Crypto Frontline

Where Can You Buy Bitcoins?

Where Can You Buy Bitcoins?
March 01
10:42 2017

Since Bitcoin had an astonishing performance in 2017, almost reaching the 5000$ milestone, people got interested and want to find out more about bitcoin trading and how they could profit from price fluctuations, as some optimistic analysts suggest that bitcoin price could reach a staggering 100.000$.

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How could you buy bitcoins?

If you want to exchange fiat money, or ordinary money into bitcoin, in other words, make a placement and use bitcoin as a long term wealth storage opportunity, you can buy bitcoins from a bitcoin exchange. Now that a few year had passes since cryptocurrencies had appeared, you can find some trustworthy exchanges, with a proven track record and positive feedback from their clients. Coinbase and Bitfinex are two of the most popular exchanges and you could use them.

Trading bitcoin with a broker

Since the bitcoin price is over 4000$ right now, for most of you the first alternative won’t be so cheap. If you are in that situation there is another cheaper alternative to buy bitcoins and that is through an ordinary brokerage firm.

Recently, the most part of the regulated brokers had included bitcoin in their trading instruments list. Why is that more advantageous?

Because you can use leverage, in case you can limited capital and you can profit from price variations over short periods of time.

You won’t own the bitcoin, but you will buy a financial contract equivalent to it. Bitcoin trading could a more affordable way of investing in bitcoin, so if you have limited funds available and you think you have the skills required to generate profits trading bitcoin, then using a broker’s account could be a good option for you.

Risk Warning and Disclaimer

Trading crytocurrencies on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. 

Where Can You Buy Bitcoins? - overview
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Summary: Because you can use leverage, in case you can limited capital and you can profit from price variations over short periods of time.

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