STEP-BY-STEP GUIDE

How to Invest In Bitcoin

Posted on 30 April 2021
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Although Bitcoin's dominance has waned this year — Bitcoin now accounts for about 46% of the total value of the cryptocurrency market, down from 70% at the beginning of the year — it's still the biggest single coin by far. Anyone who goes into cryptocurrencies should be comfortable with the price fluctuation, which can be considerable even in the most established ones.

Investing in Bitcoin can seem complicated, but it is much easier when you break it down into steps. In this guide we've presented options for each step and highlight main pros and cons of this options.
WHERE TO STORAGE
WHERE TO BUY
HOW TO INVEST

Cryptocurrency Safekeeping

Crypto assets are digital money, meaning they are nowhere physically speaking. This also means that it is your responsibility to ensure they remain truly and safely yours. This first step is about learning some cryptocurrency foundations and aspects, so that you understand why they need "special attention" in terms of security.

Why Is Security So Important With Crypto?

The first thing to understand is that buying crypto assets doesn't mean physically owning the coins. Because digital money is not tangible and does not exist physically. What you really own instead is called a "private key". And this is actually what you need to protect.

Private key is comparable to an actual key as it unlocks the right for its owner to access and spend the associated cryptocurrencies. In the same way as your house keys, your private key is yours and only yours, and should therefore remain private. Your private key would be similar to your bank account password. Sharing your private key would be like sharing your bank account password or credit card pin.
The first thing to understand is that buying crypto assets doesn't mean physically owning the coins. Because digital money is not tangible and does not exist physically. What you really own instead is called a "private key". And this is actually what you need to protect.

Private key is comparable to an actual key as it unlocks the right for its owner to access and spend the associated cryptocurrencies. In the same way as your house keys, your private key is yours and only yours, and should therefore remain private. Your private key would be similar to your bank account password. Sharing your private key would be like sharing your bank account password or credit card pin.

Who's control your funds?

If you hold funds on your favorite crypto exchange, it might seem like you actually own the assets on your account. After all, you do need to log in to gain access to them, right?

But it is not the case. Even worse, it's the opposite. When you leave your crypto on an exchange, it's actually the exchange that effectively owns the private keys associated with your funds. As a result, the exchange is in control. You are just relying on them to give you access to your funds when you demand it. But do you really want to trust an entity with your house or safe keys?
If you hold funds on your favorite crypto exchange, it might seem like you actually own the assets on your account. After all, you do need to log in to gain access to them, right?

But it is not the case. Even worse, it's the opposite. When you leave your crypto on an exchange, it's actually the exchange that effectively owns the private keys associated with your funds. As a result, the exchange is in control. You are just relying on them to give you access to your funds when you demand it. But do you really want to trust an entity with your house or safe keys?
The wise thing to do after buying your crypto assets is to make sure you truly own your private keys. And to safely secure them.

How to Keep Your Crypto Safe?

When it comes to crypto wallets, they are divided into two categories: "hot" and "cold" wallets.

Hot wallets
are digital crypto storing wallets that are easily accessible via mobile devices, laptops, and desktops. Those include crypto exchanges, online and software wallets.

Cold wallet refers to physical (usually small) objects, such as a hardware device, in which you can store your private key
When it comes to crypto wallets, they are divided into two categories: "hot" and "cold" wallets.

Hot wallets
are digital crypto storing wallets that are easily accessible via mobile devices, laptops, and desktops. Those include crypto exchanges, online and software wallets.

Cold wallet refers to physical (usually small) objects, such as a hardware device, in which you can store your private key
Hot vs Cold crypto wallet
Securely start your crypto journey
Ledger's cold hardware wallet offers high level of protection, as your private key remains protected within a certified secure chip.

Buying Bitcoin Online

Since the spirit of Bitcoin is decentralization and individual sovereignty, some exchanges allow users to remain anonymous and do not require them to enter personal information. To buy bitcoin you can use standard payment methods including bank transfers, credit cards, Paypal, etc. Below you can find our picks for the best places to buy bitcoin online.

Crypto Exchange

On most cryptocurrency exchanges you will need to provide an official document ID to open an account. The type of wallet is called an online (hot) wallet, and people rely on the exchange to keep their funds safe.

An important thing to note when creating a cryptocurrency exchange account is to use safe internet practices. This includes using two-factor authentication and using a password that is unique and long, including a variety of lowercase letters, capitalized letters, special characters, and numbers.
On most cryptocurrency exchanges you will need to provide an official document ID to open an account. The type of wallet is called an online (hot) wallet, and people rely on the exchange to keep their funds safe.

An important thing to note when creating a cryptocurrency exchange account is to use safe internet practices. This includes using two-factor authentication and using a password that is unique and long, including a variety of lowercase letters, capitalized letters, special characters, and numbers.
Favorable exchange rate
Complicated purchase procedure
Buy & sell Crypto in minutes
The world's largest crypto asset exchange

Digital Banking Service

If you already have some experience with stock market investing, buying Bitcoin will likely feel familiar, a bonus for those who new to crypto. Some companies that provide crypto exchange services offer to buy cryptocurrencies in several ways:
  • Buy cryptocurrency straight away.
  • You can use feature "auto exchange", and buy cryptocurrency in the future, if the exchange rate hits the target rate you set.
  • You can set up a "recurring buy", and buy cryptocurrency at regular intervals in the future, at the exchange rate at each individual time.
If you already have some experience with stock market investing, buying Bitcoin will likely feel familiar, a bonus for those who new to crypto. Some companies that provide crypto exchange services offer to buy cryptocurrencies in several ways:
  • Buy cryptocurrency straight away.
  • You can use feature "auto exchange", and buy cryptocurrency in the future, if the exchange rate hits the target rate you set.
  • You can set up a "recurring buy", and buy cryptocurrency at regular intervals in the future, at the exchange rate at each individual time.
Easy purchase procedure
High exchange rate
Get more from your money
Exchange money with no hidden fees. Buy crypto, gold and manage your money with spending analytics.

Person-to-Person Exchange

Buyers and sellers agree on trade terms. The exchange connects local people who want to trade bitcoins. Payment methods are determined by the sellers, you can buy coins with Paypal, via bank wire or even with cash. The platform, such as LocalBitcoins.com can offer high degree of privacy.
Buyers and sellers agree on trade terms. The exchange connects local people who want to trade bitcoins. Payment methods are determined by the sellers, you can buy coins with Paypal, via bank wire or even with cash. The platform, such as LocalBitcoins.com can offer high degree of privacy.
Сonvenient conditions
Long time search for a suitable deal
Buy and Sell Bitcoin Everywhere
Trade bitcoins person-to-person in an easy, fast, and secure way

How to invest Bitcoin

Could you and should you invest Bitcoin after you bought it? You can, and it depends on your appetite. The bigger possible return, the more it involves risk. Learn the various types of ways you can invest Bitcoin, its advantages in disadvantages.

Bitcoin Staking

Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.

Simply put, staking is the act of locking cryptocurrencies to receive rewards. In most cases, you'll be able to stake your coins directly from your crypto wallet.

How are staking rewards calculated? There's no short answer here. Each blockchain network may use a different way of calculating staking rewards. Some are adjusted on a block-by-block basis, taking into account many different factors. For some other networks, staking rewards are determined as a fixed percentage. A predictable reward schedule rather than a probabilistic chance of receiving a block reward may look favorable to some.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.

Simply put, staking is the act of locking cryptocurrencies to receive rewards. In most cases, you'll be able to stake your coins directly from your crypto wallet.

How are staking rewards calculated? There's no short answer here. Each blockchain network may use a different way of calculating staking rewards. Some are adjusted on a block-by-block basis, taking into account many different factors. For some other networks, staking rewards are determined as a fixed percentage. A predictable reward schedule rather than a probabilistic chance of receiving a block reward may look favorable to some.
Safe method
In most cases small return
Earn more from your crypto
With a BlockFi Interest Account (BIA), your cryptocurrency can earn up to 8.6% APY

Auto Trading Bots

Trading cryptocurrencies isn't easy. This is because unlike stock markets, cryptocurrency markets don't close, and this presents a very stressful scenario for both casual investors and seasoned traders in the industry. To retain control of trading even in your sleep and to counter the volatility of the cryptocurrency market, traders are increasingly relying on trading bots.

Cryptocurrency trading bots are software programs that can help you automate your trading strategy and take full advantage of the crypto exchange market. These bots can carry out trading actions even while you are sleeping! Because of the added possibilities that crypto trading bots bring, more and more cryptocurrency traders are turning to these bots.
Trading cryptocurrencies isn't easy. This is because unlike stock markets, cryptocurrency markets don't close, and this presents a very stressful scenario for both casual investors and seasoned traders in the industry. To retain control of trading even in your sleep and to counter the volatility of the cryptocurrency market, traders are increasingly relying on trading bots.

Cryptocurrency trading bots are software programs that can help you automate your trading strategy and take full advantage of the crypto exchange market. These bots can carry out trading actions even while you are sleeping! Because of the added possibilities that crypto trading bots bring, more and more cryptocurrency traders are turning to these bots.
Passive income
Uncontrolled process
Smart Trading Terminal and Auto Trading Bots
Advanced tools for crypto traders to increase profits while reducing risk and minimizing loss

CFD Trading

Trading on CFDs does not require massive time commitment. Starting from 30-minutes deals and leverage up to 1:10 on the trading platform, you can increase your potential profit, rather than waiting Bitcoin's value rise for months.

Find out what is leverage in short video below:
Trading on CFDs does not require massive time commitment. Starting from 30-minutes deals and leverage up to 1:10 on the trading platform, you can increase your potential profit, rather than waiting Bitcoin's value rise for months.

Find out what is leverage in short video below:
Possible high return
CFD Trading involves risks

Bitcoin Investment Platform

DEPOSIT
TRADE CFD
GET PROFIT
Instant deposit with Bitcoin / USD / EUR / ZAR. Zero fees.
Speculate on the price movement of Bitcoin or other 10+ top cryptocurrencies at your choice.
Wide range of withdrawals methods. Secure processing. 24/7 support.
10
Broker provides additional tool called leverage, that increases the trader's initial investment by a certain percentage
MULTIPLIER
BOOST YOUR GROWTH WITH
×
*
*
All investments involve risks, including the possible loss of capital

Bitcoin Investment Platform

10
Broker provides additional tool called leverage, that increases the trader's initial investment by a certain percentage
MULTIPLIER
BOOST YOUR GROWTH WITH
×
*
*
DEPOSIT
TRADE CFD
GET PROFIT
Instant deposit with Bitcoin / USD / EUR / ZAR. Zero fees.
Speculate on the price movement of Bitcoin or other 10+ top cryptocurrencies at your choice.
Wide range of withdrawals methods. Secure processing. 24/7 support.
All investments involve risks, including the possible loss of capital

Trading Platform Advantages

CROSS-PLATFORM TRADING APP
TRADERS' SENTIMENT FEATURE
BUILD-IN VIDEO TUTORIALS
RISK MANAGEMENT
Understandable and personalized. Nothing extra, only useful things.
You don't need to leave the trading platform. Wide range of videos is readily accessible at all times.
Manage your losses and profits with features like "Stop Loss / Take Profit", "Negative Balance Protection" or "Trailing Stop".
This feature tells you what the majority of traders are doing in real-time — selling or buying.
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Find out how to start in this short video tutorial

New to Online Trading?

01:20
Find out how to start in this short video tutorial

New to Online Trading?

01:20

How to start investing?

Each registered user of Online Trading gets an opportunity to invest Bitcoin in the selected asset. The registration procedure is available to all South African traders who have reached the age of majority.
REGISTER
DEPOSIT
PICK AN ASSET
Takes less than a minute.
Variety of methods. Instant process.
Bitcoin, Etherium, Litecoin and more

The Broker You Can Trust

$ 20 000 000 +
1 000 000 +
MOMEY WITHDRAWN:
2013
FOUNDED IN:
TRADE DEALS:
PER DAY
PER MONTH
CUSTOMER SUPPORT:
24/7

Money Deposit and Withdrawal Methods

Our platform allows the use of bank cards (1-3 days), e-wallets (1-3 days) and wire transfers (7-10 days) for depositing and withdrawing funds.
Easy way to exchange 0.001 BTC to ZAR.
100% SSL Secure certificate

Start Trading

After creating an account you can enter the trade room right in your browser, or download the app on a device of your choice.

$10,000
virtual & reloadable
for practice
The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Basic Information About Bitcoin

Top online cryptocurrency trading platform for South Africa

Trade, Sell and Buy Bitcoin in South Africa

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