Bitcoin Market
The global Bitcoin market was estimated at $214,833 million in 2018 and is expected to reach $1,692,252 million by 2027. Expectations are for the bitcoin market to grow at a compound annual growth rate (CAGR) of 25.67% from 2019 to 2027. According to Coindesk, Bitcoin’s value surpassed $1 trillion in February and was traded at just below $54,000 per coin. The bitcoin price has gained 360% over the first six months of 2021, hitting new highs. Before the record highs, the digital currency never traded above $20,000.
Bitcoin Market
The global Bitcoin market was estimated at $214,833 million in 2018 and is expected to reach $1,692,252 million by 2027. Expectations are for the bitcoin market to grow at a compound annual growth rate (CAGR) of 25.67% from 2019 to 2027. According to Coindesk, Bitcoin’s value surpassed $1 trillion in February and was traded at just below $54,000 per coin. The bitcoin price has gained 360% over the first six months of 2021, hitting new highs. Before the record highs, the digital currency never traded above $20,000.
Buy and Sell Bitcoin
Buy BTC
If you are using a crypto exchange you can follow the below steps:
Visit a cryptocurrency exchange.
Create an account and verify
your identity.
Follow the website’s
instructions buy Bitcoin Cash
(BCH) or Bitcoin (BTC).
Your coins will appear in the
exchange’s wallet which is
connected to your exchange account.
Finally, move your Bitcoin to
your personal wallet for extra security.
Sell BTC
If you want to sell your bitcoin, you can also do so through a cryptocurrency exchange, by following the below steps:
Create an account and verify
your identity.
Follow the website’s
instructions to sell your Bitcoin
Cash (BCH) or Bitcoin (BTC).
If you sold it for fiat, you can
cash out the funds into your
bank account.
If you sold it for another
cryptocurrency, you can send the cryptos to your personal wallet (make sure your wallet accepts those specific cryptos coins before sending).
Buy and Sell Bitcoin
cryptocurrency exchange, a bitcoin wallet, or a trading platform.
Buy BTC
If you are using a crypto exchange you can follow the below steps:
Visit a cryptocurrency exchange.
Create an account and verify your identity.
Follow the website’s instructions to buy your Bitcoin. You can buy Bitcoin Cash (BCH) or Bitcoin (BTC).
Your coins will appear in the exchange’s wallet which is connected to your exchange account.
Finally, move your Bitcoin to your personal wallet for extra security.
Sell BTC
If you want to sell your bitcoin, you can also do so through a cryptocurrency exchange, by following the below steps:
Create an account and verify your identity.
Follow the website’s instructions to sell your Bitcoin Cash (BCH) or Bitcoin (BTC).
If you sold it for fiat, you can cash out the funds into your bank account.
If you sold it for another cryptocurrency, you can send the cryptos to your personal wallet (make sure your wallet accepts those specific cryptos coins before sending).
Why trade Bitcoin?
Trading bitcoin has been increasingly the favourite choice of many traders and investors who look to make profit. Trading in major currency pairs might still be a popular trading choice but a rising number of traders and crypto enthusiasts are focusing on the benefits of trading digital currencies and the most popular among them, bitcoin. Many brokers are offering cryptos and bitcoin trading these days, and this is becoming more common. Due to bitcoin’s and cryptos’ high volatility, trading in cryptocurrencies has become a popular asset category for traders globally.
High volatility
If you are looking for consistent profits, volatile pairs are a must and, when it comes to trading bitcoin, you will never have to worry about market volatility.
Less affected by financial news
Trading bitcoin is much easier than forex, as it is less complicated and requires little knowledge of the technical side. Unlike forex, where traders need to be aware of fundamental factors, bitcoin is much clearer and many profit much more easily with cryptos than with traditional currencies.
No need for high leverage
Forex is associated with high leverage but also with more risk. When it comes to bitcoin trading, retail traders usually access to low leverage such as 1:2 leverage. This means that you are exposed to less risk when trading and you are always in control.
Easy to understand
If you trade bitcoin or cryptocurrencies, you don’t have to worry about major trends, plus it is much easier than forex.
Why trade Bitcoin?
make profit. Trading in major currency pairs might still be a popular trading choice but a rising
number of traders and crypto enthusiasts are focusing on the benefits of trading digital currencies
and the most popular among them, bitcoin. Many brokers are offering cryptos and bitcoin trading
these days, and this is becoming more common. Due to bitcoin’s and cryptos’ high volatility, trading
in cryptocurrencies has become a popular asset category for traders globally.
High volatility
If you are looking for consistent profits, volatile pairs are a must and, when it comes to trading bitcoin, you will never have to worry about market volatility.
Less affected by financial news
Trading bitcoin is much easier than forex, as it is less complicated and requires little knowledge of the technical side. Unlike forex, where traders need to be aware of fundamental factors, bitcoin is much clearer and many profit much more easily with cryptos than with traditional currencies.
No need for high leverage
Forex is associated with high leverage but also with more risk. When it comes to bitcoin trading, retail traders usually access to low leverage such as 1:2 leverage. This means that you are exposed to less risk when trading and you are always in control.
Easy to understand
If you trade bitcoin or cryptocurrencies, you don’t have to worry about major trends, plus it is much easier than forex.
Knowledge pays the best
Make sure, that before you start trading, you have a good grasp of the ins and outs of bitcoin trading and cryptocurrencies in general. Do not leave things to chance. You can get acquainted with trading bitcoin in a demo account, and then, once you feel more confident, start trading in the real market. Keep yourself updated with the crypto industry, by accessing popular websites on crypto news or joining specialist forums and discussions boards to share your thoughts and learn from other bitcoin traders.
Knowledge pays the best
Make sure, that before you start trading, you have a good grasp of the ins and outs of bitcoin trading and cryptocurrencies in general. Do not leave things to chance. You can get acquainted with trading bitcoin in a demo account, and then, once you feel more confident, start trading in the real market. Keep yourself updated with the crypto industry, by accessing popular websites on crypto news or joining specialist forums and discussions boards to share your thoughts and learn from other bitcoin traders.