How to invest in Bitcoin in 2021?
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The first virtual currency, Bitcoin, was created in 2009 by Satoshi Nakamoto after the financial crisis that took place in 2008. In 2021, some believe that investing in cryptocurrencies is more profitable than ever, more so only in 2020. So how to invest in Bitcoin in 2021? It is a good idea ?
Discover the best cryptocurrencies to invest
How to invest in Bitcoin in 2021?
In 2021, there are several ways to get Bitcoin and invest. First, you need to create a wallet before buying Bitcoins. Virtual, this wallet takes the form of a sequence of numbers and a strong password called a code. Here are the solutions available to you:
Buy tokens (cryptocurrency)
Use an online broker that offers cryptocurrency trading via Contract For Difference (CFD) like eToro, for example.
Sell a property to an individual and claim payment in cryptocurrencies. In this case, don't forget that you will have to go through specialized platforms to register in advance.
If you want to invest in a cryptocurrency on the stock market, you can use in particular the American platform Bakkt of the Intercontinental Exchange.
Specialized markets bring together buyers and sellers of cryptocurrencies. A commission is deducted from the transactions made. This transaction is more suitable for experienced investors.
How to buy Bitcoins?
First, you must know the platform you want to buy on. Learn more about the payment methods available on each platform. On some sites you can pay by credit card or PayPal, on others it will only be possible one way.
You must bear in mind that payment through cryptocurrencies is not usable in daily life. Furthermore, it is an investment that remains uncertain. While some see investing in Bitcoin as a future source of income, this technology could mean the loss of the money invested. Before investing in a platform, plan for a commission ranging from 2% to 10% favoring safe and popular websites and platforms:
Site Why? Available crypto currencies Payment method
Coinbase Buy and sell Bitcoin, Ethereum, Litecoin Credit card, transfers, cryptocurrencies
eToro Trade Bitcoin, Ethereum, +14 Credit card, transfer, PayPal
Kraken Exchange Bitcoin, Ethereum, +15 Credit card and transfers
Binance Trade Bitcoin, +200 Credit Card and Transfers
Coinhouse Trade, buy and sell Bitcoin, Ethereum, +15 CB, prepaid cards
Good to know: Bitcoin's price, platform security, and responsiveness of customer service are factors to consider. Know that scams and risks are always present! To know more about this, ask beforehand!
Why invest in Bitcoin in 2021?
There are thousands of virtual currencies. To choose the one that suits you best, you will have to do your own research before buying Bitcoin or any other active crypto. We recommend that you do not bet your entire capital on a single active crypto, as the price of each cryptocurrency is unstable.
If you have the means, prefer the most popular cryptocurrencies, which are therefore the most capitalized, such as Bitcoin (BTC). First virtual currency created in 2009, in response to the economic crisis hitting the world, Bitcoin remains the safest currency in financial markets. However, making the decision to invest in cheap cryptocurrencies today can also be a successful gamble: some tokens only cost a few pennies, but there is no guarantee that they will increase in value in the months or years that follow.
Good to know: find out about other cryptocurrencies too. There is in particular Ethereum (ETH), pioneer of decentralized finance (DeFi) whose value is threatened by the deployment of Ethereum 2.0 planned for 2021, or tezos (XTZ) known for its security and rigor.
Discover the best cryptocurrencies to invest
Should we invest in Bitcoin in 2021?
Is it time to buy Bitcoins?
Some argue that 2021 could be the perfect year to invest in cryptocurrencies. In fact, the increase in the value of Bitcoin depends on the number of Bitcoins created each year. However, the creation of bitcoins is expected to halve every four years. As was the case between 2013 and 2017, the decrease in the amount of Bitcoins created means an increase in their demand, and therefore in their value. Therefore, buying Bitcoin in 2021 could allow you to create a portfolio of crypto assets that will increase in value as the number of Bitcoins created decreases. In addition, by the end of 2021, Diem (ex-Libra), the virtual currency of the Facebook group, should be consolidated as a means of payment already accepted by many groups such as Uber, Whatsapp, Spotify, eBay, etc.
To invest in Bitcoin, you must understand its evolution and the key dates of the Bitcoin price. Here are a few:
2012: First reduction in the amount of Bitcoins put on the market (halving). We went from 50 bitcoins per mined block to 25 BTC.
2016: We went from 25 BTC to 12.5 BTC.
2020: We went from 12.5 to 6.25 BTC.
Crowdfunding for companies
If you want to invest, there are several possible solutions:
The crypto-capital of crowdfunding consists of financing a project with the raising of funds from individuals or professionals through the cryptomonnaie!
You can invest in Bitcoins and wait for them to increase in value. But beware! The volatility of its value is such that the magnitude of the variations in the price of the cryptocurrency reaches a maximum of 133% on average during the year. Therefore, you can win a lot and lose a lot!
We recommend that you learn as much as possible about blockchain technology, the system that powers cryptocurrencies. Also, go to official websites and enter a community to interact with other investors. Investing in Bitcoin will go through the consultation of many forums!
Any investment in cryptocurrencies presents a risk of capital loss.
Frequent questions
How to invest in Bitcoin in Switzerland?
You can buy them at hundreds of ATMs and ticket vending machines. Keep in mind that the fees applied are still high at an ATM! In Switzerland, it is also possible to buy Bitcoins online through securities trading platforms such as Swissquote. The costs are much lower this way. At Swissquote, Bitcoins are only available in euros or dollars.
How to invest in Bitcoin in Belgium?
In Belgium, there are mainly bitcoin exchange platforms such as Bitflyer or Pepperstone for peer-to-peer exchange. The profits obtained from the sale of Bitcoins are exempt from tax if they are made outside of a professional framework.
How to invest in Bitcoin in Canada?
Canada has its specialized platforms for buying and selling Bitcoin, such as CoinSmart, Coinbase or crypto.com. Most Canadian platforms accept wire transfers, as well as bank transfers for financing and withdrawal, but also Interac wire transfers (a way to send money to anyone living in Canada using online banking services. Line).
What is blockchain?
We speak of blockchain to designate the network through which the cryptocurrency circulates. Composed of blockchains that contain each transaction carried out, it is a network without any central body, where each individual can perform peer-to-peer transactions. There is a Bitcoin blockchain, an Ethereum blockchain, etc.
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