There are a bunch of bitcoin investing sites out in the market. Not all bitcoin investing sites are legit. In this blog, we have listed the known most trusted, most regulated, and secure bitcoin investing sites.
Bitcoin investment is not a new concept. Yet, it has grown its popularity in recent years because cryptocurrency is in vogue and Bitcoin has acceptance worldwide. Bitcoin was developed to serve as a worldwide currency to replace government-issued currencies.
Bitcoin seems to work the same as gold; one can easily buy assets or cash whenever one is in need. From its past data, its high liquidity value makes it a great investment for long as well as short tenure. In general, one can buy bitcoin and keep it until its market value is high, and when that happens, one can easily liquidate them.
The prices of currency have been driven high by various factors, including increased acceptance during the pandemic. Globally, hefty performing payments firms like PayPal, and Indian lenders like State Bank of India, ICICI Bank, HDFC Bank, and Yes Bank, have given legitimacy to Blockchain technology through some of their decisions.
As there are so many websites and exchanges that give people options for investment, people who are curious about Bitcoin investment are not often sure where to begin. There are also innumerable hoaxes involved, and investors may not know how to differentiate a scam from a real deal.
One should consider the following factors before selecting any Bitcoin investment site.
- Secure: select the ones which are the least vulnerable to the cyber attack.
- Trustworthy: opt for those sites that have proven their loyalty, and have proof of payments.
- Legitimate: one should always look for the sites that are registered as legit by the law if applicable.
How to invest in bitcoin?
Selecting an Exchange: Signing up for a cryptocurrency exchange allows one to purchase, sell, and hold a cryptocurrency. Users should always look for an exchange that allows them to withdraw their cryptocurrency to the wallet. Most of the trusted sites have this feature. It helps to keep one’s coins safe from any cyber attack.
Linking one’s exchange to a payment option: Once one has chosen an exchange, one now will be asked for information like bank account details or credit/debit card details. One needs to prove their identity with a passport, driving license, or any other ID. After verification, one can buy bitcoin with the chosen payment option.
Order placement: After being verified, one can buy bitcoin and other cryptocurrencies. After buying one can keep them safe in a wallet that can only be accessed by the user mostly likely protected by a password and a 2 Factor authentication. For safekeeping or when the market value is high or when the user needs money, validation of the asset can be done.
Based on our research, here are the top ten Bitcoin Investment Sites in 2020:
Unocoin is India’s most trusted crypto exchange. Founded in 2013, it has already witnessed trades from 1.3 million customers. One can purchase Bitcoin, Ethereum and Tether on this platform. It offers trading of a variety of digital assets on a secure and intuitive trading platform. It has an app both for Android and iOS, and a dedicated website with the fastest service in the industry. It has intelligent features such as recurring auto-buy, merchant services app.
Today everyone is well aware of the site eToro. It is one of the top choices of bitcoin investors. Its journey began in 2006, and today it has users spread over 170 countries around the world. It has earned a place in the list of trusted bitcoin investing sites in 2020. eToro has a user-friendly interface and helps to learn new strategies from professional traders. It provides various ways in which investments can be made and diversified.
BlockFi allows its investors to earn up to 8.6% annually on their cryptocurrencies with no hidden fees for its account interest. BlockFi is one of the few sites which allows the user to borrow coins whenever they need capital. One doesn’t need to sell one’s crypto assets just to access cash. BlockFi lets one borrow USD to meet his/her needs — whether that’s buying a home or acquiring more crypto. Therefore, through this mechanism, users don’t need to sell their cryptos.
Robinhood offers fee-free services to its users. One can buy-sell bitcoin and other digital currencies on this platform without paying any extra fee.
Robinhood is protected by Securities Investor Protection Corporation (SIPC) which means that one’s money is comparatively safe. Apart from security, it provides traders and investors alike with numerous options right at the touch of their fingers. It also has an innovative, user-friendly mobile app.
Bitcoin IRA is the world’s first, largest, and most secure cryptocurrency IRA (Individual Retirement Account) platform used by thousands of clients and account holders. A little different to other platforms, Bitcoin IRA combines the best of being both a crypto wallet and an exchange. It also combines the benefits of supporting IRA as well as offering the exchange of currency as opposed to exchanges and wallets Bitcoin IRA is even accessible to beginners, as it allows deposit as low as USD 3,000 to register an account.
It has the best technology that helps one to trade easily and efficiently. Its 2-factor authentication and advanced encryption technology help one to be carefree towards their capitals. It offers a high volume of Bitcoin trade, making it a good investment site.
This platform is the largest cryptocurrency exchange by trade volume and is known to be the fastest in the world. On Binance, professionals and beginners are well catered as it offers more than 400 coins that can be exchanged. It is an easy platform to navigate, and it features both a basic and an advanced trading screen and a proprietary mobile app that can be used.
Kraken is one of the best exchanges in the cryptocurrency market. It is designed to streamline the bitcoin exchange for beginners and professionals alike. Most of the assets on this platform are held in cold wallets to keep them safe and away from bad actors. It helps to measure one’s portfolio’s performance and keep track of all digital assets in one convenient place.
This platform offers various payment options ranging from Credit card, Debit card, Apple pay, or bank transfer. It works in the same way that a bank would, and when purchasing coins, they are sent to a digital wallet.
This platform’s financial services make it faster and safer to buy cryptocurrency all around the world.
Founded in 2012, Coinbase has the revolutionary idea that anyone, anywhere, should be able to smoothly and securely access Bitcoin. It helps people to see cryptocurrency as the future of money and a catalyst for creating an open financial system around the world. Today, Coinbase has over 35 million people in more than 100 countries who trust to buy, sell, store, use and earn cryptocurrency.
- How do I get started with Bitcoin?
Ans: Step 1: Create a Bitcoin Wallet
Step 2: Buy/earn your First Bitcoin and get it sent to your wallet
Step 3: Send and Receive Bitcoin
2. Which is the best Bitcoin investment site?
3. What is the minimum amount to invest in Bitcoin?
Ans: It majorly depends on the platform that one chooses.
With respect to Unocoin, the minimum amount that needs to be deposited to perform any transaction is INR 1000. To buy bitcoin, you can buy as little as INR 200 worth of Bitcoin on Unocoin and get started. Its customers can also opt for Systematic Buying Plan (SBP) to buy bitcoin at regular intervals of daily, weekly, or monthly for as low as INR 10 only!
Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
Love Crypto Coins. Love Unocoin.
Please find the list of authentic Unocoin accounts for all your queries below:
- YouTube Channel: https://www.youtube.com/c/Unocoin/videos
- Newsletter: https://medium.com/subscribe/@Unocoin_growth
- Blogs: https://blog.unocoin.com
- Instagram: https://www.instagram.com/unocoin/
- Twitter: https://twitter.com/Unocoin
- Facebook: https://www.facebook.com/unocoin/
- LinkedIn: https://in.linkedin.com/company/unocoin
- Telegram Group: https://t.me/Unocoin_Group
- Telegram Channel: https://t.me/+fasQhTKBsfA5N2Zl
- Telegram: https://t.me/UnocoinSupport_Bot
- E-mail id: [email protected]
- Contact details: 7788978910 (09:30 AM IST — 06:30 PM, Mon — Sat)
- App store link: https://apps.apple.com/us/app/unocoin/id1030422972?ls=1
- Playstore link: https://play.google.com/store/apps/details?id=com.unocoin.unocoinwallet
Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).