Google searches for buying Bitcoin in 2021 have exploded since Bitcoin first crossed the $ 11 million mark. Somehow, all of the wild bitcoin predictions you heard earlier this year don’t seem so wild anymore. You may also be wondering if it’s too late to buy bitcoin with a knock on our doors in 2021. To like this video says, it is better to look at it in terms of how valuable Bitcoin will be in the future. And it is best to start planning for that future now.
How exactly do you join the Bitcoin Club? The easiest way to Buy bitcoin takes place via a cryptocurrency exchange. This is an online platform where you can deposit money in a normal currency such as Naira and convert it to a cryptocurrency such as Bitcoin on the current exchange.
What to look for when buying Bitcoin
When looking for one Cryptocurrency exchange To use, there are a few things to look out for.
First of all, you want a quick exchange. Since the price of Bitcoin goes up and down quickly, you need to be able to buy and sell quickly. Always look for an immediate buy and sell option.
Second, you want an exchange that allows you to send your bitcoins to people and quickly receive bitcoin from people when you need to.
You also need an exchange with at least 1 stable coin. A Stablecoin is a cryptocurrency that is tied to the price of a normal currency so that it doesn’t swing wildly up and down. For example, Tether, also known as USDT, is a stablecoin and is pegged to the US dollar. So 1 dollar equals 1 USDT. You need a stablecoin so that when bitcoin is unstable and you want to wait for things to cool down, you can quickly convert it to a stablecoin and back.
Where can you buy Bitcoin in 2021?
A few years ago you had to convert your money into dollars or walk around bitcoin trading groups (some of which were scams) just to Buy bitcoin. But now you can do it from the comfort of your home as there are several cryptocurrency exchanges that allow you to do this Buy bitcoin with naira.
Some exchanges have websites, mobile apps, or both, and you can choose which platform to use depending on what works best for you. Exchanges like Quidax, for example, have a website and a mobile app for iOS and Android. So, you can choose what works best for you. The most important thing is that you find a fast, safe, and reliable exchange that will help you enjoy your Bitcoin journey.