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Investing in Bitcoin is all the rage but how exactly does a beginner get started? Do you need to already have Bitcoin to invest? Or do you transfer money from your bank account to somewhere and convert it to Bitcoin? What does that look like?
If you just want to earn a high return with crypto, you might consider a crypto savings account. Check out the best cryptocurrency savings accounts here.
Investing in Bitcoin can seem complicated, but it is much easier when you break it down into steps. Buying Bitcoin is getting easier by the day and the legitimacy of the exchanges and wallets is growing as well. Key Takeaways The value of Bitcoin is derived from its adoption as a store of value and payment system, as well as its finite supply and decreasing inflation. While it is nearly impossible for Bitcoin itself to be hacked, it is possible for your wallet or exchange account to be compromised. This is why practicing proper storage and security measures is imperative.