The hype Bitcoin has been receiving due to the massive increase in its price during 2017 is unprecedented. Many stories are told about people who bought bitcoin for as little as $5 in 2009 and now worth over $16 Million in 2017. This rave has led to big expectations for 2018 and many analysts are forecasting that a single Bitcoin would be worth as much as $500,000 by 2020. This evolution leads to a shift in investments from a more stable traditional investments to Bitcoin and altcoins investments.
If you are one of the many people who want to start investing in Bitcoin or any other cryptocurrency and dont know where to begin, you have nothing to worry about. We have taken our time to carefully navigate you through the process of investing in cryptocurrencies using just your credit card. And starting even today.
Initially, Bitcoins were solely owned by the Bitcoin miners; these miners were a group of people skilled in computer programming who channeled their skills into mining of Bitcoins. These same guys were the ones who also introduced the initial cryptocurrency exchanges in order to exchange Bitcoin for cash.
These exchanges grow rapidly as many new investors wanted to join in. As a result, the exchanges suffered and still suffer from many problems. First of all, they are not designed for a high volume of requests. This means users trying to register have to wait on a long waiting list for weeks or even months before getting their requests approved. This causes investors to buy Bitcoin at a different price they wanted to initialy, due to its rapid change in value. Secondly, customer support service is nothing to write home about. No one is on hand to answer your enquires and queries including technical issues, or simply talking to an agent about withdrawing your cryptocurrency as cash. And lastly, and most importantly, they have a huge problem with security and suffer from a lack of proper regulation, so they could walk away with your cash, and no one would be held accountable.
Are there easier and safer ways to invest in Bitcoins and other Cryptocurrencies?
As the industry grow there became a need for a much faster, easier and safer way to invest in the cryptocurrency market. Well known brokers established reputable all inclusive services for buying and selling CFD contracts. In this way, people could open an account easily online with a broker for as little as $250 using their PayPal account or credit cards.
These services eliminate the waiting period to invest in Bitcoin, this means you can buy Bitcoin at the price you want to invest (without the waiting period). Another benefit is that they provide a round the clock support by agents who are willing to assist if you encounter any problem or even when you eventually decide to cash out.
In addition, by investing with a broker you can open a Bitcoin account with your name in just the same way you open a bank account. You can be confident your account details would be protected with the most recent security encryption algorithems. Brokers are required to have insurance that covers all investors funds, ensuring their clients money is safe. lastly, they must separate clients funds from company assets as required by law.
Compared to Cryptocurrency exchanges, regulated brokers carry out transactions in real offices and have real employees on their payroll. These employees are under strict supervision from regulatory bodies. You can be rest assured that a broker would be willing to play by the books just to keep his license in order.
Using a broker ensures that there is always someone who is ready to attend your every need and has your best interest at heart. Brokers have a 24/7 customer service and are there to help you with any questions you might encounter. Brokers also provide you with immediate access to your cryptocurrencies account at anytime anywhere. No waiting time for buying or selling. Everything is instant, just as it should be.
These benefits cannot be derived from any cryptocurrency exchange in the world today.
The world of digital currencies known as cryptocurrency is growing fast and is available to you right now. You too can be part of the ever-expanding cryptocurrency network in just a click away. And the best part is that you dont need any form of technical knowledge to do so. You can now start to invest in one of the most lucrative investments known to man.