Top 5 Places to Invest in Bitcoins in 2022 

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Top 5 Places to Invest in Bitcoins in 2022 

Top 5 Places to Invest in Bitcoins in 2022 

Bitcoin is a virtual currency that can be used online or via mobile phone apps. It was the first successful example of a new digital currency. It was originally designed to be an alternative to the traditional banking system and can be used for payments, transactions, and even as a store of value. It has become popular in many countries due to its low transaction fees and fast transaction times

Today it is one of the most popular options for buying and selling goods and services on the Internet. The main cryptocurrency symbol is BTC which stands for “BitCoin”. What would have been impossible just one year ago is now commonplace

Bitcoin has risen from $0.0001 to $1,000 per coin since then and it is now worth over $19 billion, which makes it one of the best investments to go in.

What’s new about Bitcoin? How does it work? Where do I start? How do I invest? I will be showing guides and all the necessary information you need to safely invest in Bitcoin 2022.

Best Places to Invest in Bitcoins – A Guide to Investing in the Bitcoin Market

To be a profitable Bitcoin investor, there are some guides you need to follow and some knowledge you need to acquire. Even though is a highly profitable investment, it can be risky if you lack the guidance and knowledge required to navigate the system.

First of all, there are some basic things you need to know about Bitcoin before becoming an investor. So let’s take a look at them.

What Do You Need To Know About Bitcoin Before You Start Investing

  1. Understand the nature of Bitcoin: First, you need to understand that Bitcoin is a decentralized digital currency built on Blockchain technology. Blockchain technology gives Bitcoin its autonomy, which means it is free from governmental control like the bank. You must do a study on Blockchain technology, how it functions, and what it entails. However, if are not a computer scientist or you don’t have a coding background, some aspects of Blockchain technology will be difficult for you to learn. In this case, you can sign in for a course at Udemy, Coursera, or Skillshare to learn about Blockchain technology from the basics.
  1. Understand how the digital currency world works: This is a very important point especially if you are new to the cryptocurrency world. You need to understand how the digital currency world functions before investing. Commit time to learning about the different currencies in the digital asset world.
  2. Join an online community of cryptocurrency enthusiasts: The cryptocurrency world is a volatile world and one that is highly influenced by the news and innovation. So you must stay current, and one of the ways to do that is to join an online community of cryptocurrency enthusiasts. There you tend to get first-hand information on the latest innovation, adoption, and expansion of your favorite coin.
  1. You have to discard every form of fear before starting to invest: There are four fears most people do have in the crypto space and they are:
  • Fear of the unknown
  • Fear of failure
  • Fear of being left behind by technology
  • Fear of being replaced by robots or artificial intelligence (AI)

Proper knowledge is the remedy for this fear which is why it is the last on the list. When you fully understand what you are going into, you won’t be blinded by these falsehoods.

Haven understood all you need to know before investing, the second one is that you have to understand the steps involves in investing in Bitcoin.

Top 5 Places to Invest in Bitcoins in 2022 
Top 5 Places to Invest in Bitcoins in 2022

How to Invest in Bitcoin in – 5 Steps

 Here’s how to invest in Bitcoin, in 5 easy steps:

  1. Get and Join a Bitcoin Exchange
  2. Open a Bitcoin Wallet
  3. Connect Your Bitcoin Wallet to a Bank Account
  4. Place Your Bitcoin Order
  5. Manage Your Bitcoin Investments
  6. Get and Join a Bitcoin Exchange

The first step towards investing in Bitcoin is to get and join a suitable crypto exchange. Bitcoin does not have an exclusive official “Bitcoin” exchange. As a Bitcoin investor, you have to make use of Crypto exchange. Several exchanges facilitate Bitcoin transactions and investments. These exchanges serve as middlemen just like a stock brokerage.

In getting an exchange, go for the ones with a high level of security and reliability. In the past, some of the crypto wallets have been attacked by hackers leading to the funds of millions of dollars. Below are some of the crypto exchanges in the global marketplace.

  • Binance: This is the best crypto exchange in the world in terms of features, security, and availabilities of cryptocurrency exchanges and altcoins
  • Coinbase: This is another reliable popular crypto exchange that insures losses when you fall victim to a fraudulent transfer or security breach.
  • Kraken: This is a San Francisco-based exchange that is suitable for advanced traders and investors. It allows you  to invest in Bitcoin using various currencies from around the world
  • BitfinexThis is the longest-running cryptocurrency exchange that is designed to meet the needs of advanced traders and investors. However, the limitation here is that currently, Bitfinex doesn’t accept US customers.
  • Gemini: Gemini is another credible exchange that is designed to suit the needs of both casual and veteran Bitcoin investors providing them with different user interfaces and fee structures.
  1. Open a Bitcoin Wallet

After choosing the exchange that suits your need more, the next step is to open a Bitcoin Wallet. The bitcoin wallet functions the same way as your bank account. When you deposit money to your bank,  it is been stored in your account, while for Bitcoin, the wallet serves to store and keep the wallet. There are two types of wallets – a “hot wallet” or a “cold wallet.”

A hot wallet is the type of wallet that’s operated by either your cryptocurrency provider or exchange. Sometimes, you get offered a hot wallet when you sign in to the exchange. However, the hot wallet is known to be convenient as it can be easily accessed through the internet or a software program.

Some types of hot wallets are:

  • Mycelium: This is a  mobile-only app for Android and IOS users
  • Electrum: This is the software that allows you to store your coins on your computer

However, in terms of security, hot wallets are not very secure. If your hot wallet provider gets hacked, your information is at risk also.

A cold wallet is the safest storage method for your coins. A cold wallet is an actual piece of hardware that stores your coins, usually, a portable device that’s similar to a flash drive. The two popular cold wallets are:

  • Trezor
  • Ledger Nano

Cold wallets are sold from $60 to 100 dollars. This is expensive for some people. If you are investing small amounts of Bitcoins, you can opt-in for a hot wallet with an insured crypto exchange. But if you are going to invest in a large amount of Bitcoin, cold wallets are the safest for your investment.

  1. Connect Your Wallet to a Bank Account

After opening your Bitcoin wallet, you’ll need to connect it to your bank account. Linking your cryptocurrency exchange account to your bank account will enable you to purchase Bitcoin using your funds directly from the bank.

  1. Place Your Bitcoin Order

Haven linked your Bitcoin wallet to your account, the next step entails placing your order on the amount of Bitcoin you want to buy.

Before placing an order on a Bitcoin purchase, you must fund your wallet. Some exchanges demand you fund your account for as low as $25 to be able to carry out transactions.

Ensure you have drafted out and reviewed your investment strategy before you purchase any Bitcoin. The Bitcoin market is volatile, very risky, and very rewarding.

  1. Manage Your Bitcoin Investments

After you’ve purchased Bitcoin, you can have to carefully manage it. Managing your Bitcoin investment comes in various forms, and they are:

  • HOLDing your coins for a long period – This is for investors who are committed to long-term investment. When the value appreciates, you can then cash out.
  • Daily trading—This entails transacting Bitcoin with other Bitcoin owners, and this is facilitated on the cryptocurrency exchange. Here, you have to be ready to commit your time. To be a successful trader, you must understand the workings of fundamental analysis, technical analysis, and the influences of the media or world news.

5 Best Places to Invest your Bitcoin 

  1. eToro – Overall Best Place to Invest in Bitcoin 2022

eToro ranks as the overall best place to invest in Bitcoin 2022. You can easily create a verified account in minutes at eToro and you only need to fund your account with $10 to kick start your Bitcoin investment.

You can fund your eToro account using various means such as using:

  • Debit/credit cards (Visa and MasterCard)
  • e-wallets like Paypal and Neteller
  • Traditional bank transfers

eToro accepts deposit or withdrawal fees – however, if you are resident in the United States, you are exempted from this.  

eToro makes it possible for you to invest in a pre-made basket of cryptocurrencies via the CryptoPortfolio tool –  and the best part is that it is professionally managed by the eToro team. 

See also:

  1. Webull – Invest in Bitcoin for as low as $1 

Webull makes the process of investing in Bitcoin less stressful.  It offers a user-friendly platform that allows you to open an account having to meet a certain minimum amount of deposit.  With as low as $1 upwards, you can become a Bitcoin investor.

This $1 minimum extends to other cryptocurrencies supported on the platform – that include Ethereum, Dogecoin, Chainlink, Shiba Inu, and Litecoin. Additionally, you get to invest in other digital asset classes such as US-listed stocks, ETFs, and options.   

You can use the Webull exchange as a casual or advanced investor.

  1. Binance – Best for features and altcoins

If you are planning to create a diversified investment portfolio of digital currencies, Binance is the best platform to explore.  Binance allows you to access over 200 cryptocurrencies.

At Binance, you get access to Defi (Decentralized Finance) tokens – that includes Chainlink and VeChain.

When funding your account, using a debit or credit card collects a 4.5% transaction fee, including a 0.5% commission. While ACH and domestic wire transfer deposits are free – here you will only pay 0.5% commission.

Top 5 Places to Invest in Bitcoins in 2022 
Top 5 Places to Invest in Bitcoins in 2022
  1. Coinbase –Beginner-Friendly Platform  to invest in Bitcoin

Coinbase offers a safe and convenient way to invest in Bitcoin and other types of cryptocurrencies. It is designed to suit the needs of Beginners.

Even though Coinbase is designed for beginners, it is more expensive than the exchanges discussed above. Deposit via ACH will cost you 1.5% in fees while using a debit/credit card will cost you a 3.99% fee.    

  1. Kraken Pro – Best Advanced Trading Suite via Investing in Bitcoin 

If you’re an active trader that is looking for a well-advanced and sophisticated platform, the Kraken Pro is the best option for your skillset. Established in 2011, the Kraken Pro is one of the most established crypto exchanges in this space. If you are a US client, you are limited in depositing funds via a domestic bank wire or crypto. You can only use ACH payments when making a withdrawal. 

Frequently Asked Questions (FAQs)

What is the best Bitcoin stock to invest in?

Based on IBD’s chart analysis, the best Bitcoin stocks to buy or invest in include Coinbase (COIN), Silvergate Capital (SI), Bitfarms (BITF), ProShares Bitcoin Strategy (BITO), a Bitcoin futures ETF, and Signature Bank (SBNY).

What is the minimum amount to invest in Bitcoin?

Webull allows you to invest in Bitcoin from just $1 upwards. The minimum amount to invest in Bitcoin is usually determined by the exchanges. Each exchange has its specified deposit fee.

Where is the safest place to invest Bitcoins?

Coinbase Pro is regarded as one of the safest places to invest Bitcoins due to its high-security features. See also:


Bitcoin is a highly profitable investment and it can be risky. So you must study about it before going into it. As a Bitcoin investor, ensure you join a community of Bitcoin investors and crypto enthusiasts.

Originally posted 2022-06-18 10:01:48.

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