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Basics for buying and investing in bitcoin investopediainvestopedia

Basics for buying and investing in bitcoin investopediainvestopedia

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Investopedia Video: What Are Stocks?
A bitcoin, at its core, is data with ownership assigned. Data ownership is transferred when transactions are made, much like using your debit card to transfer. Bitcoin investors need a cryptocurrency exchange account, personal identification documents if you are using a Know Your Client (KYC) platform, a secure connection to the internet, a method of payment, and a personal digital wallet outside the exchange account. Another popular way to invest in cryptocurrencies is through financial derivatives, such as CME's Bitcoin futures, or other instruments, such as Bitcoin trusts.

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Patience and diligence remain key virtues for participatnts in this burgeoning new world of digital assets and decentralized finance. This is very risky and should only be done after talking to a professional financial advisor about your financial circumstances. Dollar-cost average into crypto by making small, but recurring purchases on a set schedule, such as weekly or monthly. The Bottom Line.