Bitcoin is a type of digital currency, meaning it can be substituted for real currency (at the institutions that accept it as a form of payment). Bitcoin is also referred to as a cryptocurrency, meaning that the bitcoin exchanges made over the internet cannot be traced by any authority. Aside from being a digital currency and cryptocurrency, the main appeal of bitcoin to the masses lies in it being a high return investment option. Bitcoins can be traded on dedicated bitcoin trading platforms just like shares. Since the total number of bitcoins are limited to just 21 million all over the world, its prices are sure to rise, disregarding the severe downfall experienced in 2018 which was primarily caused due to people panicking and selling their shares quickly.
How to get started trading bitcoin?
To start trading bitcoins, one only needs a bank account and an account on bitcoin trading sites, its really that simple. Nevertheless, for a good introduction to bitcoin trading one must do a little research a little beforehand, like seeing the bitcoin price charts of the previous months and keenly following any rumor of a major shift in price.
What are the most popular bitcoin trading sites in the world?
The most popular bitcoin trading sites are ( In random order, not in ascending or descending)
Most of these trading sites deal in a variety of cryptocurrencies apart from bitcoin, hence providing the user an option to invest in multiple cryptocurrencies at the same place. Some other common popular features provided by them are-
- A price chart showing the prices of bitcoin over a week, a month and even over a year.
- An option to automatically sell all or a part of one’s bitcoins at a certain price point, whenever that price point is reached.
Bitcoin represents a secure and stable form of investment and exchange of funds and thus if one has some disposable income on his hands, he should go ahead and start investing. It would be a good introduction to the world of trading.