Take a look, here, courtesy of Coinbase: And this gif shows you how simple it is to use the platform, also courtesy of the platform: There are transaction fees to use site for purchase and sale. Coinbase Pro Formerly GDAX If you feel comfortable on Coinbase, and are looking for something a bit more advanced, with more investment options and opportunities, it might be worth switching over from Coinbase to Coinbase Pro.
On the homepage, just click on the option in the upper left corner: Coinbase Pro offers you options. Coinbase Pro expands on these basic capabilities. Coinbase Pro offers options to make market orders, limit orders and stop orders, to buy and sell. Additionally, Coinbase Pro offers far more in depth analysis of price movements in each of these markets, giving users access to an up to the minute order book and record of trade history. Coinbase Pro and Coinbase work together pretty seamlessly, so storage of these assets should be generally work in Coinbase Pro as they work in Coinbase.
A site like Bittrex, Binance, Bitfinex, or Poloniex. While these are all crypto trading platforms, each one offers something slightly different. If you like the idea of trading and investing in bitcoin, or other cryptocurrencies, but for whatever reason are not interested in learning the intricacies of the market, there are other, longer term, and perhaps easier to use options.
If you are interested in trading on the crypto market at-large, or in hedging risk that is inherent in trading crypto, a Bitcoin ETF or Future might be right for you. Investing in cryptocurrencies and Initial Coin Offerings “ICOs” is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or ICOs. Meaning, do you think the price will continue to rise. A few pointers for buying and holding Bitcoins: My personal recommendation is to use a hardware wallet to store your Bitcoins.
Make sure to buy Bitcoins only from exchanges that have proven their reputation.
So should you invest in Bitcoin?
This way you average the price over the course of a whole year.