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Last Updated on June 20, 2022 by Eddu Oz
How Much Bitcoin Should a Beginner Buy?
Bitcoin is a very popular and liquid digital currency today. Its electronic system is completely decentralized. Instead of the usual hierarchy, digital public ledger technology is used. This technology involves storing data on all transactions, not on one server but on various computers connected to the payment system.
The Bitcoin payment unit is an online software code that is not regulated by any country or banking supervisor in the world. It was announced back in 2008 and launched in 2009.
Since the system does not have a controlling body, the exchange rate is not set in a directive way, i.e. by balancing the supply and demand for Bitcoin cryptocurrency. However, this balance can be called very conditional, because the volatility of bitcoin is extremely high.
Everyone can buy BTC with a debit card anonymously today in a matter of minutes. The online exchange usually provides reliable and secure crypto transactions for every client. This is the most secure place to buy Bitcoins with a debit card online.
Why Should I Buy Bitcoin with Credit Card?
If you don’t understand why you should buy BTC with a credit card using the useful app, pay attention to the fact that people usually buy this cryptocurrency for several reasons.
Many people appreciate it for its inclusive nature. That is anyone who has an Internet connection can easily buy and sell these coins. The advantage of Bitcoin funds in the digital environment means that you can exchange this currency around the world.
Here is a listing of benefits that you can receive when you buy Bitcoins with a credit card with no verification through the Switchere app:
- Bitcoin shows a steady price increase, and there is reason to believe that this trend will continue. The rate of bitcoin for the last 12 months increased approximately 5.5 times.
- Community trust in Bitcoin is greater than in any other cryptocurrency, which to some extent guarantees the protection of BTC not only from collapse but also from long and strong price declines;
- A good solution to the problem of scaling Bitcoin, if it can be achieved, will also increase its price;
- BTC has much more liquidity than any other cryptocurrency. For the average user, this means that he/she will always have a wide choice of opportunities to buy or sell Bitcoins with a credit card;
- Financial and political instability may lead to fiat currencies becoming too unreliable to store savings in some countries, while bitcoins (along with other stable assets such as gold) will remain a solid means of saving money;
- Bitcoin is still free from pressure and excessive control. The storage of Bitcoins is absolutely free and transactions with them are not limited to government and banking bureaucracies. That is, Bitcoin is completely decentralized and completely anonymous, or rather, pseudonymous.
How Much Bitcoin Should a Beginner Trader Buy?
All of the above point to the profitability of acquiring Bitcoin. However, the question arises “How much BTC should a novice trader purchase?”. It depends entirely on the trader.
If there is money and a desire to purchase cryptocurrency, he/she can do it right now. But the main thing is to choose a reliable online crypto exchange service, such as Switchere.com.
But experts still do not recommend for novice traders buy Bitcoin with a credit card with no verification for a large amount of USD instantly. To get started, you can buy coins for $10, study the features of trading, and the specifics of the crypto market, and then make more investments. This will allow you not to risk your own money, but at the same time, the opportunity to make a profit will remain.
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