How to Buy Bitcoin in 2024
Since its creation in 2008, buying Bitcoin has been a financial market phenomenon as more and more people opted to invest in this alternative form of currency.
As Bitcoin continues to move into mainstream culture with several pop culture icons such as Gwyneth Paltrow and of course Elon Musk openly endorsing it, some financial analysts believe that a blockchain-driven financial system is inevitable.
Nowadays several casinos including Betbeard are offering Bitcoin as a forms of payment, providing an instant and secure payment method that is convenient for all their users.
Whether you are merely curious about Bitcoin or you are looking to deposit the cryptocurrency to play your slots on your favourite online casino, finding the perfect cryptocurrency platform is a challenge you are bound to face.
Read on to find out what to look for in the perfect cryptocurrency platform as well as how to buy Bitcoin instantly and securely.
Why You Should Buy Bitcoin
Bitcoin appeared in 2009 when an anonymous character by the name of Satoshi Nakamoto started inviting other people to use a decentralized currency he created and started the Bitcoin revolution in the process.
Fast forward to 2024 and Major companies like Microsoft, Amazon, Starbucks, and Expedia now allow clients to pay in Bitcoin and you can even use the currency to pay for a hotel, a flight as well as homeware, cars, and yes, online casinos!
Apart from mainstream adoption being on the rise, due to its volatile nature, Bitcoin is also the perfect asset to buy and sell at a profit, especially when the market is on a downward trend. This leads us to ask the following question.
Should You Buy the Dip?
Buying the dip happens when you buy a well-performing asset that is on a downward trend with the expectation that it will eventually rebound in price.
There are two strategies you can employ when buying the dip. The first one is HODLling. Hodling is when an investor holds on to their asset for the long term. Buying during a downward trend (known as a bear market) means you will be able to sell at a decent profit once the asset regains its value during a bull market (an upward trend).
So buying Bitcoin when it is trading at a lower value than what many experts believe it to be its intrinsic value might be a good time to buy Bitcoin and hodl.
The second strategy for buying the dip is called dollar-cost averaging. Originally used by stock market investors, crypto investors have replicated it for the cryptocurrency market. Dollar-cost averaging is when an investor invests a small amount into an asset such as Bitcoin at regular intervals. This is done so as to avoid having to time when the market will be at a downward trend, something which is very hard to get right. The idea is that you are bound to buy the dip at some point given you will be investing a small amount regularly.
Of course, for all of this to work you need to make sure you keep a cool head and exercise patience.
Moreover, you need to be able to forecast when it is ideal for you to sell so you can enjoy greater returns.
How Do You Buy Bitcoin?
In order to buy Bitcoin, especially as a beginner, you need an intermediary cryptocurrency platform where buyers and sellers exchange fiat currency (traditional currencies like USD or EUR) for coins (can be Bitcoin, Ethereum, Ripple, or any other cryptocurrency).
How To Find the Perfect Cryptocurrency Platform
There are several things you need to look for when you are trying to find the perfect place where to buy and sell Bitcoin.
Ease Of Use
This one is mostly for beginners in the crypto market who want to experience the exhilarating world of cryptocurrencies with minimal stress. A smooth customer experience using simple navigation and a straightforward method of buying Bitcoin is a non-negotiable if it’s your first time buying Bitcoin and other cryptocurrencies.
Customer Care
When you start out on a new endeavor you are bound to stumble across some challenges, and when you do, ideally you have someone to help you every step of the way. When you are looking for a new cryptocurrency platform make sure you choose one that offers exceptional customer service that is easy to reach.
Xcoins offers 24/7 customer support that is always happy to help you whether it is via live chat, email, or phone.
Affiliate Program
It is relatively easy to earn passive income nowadays by recommending your favorite companies to friends and family. Making sure your new crypto exchange platform has a great affiliate program is a must when you want to add passive income on top of your crypto investments.
When introducing people to Xcoins, their Affiliate Program will earn you $10 as well as 20% in lifetime net revenue for every new customer you bring in. Not bad, right?
Educational & News Resources
When you start investing in cryptocurrencies you need to make sure you stay updated on the latest news from the industry as well as learn new strategies on how you can maximize your profits.
This is why it is important that you look at platforms that offer updates via educational and news articles and that make sure to keep you updated with such updates via email. Xcoins blog section offers news, educational articles as well as market analysis by industry experts. Xcoins customers also receive e-newsletters regularly which helps them keep track of what is happening in the fast-paced cryptocurrency industry.
Different Payment Methods at Xcoins
Xcoins loves giving its clients the opportunity to buy cryptocurrencies instantly and securely, anytime, anywhere and it offers several payment methods to suit every need of its clients.
For those who want instant transactions at the tap of a button, Xcoins offers transactions using Apple Pay and Google Pay. This method is 100% safe thanks to Google and Apple’s technology while providing a smooth experience where you can transform your fiat into crypto, including Bitcoin, at the tap of a button.
Xcoins customers can also buy Bitcoin instantly using their credit or debit card, as long as they are powered by Visa or Mastercard. Features such as 3D Secure allows customers to be protected against theft, fraud, or other forms of misuse. Transactions
Xcoins also allows transactions via bank transfer, using SEPA for EU customers and Faster Payments for customers residing in the United Kingdom.
How to buy Bitcoin at Xcoins
So are you ready to start buying Bitcoin instantly and securely? All you need to do is create an account with Xcoins.com. Just follow the below step-by-step process and feel free to get in touch with our friendly customer service agents that are available 24/7 via live chat, email or call them on +888 71COINS if you reside in the US or on +1 (305) 946 1796 if you live anywhere else.
Step One: Set up an Xcoins account by simply clicking Sign Up.
Step Two: Once your account is up and running, click Buy Bitcoin.
Step Three: Purchase Bitcoin by choosing how much you want to buy and the currency you want to buy it in.
Step Four: Choose your method of payment.
Step Five: Enter your Bitcoin wallet address, so we know where to send your purchase.
Step Six: Click Complete Payment and that’s it, your Bitcoin will be with you soon.
This article does not constitute financial advice and you should be sure to do your own research and consult a professional financial advisor before making any investment decision.
Xcoins is a leading cryptocurrency platform that allows customers to buy and sell 6 leading cryptocurrencies. Sign up now to discover a new experience of buying and selling crypto and start with 0% fees on your first order.