Choosing the right bitcoin investment platform | Algonest

Bitcoin investment platform

According to the technology news site Recode report on the 2nd of October, San Francisco-based cryptocurrency exchange and wallet service Coinbase is finishing negotiations that would value the company at $8 billion. Recode stated that Coinbase negotiates with Tiger Global and its shareholders regarding a possible $500 million investment. Tiger Global Management is an investment firm established in 2011, which invests in both private and public markets globally. Michael Novogratz, CEO of the Galaxy Digital crypto investment firm, said that the reported news proved that such cryptocurrency, like Bitcoin, is more than just “tulip mania”.

Choosing the right bitcoin investment platform is crucial for getting the best return on your investments.

So, if you have heard of Bitcoin, but have never invested in it, today, it might be the best time to do it.

This digital decentralized blockchain-based currency quickly gained its popularity all over the globe. And once you understand how it works, it is easy to understand that it is here to stay.

One of the reasons Bitcoin is so popular is that the amount of these coins is finite – just 21 million. For that reason, it was adopted virally around the globe.

If you are excited about purchasing some Bitcoins, this article will help you get started with your bitcoin investment strategy. Use it based on your current financial situation suiting your needs and requirements.

Your first steps to start investing in Bitcoin

In order to start investing in bitcoin, you should do the following:


  • Find an exchange or bitcoin investment platform to buy your bitcoins.
  • Create a wallet to store your bitcoins.

Those are your must-haves to get started. You should not neglect the necessity to choose a safe platform and wallet in order not to get scammed and get losses. Bitcoin is different from any fiat currency, so you are responsible for buying, selling, and storing it in a secure way.

Choosing the right bitcoin investment platform

If you have not much experience in cryptocurrencies, it would be pretty right to start with such a site, as Coinbase, for example. This platform allows you to trade cryptocurrencies and to communicate within the network of traders.

This is a global digital asset exchange, which is a marketplace for lots of digital currencies and sends information on the transactions to the blockchain network, where all the transactions are recorded. Moreover, it is a digital wallet, as well, so you can store the bitcoins you bought on the same platform. It offers such digital currencies, as Bitcoin, Bitcoin Cash, Ether, and Litecoin. This is a pretty simple and secure way to trade cryptocurrencies.

To buy/sell on that platform, you have to link your bank account or debit card to the Coinbase account. Under specific conditions, it accepts wire transfers, too.

The transactions here are made within 4-5 business days. You will be able to buy/sell digital currency, deposit your money and withdraw it from your account. If you deal with large investments, it’s better to use a bank account. However, with the help of debit cards, you are able to purchase cryptocurrency almost instantly. But you can’t sell Bitcoins, deposit money, or withdraw money from your Coinbase account when using debit cards. Buying and selling crypto with the help of Coinbase is almost as buying and selling stocks.

AlgoNest is another secure place where you may not just sell or buy, but invest in Bitcoins and get profit also in bitcoins, or in the USD, due to the exchange rate.

It is a totally innovative bitcoin investment strategies platform, which allows converting your deposit into USD and applying any investment strategies you choose.

One of the biggest advantages of it is that at the end of the investment period, your profits can be converted to bitcoins and transferred directly to your wallet.

In other words, that is a great opportunity to secure your bitcoin investments or make your investments bring much higher returns.

Investing in bitcoin via online algo trading

Algo trading online is one of the easiest ways of investing and getting profit. If you don’t understand Bitcoin, you’d better stay away from investing in it, while its market is unpredictable. The lack of knowledge of historical data might cause some serious problems for anyone.

Algo trading allows everyone to get profit from their bitcoin investments. It’s pretty good and wise while computers execute all the trades for you at almost no risk. You can set up all the trading criteria yourself.

It’s good to choose the algo-trading platform where you could make deposits in bitcoins and choose the investment strategies. Once the investment period is over, your profits should be converted to bitcoins and transferred to your wallet.

Some tips on algo trading investment strategies

  • Always pay attention to Bitcoin price growth or decline.
  • No greed. Waiting too long or trying to get out at a higher point, you risk losing profit you already earned or even turning your profit into your loss.
  • Learn from your mistakes.
  • Don’t use FOMO investment strategy, while most people often lose when using it.
  • Set stop losses.
  • Invest the amount you do not mind losing.

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