Investing in Bitcoin (BTC) is attracting more and more interest. Investors including individuals are increasingly interested in it. Then, we will explain in particular why to choose Bitcoin compared to other crypto currencies, how much money can we invest in it, while wondering what are the gains to be expected.
Although it sounds too good to be true, it should be noted that Bitcoin Trader is compatible with regulated brokers, which is a guarantee of confidence. In addition, its platform seems very well secured from the point of view of data encryption technologies.
Open an account
The first step will be to register on Bitcoin Trader by filling out a form with basic information such as your last name, first name, email address or even telephone number.
You will need to choose the password you will use to access Bitcoin Trader.
Don’t forget to check the boxes stipulating your approval of the general conditions of use.
Demo trading
When the registration is done, you immediately have the possibility of accessing the demo trading.
This is one of the best ways to learn trading, but in the case of Bitcoin Trader, it will mostly give you a better insight into the robot’s performance. You will also be able to familiarize yourself with the technical functioning of the platform, in order to avoid making mistakes once you move on to real trading.
Of course, when you want to switch to real trading, you will need to deposit funds with Bitcoin Trader so that you can invest them and start accumulating the earnings. Many deposit methods are offered, including credit cards.
Choose a broker
If you want to make your trading decisions yourself instead of letting Bitcoin Trader make them for you, eToro is arguably the best alternative. Founded in 2007, this robot offers to buy, sell and trade more than a dozen crypto-currencies including Bitcoin .
But, you should know that this platform also offers equity investments as well as CFD (“Contract For Difference”) trading assets. It is one of the most used in Europe with nearly 10 million registered members to date.
The particularity of eToro compared to its main competitors is to offer a social trading function (“ copy trading ”) allowing the positions taken by other traders to be replicated.
On the next web page you will see an electronic form where you can enter the personal data that is needed to open a new trading account.
Please enter all relevant personal information in this form. Logging in via Facebook or Gmail is an additional option.
You should know that all customer accounts, including those of the French, are held in US dollars (USD) and not in euros (EUR). This is why your deposit will be immediately converted into USD at the exchange rate in effect at the time of deposit.
For the more daring, it may also be interesting to buy Bitcoin on eToro using the leverage effect. For this, it is necessary to proceed via CFDs (“Contract For Difference”). In practice, this allows you to multiply the amount of your exposure in Bitcoins compared to your initial deposit.
With this leverage, you have more capital at your disposal to trade. So you can make a bigger profit, but it also comes with higher risks because gains and losses are calculated based on the total amount of your position and not on the amount deposited into your account initially.
Why invest in Bitcoin?
You may be wondering why buy Bitcoin? Know that BTC is therefore the ideal gateway for anyone wishing to start investing in the world of cryptocurrencies. Here are 5 good reasons to invest in Bitcoin.
Created in 2009 by Satoshi Nakamoto, it is the virtual currency where the greatest number of transactions are concentrated.
From now on, you can buy bitcoins using most traditional means of payment, whether online payment services such as PayPal, credit card deposits or simply bank transfers.
Conversely, Bitcoin can be used to carry out many daily transactions. It is a cryptocurrency with which you can pay in many countries for goods and services . More and more merchants are accepting them and their number is constantly increasing around the world.