Today’s article will teach you how to get started with Bitcoin. I will take you through the basics of how you can use this cryptocurrency, as well as how you can accept it. Even without having to go into the very technical terms, we shall highlight the most essential elements of this cryptocurrency so that you can be well equipped either to use it or to educate someone else. Let us get right into it.

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1. Educating yourself

The first step that everyone should tackle before anything else is to do some research about where this coin originated from, how investors rely on it, the reason behind its popularity, and why it stands out from other currencies.

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2. Choose your Bitcoin Wallet

There a variety of free Bitcoin Wallets that you can rely on to store your coin. Most of them come in the form of mobile apps that you can install on your smartphone. With these wallets, you can make all payments to platforms that accept Bitcoin or even receive coins from other investors.

If you are a long-term investor, then you can contact the Regal Wallet support staff for a quick set up of a Bitcoin IRA wallet.

3. Purchase your Bitcoin

You can get your Bitcoin from several Bitcoin exchange platforms. The most crypto exchange I can recommend as of now is Coinbase. Coinbase has the widest variety of cryptocurrencies, and you can purchase your Bitcoin within the touch of a single button.

You can also purchase Bitcoin from various sellers by simply browsing a P2P Bitcoin Directory, or simply by visiting a Bitcoin ATM.

4. Start Spending your Bitcoin

Several companies and service provision firms are already accepting payment in the form of Bitcoin. All you need is to log into your Bitcoin Wallet and send the tokens to the company’s Bitcoin address.

What if you are a business owner or company director who needs to make it possible for your customers to pay for products or services using Bitcoin? Which steps can you follow?

1. Self-education

It is always good to understand the implications that the use of Bitcoin will have on your business. Owing to the fact that Bitcoin is a crypto, and that it is based on Blockchain technology, then it is bound to work differently from all the other payment systems you’ve put in place.

2. Processing the payments

There are two ways in which you can process Bitcoin payments. These include:

• Processing the payments yourself
• Using a merchant service platform that lets you deposit bitcoin tokens or the regular currencies.

In most situations, you will be required to set up a Point of Sales system to facilitate the payment for products and services through Bitcoin. The POS can simply be installed on a tablet or smartphone.

3. Accounting and Taxes

Most merchants usually display product prices in the local currencies. Bitcoin is therefore perceived as foreign currency during the accounting phases. Every country has different jurisdictions when it comes to the accounting and taxation of Bitcoin products and services. It is therefore advisable that you reach out to your accountant to have a clear understanding of the impact of accepting Bitcoin payments on your business’ taxes.

4. Informing customers that you accept Bitcoin payments

There is an increase in the number of people who are looking for ways to make payments through Bitcoin. If you want these people to look for your business, you can submit the name of your business in an online directory, so that they can look for you. Another thing you can do is that you can place the Bitcoin logo on a visible spot on your website, or at your store.

In conclusion

With a proper understanding of how to get started with Bitcoin, you can now take action and beginning making transactions using this cryptocurrency. The main thing that you should look at as an individual or as a business owner is whether Bitcoin transactions are legal in your country. You can also look at how using Bitcoin will benefit your business.  For all those who are interested in getting started in Bitcoin investments, then you can reach out to Regal Wallet support today and set things rolling.

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I hope that you enjoyed this article about how to get started with Bitcoin. Feel free to express your thoughts in the comments section, and to also drop a question if you have any.

I wish you success!

Eric, Investor and Member of the Goldretired Team.

One of the very straightforward questions that I get as I interact with my peers is “ How do I invest in Bitcoin?” Most of the people who ask this question come from the point of knowledge that Bitcoin has the potential to transform their financial lives for good, or to lead to massive losses. Is there a unique formula that everyone can rely on to ensure that they make gains from investing in this cryptocurrency? Let us find out that in a bit.

===>>>>Get your free Bitcoin IRA investment Kit + A free copy of The Forbes Issue and DVD of ” The Rise of Bitcoin”<====

Now, for someone who wants to get started with cryptocurrency investments, the two main things that should concern you are “When will you buy the cryptos? “ and “ Which cryptos will you buy?”. Investing in a single cryptocurrency is not a very great strategy, and most successful investors will advise you to pick a number of them. A single crypto may perform exceedingly well and boost your finances, but if the market forces lead to a decline in its value you face the risk of getting negative returns.

A suitable strategy would be to create an “index fund” of cryptocurrencies and then apply the dollar cost average approach to time your investments. An index fund is simply a collection of various assets that are purchased at the same time to offset any variance that any of those assets may have. In the context of cryptocurrencies, you should seek to come up with a unique combination of coins. You can for instance purchase Bitcoin, Etheruem and Litecoin, or a combination of Bitcoin and any other coins such as Dogecoin.

By creating a cryptocurrency “Index Fund” account, you will have cushioned yourself against the huge losses that would arise from the volatility of a single coin. Depending on how well you select your coins, the gains from one coin can cover for the losses booked for the other coins.

The dollar-cost averaging approach is used to spread out risk. As opposed to buying the cryptos all at once, you can purchase them on a monthly or weekly basis. Spreading the buyouts minimizes the losses and still offers the long term investment benefits. You may not book very high profits as you would if you had perfectly timed the entry into the crypto market, but you’ll have secured yourself from the risk of a mis-time.

The dollar cost average approach is a popular investment strategy used by stocks investors to spread out risk. They usually purchase specific stocks on a monthly basis,  and this works well for them since most stocks are not quite volatile. For cryptocurrencies, however, I would recommend that you try making purchases on a weekly basis. You can also make daily purchases, depending on the amount of money you have set aside for cryptocurrency investments.

So far, I hope you have gathered that the best way to invest in cryptos is to buy a variety of coins over regular intervals.

You can purchase your cryptos from very many different coin exchanges, but I would recommend that you use Coinbase. This crypto exchange has the largest variety of cryptos in a single platform. You can, therefore, purchase all your coins on Coinbase and store them in a secure cryptocurrency wallet.

If you are a long-term investor who already has a functional IRA, you can actually add Bitcoin to your list of investment assets. All you need to do is to create a Bitcoin IRA account and link it up to a secure Wallet such as Regal Wallet and begin adding the coins to this account. Investing in Bitcoin through a cryptocurrency IRA has several benefits, which you can check out in this review.

In conclusion

The question “ How do I invest in Bitcoin is best answered by looking at the coins you want to buy and when you want to buy them. As a prudent investor, you should purchase a variety of coins in order to cushion yourself from the losses that arise from volatility. You should also use the dollar-cost averaging approach, which basically entails making several coin purchases over a certain period of time. Long-term investors can also rely on a secure cryptocurrency Wallet such as Regal Wallet to keep their coins safe from theft.

==> Looking for a reliable company to help you with the acquisition and storage of Bitcoin? Get Started Today <==

I hope that you enjoyed this article about how you should invest in Bitcoin. Feel free to express your thoughts in the comments section, and to also drop a question if you have any.

I wish you success!

A common concern that new-age investors have is how to invest in Bitcoin. Purchasing Bitcoin can be a perfect way to dive into the alternative investments sector. Cryptocurrencies have the potential to elevate you financially, but they also come with significant risks that you should be aware of. Thing is, you can make it big in the world of cryptos, but you can also end up losing a huge amount of money if things do not go your way. that is why it is very crucial to have sufficient education about Bitcoin before taking a single penny from your bank account to invest in these digital assets.

===>>>>Get your free Bitcoin IRA investment Kit + A free copy of The Forbes Issue and DVD of ” The Rise of Bitcoin”<====

Bitcoin is still rising in value, as the world’s most popular cryptocurrency. It has had its highs and lows, but it generally increased in value since 2009, when it was launched. It is therefore not a very unique asset when we look at it under the lens of volatility. If you have invested in bonds, stocks, or mutual funds, you may have already known what the rising and falling of asset prices can do to your portfolio.

It is therefore not advisable for anyone to overdo a specific asset. When it comes to volatile assets such as Bitcoin, my advice is always that you only invest 10% of your money and not more than that. Even so, you will need to find a way to secure your bitcoins. Luckily enough, there are companies that have come up with a perfect solution for the storage of cryptocurrencies.

How to buy Bitcoin

If you are well informed about Bitcoin and are willing to start investing in them, then you should consider purchasing them from a safe exchange. The 4 steps to follow in order to access the Bitcoin are as follows:

• Look for a reputable cryptocurrency exchange.
• Figure out where you are going to store your cryptos
• Purchase the cryptocurrencies.
• Manage the cryptocurrency investment.

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Purchasing the Bitcoin

There are several ways in which you can purchase your Bitcoin and other cryptos, such as :

              A. Cryptocurrency exchanges

You can buy cryptos from a variety of crypto exchanges. Most will charge a percentage of the total price of the cryptos that you purchase. You should ensure that you do sufficient research about the cryptocurrency exchange that is good for you. The most popular crypto exchanges include:

• Coinbase – United States’ crypto buyers prefer using this exchange owing to the fact that one can link it to their bank account. This platform is also popular for offering a very wide variety of digital currencies. Upon making a transaction, Coinbase will charge you a spread of approximately 0.5%, and a variable fee. A spread is an adjustment fee that is made to the sales price of a given investment.
• Binance – Binance is perhaps the most popular crypto exchange in terms of volume exchanges. Investors love this platform due to its very affordable fees (0.1% for cryptocurrency trades, and a variable withdrawal fee).
• Gemini- This a crypto exchange platform based in the United States. Depending on the size of your purchase, you can pay a fee ranging from 0.99% to 1.49%.
• Coinmama- This platform charges a 5.9% transaction fee, and requires that you make a purchase of not less than $60. You are also bound to incur an additional 5% fee if you make a purchase through a credit card.

          B. Traditional stockbrokers

The only suitable platform that you can rely on under this category is Robinhood Crypto. This company is the first mainstream broker to provide investors with the opportunity to buy bitcoin for investment purposes.

The other ways you can purchase Bitcoin are Bitcoin ATMs, other Bitcoin owners, and Bitcoin futures companies.

How you will store bitcoin

There are two ways in which you can store your cryptocurrencies after purchasing them, namely: hot wallets, and cold wallets. With a hot wallet, you can store your cryptos in a manner that allows you to transact faster. A cold wallet, on the other hand, has some extra security features that are meant to keep your cryptos safe for a long period. Cold wallets are therefore generally slower in comparison to hot wallets.

Buying the Bitcoin

Upon linking the crypto exchange to your bitcoin wallet, you can then proceed to buy your Bitcoin. Did you know that you can purchase fractional units of Bitcoin? You can, for instance, decide to purchase an $50 share and make additional units as time goes by.

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Managing your Investment

There several ways in which you can earn from Bitcoin investments. The two main ones are trading and using a Bitcoin IRA. If you want to earn an income on a daily basis or on a short-term horizon, trading is the way to go. If, on the other hand, you want to earn over a long-term investment horizon, you can open your self-directed Bitcoin IRA, and have your cryptos stored in a secure wallet.

In Conclusion

It is crucial to have an understanding of how Bitcoin works before considering investing in it. The best thing is that there is a lot of information about Bitcoin on the internet, thus it is easier for anyone to understand how this crypto functions. If you would want to get an insight into how other investors’ Bitcoin IRA assets are performing so far, you can request for a free Bitcoin Investment Kit from Regal Wallet.

==> Looking for a reliable company to help you with the acquisition and storage of Bitcoin? Get Started Today <==

I hope that you enjoyed this article about how to invest in Bitcoin. Feel free to express your thoughts in the comments section, and to also drop a question if you have any.

I wish you success!

Eric, investor, entrepreneur and team member of Gold Retired.