how's it going today everyone today I
will be explaining the basics of buying
and investing in Bitcoin I am NOT a
Bitcoin or cryptocurrency investor and I
currency in this video my simple goal is
to explain in an unbiased fashion how
you would go about investing in Bitcoin
I hope that you as a diligent investor
have done your research before deciding
to invest in anything the simplest way
to invest in Bitcoin is buying it
outright buying Bitcoin is really easy
as many firms within the United States
as well as around the globe are involved
in the business of buying and selling
bitcoins for investors in the United
States I recommend using coin base this
is the world's most popular way to buy
and sell Bitcoin ethereum and litecoin
coin base makes money from charging a
small transaction fee for buying and
selling coins as well as a foreign
currency conversion see coin base offers
additional services like automatic
Bitcoin buying at set intervals as well
as the ability to link your bank account
to your coin base wallet one thing to
remember is that coin base is not a
Bitcoin exchange you are buying your
coins directly from the firm which in
turn has to source them from other
buyers this creates issues or delays
when executing orders during fast market
moves this is one major disadvantage to
using coin base especially for those
looking to trade the price swings of
cryptocurrencies
if you are looking to buy and hold this
is not much of a concern for traders
looking for a Bitcoin exchange
I recommend bitstamp bitstamp works like
a traditional Stock Exchange where you
are trading with other users and the
company acts as the middleman liquidity
is much higher with a bit quite exchange
like bitstamp since you are trading with
other users bitstamp does not have to
source the coins they simply facilitate
the transactions and charge a small fee
based on your monthly dollar volume of
trading the more you trade the less you
pay and fees while there are ways to
invest in Bitcoin indirectly I do not
recommend them
one example of this is the Bitcoin
investment trust this is an ETF or
exchange-traded fund operated by grave
scale investments that trades on an
exchange like a stock as of June 28 they
have 1 million eight hundred sixty eight
thousand seven hundred shares
outstanding with a Bitcoin per share
ratio of 0.09 to 895 3/4 which gives
them ownership of one hundred seventy
three thousand five hundred ninety-four
Bitcoin currently they have a market
capitalization of 741 million giving
each Bitcoin under management a value of
roughly four thousand two hundred
seventy dollars today one Bitcoin is
worth roughly two thousand five hundred
fifty-five dollars this means that the
bitcoins in the Bitcoin investment trust
are at a sixty-seven percent premium on
top of this gray scale investments
charges a two percent fund management
fee for that reason I recommend
investing in the coins through direct
ownership if you are going to invest in
the currency thank you for taking the
time to watch this video if you enjoyed
it please drop a like and consider
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