Bitcoin is a digital currency that has increasingly grown in popularity across the globe in recent years among digital assets. It leads the market in terms of liquidity and has been around for long making it one of the most attractive digital currencies for traders and investors. Trading Bitcoin may sound complicated but it is nonetheless effortless when broken into steps as highlighted on Smart Bitcoin Investments. The site offers a guide on investing in bitcoin which includes the exchanges where to buy bitcoin stock, how to store your bitcoin, and how to trade bitcoin stock.
For you to trade bitcoin stock you need to join a cryptocurrency exchange. This is an online platform where investors easily access real-time prices to purchase and sell or trade bitcoin with traditional currencies such as USD, British Pound, or Euro. Investors are thus required to have an account with a certified bitcoin stock exchange for them to access different trading tools. There are several exchanges where one can trade bitcoin stock:
Coinbase is the largest bitcoin brokerage exchange in the world and it is available in the US, Canada, the UK, and Singapore as well as in most parts of Europe. The platform offers an exchange as well as a wallet in one and therefore it is one of the places where one can start bitcoin trading. Besides bitcoin, the exchange also supports Litecoin, Ethereum, and Bitcoin Cash. The platform is secure and accessible via mobile app and web apps.
Square Cash app
Square Cash which focuses on peer-to-peer transfers is another mobile platform where investors can trade bitcoin at no fees. The app is from Square which is a company that makes mobile credit card readers and at no fees it is one of the places where traders can freely trade bitcoin. You hold your bitcoin within the Square account and purchases are limited to $10,000/week.
Robinhood is a commission-free stock-brokerage platform that recently added trading to digital currencies. The good news is that trades are not charged any fee and they can trade bitcoin and other digital assets like Ethereum on the platform 100% free. However, the cryptocurrency account is different from the main stock trading accounts since they support limit and market orders. Your money is in the same account as that of stocks and since it is a mobile platform it is ideal for those managing their cash from mobile devices.
Etoro is another leading global platform where investors can access various tools and invest in Bitcoin and other cryptocurrencies besides other markets. It is easy to trade on the platform and it offers access to investors via mobile app and web app. Besides bitcoin investors can trade in other digital currencies such as XRP, Ethereum, and Litecoin among others.
The site offers secure trading and it charges between 0.1% and 0.3% fees depending on one’s trading volume. For those trading less than $10 million/month, they will be in the 0.3% bracket. Investors trading high volumes should consider Coinbase Pro because funds are insured.
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