Whats the best way to trade in Bitcoin and other Cryptocurrencies?
Buy and Sell Digital Currency
Bitcoin, Ethereum and Litecoin are probably something you are hearing a lot about recently, it is all over the news after it’s recent surge in their value. Many people are starting to wonder, what is the best way to trade in Bitcoin and the other main cryptocurencies?
While there are many ways to trade and hold you Bitcoin, one of the front runners is actually one of the biggest players in the market. The US based online platform called Coinbase.
Ease of Use
Coinbase is completely web based, and holds the mantle of the worlds most popular way to buy and sell the three main Cryptocurrencies:
The mobile app is intuitive, easy to use and gives an easy to follow price index:
Registration takes approximately 5 minutes, and a suggested entry level amount could be as little as $100 (£74). Which is perfect for dipping your toes in the world of cryptocurrency trading as you take your first steps into building your online portfolio.
What to expect
When you sign up you are asked to create your account with a very long password. Additional security can be added in the form of Google Authenticator. You will need to verify your identity and pay a small transaction fee with each purchase.
The funds are then placed in your wallet and you are given a real time view on the value of your investment portfolio, meaning you can actually view your investment fluctuating up and down with the market.
It is possible to set up alerts to notify you when the price rises past a certain level, so you know when to sell. Or drops below a certain threshold, which could indicate the perfect time to buy.
Only 2% of it’s users funds are exactly ever stored online, therefore while not making Coinbase technically hacker proof. Certainly goes a long way to reassuring new investors, and seeks to further reassure investors by insuring funds up to $250,000.
Perfect for those who are looking to take their first steps into buying and selling Bitcoin, Ethereum and/or Litecoin. Coinbase is the method which offers the easiest route to market, the most intuitive interface and the most convenient storage of your fledgling investment portfolio.