It is not enough to just have some prior knowledge of Bitcoin in order to be a successful investor. Take note that since most of the investment processes in the Bitcoin Era happen online, there is a pretty big chance that you will either be scammed or your account could get hacked. With that, it is important that you choose a website that is not only trustworthy but also has a strong security network. You’re in luck because just the other day, we decided to list down top five websites where beginners can safely invest their Bitcoin. Just read on below to learn more.
If one of your goals is to multiply your assets, Coinbase is a pretty good place to start. For one thing, it supports a ton of cryptocurrencies not just Bitcoin. That’s right. Cryptocurrencies are not just limited to Bitcoin.
It can be pretty risky to only invest in a particular cryptocurrency. When you invest on different assets, you have a good chance of gaining more profit.
With Coinbase, you can also be sure that there is a high-level security. More than that, the platform also allows buying and selling of Bitcoins. You can actually transact with the actual Bitcoin owner himself.
If you are highly sensitive about security, you should know that all activities are monitored. If something appears to suspicious, the staff of Coinbase will then be conducting an investigation.
One thing you need to know about this site that it is not a crypto exchange platform. In this way, it is so much different from Coinbase.
This is actually just a site where you can communicate with lots of Bitcoin enthusiasts. Whether you are looking for someone who wants to buy your Bitcoin or someone who is willing to sell his digital assets, this is a great place to go to.
It has a pretty good security system in place as well. There is an escrow system that allows users to be safe from scammers.
An escrow system protects buyers in the sense that the Bitcoin that they are selling is kept in a safe place until the payment of your customer is confirmed.
The site also comes with a unique layout that is easy to navigate. With that, it shouldn’t take you long before you get a handle of the website. Once you do, you are bound to gain lots of profit in no time.
If you have been following the Bitcoin industry for quite a while now, you might have heard of Kraken multiple times already. This platform is actually quite popular. Back in the days, it was among the first websites to pass an independent audit. Ever since they did that, the company has grown a lot.
Unlike Coinbase, Kraken is focused on Bitcoin alone.
Perhaps, one of the reasons this site is so popular is due to its easy and fast registration process. Most sites would require you to set up a two-factor authentication. It might seem like a hassle for some people but this is actually needed if you want your assets to be safe.
However, if you don’t know how to do this then Kraken would probably be the safest trading site for you to join.
It doesn’t require the two-factor authentication but it makes up for it in other means that are bound to keep your Bitcoin safe as well.
It also has a fast engine. With that, you can go worry-free about being slowed down while trading Bitcoins.
If you are someone who is no the go, it might be pretty hard for you to locate time for trading. In that case, you should try Paxful.
The great thing about this site is that everything is done in simpler and quicker pace. All you have to do is type in the amount of Bitcoin that you want to buy. After that, you will be delivered to a page where you can choose a seller that you want to transact with. You can choose the price that works best for you.
Another thing that you are going to love about Paxful is its flexibility. You can choose from various kinds of payment methods. The company supports any bank. You can even pay using PayPal or Bitcoins.
We recommend Binance for beginners. The reason is that the site comes with a beginner and advanced user interface where you can see the live report of the market.
Seeing the patterns of the chart will help you analyze which direction the market is going to go next. This is quite helpful for beginners because this will have a general idea of how the technicalities of Bitcoin investments go.
It also has lower transaction fees compared to other platforms. If you look at the features this site has to offer, this would be considered relatively cheap.