The Process to Add Bitcoin to Your Investment Portfolio?

Add Bitcoin to Your Investment Portfolio

We all know about the rapidly rising popularity of Bitcoin. No doubt, there have been lots of ups and downs when it comes to Bitcoin, but we have indeed passed the hiccups. If you have added Bitcoin to your investment portfolio before, you might know it has been a roller coaster ride. While many investors have made millions, others have lost a lot.

Even after many ups and downs, you can go for it if you feel that Bitcoin can offer you good returns. If you have been investing in stocks and shares for a long time, Bitcoin can be a great addition to your portfolio.

There are several ways to add Bitcoin to your investment portfolio. You can purchase Bitcoins directly and indirectly. You can also look for traditional brokers to get Bitcoins.

What are the different ways?

For people who want to trade Bitcoins, there are lots of options. Of course, you must have a different account for this. But, first, we have to check the best ways to buy Bitcoins:

Use PayPal

If you are looking for an easy method to add Bitcoin, PayPal offers an excellent opportunity. You can try the PayPal platform to purchase and sell bitcoins directly. Millions trust the platform for online transactions. Thus, you don't have a reason to worry at all. All you have to do is make a payment of $.50 for every transaction involving less than $25. But, there are lots of margins for different trade amounts. But, if you want to hold Bitcoin in your PayPal account, you won’t have to pay a penny. In addition, you also have the option to transact for as little and a minimum as $1 at a time.

Coinbase is easy to use

Another add Bitcoin to your investment portfolio is by choosing the platform Coinbase. The platform offers you an opportunity to own the digital currency directly. By using the Coinbase platform, you will also trade in different cryptos like Solana and Bitcoin cash. The best feature of Coinbase is that it offers an extra layer of security. It means you can easily store the digital currencies in value and make a time-delayed withdrawal according to your needs.

The primary thing you have to do is give a commission of 0.50%, depending upon the size and level of the transaction. The commission charge may seem confusing for novice investors, but you will understand the hack. The pro version of Coinbase is cheaper. So, you can go for it if you want to save extra bucks.

Look for trading apps

There are many fantastic trading apps that you can choose to add bitcoin to your portfolio. Some of the best trading apps include Weibull and Robinhood. The best feature of Robinhood is that it does not have any commission. You will be charged only for a markup trade. Through these trading apps, you can purchase bitcoins directly. You also have the opportunity to use the same platform to invest in stocks and Exchange Traded Funds. Weibull will help you trade more than 20 types of other cryptocurrencies. All you need to do is pay a markup of 1% on every transaction.

Look for interactive brokers.

If you are a regular investor, you can also look for interactive brokers to add Bitcoin to your portfolio. These brokers will help you buy futures contracts in bitcoin, and you will also be able to trade the coin directly. The broker will charge you $10.02 per contract. But, in addition to this, you will be able to invest in five different cryptos. Thus, you can invest in Ethereum and Litecoin with ease.

Bitcoin ATM

For many people, a Bitcoin ATM may seem like a new concept. But, in reality, the concept of a Bitcoin ATM is as old as Bitcoin. The only disadvantage is that you will need to pay more commission. While some ATMs will offer you the opportunity to buy Bitcoins, others will also offer you the opportunity to sell Bitcoins. Commissions associated with bitcoin are pricey, and they can be as high as 7%.

So, check all these methods to add Bitcoin to your investment portfolio. Kindly inform us if you want to get details about more such methods. Look at the platform to get additional information.

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