Bitcoin has managed to shake the world’s financial sector in 2020 and 2021. This cryptocurrency surged again after spending 2 years trying to go back to its normal state. When its value started rising at the end of 2020, many were convinced that Bitcoin will break the 2017 record in value and surpass $20,000 for the first time, but it would plunge immediately after that.
But, as we saw, not only did Bitcoin surpasses the 2017 record, but it remained stable for the next few months. It even reached an all-time high when it hit $63,000 in April. What’s best about it is that experts think that Bitcoin may rise to $100,000 by the end of 2021. That is why so many people are looking to register to its network and start trading.
Trading Bitcoins is the main ingredient of making money with this cryptocurrency. That is why we wanted to provide you with a general guide on finding the best platforms to sell Bitcoins and make a profit. Let’s start.
Research for Trading Sites
There are two known marketplaces where you can sell Bitcoins – Bitcoin ATMs and trading sites. Trading sites are far superior since they are easy to access and have significantly lower fees. They operate online, so the first part would be to research and find the best platforms that will meet your individual preferences.
Register and Verify Your ID
After you’ve found the perfect choice, it is time to register. The process of registration requires you to fill in an online application form with some basic information about yourself and it lasts just a minute. After you’ve registered and selected your preferred payment method, then you should receive a notification that states that you need to verify your identity. That can be done by sending a valid document such as your personal ID, driver’s license, or passport.
Use Their Services
Reputable trading sites have one additional advantage over Bitcoin ATMs. Platforms such as Crypto Engine utilize automated systems that analyze the market and collect all relevant information about Bitcoin. The data is then processed and the AI system makes accurate predictions on its future fluctuations.
Considering the fact that Bitcoin has a very high volatility rate, these results will come in handy as they will let you know when is the best time to sell your Bitcoins and maximize your revenue. Thanks to advanced services such as this one, trading has never been easier and more profitable. Keep in mind though, this does not guarantee you profit, but it does increase the chances of one.
Consider Using Bitcoin for Payments
Bitcoin is not just about selling and making money off it. One of its beauties is that it is very superior when used as a payment method as well. Not only will users gain a greater level of online security thanks to the fact that this cryptocurrency provides them with a certain level of anonymity, but the online transactions made with Bitcoin are also instant. Finally, since banks are excluded from the process, they are unable to impose their hidden/added fees, meaning that users actually save money with each transaction.
And if you are wondering where can you use Bitcoin to purchase various products or services, you will find it quite interesting that many of the world’s most reputable brands accept it as a payment method.
There’s no denying the fact that Bitcoin is a futuristic currency. As we saw, users have a lot of benefits by using it for payments. It can also be used to make profits, which is the main reason why millions of people from around the world have invested in it.