Over the most recent decade, a group of insanity has grown around bitcoin. It’s not easy to predict if bitcoin will ultimately show to be a huge investment or not and just a temporary storm. That thrills of assets or damage leave wary of some investors.
But, many others need to pursue the possibility for earnings from investing in a bitcoin. However, the question raised is bitcoin investment any good or there are challenges in this investment.
Is Bitcoin Investment Risky?
Like any other speculative investments, it’s a bit risky to buy bitcoin. It’s because its price can drop suddenly, and online hacking may occur to rob your bitcoin. You can also lose it in an accident of a hard drive crash that can wipe out bitcoin without any recourse.
Bitcoin has observed dramatic price run-ups along with some agonizing crashes. But, it has constantly retained an important section of its earlier gains whenever it plummets.
After its beginning, Bitcoin is the first digital resource to cause the existing cryptos ecosystem. And then it grew underground, followed by investors that see its bright future.
That’s as a potential substitute for the physical and current monetary system. Finally, it has benefits and drawbacks. So, it would be best if you decided whether you’ll invest in bitcoin or not.
Where Can You Invest in Bitcoin
If you like to invest in bitcoin, you have to use a web-based broker. It’s similar to investing in the stock markets. But, this is far more unstable because of its daily swings in it. Now, let’s know about some brokerages that help you invest in bitcoin.
It trades with the most popular cryptocurrencies. Also, it explores proficiently managed portfolios to connect with different traders. This brokerage house currently supports for sale and purchase of 15 coins. These include:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Dash (DASH)
- Ethereum Classic (ETC)
- MIOTA (IOTA)
- Cardano (ADA)
- Stellar Lumens (XLM)
- NEO (NEO)
- EOS (EOS)
- TRON coin (TRX)
- Tezos (XTZ)
- Zcash (ZEC)
This brokerage house works with ErisX, that’s a CFTC-regulated commands exchange. As a result, you can access cryptocurrency instant contracts along with futures contracts on the same platform. If you’re qualified clients, you can also trade it futures on this platform.
Indeed, it’s a thinkorswim platform that provides a higher trading platform with solid futures traders might trade futures of bitcoin. The pricing of the company is straightforward without any hidden fees. Also, they have a simple pricing structure.
Moreover, they offer 24 hours and 7 days per week live support with lots of years of practical experience. If you have an account with $25,000, you’ll be eligible for trading bitcoin.
Apart from these two brokerage houses, there are many more out there. For example, E*TRADE is one of them that has almost the same trading structure as the previous ones.