Bitcoin and cryptocurrency is a trend that has seen a marked increase in the recent years. This is a type of currency trading that is much more accessible to the lay person than stock trading or option trading. For many average consumers, trading cryptocurrency is a fun past time that also happens to reap great financial rewards. In order to determine if trading bitcoin or crypto, as it is sometimes called, is right for you it is important to establish which companies are the best to deal with in doing your day trading. When trading cryptocurrency, you will want to establish a relationship with a company that hosts an e-wallet. An e-wallet is an online wallet that is used in order to store and trade your cryptocurrency. This wallet will hold all of your bitcoin funds and it will also assist in depositing money into your account, selling bitcoin, buying bitcoin, and withdrawing money from your account, as well. There are a few companies that stand out as the best options for developing your online e-wallet.
Coinbase is one of the best contenders in the cryptocurrency e-wallet sector, as they have been in business for a number of years. The business is headquartered in the tech hub of San Francisco, California. Developed in 2012, they serve thirty two countries around the world. This means that in order to do business with Coinbase, you do not need to necessarily live in the United States proper. While Coinbase does offers its e-wallet services for bitcoin, this company also offers e-wallet services for a host of other cryptocurrency. They allow the trading of Ethereum, Litecoin, and Tezos to name a few. Those who deal with Bitcoin on Coinbase are required to report their financial information to the Internal Revenue Service, as well. This is a very formal trading platform in the world of cryptocurrency and the benefits it has to offer its customers are many.
Another well-liked e-wallet for trading bitcoin is called eToro. This website is very popular in the world of cryptocurrency for many reasons. One of these said reasons is that they host a forum wherein traders can discuss their trading strategies. They employ risk management tools that help the user to prevent from seeing too many downfalls in their investments, as well. The company prides themselves on making their transactions seamless, meaning that depositing, withdrawing, buying, and selling are all actions that can be performed with ease for the user at the simple click of a button. The brand is noted for the usability of its services for the average consumer, rather than the expert Bitcoin trader. The average user does not need to invest grandiose amounts of money in order to see profits on their trading activities. As a matter of fact, it is only necessary to invest a minimum of $25 in order to see great financial returns on investments with eToro. This is the absolute minimum investment that the Bitcoin investor need to input in their account. The eToro platform also offers a virtual portfolio, wherein the consumer can witness his or her investments decrease or increase in value in real-time. eToro has a market analysis team that assists the consumers in being able to predict market trends for their Bitcoin currency. This is a helpful tool for beginner investors, as well as for those who simply want to enjoy the perks of market insight at a low to minimum cost. As with any type of trading, it is important to stay up to date on market changes in order to maximize your financial revenue.
CoinZoom is a fairly recent newcomer to the Bitcoin exchange market as compared with eToro or Coinbase. This cryptocurrency trading company offer various perks to its users in order to encourage participation in their Bitcoin trading market. They offer CoinZoom Visa brand debit cards affixed with their brand logo and chip technology. They pride themselves on the security that investment with their brand offers to the consumer. The company is operated by the umbrella company BitGo, which is insured for up to $100 million USD. They are compliant in their security regulations, as well. Specifically, this e-wallet complies to regulations established by the CFTC, NFA, and FINRA. The security of this company and its code regulation compliance are two factors that make it a wonderful company to trade Bitcoin with this upcoming year. Another benefit that CoinZoom offers its customers is its accessibility to the international market. You can currently trade Bitcoin in CoinZoom in the Euro, English Pound, Canadian Dollar, United Arab Emirates Durham, and United States Dollar, too. In order to make your payment deposit to your account, it is possible to perform a wire transfer, direct bank deposit, debit card transfer, credit card transfer, or transfer of existing cryptocurrency from another e-wallet host. CoinZoom’s platform can be downloaded onto a personal computer of onto a compatible mobile device. As with Coinbase and eToro, it is possible to download the CoinZoom technology onto a mobile phone or tablet. These are just some of the amazing features that make CoinZoom a notable platform for investing your funds into Bitcoin via an online e-wallet.
BlockFi is one of the lesser know e-wallets for storing and trading Bitcoin. The small company comes with benefits to the consumer like low fees for trading cryptocurrency. The business also offers the benefit that the consumer begins accruing interest on the monies they invest the moment that they are deposited into the e-wallet. They offer three different types of accounts for storing and trading Bitcoin. Their most notable benefit are the beneficial interest rates that they offer to their consumers. The first is the BlockFi Interest Account, which offers the consumer up to 8.6% Annual Percentage Yield (APY). They also offer the trading account, which allow the consumer to buy and sell cryptocurrency. In addition, they offer Crypto-Backed Loans, which offer purchase at low interest rates. The interest rates for these loans are sometimes as low as 4.5%. All in all, there are many viable options out there on the market for establishing a reliable Bitcoin e-wallet. The most notable and well-known e-wallet hosts are Coinbase and eToro. These brands have been in business for a long time, at least in terms of the relatively short lifespan for cryptocurrency. They are followed closely by the brands CoinZoom and BlockFi. Each of these latter contenders offer the consumer perks in order to incentivize more participation, including investing advise, Visa debit cards, and high interest rates for returns on investments. Should you decide to invest your monies in Bitcoin, there are no better hosts to engage with than these four aforementioned e-wallets. Trust in their services and you are sure to see great returns, increases in investments and continued prosperity in your Bitcoin endeavors. It is also recommended that you peruse each of these company’s websites in order to discover the sign up perks that they have to offer and features in helping you to succeed in Bitcoin investment. There is no better time than now to begin your journey with Bitcoin, so sign up now for your online e-wallet and get the ball rolling toward earning profits today.