Bitcoin is a cryptocurrency that was invented in 2008 by a group of anonymous people (or a single individual) by the name of Satoshi Nakamoto. It took until 2017 to see the digital currency become more democratic. Since then, the enthusiasm of the general public has grown stronger every year.
In France, more than 2 million people have already invested in Bitcoin. If 78% of French people know crypto-currencies, they are 14% to want to invest in it in the years to come . This represents a potential of 10 million people in France. You are one of them but you don’t know how to simply buy some?
To help you with your first steps, we have prepared a complete guide that will allow you to buy Bitcoin. We are going to review several well-known and reputable players in the ecosystem. It is better to favor long-standing platforms that have proven their resilience over time – and which are regulated.
68% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money.
Once we have explained how to buy Bitcoin, we will also come back to the risk (inherent to Bitcoin and those related to CFD trading), the tax declaration of the capital gain and many other parameters to take into account. If it is already at an all-time high today, financiers anticipate a bright future for Bitcoin. Some even claim that it could reach 1 million dollars. But watch out for volatility. The falls that happen from time to time are proof that you have to invest moderately.
eToro is a regulated trading platform in Europe that has been around since 2007 . If it was created even before Bitcoin, it is because it has long favored other asset classes: stocks, commodities and forex. For a few years, it has been one of the great references for Bitcoin trading. An advantage is that you can therefore have a portfolio It is registered with the ACPR Banque de France and has all the rights to practice in France.
Once the registration is complete, you will be able to invest in more than twenty different crypto-currencies including Bitcoin. You can also buy crypto from Ethereum , for example. With over 20 million users, eToro is one of the biggest players in the market. We appreciate its simplicity and its service. To help newbies get started, there’s a helpful social networking system.
Even better, eToro offers what is called copy trading . As its name suggests, this feature allows you to copy the best traders on the platform. If you don’t know exactly how to invest in cryptocurrencies, this is a good solution. Over time, you will then become more independent.
eToro is also renowned for its ease of use. Whether you use its website or its mobile application (on Android or iOS), all interfaces are easy to understand and use. Even as a beginner, at no time will you feel lost. It is very easy to trade, to consult the state of its portfolio, or to exchange with other investors
Here, you will therefore buy CFDs on Bitcoin. It is a financial product that strictly replicates the performance of Bitcoin. This comes without the difficulties around storing and securing real Bitcoin. Note that eToro also gives you leverage up to x5. In other words, you will be able to increase your position on the market (your risk too, be careful).