How to buy, sell, store and track bitcoins

Bitcoins have become the new sensation of the trading world. It has become the top digital asset in the world. However, it is still far from changing the future. It sure has left quite an impact on the financial market.

People are now becoming aware that there is a form of currency that is decentralized in nature and holds several advantages over traditional fiat currency.

Amidst the lockdown phase, the total number of the crypto investors and traders have doubled. It shows how Cryptocurrency’s practicality influences people over fiat currency during the time of crisis.

With the increase in the popularity of the Cryptocurrency, people started looking for platforms to help them with the buying, selling, storing, and tracking of the Crypto assets.

It gives rise to N number of platforms surfacing up with the services mentioned above. However, there was a fraudulent activist as well who found this opportunity to continue with their work.

To ensure that you do not become a victim of these fraudulent activities, I have come here to guide you through the most effective way of buying, selling, storing, and tracking your Crypto assets.

Factors that will ensure your security

For most people out there, the first acquisition of a bitcoin can be a terrifying experience. The process seems too complicated to understand. But it is not. It is the third-party platform that makes the process complicated.

Many options can be used to buy Bitcoin from the trusted source. The best method would be having your digital wallet, from where you can purchase Cryptocurrency of your choice.

How to buy Bitcoin?

Bitcoin is considered as a financial tool; hence, it falls under financial jurisdictional the most constitutions. Nearly every platform falls under AML (Anti-Money-Laundering-rules), making sure that the selling of Bitcoin is secure.

It is mandatory to have KYC (know your customers) for the platform to have a better knowledge of their customers.

Since the bitcoin transaction happens over the public ledger network, it remains visible to the other members. I act as a double edge sword. It is useful in a way that transactions are transparent. But on the other hand, your details are also visible to the other members. There are several platforms that allow you to buy Bitcoin with your credit/debit cards. You can even use payment apps like PayPal. You buy your desired Cryptocurrencies.

How to sell Bitcoin?

Cashing out your Bitcoins is not as simple as buying them. If you have Crypto token and want to sell them, then the only way to do so is through an exchange, peer to peer transactions, or direct trade.

• Direct trades

Direct trades are related to selling your Bitcoin with the help of any third-party medium. These services usually happen on the website that runs their business on Crypto token exchanges and allows the user to sell their Crypto tokens.

• Exchanges

Exchanges are the only solution for cashing out your crypto tokens in the trade market. Exchanges happen between the sender and receiver over a public ledger network.

• Peer to peer transaction

Peer to transactions has nothing to do with the trade and exchanges. It works on a third-party platform that brings together people and creates a community for transactions.

How to safely store your Bitcoin tokens?

Before buying a Crypto token, you must make a storehouse where you can keep it safe and secure. There is no point in buying Cryptocurrencies when you have no secure place to store. And if you are thinking of storing then in the crypto exchange platforms, then I would advise not to do so. There have been cases where Crypto tokens have been hacked from the exchange platforms.

There are several digital wallets that you can get5 in the market. You have to register your email ID, and you will be able to enjoy your digital wallet. Some of the wallets charge a certain amount of fee while some are just free.

Please go through them all and choose the appropriate digital wallet for yourself.

How can you track them?

The same wallet that you have registered to store your crypto tokens can be used to track your Crypto tokens. You will be able to see what your Crypto tokens are up to. How much are there on the exchange platform? How much are there in the wallet? Everything.

Conclusion

Now that you know the procedure to buy, sell, store, and track all your Cryptocurrencies. So, what are you waiting for? Find the best software like 1g profit system that fits your needs and start with your first cryptocurrency trade.