As we progress through the year 2024, Bitcoin (BTC) continues to hold a significant position in the digital currency market. This article seeks to provide insights into the process of purchasing Bitcoin (BTC) with a card. We will delve into understanding what Bitcoin is and examine its investment potential in 2024. Subsequently, the guide will take you through the actionable steps of acquiring Bitcoin, serving as a valuable reference for both novice and seasoned investors in the realm of cryptocurrency. Let’s take a look at this how to buy Bitcoin article in more detail.
What is Bitcoin (BTC)?
Bitcoin stands as the most widely recognized cryptocurrency, originating as the inaugural decentralized currency in 2009. It brought about a revolutionary change in currency and the financial market through the introduction of blockchain technology. Over time, Bitcoin has evolved from being merely a decentralized currency to becoming a widely sought-after investment asset.
This cryptocurrency operates on a decentralized booking system, where transactions are authenticated through digital signatures. The Bitcoin blockchain functions as a peer-to-peer network, consistently stored across the nodes of the network. During a transaction, there is an exchange of decentralized currency between two parties.
Is Bitcoin a Good Investment in 2024?
Over the past year, Bitcoin (BTC) has demonstrated remarkable performance, witnessing a substantial 98% increase in its price. This surge positions Bitcoin as a standout performer, surpassing 70% of the top 100 cryptocurrencies during this timeframe.
Notably, Bitcoin has outpaced Ethereum, a significant player in the crypto market. Moreover, the fact that Bitcoin is currently trading above its 200-day simple moving average underscores its sustained positive momentum, indicating a potential bullish trend.
Additionally, the cryptocurrency’s high liquidity, as evidenced by its substantial market capitalization, further solidifies its status as a robust and influential asset in the digital market.
As we assess these key indicators, there is a compelling case for continued optimism regarding Bitcoin’s performance in the near future, suggesting the potential for sustained growth and continued outperformance in the cryptocurrency landscape.
Is Bitcoin a viable investment option in 2024? Although the cryptocurrency market is known for its volatility, Bitcoin appears to have promising potential for long-term success. With a strong foothold in the digital realm, Bitcoin is relied upon by numerous individuals and projects, suggesting a robust position in the market that may contribute to its sustained performance over time.
Where to Buy Bitcoin in 2024?
Bitget stands out in the crowded field of cryptocurrency brokers for several compelling reasons. Renowned for offering some of the lowest fees in the market, Bitget makes trading more cost-effective, ensuring that your investment goes further. Additionally, the platform’s user-friendly interface simplifies the trading process, making it accessible for both beginners and experienced traders alike.
How to Buy Bitcoin in 2024?
Now that you know why we like Bitget, here’s a simple step-by-step guide on how to do so. If you’re just starting your crypto journey, start from the first steps. However, if you already have an account with Bitget, jump to step 3.
1- Set Up Your Bitget Account
Begin by creating a Bitget account. Go to this link and sign up using your email or your mobile number.
2- Complete your Identity Verification
In order to adhere to regulatory requirements and improve your trading experience, please undergo Bitget’s identity verification process. This entails choosing your country, uploading necessary identification documents, and submitting a selfie. Upon successful verification, you will receive a notification, indicating that you are now prepared to proceed.
3- Buy Bitcoin with a Card
Simply link your Visa or Mastercard by choosing the Credit/Debit card option in the Buy Crypto section. Use the screenshots below to switch from USDT to BTC, add a new card, and complete your transaction without any fees.
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