Bitcoin is the magical icon in this era! People all over the globe wants to acquire it! More than the virtual currency, Bitcoin has become the class. Once people scared of these kind of things and hesitate to invest in it because of security issues. Now in 2020, the world got enough clarity for cryptocurrencies and really wants to buy it.
The jet speed price growth is another important factor that makes people crazy on bitcoins, In the year 2012, the price of a BTC is 13USD and now the price of one bitcoin is 11K USD.
Many developed countries have laid friendly ecosystem for Cryptocurrency and Blockchain Technology and regulate their Act accordingly. Recently USA has passed the Cryptocurrency Act 2020 to facilitate Crypto ecosystem. In the COVID-19, Lockdown period, only some industries positioned themselves but Cryptocurrency industry grows drastically and many Cryptocurrency Exchanges have attained record breaking Trade volume.
Let’s dive in,
Are you ready to buy bitcoin? Where to hold it?
The very fundamental thing to hold bitcoin is Bitcoin Wallet
Bitcoin wallet is a kind of wallet designed to store bitcoins, every wallet has a unique private key, one need to handle their private key to access their wallet.
Wallets are broadly classifieds as
- Online wallet
- Offline wallet
Some Cryptocurrency Exchanges offer inbuild wallet but it is highly but it is advisable to create a bitcoin wallet in private to get bitcoins from various methods.
Cryptocurrency Exchange Platforms
Cryptocurrency Exchange Platform is the place where one can buy or sell Cryptocurrencies. There are nearly 400 licensed Crypto Exchanges in the world, let’s have a look at popular exchanges.
They are broadly classifieds as
- Centralized Crypto Exchange
- De-centralized Crypto Exchange
- Hybrid Crypto Exchange
Some popular Cryptocurrency Exchanges are
Binance is the Popular Cryptocurrency Exchange with nearly 100+ Cryptocurrencies, This Exchange has a branch in many countries and focusing geographically, They have started Binance US, Binance Jersey, Binance Australia, to gain traders in the specified location. One can buy Bitcoins with their native currencies in the specific branch.
Coinbase supports fiat to crypto trading as well as the crypto to crypto trading. This exchange holds 23 Cryptocurrencies and only six fiat currencies such as USD, EUR, GBP, AUD, CAD, SGD. Coinbase stores 98% of its funds in offline wallets for security features.
Zebpay offers its service in mobile apps and web applications that support Cryptos such as Bitcoin, Ether, Litecoin, Ripple, Bitcoin Cash, EOS. For security purposes, they have incorporated a Blockchain-based payment gateway payment system for instant transactions.
P2P Cryptocurrency Exchanges
In Peer to Peer Cryptocurrency Exchanges, the transactions occur end to end, there is no involvement of any third parties. The seller sells the cryptos directly to the buyer’s wallet and the buyer sends the money to the seller. There is no deposit fee, trading fee, withdrawal fee here. Popular P2P Crypto Exchanges are
Localbitcoins is the popular P2P Bitcoin exchange, It offers Ad posting feature, an online forum to write regarding the trading experience, and also a private chat option to communicate with traders. This Exchange also supports offline trading, traders can meet in person and make offline trading.
Paxful is also the famous bitcoin Exchange, the one on one competitor for Localbitcoins. Paxful only supports bitcoin. The unique feature of this exchange is it supports nearly 300+ payment methods for user convenience and recently adopted gold as the kind of payment method.
If you don’t want to get involved in Cryptocurrency Exchanges, You have online websites that give you rewards in Cryptos for the tasks you have done.
Crypto powered Blogging sites are recently getting popular, if you are good at writing, find a niche, and post blogs with eye-catching images and videos.
Every thing is online now! Internet interconnects the world! Hope you have some idea about how to buy bitcoin in 2020? We can’t deny the truth that, hacking still exists in crypto industry yet we can protect us! It is highly advisable to invest only in high authority sites.
Buy Bitcoin! Enjoy the Digital Money!