Most crypto fans dream of getting BitCoin cryptocurrency into their investment portfolio. It is unique, never ceases to amaze with its rapid price growth and unexpected deflections. If “digital gold” has become your goal, then you need to prepare, starting with finding out where to buy or sell the asset and when it is worth doing.
Where to buy Bitcoin?
Bitcoin is traded on all crypto exchanges, this asset is considered one of the most quoted. However, the exchange is a platform suitable for traders, i.e. for those who professionally buy and sell currencies. For a beginner who has decided to invest in crypto with one-time purchases, electronic exchangers are more suitable. It is easier and faster to work with them. Plus, there are many such services on the Internet, so you can choose the one with the most favorable rate. For example, if you need to sell Bitcoin (BTC) to Visa and MasterCard USD card, you can find suitable exchangers in the listing at https://www.bestchange.com/bitcoin-to-visa-mastercard-usd.html.
How to determine if the time is right to buy Bitcoin now?
When preparing to invest, you need to analyze the rate trends, assess the market situation that can radically change the price of BTC in the near future. Smart investments in crypto are based on the basic principle of economics: “Buy valuable assets during a period of price decline, and sell them at the peak of growth.”
Bitcoin is a cryptocurrency that is sensitive to news, the influence of external factors and large players. In addition, analysts note the cyclicality of its behavior.
Thus, since the appearance of coins:
- by 2013, the price from 30 cents rose to $ 1,000;
- followed by a sharp drop of 80% from the peak value, which caused concern about the “death” of Bitcoin;
- in 2017 — another jump of 33% to $19,100;
- a year and a half later, there was a 75% price loss;
- in 2021 — digital gold reached its then maximum and amazed the public with a price of $69,000;
- the subsequent price loss was 80%.
Having analyzed this picture, many analysts came to the conclusion that we should expect the fourth cycle, and the jump would be incredible. In 2023, exactly such movements began, the value of the asset gained 160% growth over the year. In March 2024, another historical maximum was recorded — the rate of $72,993. This was facilitated by a number of factors, in particular the launch of spot Bitcoin ETFs and the expected halving in April (all previous price jumps were preceded by it).
How to choose an exchanger for a profitable purchase of a digital asset?
Having chosen the best time to buy, you need to decide on an exchanger. You need to choose the one that accepts payment by Credit Card USD and offers Bitcoin at the lowest rate compared to competing services.
A listing of profitable selection of cryptocurrency Exchanges on https://www.bestchange.com/ will help you make a quick choice. This is the largest portal for monitoring cryptocurrency rates. There you can get relevant information about the price in different exchangers and immediately choose a service with the best offer. The listing is formed in the form of a rating based on the rate of the cryptocurrency of interest to the client, which speeds up the search for the lowest. However, in addition to the main price, it is necessary to take into account factors that negatively affect profitability:
- additional commissions;
- restrictions on amounts for a low rate;
- special conditions (lack of fixing the promised rate, involvement of third-party services whose services draw a percentage, etc.).
A smart purchase is one that minimizes unnecessary expenses. Therefore, when choosing a credit card as a payment instrument, it is necessary to take into account the increased costs of cashing out (transfer) and interest on credit obligations in the future, until you pay off the use of these funds.
Selling Bitcoin (BTC) on the website of the exchanger selected on the monitoring portal is one of the factors of successful investments. In addition to choosing the rate, security is guaranteed here. Only proven and reliable exchangers https://www.bestchange.com/converter/ are included in the ratings and have cryptocurrency calculator. This eliminates the risk of encountering fraud.