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Cryptocurrencies: Is It a Good Time to Buy Bitcoin?

  • December 5, 2022
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Investing in cryptocurrencies has become very popular in recent years, and more and more users are asking where and how to buy bitcoin. Currently, there are many options

Investing in cryptocurrencies has become very popular in recent years, and more and more users are asking where and how to buy bitcoin. Currently, there are many options on the market, and therefore it is important to reflect on the investment strategy that we will implement and who we will choose as a traveling companion, i.e. the platform on which we will put our money and trust.

In the current scenario, with soaring inflation and many doubts about how the traditional economy will react in the future, cryptocurrencies are becoming more relevant than ever and more and more users are valuing this type of asset as part of your investment portfolio.

How to start buying bitcoins in 3 easy steps

Coinhouse is a French company that offers cryptocurrency management and transaction services through its platform. A pioneer in the crypto asset market in Europe since 2015, the company is on a mission to make crypto assets accessible to everyone. With more than 350,000 customers worldwide, it is the first French player registered as a digital asset provider with the AMF (Financial Markets Authority). A condition that guarantees the safety and reliability of the platform.

Coinhouse makes investing in Bitcoin (and over 50 crypto assets) accessible to everyone. The interface has been designed to make the investment process easy, fast and secure. To get started, follow these steps:

1. Create an account

Click this link to start investing in cryptocurrencies. Open an account in seconds and get access to the Coinhouse platform and its features. All you need is an email address!

2. Verify the account

To ensure the safety of you and your digital assets, it is very important that you verify your account. Coinhouse uses a KYC (Know Your Client) process where you will be asked for a selfie and ID. This protocol is necessary to ensure the safety of the platform, to protect it from fraud and misappropriation, and to ensure that you, and only you, have access to your assets.

3. Start buying bitcoins!

Once your account is verified, the fun begins. Just make a credit card or wire transfer, withdraw your bitcoins, and you’ll have them stored in your Coinhouse account in seconds.

Where to train and track bitcoin price

There is no risk-free investment, and of course cryptocurrencies are no exception. However, there is a way to reduce it and improve the profitability of your assets: training.

Coinhouse offers free material and training on the crypto world for all levels: from those who have not yet invested or are taking their first steps, to advanced users looking to get the most out of their portfolio.

When is the best time to buy bitcoins

Gambling to guess whether Bitcoin will go up or down is the closest thing to gambling. In fact, if we really believe in Bitcoin as an asset, the best time to invest is right now.

However, it may not be a good idea to invest everything you have planned at once. Instead, it is advisable to use the DCA (Dollar Cost Averaging) strategy, which consists in spreading purchases over time. In this way, you minimize the risk and reduce the average purchase price: if a bitcoin falls in a month, you can buy more bitcoins for the same money.

A quick example to conclude: imagine you plan to invest 5,000 euros in Bitcoin. Instead of trying to buy it when it’s cheap (we never know if it will go lower or not), the alternative is to invest 500 euros per month for 10 months. In the end, you will have the same amount, certainly a lower average price, and above all, you will get peace of mind.

In short, Coinhouse is not just another platform. It combines maximum security and reliability guarantees, the support of the French authorities as an investment platform and a commitment to training as the best way to make the most of your money by investing in the assets of the future.

Source: Muy Computer

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