plenty of online marketplaces and communities that bring Bitcoin buyers and sellers together.
However, this method is not only time-consuming, but it is also riskier. Finding a seller who is selling exactly the same amount of currency you need is also not easy, and you might have to find multiple sellers.