Bitcoin Forum

First of all, Bitcoin is the first cryptographically backed digital currency.  ;D The blockchain is the first invention of its kind and can be compared to the steam engine, electricity, and Internet. Being the first Blockchain backed decentralized form of money, Bitcoin holds tremendous value as a long-term investment. You will need to learn why Bitcoin is considered The Internet of Money, and how you can get your hands on some and secure it as an investment.

There are two tasks you will need to accomplish in order to be a successful bitcoin investor.

1. Find a good bitcoin exchange (https://www.smartbitcoininvestments.com/how-to-invest-in-bitcoin/#best_bitcoin_exchanges)
2. Find a good bitcoin wallet (https://www.smartbitcoininvestments.com/how-to-invest-in-bitcoin/#best_bitcoin_wallets)

Learn more in the full guide (https://www.smartbitcoininvestments.com/how-to-invest-in-bitcoin/).

Hi. Could you give me some suggestion about good bitcoin exchange? I know some but not sure which one is the best to use?

Through exchanges we can invest in bitcoin and this is the safe way through which we can enter into crypto and investment is now the best option with us for making money in the future i hope that bitcoin will be the universal currency and in near future a new bitcoin state will be developed in the world where every thing will be use crypto for transactions.

I can just give you my experience, I cant say who is for sure the best because I havent tried all of them on a regular basis.    I've used Bittrex for a long time and they have always answered and dealt with any queries I had, they seem to operate a tight ship.
Also I found localbitcoins useful which deals with escrow for people changing money and other cash value into and from Bitcoin.   Both useful and generally well run with a decent interface for new users.


I dont like when people say invest, exchange yea and BTC is a kind of value exchangeable currency just like EURO if you went on holiday to Europe.  It has a use especially in travel or on the internet globally.    If talking about putting the BTC into a place that will return a yield, a kind of investment then sure we can discuss that also

after you get and can operate these two things, you have to be able to read where the market will move, there you have to be brave enough to make a decision at what price you will enter, after you succeed in entering the next stage you must be able to come out with optimal profits, opportunities and the risks that arise must be utilized as much as possible

Binance is the best at the moment. Very high trade volume and also has a great mobile app which you can use while anywhere.
Most exchange like Huobi, Kucoin, Okex have a withdrawal charge of 0.001 BTC but binance withdrawal charge is a full half of that, 0.0005 BTC.
Support has never disappointed me unlike bittrex where I raised a ticket and never got a response until I gave up on it

You can choose Binance, it is a good bitcoin exchange to use. You should give it a try.

There are many good exchanges, and it’s a matter of personal preferences and goals. However, we should limit our choice to reliable exchanges. I prefer CEX (https://cex.io/buy-bitcoins) because it exchange works with fiats and cryptos and is secure, user-friendly, and available in my country. Also, I use a CEX’s cold storage for keeping my funds.

Take note that while Binance is indeed a good exchange, if you're initially going to buy some bitcoin, you can't buy bitcoin using fiat money(USD, AUD, etc) through Binance. Binance is still currently only a crypto <-> crypto exchange. My pick would still be to use LocalBitcoins[1].

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[1] https://localbitcoins.com/

Hey if you wish to invest in bitcoins via exchanges then coinbase is what I would recommend. In my experience I have found it simple to use, while at times their support lags do note that. I would recommend you to invest in bitcoins, but without the need of an exchange you don't own your private keys, or seed, exchanges are prone to hack, and can even make you do KYC.

My advise:
- bitcoin exchange: binance, coinbase
- bitcoin wallet: hardware wallet

which exchang u using now?

Bitcoin exchange: Coinbase/Coinbase Pro, Binance
Bitcoin wallet: Electrum, hardware wallet

The first major step you really need to be concluding first before even attempting anything is to understand as much as you can about bitcoin before investing. If you do not do that, you will not be able to figure out the great potential of what you are investing in, the need to want to be a part of the future the more by all means, the way the market is volatile now but how it means a lot less when it comes to what the future holds, so in this case, it is more of you knowing what you want to get into first and understand how you can be making the right decisions without being carried away too much with the short term trends but focusing on the long term.

all available at the best rating here https://coinmarketcap.com/rankings/exchanges/
choose an exchange that suits you personally and has assets that have been registered in the exchange

There are many ways to invest in bitcoin. But the main thing which should be focused on is Time. Yes, Time will make your investment more successful. Because The best time to buy is when the currency value is low or it is expected to increase. Then we resell the coins when we believe that the time has come. Our investment does not have to be short-term, we can resell our Bitcoins after a few or several years. The advantage of this type of investment is that we are the owners of the purchased Bitcoins and we can use them as a payment method. The disadvantage is that in the case of a loss of the value of coins, we have to simply wait for their value to increase again.

In calculating fortune, in order to maintain peace of mind and still understand the market conditions are super positive, super negative or stagnant. Not only that, being a trader needs to be aware of the latest news from trusted sources, because many use the conditions when the price of Bitcoin decreases. So, be clever in addressing all information available.

Yes those are the two key players in the bitcoin network once you have a good exchange and a wallet then you can be sure of investing  in bitcoin safely, because your wallet hold you investment while the exchange is your door to either trade in bitcoin or cash out your investment into other currencies. And the best time to buy bitcoin is when the price is low in other to hold and sale high in the future when the price will have rise.

New people should choose some top exchanges to be sure that is not a scam exchange and lose their money. And after buy bitcoin if they choose to hold it, withdraw to their personal bitcoin wallet (hardware wallet preffered for large amounts) and hold their or on any wallet where they have private keys.

Suggest reading this: https://coinsutra.com/start-investing-bitcoins-beginners-guide/

Hi. I don't think there is the best. Any exchange is already a risk because they keep your private key (basically they own your money). Some exchanges that I trust are Binance, Kucoin (those are crypto only exchanges). If you need fiat you can use Coinbase or Kraken or even localbitcoin. Stay away from Poloniex and HitBTC.

The simplest and fastest way on how to invest in bitcoin is to buy them on exchanges then trade it if you want, if not then just store them on your wallet and wait for the price to increase. Or mine it if you have the knowledge.

additional advice

The 1st way to invest in Bitcoin: Investment with a minimum amount
The 2nd Bitcoin Investment Way: Allocate to Cloud Mining
The 3rd Bitcoin Investment Way: Update the Latest Price Development
4th Way of Bitcoin Investment: Avoid Bitcoin Stockpiling

Not quite understand what is the usefulness of your idea. As for me, it is easier to earn on the price difference and volatility of cryptocurrency.