Where I Can Buy BTC with Low Commission and Safe Process? - Coindoo

Where I Can Buy BTC with Low Commission and Safe Process?

Editorial Team Avatar
Mar 29, 2021
4 min reading time

If we decide to invest in Bitcoin (BTC), it is worth remembering a few things that will definitely facilitate this process. One of the key elements when investing is choosing the right website that will allow us to start the adventure with cryptocurrencies. We have standard exchange platforms at our disposal, as well as cryptocurrency exchange offices. Depending on what type of investment we are looking for, they have many advantages and disadvantages.

Where Can We Buy Bitcoin (BTC)?

“When starting your investment, it is good to have pre-established assumptions on which we want to act. If our plan is to buy BTC and keep it long-term, it is good to set the price target that we would like to achieve, as well as the potential profit that interests us from this investment. This will help us avoid acting under the influence of emotions, which will reduce the number of wrong decisions. ” – Said Tomasz Kabarowski, the founder of the cryptocurrency exchange office – kantorbitcoin.pl

Safe Bitcoin Purchase

Exchange platforms have been hacked many times and investors have lost their funds. Statistics show that an average of $ 350 million is lost from exchanges around the world each quarter as a result of hacker attacks and exploits. If our priority when exchanging cryptocurrencies is security, as well as a long-term investment, it is worth focusing your attention on cryptocurrency exchange offices. By using their services, we are sure that after paying for the order, the funds will go straight to our wallet, which we can properly secure beforehand. The currency exchange serves us only as an intermediary platform to conduct transactions, and not as a medium that stores them.

Hacking Attacks on Cryptocurrency Exchange Platforms

When holding your funds on the stock exchange, you must remember that apart from you, the creators of this platform also have access to them. More than once in history, it has happened that during a hacker attack or because of bad intentions of managers, users’ funds have disappeared forever. The loudest hook in the history of cryptocurrencies that simultaneously caused the bubble to burst in 2013 was the Mt.gox exchange, which then processed over 80% of the Bitcoin volume. More than eight years have passed since this incident, and investors have not recovered their cryptocurrencies to this day.

Traps of Short-Term Investing and Active Trading

The most recognizable and safe exchanges today are Binance and Coinbase. They have multiple cryptocurrency pairs and relatively low transaction fees. For Bitcoin, the target pair for trading is typically BTC / USD.

It is worth remembering, however, that when investing in a short-term and actively trading your funds, which is commonly known as speculation, it is a very risky activity, and most people who do this takes loses its resources (or at least part of them). So before we decide on this type investment, it is worth remembering a few facts:

  • Statistically, speculators generate four times less profit compared to individuals long-term investors.
  • The largest number of speculators usually come to the market during a bull market and most of them it works without any plan and makes its movements based on emotions.
  • Less than 5% of active speculators from year to year regularly generate significant income that they allow you to “survive” from speculation.

Long-Term Investments in Cryptocurrencies

When buying cryptocurrencies over the long term, many people prioritize their safety investment. It is a good habit to conduct investment in this way to average the purchase prices. This allows us to avoid the effect of investing on the hill, and also allows us to save parts capital in the event of sudden, unforeseen declines and entry into a hole. The aforementioned exchange offices (kantorbitcoin.pl) are a good choice for this type of investment, where we avoid contact with an intermediary who has access to the cryptocurrencies we have purchased. It is enough to place an order in which we provide the public address of our wallet and after the payment is approved by the service, we receive our funds within several minutes. If history is any indicator, then by investing in cryptocurrencies such as Bitcoin in the long term, adopting the price averaging tactic, we will certainly not regret our actions in the perspective of several years.

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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