You may buy bitcoin by exchanges or stockbrokers, and from owners. Irrespective of where you can get this, you must consider risks of bitcoin investment in the digital assets. Purchasing bitcoin and other cryptocurrencies will be so much fun to explore the experimental new investment. However, it is true that investment in the cryptocurrency must carry the warning label just like cigarettes: “The product might be very harmful to your health of finances. Do not buy more than you may afford to lose.”
Value of bitcoin
World’s most popular cryptocurrency — now has risen from the recent lows however is trading below 2017 highs. Very much like all the cryptocurrencies, even bitcoin is experimental as well as subject to volatility than a lot of tried-and-tested investments, like bonds, stocks, or mutual funds. It is advised that one must not invest more than 10 percent of the portfolio in the individual stocks and risky assets such as bitcoin. Suppose you are new to investing, you must find out about how you can invest your money.
What you must know before buying
Have right information you might need handy. By setting up the cryptocurrency account generally takes some minutes, however, you will have to provide a little information, which includes the Social Security number or number to the bank account, credit card or debit card for funding the bitcoin account. There are some providers that might need you have picture ID. You can record & safeguard any passwords for the crypto account and digital wallet.
Never use credit card
Even though there are some providers that will allow you purchase bitcoin by the credit card, and making bitcoin investments just by borrowing from the high-interest product such as credit card is not the good idea at all.