The most secure way to buy bitcoin and invest in cryptocurrencies

The popularity of bitcoin and cryptocurrencies is here to stay. The profitability they can achieve is simply incredible and although they will have their pluses and minuses, investors already know that they should watch them. Along with its fame, scams and frauds appeared, so we decided to take the step and look for the best bitcoin exchange to invest in this and other cryptocurrencies.

The cryptocurrency market is very broad and while some platforms focus on the most popular ones, others offer a great diversity of exotic currencies. Therefore, it is generally a good idea to have an account on more than one website. To do this, we offer you this list of the best platforms to buy bitcoin and invest in cryptocurrency.

Investing online allows you to earn money or even work from anywhere. All you need is a computer and an internet connection. Sometimes even a smartphone can be enough, although to trade consistently, we still think that the desktop computer gives more analysis options. Buying bitcoins is not a decision you should make lightly. Its volatility is very high, so you must do it wisely. With the rest of cryptocurrencies, this fact is enhanced. The good news is that these currencies are designed to go up in the long run. Not all of them will, as they require good acceptance and offer security, but there are certainly huge opportunities in the markets right now.

Prudence must also accompany you when choosing the best bitcoin exchange. If you only want to buy cryptocurrencies, perhaps the best option is Investcryptocurrency.co. Now, if what you want is to invest in pairs, as if it were the FOREX market, the options vary a lot depending on your personal tastes. What is clear is that one of the fundamental sections is security and avoiding fraud and scams. If you suffer only one of these situations, it will spoil your accumulated profitability for a long time. The good news is that we are here to help.

How is a secure platform to buy bitcoin

The main problem with cryptocurrencies is that they are not regulated. Therefore, we cannot say that such a company is licensed by such a financial authority and another is not. However, there are many indications to know if a company is legal.

A secure bitcoin exchange to buy this or any other cryptocurrency (litecoin, ethereum, etc.) is characterized by not being in a tax haven and demonstrating an effort to comply with regulations as they come out and even taking proactive measures to encourage safety.

A basic security measure is the two-step authentication system, which is generally implemented through Google Authenticator or similar apps. It consists in that when you try to log in or carry out some other activity such as an operation or a deposit, a unique code is generated that you receive on your smartphone through the app and that you must enter on the web. In this way, only someone who has access to your mobile phone can know that code. Most investment platforms offer the possibility of implementing this system in their preference settings, and of course, we recommend that you do so to avoid scams.

Another security measure that you should never miss is SSL encryption. It is essential that it exists when you log in to the page and when you upload your documents for identity, address, etc. verifications.

Regarding funds in real currencies such as the dollar, euro, etc. the safest companies use segregated accounts, which means that your money is only used for your investments and not for the current expenses of the company. With cryptocurrencies, they do something similar, although not exactly the same. They call it cold wallet. The standard is to keep 98% of cryptocurrency funds in a cold wallet that, let's say, is unreachable by a hacker. In such a way that if there is a security breach on the platform, they can only steal 2%.

Why are there so many rumors of scam in trading and buying bitcoin?

Although there have been real scams in bitcoin and cryptocurrency trading, the truth is that there has been much more concern than necessary about the delays in the support services of the platforms.

Keep in mind that relatively recently, hardly anyone traded on the bitcoin exchange. But in 2017 there was a fever of a currency that rose and rose without stopping. It appeared in the newspapers and televisions and many wanted to enter. This resulted in a barrage of new users for the platforms.

Precisely for security reasons, many platforms do not enter the money in the user's account until their identity is verified. But with the large number of users entering them, the times got too long. The staff was so overworked that they didn't answer questions either. Therefore, many users were alarmed. They had sent money and it did not appear, in fact, not only that, but they did not even reply to their messages, because the agents were exclusively dedicated to verifying accounts.

Over time the situation has been normalizing. On the platforms that we suggest at Investcryptocurrency.co, all users have received their money, provided they have sent it correctly. Which brings us to another risk factor. There are not a few users who try to send ethereum to a litecoin account or bitcoin to a bitcoin cash account. These failures are the responsibility of the users. You should always double-check that you are sending the correct currency to the correct wallet. If you don't, the platform will try to help you, but it won't always be possible.

At Investcryptocurrency.co we try to make reviews of platforms to buy and sell cryptocurrencies that are useful for those who are deciding where to invest.

To do this, we look at the following factors that we consider important so that each reader can choose which platform best suits their personal needs.

• Security: We have already talked about it.

• Customer service: It must be fast and efficient.

• Mobile App: Many platforms have, but not all work well.

• Payment methods and their prices: We generally prefer companies that support SEPA transfers that are the cheapest and income to the cryptocurrency wallets themselves.

• Commissions for purchase and sale operations: The most common is that they start at 0.25% and then go down.

• Offer of pairs of cryptocurrencies to invest: It is important that they are the most popular and it is also usually interesting that they contemplate pairs with respect to the dollar and the euro and not only of cryptocurrencies with each other

With these six factors, you already have a good decision base. From them, ask yourself what you are looking for personally, take a look at their websites, even register with them since it is free and has no commitment and decide which one or which you want to invest in.

How to invest in cryptocurrencies

There are two basic ways to invest.

One is to buy the cryptocurrency, wait for its value to rise while it is kept in an electronic wallet and sell it when it has appreciated.

The second is to buy a pair of cryptocurrencies, exactly the same as in the forex market. This way is, generally, much faster to generate profits or losses that justify closing the operation. Therefore, whenever you do, you must establish profit and loss stops to manage your risk. The volatility is so high that a few hours of carelessness can cost a lot of money.

The main instrument for investment is technical analysis. But keep in mind that according to the experts, for a technical analysis to be valid it must be done on an asset with sufficient liquidity. For the more exotic cryptocurrencies, the charts can be misleading.

Conclusion

Buying and selling bitcoin or investing in cryptocurrency pairs can be very interesting financially. But as in all types of the financial market, what can go up fast can also go down, so it is important to invest with caution and knowing what to do after a good analysis.

What you should never be willing to do is bypass security. There are good platforms from well-known companies in the world that offer good security guarantees in terms of avoiding scams and scams. Opting for an unknown company that has an incredible offer can be one of the worst decisions since thefts should never be a possibility in your investment strategy.

To help you choose the best platform, we have prepared our reviews with an exhaustive analysis of each one. Information is not always easy to get and we wanted to collect it for you. So we can only hope that you succeed with your investment and start this beautiful project with our help.