Created in 2009, Bitcoin has been the most sought-after cryptocurrency. Since its inception, it has become the go-to choice for all those looking to invest in digital currencies. One of the main attractions of Bitcoin investment is that it offers the promise of low transaction rates, as compared to other payment models. While you can’t reach out and physically touch a Bitcoin, these are balances that are kept secured in a public ledger that’s easily accessible to everyone. A massive amount of computing power goes into verifying each Bitcoin transaction, so it’s safe to say that investing in Bitcoins is relatively safe.  

Despite Bitcoin not being considered a legal tender, as in, not backed by governments, it is still a tremendously popular investment and has resulted in the launch of dozens of other cryptocurrencies that are also traded online, some of which are more popular than others (Etherum, Litecoin, etc.). 

While Bitcoin mining is a popular way of investing in the digital currency by helping release more into circulation, there are other ways of getting started – becoming a Bitcoin trader or going the broker route. Here, we are going to take a look at both of these options and which choice is the best for you. 

Becoming a Bitcoin Investor

As with investing in any other commodity, such as gold, Forex, etc., you can start as an investor by simply signing up for a Bitcoin trading platform. It is crucial, however, to make sure that you are signing up with a reputable cryptocurrency trading platform, or else you are at risk of getting scammed and losing your hard-earned money. 

As an investor, it pays to ensure that, along with choosing a reputable cryptocurrency trading platform, you also choose one that has an insurance fund in place to cushion investors (that’s you) during volatile times. Besides, it’s more convenient and safer to know that the platform you’re using has your best interests in mind. Fly-by-night Bitcoin trading platforms usually do not bother with the Federal Deposit Insurance Corporation and having an insurance fund in place for their customers. 

The Bitcoin trading platform you choose should also offer fiat options so that you can convert profits into local currency if needed. This is usually the case when investing in other countries. Keeping that in mind, investors are not allowed to trade using many of the top cryptocurrency trading platform providers that are based in other countries. Bitcoin exchanges will normally provide this information during the initial signup process, so you’ll know what you’re getting into. Another factor to consider when choosing a Bitcoin trading platform is whether you are going to be an investor or trader. 

Become a Bitcoin Broker

Investing in Bitcoin is trending nowadays. So, it’s easy to see why many would want to offer Bitcoin brokerage or OTC trading services. When it comes to becoming a Bitcoin broker, there are some steps that you should follow to get started. These include obtaining funding for your venture, getting the proper legal counsel to meet local licensing requirements, choosing the right Bitcoin exchange software provider, connecting the exchange with others for liquidity, choosing a payment processor, and ensuring that security protocols are met. Of course, these steps are all easier said than done, but with the right guidance, you can become a Bitcoin broker in no time. 

To find out more about the changing landscape of Bitcoin investment and get the latest trading trends, you can visit reliable sources such as https://bitqs.io to get all the latest news regarding Bitcoin and other cryptocurrencies.