Are you finally ready to take the plunge into the world of cryptocurrencies? It may seem complicated, but with a little research, beginners can be buying and selling Bitcoin in no time.
Bitcoin is the most ubiquitous digital currency on the market, so we'll show you the ropes on buying, selling, and storing it. However, these tips can apply to other cryptocurrencies like Ethereum (or even Dogecoin, if that’s your thing).
What to Know Before Buying Bitcoin
At the time of this writing, the value of 1 Bitcoin is just shy of $40,000. But don’t worry, you can still buy Bitcoin in fractional amounts even if you aren’t obscenely wealthy. Before you buy your slice of Bitcoin pie, however, there are a few things you’ll need to do first. These include:
Trade at very affordable prices using one of over 300 ways to buy Bitcoin in Bangladesh, including popular local payment methods such as bKash E-Wallet
Set up an account with a reputable cryptocurrency exchange.
Collect the documents needed to verify your identity for Know Your Customer (KYC) exchanges.
Make sure you have a fast, reliable internet connection.
You’ll also need to go into the experience with an understanding that cryptocurrencies—and Bitcoin in particular—can be volatile, drastically changing in value from one day to the next. With that in mind, never invest more than you can afford to lose when purchasing cryptocurrency.