4 Ways To Invest In Digital Currency Bitcoin

Bitcoin continues to gain currency, and here's how you can get in

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4 Ways To Invest In Digital Currency Bitcoin

Purchase Coins Directly From an Exchange

This is easiest, most direct way to invest in bitcoin. Choose Coinbase as your exchange. Backed by Silicon Valley royalty, Coinbase combines the two things you need to start collecting bitcoin: a wallet (a digital place to receive, send, and/or store your bitcoin), and an exchange (to buy the bitcoin with U.S. dollars).

At the time of this writing (February 17), one whole bitcoin will cost you about $660. But there’s no need to buy a whole one because the currency can be divided into tiny fractions, up to eight decimal places.

Once you create a Coinbase account, you’ll need to link a bank account and verify your phone number. At this point, you can buy bitcoin, but you will have to wait a few days for the transaction to go through while Coinbase verifies all your details. The price will be locked in when you make your purchase, so if the exchange rate jumps or dives, your cost remains the same.

Since the object of your purchase is not to spend but to save bitcoin, just leave them in your wallet, or transfer them onto a USB drive, as one investor suggests.


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/bitcoin-bitcoin-etf/.

©2014 InvestorPlace Media, LLC

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