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markstivn98
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February 04, 2019, 06:06:41 PM
 #1

How can i invest a small amount of bitcoin as a start to me?
what is the best way?
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February 04, 2019, 06:25:40 PM
 #2

You have said it all "a small amount" it's always good to start small when investing.
But first you need to have a bitcoin wallet
Luno
Coinbase
Electrum
Trezor and so on

Then you can go to an exchange to purchase bitcoin in which you would transfer to your wallet.
Exchanges like
Binance
Luno
Coinbase.
 The current price of bitcoin is $3460 per one bitcoin but you can purchase bitcoin for the amount you wish to start with..
Note-taking always be security conscious protect you private keys, back your device with 2fa authenticator, And if you must by offline employ the services of a trusted escrow
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February 04, 2019, 06:28:22 PM
 #3

You'll have to purchase the bitcoin either from an exchange or directly from an individual who's willing to sell and is a trusted one,though such transactions require the use of an escrow.
You can then decide to either hodl your coins or trade actively in the market
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February 04, 2019, 06:39:10 PM
Merited by MeEsH BaCcA (1)
 #4

How can i invest a small amount of bitcoin as a start to me?
what is the best way?
Before you start off, I advise you first learn the basics about bitcoin;
- wallets
- security measures you can take up to protect your funds.
- Different Bitcoin exchanges
- Good trading practices

Bitcoin Wiki is a very good place to start from.

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February 04, 2019, 07:54:36 PM
 #5

If you're completely new to Cryptocurrency, then i'd advise you to buy BTC from an established source first. Places like Binance, Coinbase or a reputable Local Bitcoins trader. Personally i'd use Coinbase, the verification can be a pain in the arse and the fees are shit but at least you know you'll get what you buy.

Please please please don't go with anyone offering you a too good to be true deal. Right now the Crypto market is pretty flat and you'll not lose anything by waiting and researching all your options, still for every known institution selling coins there are 50 sumbags offering you a better deal or the next 1000% ICO. You genuinely have nothing to lose taking your time and doing your own due diligence, it's your money at stake not the dickhead's with a vested interest. 
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February 04, 2019, 07:56:40 PM
 #6

You can purchase bitcoin from local exchanges such as coinbase. I though trading with it  can be difficult if you don't know how to trade and understand the crypto market. You can read more topics on this on this market board to learn . I have learnt so much there.
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February 05, 2019, 01:25:07 AM
 #7

I tend to use P2P services like LocalBitcoins or Paxful for lower-quantity trades, but exchanges are fine if you're trying to get the best rates. I've had very few issues trading on both LBC and Paxful; as long as you stay away from suspicious sellers and sellers with low reputation or a large gap in activity, you should be fine. Exchange verification's not too bad now IIRC as demand's dropped off for exchanges and you can get verified very quickly now on most exchanges.

If you don't want to spend money on a hardware wallet yet, a password-encrypted Electrum wallet is just fine for non-permanent, medium-term storage. I would suggest getting a hardware wallet sometime in the future if you do choose to invest more into BTC for more security though.

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February 05, 2019, 03:25:55 AM
 #8

It really depends how "small" the amount you're referring to is. Also, the platform you use depends on what country you're in; though I really heavily suggest using LocalBitcoins[1].

Before "investing" though, I really suggest that you actually learn what you're investing in first, and how to protect yourself. DO NOT invest in something you really don't understand.

Take your time to read these:


[1] https://localbitcoins.com/

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February 05, 2019, 05:23:07 AM
 #9

How can i invest a small amount of bitcoin as a start to me?
what is the best way?

Welcome.
First, buy some from any exchange. Small amount, try to use it, send to your other address or donate it.
Then you know how easy it is, now you can learn about security. Then and only then invest buying from exchange.
Good luck!

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February 05, 2019, 05:44:30 AM
 #10

You will probably need to sign up to an exchange that accepts your fiat money like Coinbase.  Then you can trade it for bitcoin.  Good luck on your journey. 
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February 05, 2019, 07:19:43 AM
 #11

Bitcoin trade and investment could be easy and complicated at the same time is not always right to just venture into it with out enlightening your self appropriately about it you can check out this article
https://icoholder.com/blog/trading-bitcoins-for-beginners/
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February 05, 2019, 01:02:17 PM
 #12

Buy on the dip Bitcoin or invest in good ICO (if you find such Grin), then can invest in altcoins, create a portfolio based on long- , short-term assets, participate in bounties, crypto projects, etc. Blockchain is the whole industry Shocked

Mr. ScamKiller - Shitcoin Offering Wink
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February 05, 2019, 01:30:39 PM
 #13

I have a wallet thanks for your advice i will do it

Just curious, what type of wallet do yo have? Do you have the private keys of the wallet?
Do not consider exchange or Web wallets as secure wallets.

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February 05, 2019, 01:45:34 PM
Last edit: February 05, 2019, 02:15:59 PM by CryptoInsights
 #14

How can i invest a small amount of bitcoin as a start to me?
what is the best way?


There are few things that you need to know before you invest in crypto.
 
1. Wallet:: Select trusted and safe wallets like trezor, Guarda etc., I would suggest you to use hardware wallet as it is not likely to be hacked. Do not leave your funds on exchange as there are chances of getting hacked.

2. Details that you should not share: Do not share your PRIVATE key with anyone. Try to use exchanges that do not ask for your KYC. KYC documents were sold after hack refer: https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web

I suggest you to use the combination of hardware wallet to store with non-custodial exchange to buy and no KYC. And I find the combination at https://coinswitch.co/ . Also, I would suggest you to have a portfolio instead of just holding BTC as the PnL will be balanced by portfolio.

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February 05, 2019, 03:04:32 PM
 #15

How can i invest a small amount of bitcoin as a start to me?
what is the best way?
Best way is to determine on how 'small' you are about to invest in bitcoin. How much are you willing to invest? and this amount must be an affordable amount for you to lose. And buy it through P2P or exchange that's available to your country.

order mining rig maybe to start mining bitcoin or altcoin.
I doubt it that he can order a mining rig as he said that he's just about to invest a small amount.

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February 05, 2019, 05:10:13 PM
 #16


I doubt it that he can order a mining rig as he said that he's just about to invest a small amount.

You'd be surprised some don't even bother to read the OP...

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February 06, 2019, 01:22:08 PM
 #17

If you want to invest bitcoin, you must understand it, first a safe wallet. I recommend using cold  wallet like: Ledger nano S, Trezor, or if you don't have the money to buy wallet types above, blockchain.info is also a very safe option. A secure wallet is the most important thing in investing in bitcoin, or any other type of altcoin, you won't want a hacker to visit and take your entire bitcoin someday. Huh

Next you have to learn about Bitcoin trading, a safe trading place, I recommend buying on reputable exchanges such as Coinbase, Remitano.. These are platforms that allow you to buy Bitcoin and some altcoin with fiat money. So it is very convenient for a small investment.

And it's important to believe in the future of bitcoin, invest in it with a long-term intention. If you think you can get rich quickly with bitcoin, you should stay away from it, bitcoin has potential, but no one knows what will happen in the future.


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February 06, 2019, 07:22:31 PM
 #18

blockchain

The blockchain is not a wallet, but it's (roughly) the connection between the entire ecosystem and the means of transferring cryptocurrency from one wallet to another.
Wallets are of different types and are designed to store coins and tokens with certain algorithms.
A wallet designed for a specific platform ERC-20 for example can not hold bitcoin.

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February 07, 2019, 03:33:54 AM
 #19

blockchain

The blockchain is not a wallet
I think what he meant to say was blockchain.com wallet.

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February 07, 2019, 01:21:15 PM
 #20

How can i invest a small amount of bitcoin as a start to me?
what is the best way?

better buy small amount each time you have extra money,or allocate part of your monthly compensation for buying bitcoin,if theres an available local wallets in your area then bettee buy from those or you can use Coinbase since this is the most safest wallet,but the transaction fee are higher so check if first
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